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Hillsdale
11500 Rutan Circle
Photo of 11500 Rutan Circle

2

Map

Photo of 11500 Rutan Circle
$7,900
● Land - Off Market

11500 Rutan Circle

Jerome, MI 49249
bedrooms
Studio
bathrooms
0 Bath
$63
Est. Monthly
$14
HOA / Fees

About This Property

Wooded vacant lot with access to beautiful Lake LeAnn! Nestled in a quiet, peaceful location, this property is an excellent spot to build your dream home or weekend retreat.  Property owners enjoy Lake LeAnn Association amenities, including private boat launches, parks, and mooring opportunities. Annual association fee is just $170.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
$10
HOA Dues
$14
Year Built
-

Payment Calculator

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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 months ago (MichRIC MLS #25047510)

Price History

Date / Event Date Event Price
Oct 1, 2026 No longer available -
No longer available
Mar 28, 2026 Price Decreased $7,900
↓ $1K (12.2%)
Price Decreased
Sep 16, 2025 Listed by ERA Reardon Realty, L.L.C. $9,000
Listed by ERA Reardon Realty, L.L.C.
Jul 15, 2025 Sold
Premium
Sold
Oct 14, 2024 Relisted $8,000
Relisted
Show More

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: 9,017
  • Lot Size Depth Feet: 1,500
  • 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: LAKE LE ANN - GREENBRIAR
  • Land Acres: 0000000207
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: LOT 204 LAKE LE ANN - GREENBRIAR PLAT TWO SEC 5 T5S R1W

Neighborhood

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

Zoning

  • Zoning: RU1

Geography

  • District: 04
  • Parcel: 04-140-001-058
  • Lot: 204
  • Meridian: SEC 05 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0661
  • Longitude: -84.4442

    Address

  • Full Address: 11500 Rutan Cir
  • Address - House Number: 11500
  • Address - Street Name: Rutan
  • Address - Suffix Type: Cir
  • State: MI
  • City Name: Jerome
  • Carrier Code: R042
  • 4-Digit Zip Code: 9662
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,350

    Market Valuation

  • Market Total Value: $4,877
  • Market Land Value: $4,877

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,440

    Sales

  • Current Sale Contract Date: Sep 15, 2017
  • Current Sale Recording Date: Sep 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 10, 2017
  • Previous Sale Contract Date: Feb 08, 2017
  • Previous Sale Amount: $5,000
  • Previous Sale Document Type: 44
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

1899 ft²

Average Home Age

88.3 years

Currently For Sale

108 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: Jill Baker, ERA Reardon Realty, L.L.C.
Last Updated: 2 months ago
Data Source: MichRIC, MLS# 25047510
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 11500 Rutan Circle built and last sold?
The property at 11500 Rutan Circle was built in and last sold on Sep 15, 2017 for $5,000.
How much is this home worth?
The estimated value of the home located at 11500 Rutan Circle is $7,979.
What are some comparable homes to 11500 Rutan Circle?
There are currently no comparable homes to 11500 Rutan Circle.
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