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Hillsdale
11965 Bunday Drive
$160,000
● House - Off Market

11965 Bunday Drive

Jerome, MI 49249
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,204 Ft²
$1,125
Est. Monthly
$21
HOA / Fees
15.38%
Cap Rate

About This Property

BACK ON THE MARKET!  Dreaming of affordable lake-life living?  With a beautiful location and Lake LeAnn access, this large family home is just waiting for your finishing touches!  Some projects have already been completed.  Home hosts a new roof, gutters, siding and expansive refaced deck with lake views.  The five bedrooms, 2 baths (one of which has been completely remodeled) and finished basement will allow your family plenty room to sprawl out.  Build instant equity by completing the last renovations yourself.  You may also enjoy mooring rights through the association based on a first-come, first-serve application process.  In addition, this home is being sold with an additional lot parcel # 04-130-001-036 giving you nearly 1/2 acre of prime real estate.  Amazing opportunit
Unit Size
2,204 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$88
Property Type
House
Property Taxes
$157
HOA Dues
$21
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: 3 years ago (MichRIC MLS #24027233)

Price History

Date / Event Date Event Price
Aug 28, 2024 Sold
Premium
Sold
Jul 22, 2024 In contract -
In contract
Jul 10, 2024 Price Decreased $192,900
↓ $2K (1.1%)
Price Decreased
Jun 26, 2024 Relisted $195,000
Relisted
Jun 16, 2024 In contract -
In contract
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,540
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,100
  • Gross Building Area: 2,200
  • Building Area: 1,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,100
  • 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: 0000000219
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 35 LAKE LE ANN - GRAND VIEW SEC 9 T5S R1W

Neighborhood

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

Zoning

  • Zoning: RL1

Geography

  • District: 04
  • Parcel: 04-130-001-035
  • Lot: 35
  • Meridian: SEC 09 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0539
  • Longitude: -84.4213

    Address

  • Full Address: 11965 Bunday Dr
  • Address - House Number: 11965
  • Address - Street Name: Bunday
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $78,573

    Appraisal Valuation

  • Standard Deviation: 0.3535
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 29
  • Final Value: 221,146
  • High Value: 299,337
  • Low Value: 142,954

    Market Valuation

  • Market Total Value: $200,686
  • Market Land Value: $5,365
  • Market Improvement Value: $195,321

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $101,530

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 22, 2015
  • Current Sale Recording Date: Oct 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 01, 2013
  • Previous Sale Contract Date: Jul 26, 2013
  • Previous Sale Amount: $43,500
  • Previous Sale Document Type: 64
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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MichRIC

Listed by: Christy Cottingham, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24027233
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 11965 Bunday Drive built and last sold?
The property at 11965 Bunday Drive was built in and last sold on Oct 22, 2015 for $72,250.
How much is this home worth?
The estimated value of the home located at 11965 Bunday Drive is $196,950.
What are some comparable homes to 11965 Bunday Drive?
There are currently no comparable homes to 11965 Bunday Drive.
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