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Hillsdale
11770 Penlawn Drive
$6,500
● Land - Off Market

11770 Penlawn Drive

Jerome, MI 49249
bedrooms
Studio
bathrooms
0 Bath
$216
Est. Monthly
$175
HOA / Fees

About This Property

Lake Leann Access Lot - Build your dream home on this Lake Leann lake access lot that overlooks the 3rd hole of the Lake Leann Golf Course! You couldn't ask for more, with boating/docking rights and a golf course right across the street! The best of both worlds! Your Dream home starts here!
Unit Size
-
Days on Market
501 days
Land Size
0.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
$175
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: 8 months ago (MichRIC MLS #24052747)

Price History

Date / Event Date Event Price
Feb 20, 2026 Sold
Premium
Sold
Oct 7, 2024 Listed by RE/MAX MID-MICHIGAN-BROOKLYN $7,500
Listed by RE/MAX MID-MICHIGAN-BROOKLYN
Dec 18, 2020 No longer available -
No longer available
Nov 8, 2020 Relisted $7,500
Relisted
Nov 7, 2020 No longer available -
No longer available
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: 1,200
  • Lot Size Frontage Feet: 750
  • 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 - FAIRWAY HILLS
  • Land Acres: 0000000207
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: LOT 78 LAKE LE ANN - FAIRWAY HILLS SEC 9 T5S R1W

Neighborhood

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

Zoning

  • Zoning: RU1

Geography

  • District: 04
  • Parcel: 04-110-001-078
  • Lot: 78
  • Meridian: SEC 09 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0479
  • Longitude: -84.4252

    Address

  • Full Address: 11770 Penlawn Dr
  • Address - House Number: 11770
  • Address - Street Name: Penlawn
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R043
  • 4-Digit Zip Code: 9770
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,052

    Market Valuation

  • Market Total Value: $3,858
  • Market Land Value: $3,858

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,930

    Sales

  • Current Sale Contract Date: Sep 15, 1991
  • Current Sale Recording Date: Sep 15, 1991
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 15, 1988
  • Previous Sale Contract Date: Jun 15, 1988
  • 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

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: AJ Crownover, RE/MAX MID-MICHIGAN-BROOKLYN
Last Updated: 8 months ago
Data Source: MichRIC, MLS# 24052747
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 11770 Penlawn Drive built and last sold?
The property at 11770 Penlawn Drive was built in and last sold on Sep 15, 1991 for $0.
How much is this home worth?
The estimated value of the home located at 11770 Penlawn Drive is $7,575.
What are some comparable homes to 11770 Penlawn Drive?
There are currently no comparable homes to 11770 Penlawn Drive.
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