NOT LISTED FOR SALE

11548 E Chicago Rd Jerome, MI 49249

Estimated Value: $194,000 - $324,000

Studio
-- Bath
-- Sq Ft
41,818 Sq Ft

Last Sold March 07, 2018

Last sale price $110,000

Est. 152% increase in value since last sale

Current estimated payment $1,505/month

10 Days on Market

Highlights

  • Lake Front
  • Home fronts a pond
  • Forced Air Heating System
  • Water Access

About This Home

As of March 2018

INVESTOR SPECIAL - 4 UNIT (3 bedrm, 2 bedrm, 1 Bedrm, Efficiency) - $2300 / MO income. This all sits on just under an acre overlooking Lake LeAnn. Lake Access comes w/ the property. Wrap around deck, walk out lower unit, 3 sheds for tenant use, fire pit, and fishing pond, walk around to Lake LeAnn. Upgrades include some windows, STEEL roof (Amish installed) new in 2016. Excellent rental income w/ long term tenants. Excellent location right on US-12. Possible convert to commercial business w/ lots of road traffic.

Last Agent to Sell the Property

BOB SONSARA

EXIT REALTY 1ST LLC License #6502431408 Listed on: 01/26/2018

Last Buyer's Agent

NON-MBR 'SOLD' NON-MBR 'SOLD'

NON-MEMBER REALTOR 'SOLD'

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,283

Lot Details

  • 0.96 Acre Lot
  • Lot Dimensions are 180x233
  • Home fronts a pond
  • Lake Front

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Crawl Space

Outdoor Features

  • Water Access

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • Well
  • Septic Tank

Listing and Financial Details

  • The owner pays for electricity, gas, trash collection

Community Details

Overview

  • 4 Units
  • Laguana Park Subdivision

Building Details

  • Operating Expense $2,650
  • Net Operating Income $55,200

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,283

Lot Details

0.96 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Waterfront Options:Water Access YN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Full, Walk-Out Access

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 109900.0
  • Road Surface Type: Paved
  • Waterfront Features: Lake Front, Pond
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Association/Amenities

  • Association Info:Approx Assoc Fee2: 375.0

Lot Info

  • Lot Size Acres: 0.96
  • Lot Size Area: 0.96
  • Lot Dimensions: 180x233

Rental Info

  • Owner Pays: Electricity, Gas, Trash Collection

Multi Family

  • Net Operating Income: 55200.0
  • Number of Units Total: 4
  • Operating Expense: 2650.0

Tax Info

  • Tax Annual Amount: 2282.66
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Mar 26, 2018
Sold by
Sauber Frances E and Sauber Ronald A
Bought by
Pibbles Trevor
Seller's Agent
BOB SONSARA
EXIT REALTY 1ST LLC
Buyer's Agent
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Sold Price
$110,000
Current Estimated Value
$277,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,364
Avg. Annual Appreciation
12.27%
Original Mortgage
$99,000
Outstanding Balance
$79,012
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$198,352

Purchase Details

Closed on
Jun 1, 1992
Bought by
Sauber Ronald A and Sauber Frances E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Pibbles Trevor $110,000 None Available
Sauber Ronald A $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pibbles Trevor $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2018 03/07/18 Sold $110,000 -- --
02/05/2018 02/05/18 Pending -- -- --
Source: MichRIC

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $973 $127,570 $0 $0
2024 $9 $120,480 $0 $0
2023 $903 $110,880 $0 $0
2022 $2,129 $93,210 $0 $0
2021 $2,061 $86,850 $0 $0
2020 $3,413 $80,880 $0 $0
2019 $2,045 $73,450 $0 $0
2018 $1,405 $74,710 $0 $0
2017 $2,283 $72,330 $0 $0
2016 $2,282 $68,820 $0 $0
2015 $550 $68,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    BOB SONSARA

    EXIT REALTY 1ST LLC

  • N

    Buyer's Agent in 2018

    NON-MBR 'SOLD' NON-MBR 'SOLD'

    NON-MEMBER REALTOR 'SOLD'

See All Agents

Map

Source: MichRIC

MLS Number: 21034756

MichRIC

APN: 04-145-001-021

Michigan Hillsdale County Jerome 49249

11548 E Chicago Rd, Jerome, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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