NOT LISTED FOR SALE

550 Spear St Saugatuck, MI 49453

Estimated Value: $1,707,283 - $1,918,000

4 Beds
3.5 Baths
3,664 Sq Ft
$487/Sq Ft Est. Value

Last Sold November 02, 2018

Last sale price $1,000,000 $273 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $12,009/month

279 Days on Market

Highlights

  • 99 Feet of Waterfront
  • Home fronts a pond
  • Contemporary Architecture
  • Douglas Elementary School Rated A
  • 1.7 Acre Lot
  • Wetlands on Lot

About This Home

As of November 2018

This remarkable home constructed in 2016 sits on a spectacular lot on the hill in Saugatuck. With clean contemporary lines and features throughout, you’ll have four bedrooms and three and a half baths. The main great room overlooks the Peterson Nature Preserve with breathtaking year round views. The gourmet kitchen is a cook’s dream as well as a friends and family gathering place. The home is all main floor living with two guest rooms and a bath on the second floor and a fourth bedroom and bath in the lower level. Top of the line fixtures throughout along with energy saving features make for comfortable living. A total of 3664 sq ft of pure contemporary elegance can be yours. All within walking distance to town and the area restaurants and attractions and a short drive to Lake Michigan.

Last Agent to Sell the Property

James Sellman

Jaqua Realtors Listed on: 12/29/2017

Last Buyer's Agent

James Sellman

James Sellman, Broker License #6504430666

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,852

Year Built

  • Built in 2016

Lot Details

  • 1.7 Acre Lot
  • Lot Dimensions are 99x297
  • Home fronts a pond
  • 99 Feet of Waterfront
  • Shrub
  • Sprinkler System
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Brick or Stone Mason
  • Composition Roof
  • HardiePlank Siding
  • Stone

Interior Spaces

  • 3,664 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Gas Log Fireplace
  • Insulated Windows
  • Living Room with Fireplace
  • Den with Fireplace
  • Screened Porch
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Snack Bar or Counter
  • Disposal

Flooring

  • Wood
  • Radiant Floor

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Low Flow Toliet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity

Outdoor Features

  • Wetlands on Lot
  • Patio

Utilities

  • Humidifier
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Programmable Thermostat
  • Natural Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Property is near a ravine

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,852

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Contemporary
  • Stories: 2
  • Year Built: 2016
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 99x297
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 3664.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • General Property Info:Design: Contemporary
  • Tax Info:Annual Property Tax: 13852.0
  • Waterfront Options:Water Access YN: No
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Ravine: Yes
  • Waterfront Options:Water Frontage3: 99.0
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Windows:Insulated Windows: Yes
  • Windows:Low Emissivity Windows: Yes
  • General Property Info:Fireplace: Yes
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Radiant: Yes
  • Appliances Microwave: Yes
  • Substructure:Walk Out: Yes
  • Additional Items:Humidifier: Yes
  • Water Heater:Natural Gas4: Yes
  • Landscape:Underground Sprinkler: Yes
  • Indoor Env Quality:Low Flow Toilets: Yes
  • Renewable HeatCool:Programmable Thermostat: Yes
  • Additional Items:Wood Floor: Yes
  • Substructure:Daylight: Yes
  • Appliances:Built in Oven: Yes
  • Lot Description:Wetland Area: Yes
  • Additional Items:Wet Bar: Yes
  • Renewable HeatCool:In Floor Radiant Heat: Yes
  • General Property Info:SqFt Above Grade: 2462.0
  • General Property Info Garage YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer, Refrigerator, Microwave, Dryer, Disposal, Dishwasher, Cooktop, Built in Oven
  • Interior Amenities: Garage Door Opener, Humidifier, Wet Bar, Wood Floor, Kitchen Island, Eat-in Kitchen, Pantry
  • Fireplace Features: Den, Gas Log, Living Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Daylight, Full, Walk-Out Access
  • LivingArea: 3664.0
  • Window Features: Low-Emissivity Windows, Insulated Windows
  • General Property Info:Stories2: 2.0
  • Kitchen Features:Eating Area: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Gas Log: Yes
  • Fireplace:Living: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes
  • Appliances:Cook Top: Yes
  • Fireplace:DenStudy: Yes

Exterior Features

  • Construction Materials: HardiPlank Type, Stone
  • Exterior Features: Scrn Porch, Porch(es), Patio
  • List Price: 1250000.0
  • Lot Features: Wooded, Wetland Area, Ravine
  • Road Surface Type: Paved
  • Water Body Name: Pond
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Porch(es): Yes
  • Exterior Material:Stone: Yes
  • Exterior Features:Scrn Porch: Yes
  • Exterior Material:HardPlankCement Board: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Radiant
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected, Storm Sewer, Public Water, Public Sewer, Broadband
  • Water Source: Public

Association/Amenities

  • Water Fea Amenities:View: Yes

Green Features

  • Green Indoor Air Quality: Low Flow Toilets
  • Green Energy Effic:Energy Star Appliance(s): Yes
  • Green Energy Effic:Energy Efficient Windows: Yes
  • Green Energy Effic:Natural Day Lighting Windows: Yes
  • Green Energy Effic:Chemical Free Insulation: Yes

Lot Info

  • Lot Size Acres: 1.7
  • Lot Size Area: 1.7
  • Lot Dimensions: 99x297
  • Lot Size Sq Ft: 74052.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13852.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2017
Closed on
Nov 2, 2018
Sold by
Kadlec Adam and Kadlec Saba
Bought by
Kimble Mark A and Kimble Nancy S
Seller's Agent
James Sellman
Jaqua Realtors
Buyer's Agent
James Sellman
James Sellman, Broker
List Price
$1,400,000
Sold Price
$1,000,000
Premium/Discount to List
-$400,000
-28.57%
Current Estimated Value
$1,848,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$848,380
Avg. Annual Appreciation
8.67%

Purchase Details

Listed on
Feb 5, 2015
Closed on
Feb 17, 2015
Sold by
Locker Tim A and Locker Debora R
Bought by
Kadlec Adam and Kadlec Saba
Seller's Agent
James Sellman
Jaqua Realtors
Buyer's Agent
James Sellman
James Sellman, Broker
List Price
$469,000
Sold Price
$318,000
Premium/Discount to List
-$151,000
-32.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.18%
Original Mortgage
$318,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Kimble Mark A $1,000,000 Premier Lakeshore Title Agen
Kadlec Adam $318,000 Premier Lakeshore Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kadlec Adam $1,000,000
Previous Owner Kadlec Adam $902,500
Previous Owner Kadlec Adam $318,000
Previous Owner Locker Tim A $100,921
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2018 11/02/18 Sold $1,000,000 -28.6% $273 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
12/29/2017 12/29/17 For Sale $1,400,000 +340.3% $382 / Sq Ft
02/17/2015 02/17/15 Sold $318,000 -32.2% $269 / Sq Ft
02/06/2015 02/06/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $469,000 -- $397 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $23,260 $1,277,100 $146,800 $1,130,300
2024 -- $905,700 $126,200 $779,500
2023 -- $688,700 $88,600 $600,100
2022 $0 $731,100 $200,800 $530,300
2021 $19,332 $517,300 $182,600 $334,700
2020 $19,332 $515,800 $182,600 $333,200
2019 $0 $470,400 $220,500 $249,900
2018 $0 $532,200 $115,700 $416,500
2017 $0 $348,100 $110,300 $237,800
2016 $0 $143,800 $108,200 $35,600
2015 -- $143,800 $108,200 $35,600
2014 -- $239,000 $193,000 $46,000
2013 -- $213,400 $179,700 $33,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17060138

Southwestern Michigan Association of REALTORS®

APN: 57-209-042-00