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Allegan 49453
6409 Ototeman Trail
$60,000
● Land - Off Market

6409 Ototeman Trail

Saugatuck, MI 49453
bedrooms
Studio
bathrooms
0 Bath
$90,908
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

1+ acre deep sandy wooded lot on a County Road cul-de-sac near Clearbrook Country Club in an established subdivision of homes in the $350 - 500k range.   Road is maintained by the county, there is no association and no association dues. This is the largest and last lot available in this desirable neighborhood of Potawatomi Pines. Build your dream home or second home on this gorgeous site. Just minutes to downtown Saugatuck and easy access to the Interstate Highway.
Unit Size
-
Days on Market
318 days
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$92
HOA Dues
-
Year Built
2020

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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: 2 years ago (MichRIC MLS #18046349)

Price History

Date / Event Date Event Price
Nov 13, 2020 Sold
Premium
Sold
Sep 28, 2020 Listed by Lighthouse Realty Co Inc $524,900
Listed by Lighthouse Realty Co Inc
Aug 20, 2019 Sold
Premium
Sold
Sep 17, 2018 Listed by Lighthouse Realty Co Inc $62,000
Listed by Lighthouse Realty Co Inc
May 22, 2017 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 1,582
  • Garage Type: 7
  • Garage Square Area: 880
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,657
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 1,027
  • Total Building Area: 2,128
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POTAWATOMI PINES
  • Land Acres: 0000000589
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 21 POTAWATOMI PINES SUBDIVISION SEC 3 T3N R16W (98)

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • District: 20
  • Parcel: 20-290-021-00
  • Lot: 21
  • Meridian: SEC 03 TWN 03N RNG 16W
  • Municipality: SAUGATUCK TWP
  • Latitude: 42.6718
  • Longitude: -86.1758

    Address

  • Full Address: 6409 Ototeman Trl
  • Address - House Number: 6409
  • Address - Street Name: Ototeman
  • Address - Suffix Type: Trl
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R002
  • 4-Digit Zip Code: 9417
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $773,767

    Appraisal Valuation

  • Standard Deviation: 0.2758
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 60
  • Final Value: 726,663
  • High Value: 927,124
  • Low Value: 526,202

    Market Valuation

  • Market Total Value: $527,000
  • Market Land Value: $49,800
  • Market Improvement Value: $477,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $263,500
  • Assessed Land Value: $24,900
  • Assessed Improvements Value: $238,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: Nov 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Aug 20, 2019
  • Previous Sale Contract Date: Aug 02, 2019
  • Previous Sale Amount: $60,000
  • 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

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: Tad William DeGraaf, Lighthouse Realty Co Inc
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 18046349
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 6409 Ototeman Trail built and last sold?
The property at 6409 Ototeman Trail was built in 2020 and last sold on Oct 30, 2020 for $525,000.
How much is this home worth?
The estimated value of the home located at 6409 Ototeman Trail is $529,087.
What are some comparable homes to 6409 Ototeman Trail?
There are currently no comparable homes to 6409 Ototeman Trail.
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