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Saugatuck 49453
138 West Street
$262,000
● House - Off Market

138 West Street

Saugatuck, MI 49453
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,005 Ft²
$429,465
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

City of Saugatuck at an affordable price! ''On the Hill'' and walking distance to all the city has to offer. New furnace in 2017. Replacement doors and windows in 2014. This home is ready for your personal touches. Great family home or rental home.
Unit Size
2,005 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$142
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1984

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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 #18027712)

Price History

Date / Event Date Event Price
Oct 2, 2020 Sold
Premium
Sold
Aug 7, 2020 Listed by Coldwell Banker Woodland Schmidt Saugatuck $459,000
Listed by Coldwell Banker Woodland Schmidt Saugatuck
Sep 6, 2018 Sold
Premium
Sold
Jun 15, 2018 Listed by Coldwell Banker Woodland Schmidt Saugatuck $283,900
Listed by Coldwell Banker Woodland Schmidt Saugatuck

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,859
  • Building Area: 1,859
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,859
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRISONS ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 53 BLOCK 7 MORRISON'S ADDITION

Neighborhood

  • School District Name: Saugatuck Public Schools
  • School Tax School District: SAUGATUCK
  • Census Tract: 030800

Zoning

  • Zoning: CR-COMM RE

Geography

  • District: 57
  • Parcel: 57-507-053-00
  • Block: 7
  • Lot: 53
  • Municipality: SAUGATUCK CITY
  • Latitude: 42.655
  • Longitude: -86.1976

    Address

  • Full Address: 138 West St
  • Address - House Number: 138
  • Address - Street Name: West
  • Address - Suffix Type: St
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R002
  • 4-Digit Zip Code: 9789
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $618,314

    Appraisal Valuation

  • Standard Deviation: 0.2394
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 66
  • Final Value: 561,716
  • High Value: 696,232
  • Low Value: 427,199

    Market Valuation

  • Market Total Value: $404,400
  • Market Land Value: $72,600
  • Market Improvement Value: $331,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $202,200
  • Assessed Land Value: $36,300
  • Assessed Improvements Value: $165,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 06, 2018
  • Previous Sale Contract Date: Aug 17, 2018
  • Previous Sale Amount: $262,000
  • Previous 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 Saugatuck

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$493

Below Asking

0.04%

Average Days on Market

64

Average Home Size

2525 ft²

Average Home Age

69.3 years

Currently For Sale

12 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

Unit for rent at 8 W Center Street, Douglas, MI, 49406

$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 4,878 ft²
8 W Center Street #A, Douglas, MI, 49406 Listing by Molly Rettig

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: David K Nadeau, Coldwell Banker Woodland Schmidt Saugatuck
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 18027712
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 138 West Street built and last sold?
The property at 138 West Street was built in 1984 and last sold on Sep 25, 2020 for $457,500.
How much is this home worth?
The estimated value of the home located at 138 West Street is $460,849.
What are some comparable homes to 138 West Street?
There are currently no comparable homes to 138 West Street.
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