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Jackson
281 Mirror Drive
$200,000
● House - Off Market

281 Mirror Drive

Jerome, MI 49249
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,493 Ft²
$1,233
Est. Monthly
$8
HOA / Fees
12.85%
Cap Rate

About This Property

This Mirror Lake 2000 Manufactured home has been given the works! Very clean, well -maintained home with many extras. Attractions include new flooring, a large separate family room with a wood burning fireplace! A very spacious screened in deck at side of home and a newly built rear deck and excellent appliances. All this and an Association swimming beach and boat launch! If you would love to live in a Fully updated home in a quiet area, that includes private lake rights to swim and fish? You really need to see this one!
Unit Size
1,493 Ft²
Days on Market
39 days
Land Size
0.26 acres
Price per sqft
$134
Property Type
House
Property Taxes
$242
HOA Dues
$8
Year Built
2000

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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 #25004337)

Price History

Date / Event Date Event Price
Jun 16, 2025 Sold
Premium
Sold
May 22, 2025 In contract -
In contract
May 9, 2025 Price Decreased $200,000
↓ $10K (4.8%)
Price Decreased
Apr 8, 2025 Price Decreased $210,000
↓ $10K (4.6%)
Price Decreased
Apr 2, 2025 Price Decreased $220,000
↓ $5K (2.2%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,456
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 1,260
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAT OF MIRROR LAKE #1
  • Land Acres: 0000000263
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 14 ''MIRROR LAKE NO 1''

Neighborhood

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

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS MIRROR
  • District: 08
  • Parcel: 070-18-33-455-014-00
  • Lot: 14
  • Municipality: LIBERTY TWP
  • Latitude: 42.0759
  • Longitude: -84.4285

    Address

  • Full Address: 281 Mirror Dr
  • Legal Unit: 14
  • Address - House Number: 281
  • Address - Street Name: Mirror
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jerome
  • Carrier Code: R042
  • 4-Digit Zip Code: 9412
  • Zip Code: 49249

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $133,401
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 87
  • Final Value: 179,742
  • High Value: 200,438
  • Low Value: 159,046

    Market Valuation

  • Market Total Value: $184,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 29, 2000
  • Current Sale Recording Date: May 12, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2154115
  • Previous Sale Recording Date: Aug 01, 1992
  • Previous Sale Contract Date: Aug 01, 1992
  • Previous Sale Amount: $2,800
  • 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:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1875 ft²

Average Home Age

74.7 years

Currently For Sale

417 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: CYNTHIA A LIVERMORE, ERA REARDON - BROOKLYN
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25004337
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 281 Mirror Drive built and last sold?
The property at 281 Mirror Drive was built in 2000 and last sold on Apr 29, 2000 for $5,000.
How much is this home worth?
The estimated value of the home located at 281 Mirror Drive is $203,169.
What are some comparable homes to 281 Mirror Drive?
There are currently no comparable homes to 281 Mirror Drive.
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