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Hillsdale
11521 N Lake Side Drive
$595,000
● House - Off Market

11521 N Lake Side Drive

Jerome, MI 49249
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,048 Ft²
$3,720
Est. Monthly
$14
HOA / Fees
2.05%
Cap Rate

About This Property

Lakefront home on Lake LeAnn!  This beautiful lakefront home, has been recently updated throughout.  Including a new main floor open concept kitchen and a second kitchen on the lower level.  All focused on spectacular views and abundant natural light.  With 65 feet of frontage and 2 docks include, there is plenty of space to enjoy lake life to its fullest.  Main floor has 2 bedrooms and a completely remodeled full bathroom with spacious walk in shower with glass surround.  Lower Level features 1 bedroom, a full bath along with an 2nd full kitchen and living room and great views.  Expansive Lakeside deck and patio.  CENTRAL AC.  Attached Garage.  Plenty of room for storage.  Near end of Cul-de-sac.  Updated Electrical panel.
Unit Size
2,048 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$293
Property Type
House
Property Taxes
$759
HOA Dues
$14
Year Built
1969

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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 #24024415)

Price History

Date / Event Date Event Price
Jul 3, 2024 Sold
Premium
Sold
Jun 4, 2024 In contract -
In contract
Jun 4, 2024 Price Decreased $599,900
↓ $50K (7.7%)
Price Decreased
May 23, 2024 Price Decreased $649,900
↓ $25K (3.7%)
Price Decreased
May 16, 2024 Listed by ERA REARDON - BROOKLYN $675,000
Listed by ERA REARDON - BROOKLYN
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,024
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,757
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,024
  • Gross Building Area: 1,024
  • Building Area: 1,024
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,024
  • 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: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 51 LAKE LE ANN - GRAND POINT

Neighborhood

  • School District Name: Addison Community Schools
  • Census Tract: 050102

Zoning

  • Zoning: RL1

Geography

  • District: 04
  • Parcel: 04-115-001-052
  • Lot: 51
  • Municipality: SOMERSET TWP
  • Latitude: 42.0605
  • Longitude: -84.4309

    Address

  • Full Address: 11521 N Lake Side Dr
  • Address - House Number: 11521
  • Street Direction: N
  • Address - Street Name: Lake Side
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R041
  • 4-Digit Zip Code: 9749
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $223,337

    Appraisal Valuation

  • Standard Deviation: 0.3535
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 29
  • Final Value: 469,312
  • High Value: 635,247
  • Low Value: 303,376

    Market Valuation

  • Market Total Value: $400,422
  • Market Land Value: $54,275
  • Market Improvement Value: $346,147

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,580

    Sales

  • Current Sale Contract Date: Aug 09, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 592992
  • Previous Sale Recording Date: May 02, 2005
  • Previous Sale Contract Date: Apr 21, 2005
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: 27
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

Unit for rent at 11939 Greenbriar Drive, Jerome, MI, 49249

$3,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,400 ft²
11939 Greenbriar Drive, Jerome, MI, 49249 Listing by Mark Riggle

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Jason Aldrich, ERA REARDON - BROOKLYN
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24024415
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 11521 North Lake Side Drive built and last sold?
The property at 11521 North Lake Side Drive was built in 1969 and last sold on Aug 9, 2022 for $427,000.
How much is this home worth?
The estimated value of the home located at 11521 North Lake Side Drive is $642,681.
What are some comparable homes to 11521 North Lake Side Drive?
There are currently no comparable homes to 11521 North Lake Side Drive.
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