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Jackson
257 Westshore Drive
$379,000
● House - Off Market

257 Westshore Drive

Jerome, MI 49249
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,496 Ft²
$2,238
Est. Monthly
$8
HOA / Fees
6.72%
Cap Rate

About This Property

ESCAPE TO THE LAKE IN THIS TRUE NORTHERN MICHIGAN SETTING! Nature's beauty is getting ready to shine & there's no better seat for panoramic main-lake views than this expansive wrap around deck overlooking Mirror Lake. Tucked into the Irish Hills, you'll fall in love w/the peaceful setting, elevated views & vaulted ceilings. Lined w/walls of windows & Mid-century modern lines of architecture, wood beams carry throughout the open concept main floor. Finished walkout lower level offers a spacious living rm, wood stove & wet bar. The exterior of the home was just freshly painted & new roof 2021. Oversized 1 car garage & covered patio that could easily become a screened/enclosed porch or carport. Mirror Lake is a private lake w/park just down the rd. Discover Mirror Lk @ www.mirrorlakemi.org
Unit Size
1,496 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$253
Property Type
House
Property Taxes
$368
HOA Dues
$8
Year Built
1977

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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 #24049181)

Price History

Date / Event Date Event Price
Jan 17, 2025 Sold
Premium
Sold
Dec 17, 2024 In contract -
In contract
Sep 17, 2024 Listed by RE/MAX MID-MICHIGAN R.E. $379,000
Listed by RE/MAX MID-MICHIGAN R.E.
May 1, 1993 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 768
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,157
  • Lot Size Depth Feet: 1,601
  • Lot Size Frontage Feet: 750
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MIRROR LAKE 1
  • Land Acres: 0000000325
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 204 ''MIRROR LAKE NO 1''

Neighborhood

  • School District Name: Hanover-Horton Schools
  • School Tax School District: 38100
  • Census Tract: 006301

Zoning

  • Zoning: RL-1

Geography

  • Assessors Map Reference: MAPS MIRROR
  • District: 08
  • Parcel: 074-18-33-456-012-00
  • Lot: 204
  • Municipality: LIBERTY TWP
  • Latitude: 42.0807
  • Longitude: -84.4269

    Address

  • Full Address: 257 W Shore Dr
  • Legal Unit: 204
  • Address - House Number: 257
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R042
  • 4-Digit Zip Code: 9420
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $246,527
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.1898
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 74
  • Final Value: 317,058
  • High Value: 377,258
  • Low Value: 256,859

    Market Valuation

  • Market Total Value: $234,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 1993
  • Current Sale Recording Date: May 01, 1993
  • Current Sale Price:
    Premium
  • Current 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:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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: Stephanie Bosanac-Mortimer, RE/MAX MID-MICHIGAN R.E.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24049181
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 257 Westshore Drive built and last sold?
The property at 257 Westshore Drive was built in 1977 and last sold on May 1, 1993 for $104,900.
How much is this home worth?
The estimated value of the home located at 257 Westshore Drive is $0.
What are some comparable homes to 257 Westshore Drive?
There are currently no comparable homes to 257 Westshore Drive.
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