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Hillsdale 49233
10816 EMERALD DR
$124,000
● House - Off Market

10816 EMERALD DR

Cement City, MI 49233
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,215 Ft²
$340,692
RealtyHop Estimate
128.65%
Since Mar 1, 2012
National-US
Primary Model

About This Property

Great view of main lake from the living room and family room on this tree shaded lot with a huge deck on the upper level and a nice patio on the lower level.  Bathroom and kitchen have been completely remodeled within the last two years.  The recently installed wood floor in the living room and kitchen is  gorgeous.  New carpet in the entrance foyer and both bedrooms.  This is a great buy at this price!
Unit Size
1,215 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$123
Property Type
House
Property Taxes
$132
HOA Dues
$10
Year Built
1968

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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 #21069460)

Price History

Date / Event Date Event Price
Mar 5, 2020 Sold
Premium
Sold
Nov 13, 2019 Listed by REMERICA SOMERSET REALTY $259,000
Listed by REMERICA SOMERSET REALTY
Feb 22, 2012 Sold
Premium
Sold
May 24, 2011 Listed by REMERICA SOMERSET REALTY $149,000
Listed by REMERICA SOMERSET REALTY

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 18
  • 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: 12,589
  • Lot Size Depth Feet: 1,810
  • Lot Size Frontage Feet: 790
  • Total Building Area: 768
  • Gross Building Area: 1,536
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE SOMERSET - HILLANDALE
  • Land Acres: 0000000289
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 45 LAKE SOMERSET - HILLANDALE SEC 11 T5S R1W

Neighborhood

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

Zoning

  • Zoning: RL1

Geography

  • District: 04
  • Parcel: 04-195-001-046
  • Lot: 45
  • Meridian: SEC 11 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0543
  • Longitude: -84.3869

    Address

  • Full Address: 10816 Emerald Dr
  • Address - House Number: 10816
  • Address - Street Name: Emerald
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Cement City
  • Carrier Code: R032
  • 4-Digit Zip Code: 9615
  • Zip Code: 49233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $110,374

    Appraisal Valuation

  • Standard Deviation: 0.2597
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 63
  • Final Value: 349,447
  • High Value: 440,230
  • Low Value: 258,663

    Market Valuation

  • Market Total Value: $223,750
  • Market Land Value: $96,134
  • Market Improvement Value: $127,616

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,330

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 27, 2020
  • Current Sale Recording Date: Mar 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 22, 2012
  • Previous Sale Contract Date: Feb 16, 2012
  • Previous Sale Amount: $124,000
  • 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

Rentals Near You

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MichRIC

Listed by: CLAIRE HALLIWILL, REMERICA SOMERSET REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21069460
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 10816 Emerald Drive built and last sold?
The property at 10816 Emerald Drive was built in 1968 and last sold on Feb 27, 2020 for $242,000.
How much is this home worth?
The estimated value of the home located at 10816 Emerald Drive is $0.
What are some comparable homes to 10816 Emerald Drive?
There are currently no comparable homes to 10816 Emerald Drive.
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