For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Hillsdale
11140 Opel Drive
$140,000
● House - Off Market

11140 Opel Drive

Jerome, MI 49249
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,352 Ft²
$782
Est. Monthly
19.70%
Cap Rate

About This Property

Make an offer. Great opportunity for a 3 bedroom 2 bath home that sits on an unfinished basement with a shed on .32 acres. The property is located just off of Baker road south of US 12 for easy commuting. This home has a nice floor plan with an open Kitchen and dining space centrally located with a large opening to the living room. The primary suite sets at the opposite end of the home from the other two bedrooms and bath. There is plenty of storage. Schedule your tour today.
Unit Size
1,352 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$107
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
1997

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MichRIC MLS #24041806)

Price History

Date / Event Date Event Price
Dec 2, 2024 Sold
Premium
Sold
Oct 20, 2024 In contract -
In contract
Oct 16, 2024 Relisted $145,000
Relisted
Sep 18, 2024 No longer available -
No longer available
Aug 27, 2024 Relisted $145,000
Relisted
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 13,939
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 940
  • Total Building Area: 1,352
  • Gross Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWS SUB
  • Land Acres: 0000000320
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 8 BAKER MEADOWS SEC 16 T5S R1W

Neighborhood

  • School District Name: North Adams-Jerome Schools
  • Census Tract: 050102

Zoning

  • Zoning: RM1

Geography

  • District: 04
  • Parcel: 04-040-001-008
  • Lot: 8
  • Meridian: SEC 16 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.031
  • Longitude: -84.4377

    Address

  • Full Address: 11140 Opel Dr
  • Address - House Number: 11140
  • Address - Street Name: Opel
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R043
  • 4-Digit Zip Code: 9786
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,247

    Appraisal Valuation

  • Standard Deviation: 0.3535
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 29
  • Final Value: 56,565
  • High Value: 76,564
  • Low Value: 36,565

    Market Valuation

  • Market Total Value: $68,224
  • Market Land Value: $2,844
  • Market Improvement Value: $65,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,550

    Sales

  • Current Sale Contract Date: Dec 28, 2012
  • Current Sale Recording Date: Jan 02, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 09, 2004
  • Previous Sale Contract Date: Nov 02, 2004
  • Previous Sale Amount: $73,500
  • Previous Sale Document Type: 51
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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Korey Rowlson, Five Star Real Estate-Jackson
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24041806
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 11140 Opel Drive built and last sold?
The property at 11140 Opel Drive was built in 1997 and last sold on Dec 28, 2012 for $37,500.
How much is this home worth?
The estimated value of the home located at 11140 Opel Drive is $0.
What are some comparable homes to 11140 Opel Drive?
There are currently no comparable homes to 11140 Opel Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Somerset Homes for Sale
Somerset Houses for Sale
Somerset Land for Sale
Somerset Commercial for Sale
Somerset Homes with Basements
Somerset Homes with Pools
Somerset Homes with Parking
Somerset Homes with Garages
Nearby Cities
Brooklyn Homes for Sale
Manitou Beach-Devils Lake Homes for Sale
Addison Homes for Sale
Hanover Homes for Sale
North Adams Homes for Sale
Cement City Homes for Sale
Nearby Property Records
Jackson County, MI Property Records
Hillsdale County, MI Property Records
Lenawee County, MI Property Records
Branch County, MI Property Records
Calhoun County, MI Property Records
Williams County, OH Property Records
Fulton County, OH Property Records
Washtenaw County, MI Property Records
Nearby Counties
Columbia Homes for Sale
Woodstock Homes for Sale
Liberty Homes for Sale
Hanover Homes for Sale
Rollin Homes for Sale
Adams Homes for Sale
Moscow Homes for Sale
Wheatland Homes for Sale
Top Real Estate Agents
Top Agents in Somerset
Top Agents in Columbia
Top Agents in 49233
Top Agents in Woodstock
Top Agents in Liberty
Top Agents in Hanover
Top Agents in 49253
Top Agents in Rollin