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Saugatuck 49453
876 Park Street
$270,000
● House - Off Market

876 Park Street

Saugatuck, MI 49453
bedrooms
2 Beds
bathrooms
1 Bath
square feet
880 Ft²
$334,495
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Unique charming seasonal cottage perched high up on top of dune with breathtaking views overlooking the Kalamazoo River channel & surrounded by the natural woods of the Saugatuck Nature Preserve. First time offering! Grandmother built it in 1931 and has been a family cottage ever since, 90 yrs. Kitchen and full bath completely redone, new hot water heater and shut off valves under home for easy winterization. 60 x 80 lot size, nice exterior deck &  porch for enjoying the beautiful private location. The cottage has some neat interior spaces & 5 sleeping areas for family or guests. Cozy fireplace in main living room for cool nights. This is a very rare property for the right buyer. Shared drive easement granted by the City of Saugatuck through dunes for access. Truly a special place.
Unit Size
880 Ft²
Days on Market
31 days
Land Size
0.11 acres
Price per sqft
$306
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1932

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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 #21005312)

Price History

Date / Event Date Event Price
Apr 2, 2021 Sold
Premium
Sold
Feb 20, 2021 Listed by Lighthouse Realty Co Inc $269,000
Listed by Lighthouse Realty Co Inc

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 588
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 600
  • Total Building Area: 588
  • Building Area: 588
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 588
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: PT OF NW 1/4 SEC 9 T3N R16W; DESCRIBED AS: COM AT NW COR SD SEC; TH N90DEG 00'00E 1323.53 FT ALG N LN SD SED TO NE COR OF W

Neighborhood

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

Zoning

  • Zoning: CRC

Geography

  • District: 57
  • Parcel: 57-009-026-01
  • Meridian: SEC 09 TWN 03N RNG 16W
  • Municipality: SAUGATUCK CITY
  • Latitude: 42.6649
  • Longitude: -86.2037

    Address

  • Full Address: 876 Park St
  • Address - House Number: 876
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MI
  • City Name: Saugatuck
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: May 17, 2023
  • Confidence Score: 73
  • Final Value: 342,667
  • High Value: 411,181
  • Low Value: 274,153

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $133,400
  • Market Improvement Value: $66,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,000
  • Assessed Land Value: $66,700
  • Assessed Improvements Value: $33,300

    Sales

  • Current Sale Contract Date: Mar 26, 2021
  • Current Sale Recording Date: Apr 02, 2021
  • 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

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MichRIC

Listed by: Tad William DeGraaf, Lighthouse Realty Co Inc
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 21005312
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 876 Park Street built and last sold?
The property at 876 Park Street was built in 1932 and last sold on Mar 26, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 876 Park Street is $281,008.
What are some comparable homes to 876 Park Street?
There are currently no comparable homes to 876 Park Street.
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