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Hillsdale
11470 Oakwood Drive
$493,976
● House - Off Market

11470 Oakwood Drive

Jerome, MI 49249
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,834 Ft²
$3,011
Est. Monthly
$15
HOA / Fees
4.65%
Cap Rate

About This Property

Beautiful custom built ranch home by Oak Ridge Homes. 1834 sq ft, 3 bedrroom, 2.5 baths, first floor laundry and open floor plan. Primary bedroom with walk-in closet and bath with double vanity and tile walk-in shower. Call us today to find out how easy it is to build your dream home.
Unit Size
1,834 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$269
Property Type
House
Property Taxes
$571
HOA Dues
$15
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: 2 years ago (MichRIC MLS #25023343)

Price History

Date / Event Date Event Price
May 14, 2025 Listed by IMPACT REAL ESTATE, LLC $493,976
Listed by IMPACT REAL ESTATE, LLC
Jul 8, 2022 Sold
Premium
Sold
Jun 21, 2006 Sold
Premium
Sold
Dec 22, 1993 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

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: 11,805
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 1,780
  • 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: LAKE LE ANN - ROYAL SHORES
  • Land Acres: 0000000271
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: LOT 108 LAKE LE ANN - ROYAL SHORES SEC 4 T5S R1W

Neighborhood

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

Zoning

  • Zoning: RL1

Geography

  • District: 04
  • Parcel: 04-180-001-111
  • Lot: 108
  • Meridian: SEC 04 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.064
  • Longitude: -84.4312

    Address

  • Full Address: 11470 Oakwood Dr
  • Address - House Number: 11470
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R042
  • 4-Digit Zip Code: 9847
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,876

    Market Valuation

  • Market Total Value: $6,255
  • Market Land Value: $6,255

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,130

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 592092
  • Previous Sale Recording Date: Jun 21, 2006
  • Previous Sale Contract Date: May 24, 2006
  • Previous Sale Amount: $13,000
  • 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

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MichRIC

Listed by: TRACY SNYDER, IMPACT REAL ESTATE, LLC
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25023343
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 11470 Oakwood Drive built and last sold?
The property at 11470 Oakwood Drive was built in and last sold on Jul 7, 2022 for $13,500.
How much is this home worth?
The estimated value of the home located at 11470 Oakwood Drive is $0.
What are some comparable homes to 11470 Oakwood Drive?
There are currently no comparable homes to 11470 Oakwood Drive.
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