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Saugatuck 49453
339 Lucy Street
$310,000
● House - Off Market

339 Lucy Street

Saugatuck, MI 49453
bedrooms
5 Beds
bathrooms
5 Baths
square feet
1,577 Ft²
$720,033
RealtyHop Estimate
105.78%
Since Apr 1, 2013
National-US
Primary Model

About This Property

Info#3195 Fantastic, updated 3 bedroom, 3 bath home in the heart of Saugatuck with two separate guest cottages. Property is currently a very popular rental, but could be used as a year round home or seasonal getaway. The main home has been completely renovated and features hardwood flooring, stainless steel appliances, wet bar in the family room, solid surface counter tops, master suite with whirlpool tub, and loads of character. Walk to Saugatuck's downtown in minutes, or take the chain ferry across the river to get to award-winning Oval beach on Lake Michigan.
Unit Size
1,577 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$222
Property Type
House
Property Taxes
$459
HOA Dues
-
Year Built
1940

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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 #12053528)

Price History

Date / Event Date Event Price
Jul 21, 2022 Sold
Premium
Sold
Jun 23, 2022 Listed by Coldwell Banker Woodland Schmidt $965,000
Listed by Coldwell Banker Woodland Schmidt
Mar 19, 2013 Sold
Premium
Sold
Oct 2, 2012 Listed by Coldwell Banker Woodland Schmidt $349,900
Listed by Coldwell Banker Woodland Schmidt
Jun 9, 2006 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 3
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 384
  • Garage Type: 0
  • Parking Space Count: 0
  • 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: 2,240
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JUDSONS ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 53 BLK 8 EX A NARROW STRIP OF LAND IN THE N END THEREOF HEREOFORE SOLD TO THE VILLAGE OF SAUGATUCK & NOW USED AS A PT OF

Neighborhood

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

Zoning

  • Zoning: CR-COMM RE

Geography

  • District: 57
  • Parcel: 57-208-039-00
  • Block: 8
  • Lot: 53
  • Municipality: SAUGATUCK CITY
  • Latitude: 42.6609
  • Longitude: -86.2025

    Address

  • Full Address: 339 Lucy St
  • Address - House Number: 339
  • Address - Street Name: Lucy
  • Address - Suffix Type: St
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R002
  • 4-Digit Zip Code: 9455
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $783,202

    Appraisal Valuation

  • Standard Deviation: 0.1063
  • Valuation Date: Jul 27, 2022
  • Confidence Score: 89
  • Final Value: 999,040
  • High Value: 1,105,251
  • Low Value: 892,829

    Market Valuation

  • Market Total Value: $361,400
  • Market Land Value: $135,000
  • Market Improvement Value: $226,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $180,700
  • Assessed Land Value: $67,500
  • Assessed Improvements Value: $113,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14386
  • Previous Sale Recording Date: Mar 19, 2013
  • Previous Sale Contract Date: Mar 13, 2013
  • Previous Sale Amount: $300,000
  • 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

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MichRIC

Listed by: Andrea L Crossman, Coldwell Banker Woodland Schmidt
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 12053528
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 339 Lucy Street built and last sold?
The property at 339 Lucy Street was built in 1940 and last sold on Jul 15, 2022 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 339 Lucy Street is $956,287.
What are some comparable homes to 339 Lucy Street?
There are currently no comparable homes to 339 Lucy Street.
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