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Bridgman 49106
9550 Ridge Road
$625,000
● House - Off Market

9550 Ridge Road

Bridgman, MI 49106
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,870 Ft²
$3,502
Est. Monthly
$29
HOA / Fees
5.12%
Cap Rate

About This Property

Discover your perfect retreat near Weko Beach! Step into this inviting home and be greeted by a spacious living area adorned with expansive windows that flood the space with natural light and offer beautiful views of the surrounding nature. This charming room features vaulted ceilings, solid oak support beams, and a striking focal fireplace. Step in from the wide 2 stall garage to find the convenient main level laundry/ mudroom.  Spacious main level primary suite off the kitchen. Set on a generous nearly 2 acre lot, the property features a lush landscape with many trees and multiple decks ideal for outdoor relaxation. The walkout lower level provides three additional bedrooms and a cozy living area with a gas fireplace. Embrace comfort and nature in this beautifully appointed home.
Unit Size
2,870 Ft²
Days on Market
20 days
Land Size
1.97 acres
Price per sqft
$218
Property Type
House
Property Taxes
$403
HOA Dues
$29
Year Built
1990

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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 #24043103)

Price History

Date / Event Date Event Price
Sep 6, 2024 Sold
Premium
Sold
Aug 18, 2024 In contract -
In contract
Aug 16, 2024 Listed by Cressy & Everett Real Estate $625,000
Listed by Cressy & Everett Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 9
  • Basement Area: 1,299
  • Garage Type: 7
  • Garage Square Area: 868
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 85,378
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 4,500
  • Total Building Area: 2,382
  • Building Area: 2,382
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,382
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KRAMAR HEIGHTS
  • Land Acres: 0000001960
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 11 ASSESSORS PLAT OF KRAMAR HEIGHTS

Neighborhood

  • School District Name: Bridgman Public Schools
  • School Tax School District: BRIDGMAN
  • Census Tract: 011101

Zoning

  • Zoning: RL

Geography

  • Assessors Map Reference: 018-4
  • District: 56
  • Parcel: 56-4300-0011-00-4
  • Lot: 11
  • Municipality: BRIDGMAN CITY
  • Latitude: 41.946
  • Longitude: -86.5691

    Address

  • Full Address: 9550 Ridge Rd
  • Legal Unit: 11
  • Address - House Number: 9550
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Bridgman
  • Carrier Code: R031
  • 4-Digit Zip Code: 9339
  • Zip Code: 49106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $458,808

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 243,365
  • High Value: 319,145
  • Low Value: 167,584

    Market Valuation

  • Market Total Value: $435,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $217,600

    Exemptions

  • Homeowner Exemption: Yes
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 Bridgman

Stats & Trends

Median Asking:

$269,950

Sale Price/ft²

$205

Below Asking

0.03%

Average Days on Market

50

Average Home Size

2234 ft²

Average Home Age

48.7 years

Currently For Sale

6 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: Ben Stephen, Cressy & Everett Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24043103
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 9550 Ridge Road built and last sold?
The property at 9550 Ridge Road was built in 1990 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 9550 Ridge Road is $627,635.
What are some comparable homes to 9550 Ridge Road?
There are currently no comparable homes to 9550 Ridge Road.
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