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Hillsdale
11447 & 57 Highland Hills Drive
$190,000
● Land - Off Market

11447 & 57 Highland Hills Drive

Jerome, MI 49249
bedrooms
Studio
bathrooms
0 Bath
$196,443
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

2 beautiful LAKEFRONT lots on private Lake LeAnn featuring approximately 120 feet of lake frontage!! Stunning views of this all sports lake and island. Wonderful sandy bottom for your summer swimming fun! 3 inlets. Lots being sold together. Association fees are $300 for both lots ($150 each). Don't miss out on this rare find! Lots located next to park. 5 year program from clean water has been paid in full. Includes lot 11457 Highland Hills. Buyer to be responsible for half of the sellers closing costs.
Unit Size
-
Days on Market
-
Land Size
0.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$25
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: 3 years ago (MichRIC MLS #22015281)

Price History

Date / Event Date Event Price
Aug 16, 2022 Sold
Premium
Sold
Apr 29, 2022 Listed by RE/MAX MID-MICHIGAN R.E. $190,000
Listed by RE/MAX MID-MICHIGAN R.E.
Oct 1, 1989 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: 11,718
  • Lot Size Depth Feet: 1,940
  • Lot Size Frontage Feet: 600
  • 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: HIGHLAND HILLS SUB
  • Land Acres: 0000000269
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: LOT 47 HIGHLAND HILLS SUB SEC 4 T5S R1W

Neighborhood

  • School District Name: Hanover-Horton Schools
  • Census Tract: 050102

Zoning

  • Zoning: RL1

Geography

  • District: 04
  • Parcel: 04-065-001-048
  • Lot: 47
  • Meridian: SEC 04 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0716
  • Longitude: -84.4323

    Address

  • Full Address: 11447 Highland Hills Dr
  • Address - House Number: 11447
  • Address - Street Name: Highland Hills
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R042
  • 4-Digit Zip Code: 9588
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $100,931
  • Initial Tax Delinquent Year: 2021

    Market Valuation

  • Market Total Value: $58,077
  • Market Land Value: $58,077

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,040

    Sales

  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 592995
  • Previous Sale Recording Date: Jun 01, 1990
  • Previous Sale Contract Date: Jun 01, 1990
  • Previous Sale Document Type: 27

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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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

$151

Below Asking

0.02%

Average Days on Market

60

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

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MichRIC

Listed by: SHARON A. NORTON, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22015281
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 11447 Highland Hills Drive built and last sold?
The property at 11447 Highland Hills Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 11447 Highland Hills Drive is $191,900.
What are some comparable homes to 11447 Highland Hills Drive?
There are currently no comparable homes to 11447 Highland Hills Drive.
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