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Douglas 49406
342 Parkside Lane
$35,900
● Land - Off Market

342 Parkside Lane

Douglas, MI 49406
bedrooms
Studio
bathrooms
0 Bath
$54,418
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Culdesac lot in Parkside Landings in Douglas,MI. Many new homes in this development where you can enjoy a walk to Schultz Park, pickleball courts,playground,& boat launch. This lot is conveniently located to Lake Michigan beaches and the resort towns of Douglas and Saugatuck. Walk the property anytime.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
$66
HOA Dues
-
Year Built
2021

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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: 3 years ago (MichRIC MLS #18008578)

Price History

Date / Event Date Event Price
Mar 17, 2022 Sold
Premium
Sold
Feb 26, 2022 Listed by Five Star Real Estate Lakeshore LLC $569,000
Listed by Five Star Real Estate Lakeshore LLC
Oct 6, 2021 No longer available -
No longer available
Aug 19, 2020 Sold
Premium
Sold
Jul 17, 2020 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,499
  • Garage Type: 7
  • Garage Square Area: 735
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,324
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,499
  • Building Area: 1,499
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,499
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKSIDE LANDINGS CONDO
  • Land Acres: 0000000237
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 12 PARKSIDE LANDINGS CONDO SEC 16 T3N R16W (06).

Neighborhood

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

Zoning

  • Zoning: R-1 RES PU

Geography

  • District: 59
  • Parcel: 59-520-012-00
  • Meridian: SEC 16 TWN 03N RNG 16W
  • Municipality: DOUGLAS CITY
  • Latitude: 42.639
  • Longitude: -86.1941

    Address

  • Full Address: 342 Parkside Ln
  • Legal Unit: 12
  • Address - House Number: 342
  • Address - Street Name: Parkside
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Douglas
  • Carrier Code: R777
  • 4-Digit Zip Code: 5120
  • Zip Code: 49406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $624,487
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.1915
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 74
  • Final Value: 575,945
  • High Value: 686,270
  • Low Value: 465,620

    Market Valuation

  • Market Total Value: $390,600
  • Market Land Value: $60,000
  • Market Improvement Value: $330,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,300
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $165,300

    Sales

  • Current Sale Contract Date: Mar 09, 2022
  • Current Sale Recording Date: Mar 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5265
  • Previous Sale Recording Date: Jun 13, 2018
  • Previous Sale Contract Date: Jun 08, 2018
  • Previous Sale Amount: $35,900
  • 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: Kevin L Bosch, Five Star Real Estate Lakeshore LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 18008578
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 342 Parkside Lane built and last sold?
The property at 342 Parkside Lane was built in 2021 and last sold on Mar 9, 2022 for $554,415.
How much is this home worth?
The estimated value of the home located at 342 Parkside Lane is $591,290.
What are some comparable homes to 342 Parkside Lane?
There are currently no comparable homes to 342 Parkside Lane.
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