NOT LISTED FOR SALE

601 2nd St Jackson, MI 49203

Nicholls Neighborhood

Estimated Value: $94,000 - $142,000

3 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold June 02, 2023

Last sale price $107,599

Est. 11% increase in value since last sale

Current estimated payment $848/month

105 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 1-minute walk to Under the Oaks
  • Sharp Park Academy Rated A-
  • Wood Siding

About This Home

As of June 2023

Income property in the City of Jackson 4 units, partcial basement. Located within walking distance of to downtown shopping and resturanst.

Last Agent to Sell the Property

Mary Shean

SPROAT REALTY PROFESSIONALS License #6502135904 Listed on: 03/16/2023

Last Buyer's Agent

Mary Shean

SPROAT REALTY PROFESSIONALS License #6502135904 Listed on: 03/16/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,030

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 33x99x33x99

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units
  • Woods And Eaton Addition Subdivision

Building Details

  • Manager Expense $1,928
  • Utility Expense $10,008
  • Operating Expense $13,085
  • Gross Income $35,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,030

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 63.69
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 33x99x33x99
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1030.32
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • Location Property Info:Subdivision2: Woods and Eaton Addition
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Basement, Crawl Space, Partial

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 120000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: None
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 33x99x33x99
  • Lot Size Sq Ft: 3485.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 35760.0
  • Manager Expense: 1928.25
  • Number of Units Total: 4
  • Operating Expense: 13085.34

Tax Info

  • Tax Annual Amount: 1030.32
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2006
Sold by
Jenkins Ronald and Jenkins Holly
Bought by
Jew Phyllis
Current Estimated Value
$119,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Outstanding Balance
$47,829
Interest Rate
12.52%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$71,504

Purchase Details

Closed on
Jun 6, 2003
Sold by
Moe Rental Properties Llc
Bought by
Jenkins Ronald and Jenkins Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2000
Sold by
Shinabery Leland K and Shinabery Mary A
Bought by
Moe Michael D and Moe Helen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,800
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jew Phyllis $85,000 Mst
Jenkins Ronald $82,500 --
Moe Michael D $62,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jew Phyllis $63,750
Previous Owner Jenkins Ronald $66,000
Previous Owner Moe Michael D $55,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $107,599 -10.3% --
12/27/2022 12/27/22 For Sale $120,000 -- --
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,676 $45,300 $0 $0
2024 $2,315 $39,000 $0 $0
2023 $926 $36,200 $0 $0
2022 $1,020 $30,300 $0 $0
2021 $1,010 $23,950 $0 $0
2020 $997 $21,600 $0 $0
2019 $970 $14,000 $0 $0
2018 $926 $13,500 $0 $0
2017 $874 $14,050 $0 $0
2016 $753 $19,900 $19,900 $0
2015 $1,210 $14,650 $14,650 $0
2014 $1,210 $19,500 $19,500 $0
2013 -- $19,500 $19,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Shean

    Seller's Agent in 2023

    Mary Shean

    SPROAT REALTY PROFESSIONALS

    (517) 206-3229

    1 in this area

    123 Total Sales

    Mary Shean
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Map

Source: MichRIC

MLS Number: 22051433

MichRIC

APN: 3-001300000

Michigan Jackson County Jackson 49203 Nicholls

601 2nd St, Jackson, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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