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Hillsdale
11576 Grand Point Drive
$611,000
● House - Off Market

11576 Grand Point Drive

Jerome, MI 49249
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,678 Ft²
$668,931
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

MAGNIFICENT LAKE LEANN LAKEFRONT HOME COMPLETEY RENOVATED FROM THE STUDS IN 2019!  Literally move right in to this Modernized Lake Home, with 97 Ft of Private Lake Front encapsulated by Mature Trees! Updates include EVERYTHING!! Roof, Windows, Siding, Stone Landscaping, Trex Decking Front and Back, Extra Wide Cement Drive, Covered Patio. Brand New Kitchen by Jenna Design, Superior Samsung Stainless Appliances including built-in Oven. Master Suite on Main Level, New Waterproof Flooring, throughout. Vaulted Ceilings in Living room featuring Fireplace. Two 16' Docks Stay. Hardwired Generac Whole Home Generator. Potential for Two Separate Living areas  with Keyed Access to Basement Suite ft. Full Kitchen and Living room, 2 beds, 1 full bath. Located on the Most Popular Bay on the North Lake!
Unit Size
2,678 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$224
Property Type
House
Property Taxes
$347
HOA Dues
$10
Year Built
1976

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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 #21106659)

Price History

Date / Event Date Event Price
Nov 10, 2021 Sold
Premium
Sold
Sep 18, 2021 Listed by ERA REARDON REALTY, L.L.C. $599,900
Listed by ERA REARDON REALTY, L.L.C.
Jun 13, 2017 Sold
Premium
Sold
Oct 9, 1976 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,352
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,153
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 970
  • 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: LAKE LE ANN - GRAND
  • Land Acres: 0000000279
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 69 LAKE LE ANN - GRAND POINT

Neighborhood

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

Zoning

  • Zoning: RL1

Geography

  • District: 04
  • Parcel: 04-115-001-070
  • Lot: 69
  • Municipality: SOMERSET TWP
  • Latitude: 42.0621
  • Longitude: -84.4289

    Address

  • Full Address: 11576 Grand Point Dr
  • Address - House Number: 11576
  • Address - Street Name: Grand Point
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R041
  • 4-Digit Zip Code: 9750
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $272,136

    Appraisal Valuation

  • Standard Deviation: 0.3535
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 29
  • Final Value: 363,674
  • High Value: 492,258
  • Low Value: 235,089

    Market Valuation

  • Market Total Value: $538,471
  • Market Land Value: $68,342
  • Market Improvement Value: $470,129

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $272,680

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 04, 2021
  • Current Sale Recording Date: Nov 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 13, 2017
  • Previous Sale Contract Date: Jun 02, 2017
  • Previous Sale Amount: $330,000
  • 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

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

Rentals Near You

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MichRIC

Listed by: Jodi Burns, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21106659
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 11576 Grand Point Drive built and last sold?
The property at 11576 Grand Point Drive was built in 1976 and last sold on Nov 4, 2021 for $611,000.
How much is this home worth?
The estimated value of the home located at 11576 Grand Point Drive is $596,834.
What are some comparable homes to 11576 Grand Point Drive?
There are currently no comparable homes to 11576 Grand Point Drive.
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