NOT LISTED FOR SALE

533 Water St Unit 5 Saugatuck, MI 49453

Estimated Value: $243,220 - $515,000

1 Bed
1 Bath
490 Sq Ft
$140/mo HOA Fee

Last Sold June 14, 2012

Last sale price $110,000 $224 Per Sq Ft

Est. 239% increase in value since last sale

Current estimated payment $2,502/month

Highlights

  • Colonial Architecture
  • Deck
  • Cooling System Mounted In Outer Wall Opening
  • Douglas Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to Village Green Park

About This Home

As of June 2012

Affordable, main level condo located in the heart of Saugatuck. By-laws allow for rentals nightly, weekly or monthly. Get return on your Saugatuck investment when you are not here to enjoy. This unit comes completely furnished making it a turn key opportunity. Located downtown Saugatuck across from the Chain Ferry and Ship and Shore Motel with water views of the Kalamazoo River and Wicks Park, a great location at an affordable price. Tiled bathroom and hardwood floors throughout the living area and bedroom. Current nightly rents are $150 to $255 per night This unit has one deeded parking place in rear parking lot.

Last Agent to Sell the Property

Tad DeGraaf

Lighthouse Realty Co Inc Listed on: 06/14/2012

Last Buyer's Agent

Tad De Graaf

BHG Connections License #6501266126

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1962

Lot Details

  • Shrub

HOA Fees

  • $140 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Composition Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 490 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Living Room
  • Basement
  • Crawl Space

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Shed
  • Storage Shed

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Property Details

Home Type

Condominium

Year Built

Built in 1962

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • ArchitecturalStyle: Colonial
  • Stories: 2
  • Year Built: 1962
  • Location Property Info:Property Sub-Type: Condominium
  • OfficeContract Info:List PriceSqFt2: 224.49
  • General Property Info:Lot Dimensions: 54x56
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 490.0
  • Tax Info:Annual Property Tax: 3093.0
  • Tax Info:Zoning3: WSE
  • Roofing:Composition: Yes
  • Manufactured:Manufactured YN: No
  • Appliances Refrigerators: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Windows:Insulated Windows: Yes
  • General Property Info:Fireplace: No
  • Heat Type:Hot Water: Yes
  • Heat Type:Radiant: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Substructure:Crawl Space: Yes
  • General Property Info:SqFt Above Grade: 490.0
  • General Property Info Garage YN: No
  • Flooring:Wood Floor: Yes
  • Flooring:Laminate Floor: Yes
  • Architectural Style:Colonial: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Oven, Range, Refrigerator
  • Flooring: Laminate, Wood
  • Interior Amenities: Ceiling Fan(s), Broadband, Pantry
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space
  • LivingArea: 490.0
  • Window Features: Insulated Windows, Window Treatments
  • General Property Info:Stories2: 2.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features Pantry: Yes

Exterior Features

  • Construction Materials: Shingle Siding, Wood Siding
  • List Price: 110000.0
  • Lot Features: Sidewalk
  • Other Structures: Shed(s)
  • Patio and Porch Features: Deck
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Shingle Siding: Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water, Radiant
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected, Storm Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 140.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 140.0
  • Association Info:Assoc Fee Payable: Monthly

Lot Info

  • Lot Dimensions: 54x56
  • Zoning Description: WSE

Tax Info

  • Tax Annual Amount: 3093.0
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2017
Sold by
Re Lax Rentals Llc
Bought by
Robyns Nest Saugatuck Llc
Current Estimated Value
$372,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,500
Outstanding Balance
$264,640
Interest Rate
4.3%
Mortgage Type
Unknown
Estimated Equity
$108,100

Purchase Details

Listed on
Jun 14, 2012
Closed on
Jun 14, 2012
Sold by
Steele Sean and Steele Jennifer
Bought by
Re/Lax Rentals Llc
Seller's Agent
Tad DeGraaf
Lighthouse Realty Co Inc
Buyer's Agent
Tad De Graaf
BHG Connections
List Price
$110,000
Sold Price
$110,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.44%
Original Mortgage
$82,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2012
Sold by
Wilson Fred Monroe and Wilson Claytonia L
Bought by
Wilson Fred and Wilson Claytonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,038
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2012
Sold by
Wilson Fred M and Wilson Clayton L
Bought by
Wilson Fred Monroe and Wilson Claytonia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,038
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2000
Sold by
Poletes George
Bought by
Wilson Fred M and Wilson Claytonia

Purchase Details

Closed on
Apr 19, 2000
Sold by
Hollenbeck James
Bought by
Poletes George

Purchase Details

Closed on
Feb 29, 2000
Bought by
Hollenbeck James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Robyns Nest Saugatuck Llc $422,000 Cfc Title Services Inc
Re/Lax Rentals Llc -- None Available
Wilson Fred -- Nations Title Agency
Wilson Fred Monroe -- None Available
Wilson Fred M $85,000 --
Poletes George -- --
Hollenbeck James $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robyns Nest Saugatuck Llc $316,500
Previous Owner Re/Lax Rentals Llc $82,500
Previous Owner Wilson Fred $60,038
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2012 06/14/12 Sold $110,000 0.0% $224 / Sq Ft
06/14/2012 06/14/12 Pending -- -- --
06/14/2012 06/14/12 For Sale $110,000 -- $224 / Sq Ft
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,842 $102,700 $65,500 $37,200
2024 -- $89,700 $55,000 $34,700
2023 -- $77,800 $48,800 $29,000
2022 $0 $84,500 $57,800 $26,700
2021 $4,496 $77,400 $52,500 $24,900
2020 $4,496 $77,800 $52,500 $25,300
2019 $0 $77,600 $52,500 $25,100
2018 $0 $77,000 $52,500 $24,500
2017 $0 $74,000 $42,200 $31,800
2016 $0 $75,800 $42,200 $33,600
2015 -- $75,800 $42,200 $33,600
2014 -- $72,500 $42,200 $30,300
2013 -- $57,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Tad DeGraaf

    Lighthouse Realty Co Inc

  • Tad De Graaf

    Buyer's Agent in 2012

    Tad De Graaf

    BHG Connections

    (269) 857-1204

    8 in this area

    33 Total Sales

    Tad De Graaf
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 12033293

MichRIC

APN: 57-820-005-00

Michigan Allegan County Saugatuck 49453

533 Water St Unit 5, Saugatuck, MI

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes