NOT LISTED FOR SALE

11548 E Chicago Rd Jerome, MI 49249

Estimated Value: $228,000 - $292,000

Studio
-- Bath
-- Sq Ft
0.96 Acre Lot

Sale Details

Date Sold: March 7, 2018

Last sale price $110,000

Est. 149% increase in value since last sale

Current estimated payment $1,561 / mo

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

  • 41,818 Sq Ft 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
  • Driveway:Driveway: Gravel
  • Mineral Rights:Mineral Rights: Unknown
  • Sewer:Sewer: Septic Tank
  • 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
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air, Space Heater

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Mar 26, 2018
Sold by
Bought by
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
$274,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,039
Avg. Annual Appreciation
11.64%
Original Mortgage
$99,000
Outstanding Balance
$79,012
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$195,027

Purchase Details

Closed on
Jun 1, 1992
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$110,000 None Available
$38,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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

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