417 Spear Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Dec 26, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 4, 2025 | Listed by @properties Christie's International R.E. | $699,900 | |
| Listed by @properties Christie's International R.E. | |||
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One of the best deals in Saugatuck in years due to a relocation! Coveted Spear St. Dead end so no through or summer traffic. Best location on 'The Hill' surrounded by $1 million + homes! One of the best features is a 3 rm. COTTAGE with a new full bath. Perfect for guests, in laws, kids or a rentable ADU. Plumbed for a future kitch & w/d. This home has been lovingly updated over the past few years. New roof, Real hardwood & pine flooring though out, designer lighting, finished crawl space w/new vapor barrier. Wood burning frplc & a cozy library adjacent. Huge screen porch off newer chef's kitchen that has gleaming butcher block counters. Multi tiered decks and Patios with a hot tub. Main home has 2 bedrooms(possibility of a third) and 1 and 1/2 baths. This is a fantastic buy for either a full time resident or perfect second home! Quick walk to Saugatuck with it's great shopping, restaurants, farmers markets and events. This lovingly maintained Saugatuck classic is not to be missed!
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| Nov 19, 2025 | Price Decreased |
$725,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017