$39,900
●
Land -
Off Market
414 Midlakes Boulevard #7
Plainwell, MI 49080
Studio
0 Bath
$47,545
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
This .9 acre lot is ready for you to build your dream home with
serene views of the all sports Lake Doster. Included with this
parcel is a permanent boat slip just a short walk down the street.
There is sewer, water and gas hookup available at the road.
Ownership includes a membership in the Lake Doster Lake Association
with golf, fishing and boating nearby. A short distance down the
road to the private beach with a sand volleyball court, playground
and basketball court! Feel free to walk this property and envision
your future home and views. Seller will not accept Land Contract.
Questions about building and setbacks contact Gun Plain Township
.
Unit Size
-
Days on Market
-
Land Size
0.97 acres
Price per sqft
-
Property Type
Land
Property Taxes
$125
HOA Dues
$29
Year Built
-
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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 #21103456)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 28, 2022 | Sold | ||
| Sold | |||
| Aug 30, 2021 | Listed by Live Local Properties | $47,000 | |
| Listed by Live Local Properties | |||
| Dec 26, 2020 | No longer available | - | |
| No longer available | |||
| Sep 3, 2020 | Listed | $50,500 | |
| Listed | |||
| | |||
|
This inspiring building site overlooks the serene, private, all sports Lake Doster. Included with this 0.9 acre parcel comes permanent boat slip, with 117' on Midlakes Blvd, with sewer, water, and gas line. A remarkable flat building site, it provides rise that will ensure captivating views. Ownership in Rhapsody in Green includes membership in the Lake Doster Lake Association, with nearby opportunities including golf, fishing, boating, and cross-country skiing. LDLA yearly fee is $350, with proposed site condo fee of $300/year. With walking distance to the beach, this majestic property is made for those seeking year-round vacation living.
| |||
| Oct 17, 2017 | Sold | ||
| Sold | |||
Show More
Property Highlights
Exterior Details
Parcel Number: 390802400450
Buildable, Golf Community
Lot Size Dimensions: 117x303x155x284
Lot Size Acres: 0.97
Lot Size Square Feet: 42253
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $28,200
Tax Year: 2020
Tax Annual Amount: $1,495
Utilities Details
Utilities: None Connected, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available
Location Details
Association Amenities: Beach Area
Association Fee: $350
Association Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/05/2024
| |
3 Bed
|
2 Bath
|
2400 ft²
|
$654,000
3 Bed
2 Bath
2400 ft²
|
$590,815
-9.66%
01/20/2026
|
Nakisha Gilliam
Jaqua REALTORS
|
|
08/30/2021
|
Loft
|
-
|
-
|
$47,000
Loft
-
|
$39,900
-15.11%
06/28/2022
|
Sarah Barnes
Live Local Properties
| |
|
09/03/2020
|
Loft
|
-
|
-
|
$50,500
Loft
-
|
-
-
|
-
| |
|
02/24/2020
| |
Studio
|
-
|
-
|
$52,500
Studio
-
|
-
-
|
-
|
|
08/15/2017
|
Loft
|
-
|
-
|
$68,000
Loft
-
|
$56,900
-16.32%
10/17/2017
|
Mary Zeppenfeld
Coldwell Banker Woodland Schmidt
|
Building Info
About Allegan
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Listed by: Sarah L Barnes, Live Local Properties
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21103456
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.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21103456
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