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Hillsdale 49233
10535 Sherlock Drive
$12,000
● Land - Off Market

10535 Sherlock Drive

Cement City, MI 49233
bedrooms
Studio
bathrooms
0 Bath
$84
Est. Monthly

About This Property

Perfect cleared lot ready for your boats, future build or just to have for fishing rights to the amazing Lake Somerset!
Unit Size
-
Days on Market
24 days
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$10
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 8 months ago (MichRIC MLS #26007734)

Price History

Date / Event Date Event Price
Mar 27, 2026 Sold
Premium
Sold
Mar 3, 2026 Listed by Century 21 Affiliated - Jackson $15,000
Listed by Century 21 Affiliated - Jackson
Aug 9, 2021 Sold
Premium
Sold
Jun 11, 2020 Listed by HOWARD HANNA REAL ESTATE SERVI $8,500
Listed by HOWARD HANNA REAL ESTATE SERVI
Great building site for your new home! Level lot with no clearing, no mowing and lake access! Located on a quiet, paved street just seconds from US12 giving you quick access to Jackson, Adrian, and Hillsdale. Lake Somerset is a 200 acre all sports, private man made lake governed by a Lake Association offering four well maintained parks with sandy beaches, playground equipment, running water and pavilions. Dues are $150.00 per year. There is presently a dredging fee of $65.00 per year for another three years.
Feb 27, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: LAKE SOMERSET - HILLANDALE
  • Land Acres: 0000000250
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: LOT 167 LAKE SOMERSET - HILLANDALE SEC 11 T5S R1W

Neighborhood

  • School District Name: Addison Community Schools
  • Census Tract: 050101

Zoning

  • Zoning: RU1

Geography

  • District: 04
  • Parcel: 04-195-001-168
  • Lot: 167
  • Meridian: SEC 11 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0522
  • Longitude: -84.3895

    Address

  • Full Address: 10535 Sherlock Dr
  • Address - House Number: 10535
  • Address - Street Name: Sherlock
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Cement City
  • Carrier Code: R032
  • 4-Digit Zip Code: 9653
  • Zip Code: 49233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,764

    Market Valuation

  • Market Total Value: $7,005
  • Market Land Value: $7,005

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,500

    Sales

  • Current Sale Contract Date: Aug 04, 2021
  • Current Sale Recording Date: Aug 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 27, 2004
  • Previous Sale Contract Date: Feb 19, 2004
  • Previous Sale Amount: $12,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hillsdale

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1895 ft²

Average Home Age

88.4 years

Currently For Sale

107 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 13915 Grandpoint Drive, Cement City, MI, 49233

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,056 ft²
13915 Grandpoint Drive, Cement City, MI, 49233 Listing by ERIC ROPP

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: BRETT MILES, Century 21 Affiliated - Jackson
Last Updated: 8 months ago
Data Source: MichRIC, MLS# 26007734
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 10535 Sherlock Drive built and last sold?
The property at 10535 Sherlock Drive was built in and last sold on Aug 4, 2021 for $8,500.
How much is this home worth?
The estimated value of the home located at 10535 Sherlock Drive is $0.
What are some comparable homes to 10535 Sherlock Drive?
There are currently no comparable homes to 10535 Sherlock Drive.
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