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Allegan 49453
6268 Chippewa Avenue
Photo of 6268 Chippewa Avenue
Sold on Dec 23, 2015

3

Map

Photo of 6268 Chippewa Avenue
Photo of 6268 Chippewa Avenue
$36,000
● Land - Off Market

6268 Chippewa Avenue

Saugatuck, MI 49453
bedrooms
Studio
bathrooms
0 Bath
$69,223
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Picture your dream cottage/home amongst the spreading oaks in the beautiful Indian Point section of Saugatuck Township -on the sunset side of Chippewa Avenue. The land adjoins acres of government owned forests on the banks of the Kalamazoo River. Natural Gas, Utilities and Cable available.
Unit Size
-
Days on Market
343 days
Land Size
0.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
$76
HOA Dues
-
Year Built
2016

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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 #15001652)

Price History

Date / Event Date Event Price
Dec 21, 2018 Sold
Premium
Sold
Nov 1, 2018 Listed by Jaqua Realtors $429,900
Listed by Jaqua Realtors
Dec 30, 2015 Sold
Premium
Sold
Jan 12, 2015 Listed by Jaqua Realtors $39,000
Listed by Jaqua Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,787
  • Garage Type: 7
  • Garage Square Area: 710
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,609
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 1,060
  • Total Building Area: 2,232
  • Building Area: 2,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,232
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPREADING OAKS CONDOMINIUM
  • Land Acres: 0000001070
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 12 SPREADING OAKS CONDOMINIUM SEC 14 T3N R16W (94)

Neighborhood

  • School District Name: Saugatuck Public Schools
  • School Tax School District: SAUGATUCK
  • Census Tract: 030802

Zoning

  • Zoning: R-2

Geography

  • District: 20
  • Parcel: 20-370-012-00
  • Meridian: SEC 14 TWN 03N RNG 16W
  • Municipality: SAUGATUCK TWP
  • Latitude: 42.6443
  • Longitude: -86.1606

    Address

  • Full Address: 6268 Chippewa Ave
  • Legal Unit: 12
  • Address - House Number: 6268
  • Address - Street Name: Chippewa
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R001
  • 4-Digit Zip Code: 9670
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1811
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 671,385
  • High Value: 793,001
  • Low Value: 549,769

    Market Valuation

  • Market Total Value: $585,600
  • Market Land Value: $37,000
  • Market Improvement Value: $548,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,800
  • Assessed Land Value: $18,500
  • Assessed Improvements Value: $274,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 14, 2018
  • Current Sale Recording Date: Dec 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 30, 2015
  • Previous Sale Contract Date: Dec 23, 2015
  • Previous Sale Amount: $36,000
  • 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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2158 ft²

Average Home Age

49.9 years

Currently For Sale

323 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: William Edward Underdown, Jaqua Realtors
Last Updated: 3 months ago
Data Source: MichRIC, MLS# 15001652
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 6268 Chippewa Avenue built and last sold?
The property at 6268 Chippewa Avenue was built in 2016 and last sold on Dec 14, 2018 for $416,300.
How much is this home worth?
The estimated value of the home located at 6268 Chippewa Avenue is $433,951.
What are some comparable homes to 6268 Chippewa Avenue?
There are currently no comparable homes to 6268 Chippewa Avenue.
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