Check Availability
Ludington 49431
302 S James Street
$450,000
Land - For Sale

302 S James Street

Ludington, MI 49431
bedrooms
Studio
bathrooms
0 Bath
$2,474
Estimated Monthly
0.90%
Cap Rate

About This Property

City of Ludington - Development opportunity - 80x120 corner lot, zoned Maritime Commercial w/setback requirements the same as Central Business District zoning. Located in the the heart of downtown Ludington, lot is approved for proposed project of 5 townhouses to be constructed that would be 2200 sq ft, 3 bed, 3.5 bath w/2 car garage. Other permitted principal use zoning options for this lot include commercial indoor recreational uses, repair and service shops, w/residential uses above the first floor. Special land uses offer many more options. Zoning info available online or available upon request. This property was a gas station for decades and some environmental clean up has been done and funded by a state grant. Additional steps may be required at the time of construction.
Unit Size
-
Days on Market
419 days
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$264
HOA Dues
-
Year Built
-

Listed By

Debby Stevenson
Debby Stevenson
LIGHTHOUSE REALTY-Ludington
Last updated: 2 months ago (MichRIC MLS #23013700)

Price History

Date / Event Date Event Price
Apr 1, 2024 No longer available -
No longer available
May 2, 2023 Listed by GREENRIDGE Realty-Ludington $450,000
Listed by GREENRIDGE Realty-Ludington
City of Ludington - Development opportunity - 80x120 corner lot, zoned Maritime Commercial w/setback requirements the same as Central Business District zoning. Located in the the heart of downtown Ludington, lot is approved for proposed project of 5 townhouses to be constructed that would be 2200 sq ft, 3 bed, 3.5 bath w/2 car garage. Other permitted principal use zoning options for this lot include commercial indoor recreational uses, repair and service shops, w/residential uses above the…
Dec 17, 2022 No longer available -
No longer available
Aug 12, 2022 Price Decreased $525,000
↓ $25K (4.6%)
Price Decreased
Jul 16, 2022 Listed by Clients First Realtors $550,000
Listed by Clients First Realtors
Call Debby Stevenson - 231*510*5727 for your private tour. City of Ludington - Development opportunity - 80x120 corner lot, zoned Maritime Commercial w/setback requirements the same as Central Business District zoning. Located in the the heart of downtown Ludington, lot is approved for proposed project of 5 townhouses to be constructed that would be 2200 sq ft, 3 bed, 3.5 bath w/2 car garage. Other permitted principal use zoning options for this lot include commercial indoor recreational…
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Property Highlights

Exterior Details

Property Information

Parcel Number: 53-051-542-001-00
Zoning Description: Maritime Commer

Lot Information

Level, Buildable, Cleared, Sidewalk, Corner Lot
Lot Size Dimensions: 80x120
Lot Size Acres: 0.22
Lot Size Square Feet: 9600

Land Information

Land Assessed Value: $0
Financial Details
Tax Assessed Value: $51,856
Tax Year: 2022
Tax Annual Amount: $3,168
Buyer's Agency fee: 3.00%

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: ORIGINAL - LUDINGTON
  • Land Acres: 0.22
  • Legal Description 1: ORIGINAL PLAT N 80 FT OF LOTS 1 & 2 BLOCK 42. * 302 S JAMES ST.

Ownership

  • Current Owner : PJP HOLDINGS LLC
  • Previous Owner : BRENDA & CO LLC
  • Owner Before Previous Owner: DRABLOWSKI WILLIAM J
  • Owner Before Previous Owner 2: DRABLOWSKI DONNA J
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Ludington Area School District
  • School Tax School District: LUDINGTON
  • School Tax District Code 2: LUDINGTON
  • School Tax District Code 3: LUDINGTON
  • Census Tract: 950500

Geography

  • District: 051
  • Parcel: 051-542-001-00
  • Block: 42
  • Lot: 1-2
  • Municipality: CITY OF LUDINGTON
  • Latitude: 43.9532
  • Longitude: -86.4481

    Address

  • Full Address: 302 S James St
  • Address - House Number: 302
  • Street Direction: S
  • Address - Street Name: James
  • Address - Suffix Type: St
  • State: MI
  • City Name: Ludington
  • Carrier Code: C004
  • 4-Digit Zip Code: 2106
  • Zip Code: 49431

Valuation

    Tax

  • Tax Amount: $0
  • Tax Rate Code Area: 051

    Market Valuation

  • Market Total Value: $52,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $8,300
  • Assessed Improvements Value: $17,700

    Sales

  • Current Sale Contract Date: Aug 30, 2020
  • Current Sale Recording Date: Sep 04, 2020
  • Current Sale Transaction ID: 11790453330
  • Current Sale Price: $158,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2020R05202
  • Previous Sale Recording Date: Dec 06, 2018
  • Previous Sale Contract Date: Dec 06, 2018
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$362,000 Feb 1, 2022
-
$231/mo
Condo
3 Beds
2 Baths
1,558 ft²
$282/ft²
$439,000 Oct 20, 2023
-
$250/mo
House
6 Beds
2.5 Baths
3,236 ft²
$147/ft²
$475,000 Apr 3, 2024
-
$271/mo
House
4 Beds
2 Baths
2,584 ft²
$153/ft²
$395,000 May 9, 2024
-
$528/mo
Condo
3 Beds
2 Baths
1,312 ft²
$276/ft²
$362,000 Apr 21, 2024
-
$1,152/mo

About Ludington


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Nearby Rentals



Frequently Asked Questions

When was property at 302 South James Street built and last sold?
The property at 302 South James Street was built in and last sold on Aug 30, 2020 for $158,000.
How much is this home worth?
The estimated value of the home located at 302 South James Street is $454,500.
What are some comparable homes to 302 South James Street?
Homes that are comparable to 302 South James Street include a land property at 509 Lake Street, a condo property at 104 Water Street, a house property at 201 South Washington Avenue.

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