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Saugatuck 49453
823 Mason Street
$125,000
● Land - Off Market

823 Mason Street

Saugatuck, MI 49453
bedrooms
Studio
bathrooms
0 Bath
$188,826
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Rare building site opportunity on The Hill in Saugatuck! This generous lot is a city lot and a half in size, equaling a third of an acre. The lot has been cleared, and also has a beautiful cedar fence along the side and back. Walk to downtown Saugatuck to your favorite shops, restaurants, Center for the Arts, parades etc. A great place for your dream home or weekend cottage. All utilities at the street.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$225
HOA Dues
-
Year Built
2020

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #19026552)

Price History

Date / Event Date Event Price
Dec 5, 2019 Sold
Premium
Sold
Jun 12, 2019 Listed by Coldwell Banker Woodland Schmidt Saugatuck $129,000
Listed by Coldwell Banker Woodland Schmidt Saugatuck

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,491
  • Garage Type: 7
  • Garage Square Area: 728
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 990
  • Total Building Area: 3,165
  • Building Area: 3,165
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,165
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LELANDS ADD
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 19 & N 1/2 LOT 20 LELAND'S ADDITION SEC 9 T3N R16W (2018). SPLIT/COMBINED ON 10/11/2017 FROM 57-350-019-00;

Neighborhood

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

Zoning

  • Zoning: CR-COMM RE

Geography

  • District: 57
  • Parcel: 57-350-019-01
  • Lot: 19-20
  • Meridian: SEC 09 TWN 03N RNG 16W
  • Municipality: SAUGATUCK CITY
  • Latitude: 42.6556
  • Longitude: -86.1957

    Address

  • Full Address: 823 Mason St
  • Address - House Number: 823
  • Address - Street Name: Mason
  • Address - Suffix Type: St
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R002
  • 4-Digit Zip Code: 9639
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 1,313,229
  • High Value: 1,569,805
  • Low Value: 1,056,652

    Market Valuation

  • Market Total Value: $1,096,800
  • Market Land Value: $177,200
  • Market Improvement Value: $919,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $548,400
  • Assessed Land Value: $88,600
  • Assessed Improvements Value: $459,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Dec 05, 2019
  • Current Sale Price:
    Premium
  • Current 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

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: David Michael Hulst, Coldwell Banker Woodland Schmidt Saugatuck
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19026552
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 823 Mason Street built and last sold?
The property at 823 Mason Street was built in 2020 and last sold on Nov 22, 2019 for $125,000.
How much is this home worth?
The estimated value of the home located at 823 Mason Street is $130,290.
What are some comparable homes to 823 Mason Street?
There are currently no comparable homes to 823 Mason Street.
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