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Allegan 49453
3247 Lorrimar Lane
Photo of 3247 Lorrimar Lane
Sold on Aug 1, 2019

27

Map

Photo of 3247 Lorrimar Lane
Photo of 3247 Lorrimar Lane
$355,000
● House - Off Market

3247 Lorrimar Lane

Saugatuck, MI 49453
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,200 Ft²
$511,723
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

A beautiful setting and a spacious home mark the makings of this Saugatuck Township gem. The kitchen has been upgraded to include stainless steel appliances and granite counters. The mechanicals are newer and of high efficiency. There is a full basement finished off as a family room. The screened porch offers extended living space for relaxing with family and friends and enjoy the beautifully landscaped yard. The mudroom has access to the attached garage as well as the expansive front porch. This is an excellent feature to have after spending the day at your deeded access to Lorrimar Park on Silver Lake which is located at the end of the street.  Additionally this home is close to Lake Michigan and all the attractions of Saugatuck and Douglas.
Unit Size
4,200 Ft²
Days on Market
58 days
Land Size
0.50 acres
Price per sqft
$83
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1997

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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 months ago (MichRIC MLS #19024629)

Price History

Date / Event Date Event Price
Aug 7, 2019 Sold
Premium
Sold
Jun 2, 2019 Listed by Jaqua Realtors $349,000
Listed by Jaqua Realtors
Jul 8, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 1,684
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,693
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 2,662
  • Building Area: 2,662
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,662
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JILLMAR
  • Land Acres: 0000000498
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 16 JILLMAR SUBD SEC 11 T3N R16W (86)

Neighborhood

  • School District Name: Saugatuck Public Schools
  • School Tax School District: SAUGATUCK
  • Census Tract: 030802

Zoning

  • Zoning: R-2

Geography

  • District: 20
  • Parcel: 20-230-016-00
  • Lot: 16
  • Meridian: SEC 11 TWN 03N RNG 16W
  • Municipality: SAUGATUCK TWP
  • Latitude: 42.655
  • Longitude: -86.1626

    Address

  • Full Address: 3247 Lorrimar Ln
  • Address - House Number: 3247
  • Address - Street Name: Lorrimar
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R001
  • 4-Digit Zip Code: 9750
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $598,563

    Appraisal Valuation

  • Standard Deviation: 0.1994
  • Valuation Date: May 24, 2023
  • Confidence Score: 73
  • Final Value: 598,318
  • High Value: 717,646
  • Low Value: 478,990

    Market Valuation

  • Market Total Value: $502,200
  • Market Land Value: $38,400
  • Market Improvement Value: $463,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $251,100
  • Assessed Land Value: $19,200
  • Assessed Improvements Value: $231,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 01, 2019
  • Current Sale Recording Date: Aug 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 08, 2004
  • Previous Sale Contract Date: Jun 30, 2004
  • Previous Sale Amount: $315,000
  • 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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2158 ft²

Average Home Age

49.9 years

Currently For Sale

323 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

Rentals Near You

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MichRIC

Listed by: James W Sellman, Jaqua Realtors
Last Updated: 3 months ago
Data Source: MichRIC, MLS# 19024629
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 3247 Lorrimar Lane built and last sold?
The property at 3247 Lorrimar Lane was built in 1997 and last sold on Aug 1, 2019 for $355,000.
How much is this home worth?
The estimated value of the home located at 3247 Lorrimar Lane is $384,914.
What are some comparable homes to 3247 Lorrimar Lane?
There are currently no comparable homes to 3247 Lorrimar Lane.
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