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Douglas 49408
423 Summer Grove Drive
$225,000
● House - Off Market

423 Summer Grove Drive

Douglas, MI 49406
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,101 Ft²
$495,578
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

Enjoy life and leisure close to Lake Michigan beaches and all that Saugatuck and Douglas have to offer at Summer Grove Cottages. This wonderful 3 bedroom, 3 full bath home features a large bright & airy kitchen with granite countertops, built-in desk, pantry, back deck access for grilling and a 12' x 13' dining area. Other home features include: 9' ceilings on the main level, a great front porch, foyer with open staircase, gas log fireplace, finished daylight basement, 2+ garage w/storage loft and beautiful landscaping. Call today to schedule a showing!
Unit Size
2,101 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$109
Property Type
House
Property Taxes
$339
HOA Dues
$165
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 years ago (MichRIC MLS #12049861)

Price History

Date / Event Date Event Price
Sep 5, 2017 Sold
Premium
Sold
May 23, 2017 Sold
Premium
Sold
Mar 6, 2017 Listed by Jaqua Realtors $269,900
Listed by Jaqua Realtors
Dec 5, 2012 Sold
Premium
Sold
Sep 10, 2012 Listed by Jaqua Realtors $229,500
Listed by Jaqua Realtors

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 840
  • 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: 6,490
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,622
  • Building Area: 1,622
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,622
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMER GROVE CONDOMINIUM
  • Land Acres: 0000000149
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 6 SUMMER GROVE CONDOMINIUM SEC 20 T3N R16W (97)

Neighborhood

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

Zoning

  • Zoning: R-2 RES PU

Geography

  • District: 59
  • Parcel: 59-780-006-00
  • Meridian: SEC 20 TWN 03N RNG 16W
  • Municipality: DOUGLAS CITY
  • Latitude: 42.6351
  • Longitude: -86.2147

    Address

  • Full Address: 423 Summer Grove Dr
  • Legal Unit: 6
  • Address - House Number: 423
  • Address - Street Name: Summer Grove
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Douglas
  • Carrier Code: R777
  • 4-Digit Zip Code: 5227
  • Zip Code: 49406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $566,070

    Appraisal Valuation

  • Standard Deviation: 0.2408
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 66
  • Final Value: 431,482
  • High Value: 535,394
  • Low Value: 327,569

    Market Valuation

  • Market Total Value: $283,600
  • Market Land Value: $33,000
  • Market Improvement Value: $250,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $141,800
  • Assessed Land Value: $16,500
  • Assessed Improvements Value: $125,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 23, 2017
  • Current Sale Recording Date: Sep 05, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 05, 2012
  • Previous Sale Contract Date: Nov 30, 2012
  • Previous Sale Amount: $225,000
  • 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 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

Unit for rent at 8 W Center Street, Douglas, MI, 49406

$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 4,878 ft²
8 W Center Street #A, Douglas, MI, 49406 Listing by Molly Rettig

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Michael R Peel, Jaqua Realtors
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 12049861
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 423 Summer Grove Drive built and last sold?
The property at 423 Summer Grove Drive was built in 1997 and last sold on May 23, 2017 for $265,000.
How much is this home worth?
The estimated value of the home located at 423 Summer Grove Drive is $0.
What are some comparable homes to 423 Summer Grove Drive?
There are currently no comparable homes to 423 Summer Grove Drive.
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