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Hillsdale
11685 BRADLEY Drive
$170,000
● House - Off Market

11685 BRADLEY Drive

Jerome, MI 49249
bedrooms
3 Beds
bathrooms
1.5 Baths, 1 Half Bath
square feet
864 Ft²
$1,163
Est. Monthly
$170
HOA / Fees
9.07%
Cap Rate

About This Property

Charming cottage across the street from Lake Leeann, a private all-sports lake. Enjoy serene views across the North Lake from your doorstep. Convenient boat launch nearby. Yearly association fee includes access. Just a 20-minute drive to Michigan International Speedway. Recent upgrades include a fuel-efficient heat pump system installed in 2023. Updates in 2019 include new siding and front windows, while 2020 saw the installation of a new well pump, septic tank, and water softener system. Property is also plumbed for a gas fireplace.

The manager has listed the unit size as 864 square feet.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$197
Property Type
House
Property Taxes
$158
HOA Dues
$170
Year Built
1975

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 (REALCOMPMI #20240026245)

Price History

Date / Event Date Event Price
Jun 27, 2024 Sold
Premium
Sold
May 13, 2024 Listed by NON-MEMBER REALTOR 'LIST' $170,000
Listed by NON-MEMBER REALTOR 'LIST'
Dec 20, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 150
  • 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: 9,583
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 600
  • Total Building Area: 864
  • Gross Building Area: 1,296
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LE ANN - CHERRY PARK
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 265 LAKE LE ANN - CHERRY PARK SEC 4 T5S R1W

Neighborhood

  • School District Name: Addison Community Schools
  • Census Tract: 050101

Zoning

  • Zoning: RU1

Geography

  • District: 04
  • Parcel: 04-090-001-268
  • Lot: 265
  • Meridian: SEC 04 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.066
  • Longitude: -84.4277

    Address

  • Full Address: 11685 Bradley Dr
  • Address - House Number: 11685
  • Address - Street Name: Bradley
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R042
  • 4-Digit Zip Code: 9829
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $46,240

    Appraisal Valuation

  • Standard Deviation: 0.3535
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 29
  • Final Value: 129,722
  • High Value: 175,588
  • Low Value: 83,855

    Market Valuation

  • Market Total Value: $127,104
  • Market Land Value: $5,037
  • Market Improvement Value: $122,067

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,000

    Sales

  • Current Sale Contract Date: Dec 20, 2001
  • Current Sale Recording Date: Dec 20, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 02, 2001
  • Previous Sale Contract Date: Dec 02, 2001
  • Previous Sale Amount: $105,000
  • 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

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

Rentals Near You

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View Original Listing by eXp Realty LLC (248) 937-1337
MPMI-20240026245 Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Listing Status: Pending

Frequently Asked Questions

When was property at 11685 Bradley Drive built and last sold?
The property at 11685 Bradley Drive was built in 1975 and last sold on Dec 20, 2001 for $105,000.
How much is this home worth?
The estimated value of the home located at 11685 Bradley Drive is $0.
What are some comparable homes to 11685 Bradley Drive?
There are currently no comparable homes to 11685 Bradley Drive.
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