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Douglas 49408
487 Summer Grove Drive
Photo of 487 Summer Grove Drive
Sold on Mar 28, 2016

19

Map

Photo of 487 Summer Grove Drive
Photo of 487 Summer Grove Drive
$228,000
● House - Off Market

487 Summer Grove Drive

Douglas, MI 49406
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,098 Ft²
$421,212
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

One of the first Summer Grove homes built with great quality and design. Picket fences, mature trees and wonderful pool; being here is an escape from the hustle of life. Home has four bedrooms, hardwood floors and lots of windows to allow for great natural lighting. Lake Michigan is just a walk away, or pop into Saugatuck or Douglas to catch up with friends for lunch or dinner.
Unit Size
2,098 Ft²
Days on Market
171 days
Land Size
0.14 acres
Price per sqft
$115
Property Type
House
Property Taxes
$302
HOA Dues
$165
Year Built
2002

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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 months ago (MichRIC MLS #15054185)

Price History

Date / Event Date Event Price
May 6, 2016 Sold
Premium
Sold
Mar 28, 2016 Sold
Premium
Sold
Oct 9, 2015 Listed by Jaqua Realtors $242,000
Listed by Jaqua Realtors
Oct 6, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 805
  • 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: 6,055
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,550
  • Building Area: 1,550
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,550
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMER GROVE CONDOMINIUM
  • Land Acres: 0000000139
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 49 SUMMER GROVE CONDOMINIUM SEC 20 T3N R16W (97)

Neighborhood

  • School District Name: Saugatuck Public Schools
  • School Tax School District: SAUGATUCK
  • Census Tract: 030801

Zoning

  • Zoning: R-2 RES PU

Geography

  • District: 59
  • Parcel: 59-780-049-00
  • Meridian: SEC 20 TWN 03N RNG 16W
  • Municipality: DOUGLAS CITY
  • Latitude: 42.6351
  • Longitude: -86.2159

    Address

  • Full Address: 487 Summer Grove Dr
  • Legal Unit: 49
  • Address - House Number: 487
  • 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: $502,867

    Appraisal Valuation

  • Standard Deviation: 0.1854
  • Valuation Date: Apr 05, 2023
  • Confidence Score: 75
  • Final Value: 396,348
  • High Value: 469,845
  • Low Value: 322,851

    Market Valuation

  • Market Total Value: $274,200
  • Market Land Value: $33,000
  • Market Improvement Value: $241,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $137,100
  • Assessed Land Value: $16,500
  • Assessed Improvements Value: $120,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 28, 2016
  • Current Sale Recording Date: May 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 06, 2003
  • Previous Sale Contract Date: Jun 27, 2003
  • Previous Sale Amount: $219,900
  • 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

Rentals Near You

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MichRIC

Listed by: Kimberly M Walker, Jaqua Realtors
Last Updated: 3 months ago
Data Source: MichRIC, MLS# 15054185
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 487 Summer Grove Drive built and last sold?
The property at 487 Summer Grove Drive was built in 2002 and last sold on Mar 28, 2016 for $228,000.
How much is this home worth?
The estimated value of the home located at 487 Summer Grove Drive is $271,316.
What are some comparable homes to 487 Summer Grove Drive?
There are currently no comparable homes to 487 Summer Grove Drive.
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