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Whitmore Lake 48189
255 Fairmount
$139,000
● House - Off Market

255 Fairmount

Whitmore Lake, MI 48189
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,426 Ft²
$262,670
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

Enjoy Deeded Access To All Sports Horseshoe Lake With This Lovely 3 Brm, 2 Ba Home.  Situated Just Minutes From Us 23 For Commuters. Enjoy Evenings On The Spacious Deck Underneath Towering Shade Trees, And Lush Landscaping. Spacious Kitchen W/ All Appliances Included.,   Primary Bath
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$95
Property Type
House
Property Taxes
$227
HOA Dues
$3
Year Built
1989

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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 #23096808)

Price History

Date / Event Date Event Price
Sep 9, 2013 Sold
Premium
Sold
May 17, 2013 Listed by RE/MAX Platinum $135,000
Listed by RE/MAX Platinum

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 432
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,013
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,426
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HORSESHOE LAKE DEV CO SHADY BE
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OWNER REQUEST NO 38-703B LOTS 707 & 708 HORSESHOE LAKE DEVELOPMENT CO'S SHADYBEACH SUBDIVISION.SPLIT ON 07/26/2001 FROM B

Neighborhood

  • School District Name: Whitmore Lake Public Schools
  • School Tax School District: WHITMORE LAKE
  • Census Tract: 465002

Zoning

  • Zoning: SR2-SINGLE

Geography

  • District: B
  • Parcel: B -02-17-262-034
  • Block: 262
  • Lot: 707-708
  • Meridian: SEC 17 TWN 1S RNG 6E
  • Municipality: NORTHFIELD TWP
  • Latitude: 42.396
  • Longitude: -83.7616

    Address

  • Full Address: 255 Fairmount St
  • Address - House Number: 255
  • Address - Street Name: Fairmount
  • Address - Suffix Type: St
  • State: MI
  • City Name: Whitmore Lake
  • Carrier Code: R087
  • 4-Digit Zip Code: 9581
  • Zip Code: 48189

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $70,403
  • Tax Rate Code Area: B -02

    Appraisal Valuation

  • Standard Deviation: 0.1886
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 75
  • Final Value: 301,754
  • High Value: 358,674
  • Low Value: 244,833

    Market Valuation

  • Market Total Value: $218,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $109,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 12, 2013
  • Current Sale Recording Date: Sep 09, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6165471
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 Whitmore Lake

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1456 ft²

Average Home Age

47 years

Currently For Sale

1 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: Mary Robertson, RE/MAX Platinum
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23096808
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 255 Fairmount Drive built and last sold?
The property at 255 Fairmount Drive was built in 1989 and last sold on Aug 12, 2013 for $139,000.
How much is this home worth?
The estimated value of the home located at 255 Fairmount Drive is $0.
What are some comparable homes to 255 Fairmount Drive?
There are currently no comparable homes to 255 Fairmount Drive.
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