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Hillsdale
12163 Grandview Drive
$230,000
● House - Off Market

12163 Grandview Drive

Jerome, MI 49249
bedrooms
2 Beds
bathrooms
1 Bath
square feet
960 Ft²
$1,679
Est. Monthly
$510
HOA / Fees
7.53%
Cap Rate

About This Property

Welcome to Grandview Dr and The Lake Leann Association. This beautiful home comes with 3 lots and has access to the beautiful Lake Leann. You are welcomed with a well finished attached 2 Car Garage, an additional detached garage for all of your storage, and a nice fenced in yard. The home is well updated with 2 Full bedrooms, 1 Full bath, a Main level laundry room, an open floor plan, and a great 4 seasons room for comfort. Move in ready and ready for you!
Unit Size
960 Ft²
Days on Market
15 days
Land Size
0.73 acres
Price per sqft
$219
Property Type
House
Property Taxes
$138
HOA Dues
$510
Year Built
1971

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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: 2 years ago (MichRIC MLS #25033375)

Price History

Date / Event Date Event Price
Jul 24, 2025 Sold
Premium
Sold
Jul 13, 2025 In contract -
In contract
Jul 9, 2025 Listed by The Charles Reinhart Company $209,900
Listed by The Charles Reinhart Company
Jul 30, 1998 Sold
Premium
Sold
May 15, 1997 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 960
  • Garage Type: 7
  • Garage Square Area: 1,188
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 600
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • 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: 0000000450
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 91 & 92 LAKE LE ANN - GRAND VIEW SEC 10 T5S R1W SPLIT ON 01/11/2006 FROM 04 130 001 091, 04 130 001 092;

Neighborhood

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

Zoning

  • Zoning: RU1

Geography

  • District: 04
  • Parcel: 04-130-001-113
  • Lot: 91,92
  • Meridian: SEC 10 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 42.0563
  • Longitude: -84.418

    Address

  • Full Address: 12163 Grandview Dr
  • Address - House Number: 12163
  • Address - Street Name: Grandview
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R041
  • 4-Digit Zip Code: 9734
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $67,966

    Appraisal Valuation

  • Standard Deviation: 0.3535
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 29
  • Final Value: 185,918
  • High Value: 251,653
  • Low Value: 120,182

    Market Valuation

  • Market Total Value: $172,333
  • Market Land Value: $4,715
  • Market Improvement Value: $167,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,480

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 30, 1998
  • Current Sale Recording Date: Jul 30, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 15, 1997
  • Previous Sale Contract Date: May 15, 1997
  • Previous Sale Amount: $4,500
  • 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

Rentals Near You

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MichRIC

Listed by: Blake Wyant, The Charles Reinhart Company
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25033375
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 12163 Grandview Drive built and last sold?
The property at 12163 Grandview Drive was built in 1971 and last sold on Jul 30, 1998 for $75,000.
How much is this home worth?
The estimated value of the home located at 12163 Grandview Drive is $0.
What are some comparable homes to 12163 Grandview Drive?
There are currently no comparable homes to 12163 Grandview Drive.
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