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Hillsdale
10903 Grandview Circle
$207,000
● House - Off Market

10903 Grandview Circle

Jerome, MI 49249
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,728 Ft²
$1,062
Est. Monthly
$28
HOA / Fees
18.44%
Cap Rate

About This Property

ALL OFFERS DUE BY 7 PM 6/7/24. Welcome to your charming retreat near Lake Leann, in Jerome, MI! This spacious 4 bedroom, 1.5 bathroom home sits on large lot with breathtaking wooded views. Enjoy  peaceful surroundings from the comfort of your own backyard.  This beautiful property has a new septic system installed in 2024, providing you with peace of mind for years to come. With access to Lake Leann, you can indulge in water activities just steps away from your front door. The interior of this home is nicely updated with newer windows & roof, ensuring a comfortable living experience. A convenient shed on the property offers additional storage space for all your outdoor equipment.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$113
Property Type
House
Property Taxes
$75
HOA Dues
$28
Year Built
-

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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 #24027953)

Price History

Date / Event Date Event Price
Jul 15, 2024 Sold
Premium
Sold
Jun 9, 2024 In contract -
In contract
Jun 4, 2024 Listed by ERA REARDON REALTY, L.L.C. $195,000
Listed by ERA REARDON REALTY, L.L.C.
Jan 22, 2007 Sold
Premium
Sold
Mar 2, 2006 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,058
  • Lot Size Depth Feet: 2,030
  • Lot Size Frontage Feet: 550
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LE ANN - GRAND
  • Land Acres: 0000000713
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 73 & 74 LAKE LE ANN - GRAND VIEW SEC 10 T5S R1W SPLIT ON 12/08/1999 FROM 04 130 001 07304 130 001 074;

Neighborhood

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

Zoning

  • Zoning: RU1

Geography

  • District: 04
  • Parcel: 04-130-001-109
  • Lot: 73,74
  • Meridian: SEC 10 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0574
  • Longitude: -84.4189

    Address

  • Full Address: 10903 Grandview Dr
  • Address - House Number: 10903
  • Address - Street Name: Grandview
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R041
  • 4-Digit Zip Code: 9621
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $36,937

    Appraisal Valuation

  • Standard Deviation: 0.3535
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 29
  • Final Value: 79,068
  • High Value: 107,024
  • Low Value: 51,111

    Market Valuation

  • Market Total Value: $86,335
  • Market Land Value: $4,494
  • Market Improvement Value: $81,841

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,530

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 10, 2007
  • Current Sale Recording Date: Jan 22, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 02, 2006
  • Previous Sale Contract Date: Feb 24, 2006
  • Previous Sale Amount: $86,037
  • Previous Sale Document Type: 64
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

1905 ft²

Average Home Age

88.5 years

Currently For Sale

106 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Jodi Burns, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24027953
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 10903 Grandview Drive built and last sold?
The property at 10903 Grandview Drive was built in and last sold on Jan 10, 2007 for $70,000.
How much is this home worth?
The estimated value of the home located at 10903 Grandview Drive is $200,223.
What are some comparable homes to 10903 Grandview Drive?
There are currently no comparable homes to 10903 Grandview Drive.
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