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Saugatuck 49453
550 Mason Street
Photo of 550 Mason Street
Sold on Nov 8, 2024

26

Map

Photo of 550 Mason Street
Photo of 550 Mason Street
$580,000
● House - Off Market

550 Mason Street

Saugatuck, MI 49453
bedrooms
2 Beds
bathrooms
2 Baths
square feet
849 Ft²
$3,702
Est. Monthly
0.87%
Cap Rate

About This Property

Welcome Home to this charming, immaculately maintained house on the hill in Saugatuck. Conveniently located just a short walk from downtown Saugatuck and easily accessible to the adjoining town of Douglas, Oval beach, the sand dunes and the many shops, wineries and restaurants in the surrounding area. Live comfortably in this 2 bedroom, 2 bath with roomy living and kitchen areas. Enjoy the large, fenced backyard, perfect for relaxing or entertaining.  The covered patio is a great place to gather with friends or kick back with your favorite read. Whether you are looking for a special get away or year round home, this house will not disappoint.
Unit Size
849 Ft²
Days on Market
50 days
Land Size
0.20 acres
Price per sqft
$706
Property Type
House
Property Taxes
$761
HOA Dues
-
Year Built
1880

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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 #24049658)

Price History

Date / Event Date Event Price
Nov 8, 2024 Sold
Premium
Sold
Sep 19, 2024 Listed by Jaqua Realtors $599,000
Listed by Jaqua Realtors
May 16, 2022 Sold
Premium
Sold
Mar 24, 2022 Listed by Jaqua Realtors $469,900
Listed by Jaqua Realtors
Oct 18, 2017 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 849
  • Building Area: 849
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 849
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRISONS ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 2 MORRISON'S ADDITION BLK. 1.

Neighborhood

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

Zoning

  • Zoning: CR-COMM RE

Geography

  • District: 57
  • Parcel: 57-501-002-00
  • Block: 1
  • Lot: 2
  • Municipality: SAUGATUCK CITY
  • Latitude: 42.656
  • Longitude: -86.1995

    Address

  • Full Address: 550 Mason St
  • Address - House Number: 550
  • Address - Street Name: Mason
  • Address - Suffix Type: St
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R002
  • 4-Digit Zip Code: 9751
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $604,204

    Appraisal Valuation

  • Standard Deviation: 0.1061
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 89
  • Final Value: 472,851
  • High Value: 523,068
  • Low Value: 422,635

    Market Valuation

  • Market Total Value: $261,800
  • Market Land Value: $112,200
  • Market Improvement Value: $149,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $130,900
  • Assessed Land Value: $56,100
  • Assessed Improvements Value: $74,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10073
  • Previous Sale Recording Date: Oct 18, 2017
  • Previous Sale Contract Date: Sep 25, 2017
  • Previous Sale Amount: $240,000
  • 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 Saugatuck

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$493

Below Asking

0.04%

Average Days on Market

64

Average Home Size

2525 ft²

Average Home Age

69.3 years

Currently For Sale

12 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: Paula Cairo, Jaqua Realtors
Last Updated: 3 months ago
Data Source: MichRIC, MLS# 24049658
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 550 Mason Street built and last sold?
The property at 550 Mason Street was built in 1880 and last sold on May 6, 2022 for $469,900.
How much is this home worth?
The estimated value of the home located at 550 Mason Street is $586,433.
What are some comparable homes to 550 Mason Street?
There are currently no comparable homes to 550 Mason Street.
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