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Douglas 49406
304 McVea Drive
$600,000
● House - Off Market

304 McVea Drive

Douglas, MI 49406
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,081 Ft²
$841,094
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

This quaint 4 bedroom, 3 bath cottage inspired home is a short walk to Lake Michigan. Amenities include soaring ceilings, hardwood floors, granite kitchen, custom cabinetry and cozy stone fireplace. Entertain on the expansive screened-in-porch or relax in the hot tub after rinsing off in the outdoor shower. Surround sound system, excellent quality finishes on an oversized lot. A new roof will be going on next week (9.14.20)and new black top on the driveway. Great rental investment! Newer furnace, water heater and new AC.
Unit Size
2,081 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$302
Property Type
House
Property Taxes
$1,109
HOA Dues
-
Year Built
2000

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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 #20037957)

Price History

Date / Event Date Event Price
Nov 2, 2020 Sold
Premium
Sold
Sep 11, 2020 Listed by CENTURY 21 Affiliated $629,000
Listed by CENTURY 21 Affiliated
Oct 14, 2015 Sold
Premium
Sold
Jul 1, 2015 Listed by CENTURY 21 Affiliated $499,500
Listed by CENTURY 21 Affiliated

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,943
  • Lot Size Depth Feet: 1,695
  • Lot Size Frontage Feet: 940
  • Total Building Area: 2,088
  • Building Area: 2,088
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,088
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCVEA PLAT
  • Land Acres: 0000000366
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 3 MC VEA PLAT SEC 17 T3N R16W.

Neighborhood

  • School District Name: Saugatuck Public Schools
  • School Tax School District: SAUGATUCK
  • Census Tract: 030801

Zoning

  • Zoning: R-2 RESIDE

Geography

  • District: 59
  • Parcel: 59-450-003-00
  • Lot: 3
  • Meridian: SEC 17 TWN 03N RNG 16W
  • Municipality: DOUGLAS CITY
  • Latitude: 42.6487
  • Longitude: -86.2211

    Address

  • Full Address: 304 Mcvea Dr
  • Address - House Number: 304
  • Address - Street Name: Mcvea
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Douglas
  • Carrier Code: R777
  • 4-Digit Zip Code: 5226
  • Zip Code: 49406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,155,536
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2441
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 65
  • Final Value: 791,177
  • High Value: 984,369
  • Low Value: 597,984

    Market Valuation

  • Market Total Value: $571,400
  • Market Land Value: $135,000
  • Market Improvement Value: $436,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $285,700
  • Assessed Land Value: $67,500
  • Assessed Improvements Value: $218,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Nov 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 14, 2015
  • Previous Sale Contract Date: Sep 30, 2015
  • Previous Sale Amount: $480,000
  • 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 Douglas

Stats & Trends

Median Asking:

$744,000

Sale Price/ft²

$385

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2243 ft²

Average Home Age

48 years

Currently For Sale

21 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: Tammy L Kerr, CENTURY 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 20037957
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 304 McVea Drive built and last sold?
The property at 304 McVea Drive was built in 2000 and last sold on Oct 29, 2020 for $600,000.
How much is this home worth?
The estimated value of the home located at 304 McVea Drive is $639,010.
What are some comparable homes to 304 McVea Drive?
There are currently no comparable homes to 304 McVea Drive.
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