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Hillsdale 49262
4451 N Jerome Road
$186,000
● House - Off Market

4451 N Jerome Road

North Adams, MI 49262
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,060 Ft²
$262,058
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Immaculate, well maintained home with 10 wooded acres of White pine.  Full basement, 2 year old metal roof, gutter guards, hot water heat, on demand water heater. Bath in basement does have a tub in room beside 1/2 bath.  Beautiful hardwood floors through out. Breezeway & a screened front & rear porches. Replacement windows, 2 car attached garage, fruit trees, asparagus patch, garden area, hunting area w/blind. Workshop @ 2 storage sheds. Hunting cabin can be purchased separate as its portable. Concrete driveway w/turn around. Lots of shade trees. Whole house generator, storm shelter, laundry in basement w/chute. POSSESSION is 60 days from closing or before if owners find a home. Must be pre qualified to show. Slight bit of water comes in basement after heavy rain, landing strip is grass
Unit Size
1,060 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$178
Property Type
House
Property Taxes
$91
HOA Dues
-
Year Built
1967

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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 #20017303)

Price History

Date / Event Date Event Price
Jul 28, 2020 Sold
Premium
Sold
May 19, 2020 Listed by Michael Auction & Realty Service LLC $189,000
Listed by Michael Auction & Realty Service LLC

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 1,096
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 435,600
  • Total Building Area: 1,060
  • Gross Building Area: 1,060
  • Building Area: 1,060
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,060
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: False
  • Land Acres: 0000010000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM NW COR SW1/4 TH E 1320 FT TH S 330 FT TH W 1320 FT TH N 330 FT TO POB SEC 8 T6S R1W 10 A M/L

Neighborhood

  • School District Name: North Adams-Jerome Schools
  • Census Tract: 050600

Geography

  • District: 09
  • Parcel: 09-008-300-006-08-6-1
  • Meridian: SEC 08 TWN 06S RNG 01W
  • Municipality: WHEATLAND TWP
  • Latitude: 41.9629
  • Longitude: -84.459

    Address

  • Full Address: 4451 Jerome Rd
  • Address - House Number: 4451
  • Address - Street Name: Jerome
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: North Adams
  • Carrier Code: R061
  • 4-Digit Zip Code: 9722
  • Zip Code: 49262

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $93,882

    Appraisal Valuation

  • Standard Deviation: 0.2655
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 240,624
  • High Value: 304,512
  • Low Value: 176,737

    Market Valuation

  • Market Total Value: $185,990
  • Market Land Value: $54,092
  • Market Improvement Value: $131,898

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Jul 28, 2020
  • 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 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

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MichRIC

Listed by: Sid Michael, Michael Auction & Realty Service LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20017303
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 4451 Jerome Road North built and last sold?
The property at 4451 Jerome Road North was built in 1967 and last sold on Jul 27, 2020 for $186,000.
How much is this home worth?
The estimated value of the home located at 4451 Jerome Road North is $188,934.
What are some comparable homes to 4451 Jerome Road North?
There are currently no comparable homes to 4451 Jerome Road North.
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