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Jackson 49230
218 Somerset Dr
$132,000
● House - Off Market

218 Somerset Dr

Brooklyn, MI 49230
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
896 Ft²
$222,164
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Lake Columbia, 840 acre private all sports lake. Fishing, parks and beaches. Four year old, 896 sq. ft. 2 bedroom, 1.5 bath. Open kitchen, eating area and living room. 32'x10' wood deck, facing west. Lower area 32'x28' heated four car garage with 1/2 bath and workshop area. Paved road, natural gas, well, lake sewer system (paid).  Open farm field to south, lake to north and east.  Trash and recycle pickup.  Association fee of $360 yearly includes all lake maintenance and access. 4.5 miles from Michigan International Speedway.
Unit Size
896 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$158
Property Type
House
Property Taxes
$122
HOA Dues
-
Year Built
2012

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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 (MichRIC MLS #48221)

Price History

Date / Event Date Event Price
Feb 27, 2018 Sold
Premium
Sold
Nov 11, 2017 Listed by Real Estate One $142,000
Listed by Real Estate One
Jul 6, 2006 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 896
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Lot Size Depth Feet: 1,144
  • Lot Size Frontage Feet: 1,600
  • Total Building Area: 896
  • Building Area: 896
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 896
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROYAL SHORES
  • Land Acres: 0000000420
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 202 ''ROYAL SHORES''

Neighborhood

  • School District Name: Columbia School District
  • School Tax School District: 38040
  • Census Tract: 006304

Zoning

  • Zoning: RS

Geography

  • Assessors Map Reference: MAPS 132C
  • District: 02
  • Parcel: 000-19-33-426-001-00
  • Lot: 202
  • Municipality: COLUMBIA TWP
  • Latitude: 42.079
  • Longitude: -84.3093

    Address

  • Full Address: 218 Somerset Dr
  • Legal Unit: 202
  • Address - House Number: 218
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R001
  • 4-Digit Zip Code: 9762
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $80,855
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.2346
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 67
  • Final Value: 220,379
  • High Value: 272,101
  • Low Value: 168,657

    Market Valuation

  • Market Total Value: $158,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $79,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 21, 2018
  • Current Sale Recording Date: Feb 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2789339
  • Previous Sale Recording Date: Jul 06, 2006
  • Previous Sale Contract Date: Jun 19, 2006
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: 71
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 Jackson

Stats & Trends

Median Asking:

$233,950

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1881 ft²

Average Home Age

74.7 years

Currently For Sale

416 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: Gene DeRossett, Real Estate One
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 48221
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 218 Somerset Drive built and last sold?
The property at 218 Somerset Drive was built in 2012 and last sold on Feb 21, 2018 for $132,000.
How much is this home worth?
The estimated value of the home located at 218 Somerset Drive is $0.
What are some comparable homes to 218 Somerset Drive?
There are currently no comparable homes to 218 Somerset Drive.
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