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Hillsdale 49233
10649 EMERALD DR
$121,500
● House - Off Market

10649 EMERALD DR

Cement City, MI 49233
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,524 Ft²
$241,306
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

Great house with access to Lake Somerset.  Great views of the lake from the front of the house on both floors.  This house has many updates and just shows great.  New kitchen counters, appliance package, newer 3/4 inch oak wood floors in kitchen, living room, hallways and stairs, ceramic tile in all 3 baths.  Master bedroom on the main floor with full bath and walk-in closet.  Additional 2 bedrooms on 2nd floor with full bath and laundry.  15x25 deck off the back of the house, 2 car attached garage that is insulated.  Storage above garage as well.  House sits on a 4.5' tall crawl space.  Well landscaped yard.  3 different parks available to use.  Boat launch has parking available for vehicle and trailer.   Don't miss out!
Unit Size
1,524 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$85
Property Type
House
Property Taxes
$119
HOA Dues
$10
Year Built
1999

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MichRIC MLS #21087889)

Price History

Date / Event Date Event Price
Oct 20, 2020 Sold
Premium
Sold
Jul 18, 2020 Listed by Five Star Real Estate-Cooper $169,900
Listed by Five Star Real Estate-Cooper
Aug 26, 2014 Sold
Premium
Sold
Jun 25, 2014 Listed by Five Star Real Estate-Cooper $129,900
Listed by Five Star Real Estate-Cooper

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,017
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 920
  • Gross Building Area: 1,552
  • Building Area: 920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 920
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE SOMERSET - HILLANDALE
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 136 LAKE SOMERSET - HILLANDALE SEC 11 T5S R1W

Neighborhood

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

Zoning

  • Zoning: RU1

Geography

  • District: 04
  • Parcel: 04-195-001-137
  • Lot: 136
  • Meridian: SEC 11 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0545
  • Longitude: -84.3894

    Address

  • Full Address: 10649 Emerald Dr
  • Address - House Number: 10649
  • Address - Street Name: Emerald
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Cement City
  • Carrier Code: R032
  • 4-Digit Zip Code: 9037
  • Zip Code: 49233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $83,911

    Appraisal Valuation

  • Standard Deviation: 0.2656
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 239,551
  • High Value: 303,177
  • Low Value: 175,926

    Market Valuation

  • Market Total Value: $180,251
  • Market Land Value: $5,960
  • Market Improvement Value: $174,291

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,690

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Oct 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Aug 26, 2014
  • Previous Sale Contract Date: Aug 20, 2014
  • Previous Sale Amount: $121,500
  • 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

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MichRIC

Listed by: TAD FRENCH, Five Star Real Estate-Cooper
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21087889
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 10649 Emerald Drive built and last sold?
The property at 10649 Emerald Drive was built in 1999 and last sold on Oct 16, 2020 for $169,900.
How much is this home worth?
The estimated value of the home located at 10649 Emerald Drive is $0.
What are some comparable homes to 10649 Emerald Drive?
There are currently no comparable homes to 10649 Emerald Drive.
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