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Hillsdale
11850 N Lake Side Drive
$37,500
● Land - Off Market

11850 N Lake Side Drive

Jerome, MI 49249
bedrooms
Studio
bathrooms
0 Bath
$283
Est. Monthly
$15
HOA / Fees

About This Property

Great waterfront lot/lots on All-sports private Lake LeAnn. See MLS # 25010101 to additional adjacent waterfront lot!
Unit Size
-
Days on Market
107 days
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$47
HOA Dues
$15
Year Built
-

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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 years ago (MichRIC MLS #25010096)

Price History

Date / Event Date Event Price
Jul 2, 2025 Sold
Premium
Sold
Jun 6, 2025 In contract -
In contract
Mar 17, 2025 Listed by RE/MAX IRISH HILLS REALTY $45,000
Listed by RE/MAX IRISH HILLS REALTY
Mar 4, 2025 No longer available -
No longer available
Feb 8, 2024 Listed by RE/MAX IRISH HILLS REALTY $75,000
Listed by RE/MAX IRISH HILLS REALTY
Great waterfront lot/lots. Perfect building site for Ranch with walkout basement. Plenty of room for 2+ car garage. Financing 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: 9,888
  • Lot Size Depth Feet: 1,630
  • 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 - GRAND
  • Land Acres: 0000000227
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: LOT 89 LAKE LE ANN - GRAND POINT

Neighborhood

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

Zoning

  • Zoning: RL1

Geography

  • District: 04
  • Parcel: 04-115-001-090
  • Lot: 89
  • Municipality: SOMERSET TWP
  • Latitude: 42.0616
  • Longitude: -84.4231

    Address

  • Full Address: 11850 N Lake Side Dr
  • Address - House Number: 11850
  • Street Direction: N
  • Address - Street Name: Lake Side
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R041
  • 4-Digit Zip Code: 9648
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,103

    Market Valuation

  • Market Total Value: $53,635
  • Market Land Value: $53,635

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,820

    Sales

  • Current Sale Contract Date: Jun 28, 2006
  • Current Sale Recording Date: Jun 29, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 15, 1993
  • Previous Sale Contract Date: May 15, 1993
  • Previous Sale Amount: $11,500
  • 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

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MichRIC

Listed by: Mark Riggle, RE/MAX IRISH HILLS REALTY
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25010096
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 11850 North Lake Side Drive built and last sold?
The property at 11850 North Lake Side Drive was built in and last sold on Jun 28, 2006 for $64,500.
How much is this home worth?
The estimated value of the home located at 11850 North Lake Side Drive is $0.
What are some comparable homes to 11850 North Lake Side Drive?
There are currently no comparable homes to 11850 North Lake Side Drive.
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