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Hillsdale 49220
6500 Somerset Road
$600,000
● House - Off Market

6500 Somerset Road

Addison, MI 49220
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,848 Ft²
$3,511
Est. Monthly
3.81%
Cap Rate

About This Property

This stunning 71-acre property is a rare find, combining natural beauty and functionality! With a mix of wooded and tillable land, it provides excellent opportunities for outdoor enthusiasts, including exceptional hunting grounds. Enjoy serene views and direct access to a private lake, perfect for fishing or relaxing by the water.The large barn includes horse stalls and it can also serve as a workshop or storage area for farm equipment, catering to all your agricultural needs.The ranch-style home features three spacious bedrooms on the main floor, along with two full baths for convenience. The unfinished walkout basement presents a unique opportunity to customize the space to fit your lifestyle, with a kitchenette, bathroom, and 2 potential bedrooms. Schedule your showing today!
Unit Size
1,848 Ft²
Days on Market
-
Land Size
71.07 acres
Price per sqft
$363
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
-

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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 #24056024)

Price History

Date / Event Date Event Price
Dec 26, 2024 Sold
Premium
Sold
Oct 27, 2024 In contract -
In contract
Oct 22, 2024 Listed by Coldwell Banker Groves Real Estate $670,000
Listed by Coldwell Banker Groves Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 438,649
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: False
  • Land Acres: 0000010070
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: E1/2 W1/2 NW1/4 S OF RR ALSO A STRIP OF LD 100 FT WD EXT FROM NW COR THIS DESC TH SELY ALG NLY BNDY 1663 FT (OLD RR R/W) SEC

Neighborhood

  • School District Name: Addison Community Schools
  • Census Tract: 050101

Zoning

  • Zoning: AG1

Geography

  • District: 04
  • Parcel: 04-036-100-006-36-5-1
  • Meridian: SEC 36 TWN 05S RNG 01W
  • Municipality: SOMERSET TWP
  • Latitude: 41.9941
  • Longitude: -84.3778

    Address

  • Full Address: 6500 Somerset Rd
  • Address - House Number: 6500
  • Address - Street Name: Somerset
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Addison
  • Carrier Code: R022
  • 4-Digit Zip Code: 9641
  • Zip Code: 49220

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,476

    Market Valuation

  • Market Total Value: $60,420
  • Market Land Value: $60,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,210

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 26, 2002
  • Current Sale Recording Date: Dec 26, 2002
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 24, 1998
  • Previous Sale Contract Date: Nov 24, 1998
  • Previous Sale Document Type: 27
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

Nearby Rentals

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MichRIC

Listed by: Hannah Stiekes, Coldwell Banker Groves Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24056024
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 6500 Somerset Road built and last sold?
The property at 6500 Somerset Road was built in and last sold on Dec 26, 2002 for $0.
How much is this home worth?
The estimated value of the home located at 6500 Somerset Road is $656,321.
What are some comparable homes to 6500 Somerset Road?
There are currently no comparable homes to 6500 Somerset Road.
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