NOT LISTED FOR SALE

842 Lake St Unit 5 Saugatuck, MI 49453

Estimated Value: $185,000 - $280,000

1 Bed
1 Bath
260 Sq Ft
$100/mo HOA Fee

Last Sold September 21, 2018

Last sale price $79,000 $304 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $1,556/month

12 Days on Market

Highlights

  • Water Views
  • Recreation Room
  • Ceiling Fan
  • Douglas Elementary School Rated A
  • Living Room
  • Baseboard Heating

About This Home

As of September 2018

Great investment property in the heart of downtown Saugatuck. Saugatuck's Arrowhead Resort with views of the harbor across the street. This studio condo has a great room with kitchen and a bathroom right off the kitchen.
Walk into town and enjoy all of Saugatuck/Douglas amenities. Lake Michigan beaches are just a short drive down the road. One parking spot per unit.

Last Agent to Sell the Property

Tammy Kerr

BHG Connections License #6502433373 Listed on: 07/23/2018

BHG Connections

Last Buyer's Agent

Brian Wellman

RE/MAX Lakeshore License #6501382765

RE/MAX Lakeshore

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,099

Year Built

  • Built in 1950

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Cabin
  • Slab Foundation
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 260 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Recreation Room
  • Laminate Flooring
  • Water Views
  • Laundry on main level

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Baseboard Heating

Community Details

Overview

  • Arrowhead Resort Condos

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,099

Year Built

Built in 1950

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: condo
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 260.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1099.0
  • Tax Info:Zoning3: Resort Dist C4
  • Waterfront Options:Water Access YN: No
  • Manufactured:Manufactured YN: No
  • Appliances Refrigerators: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Substructure:Slab: Yes
  • Additional Items:Ceiling Fans: Yes
  • Appliances Microwave: Yes
  • Roofing:Metal: Yes
  • General Property Info:Condo Proj Name: Arrowhead Resort
  • General Property Info:Pets YN: Yes
  • Heat Type:Baseboard: Yes
  • General Property Info:SqFt Above Grade: 260.0
  • General Property Info Garage YN: No
  • Flooring:Laminate Floor: Yes
  • Architectural Style Cabin: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Range, Microwave
  • Interior Amenities: Ceiling Fan(s), Laminate Floor
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Slab
  • LivingArea: 260.0
  • General Property Info:Stories2: 1.0
  • Appliances Range: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 84000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heat Source:Electric2: Yes

Condo/Co-op/Association

  • Association Amenities: Pets Allowed
  • Association Fee: 100.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 100.0
  • Association Info:Assoc Buy in Fee: 0
  • Association Info:Assoc Fee Payable: Monthly
  • Water Fea Amenities:View: Yes
  • Assoc Amenities:Pets Allowed2: Yes

Lot Info

  • Lot Dimensions: condo
  • Zoning Description: Resort Dist C4
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1099.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Sep 21, 2018
Sold by
Sappanos Donld L
Bought by
Raymond Carmoray Kathleen and Raymond Carmoray
Seller's Agent
Tammy Kerr
BHG Connections
Buyer's Agent
Brian Wellman
RE/MAX Lakeshore
List Price
$84,000
Sold Price
$79,000
Premium/Discount to List
-$5,000
-5.95%
Current Estimated Value
$227,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,478
Avg. Annual Appreciation
15.06%
Original Mortgage
$63,200
Outstanding Balance
$56,655
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$151,292

Purchase Details

Closed on
Apr 5, 2002
Sold by
Price Richard C
Bought by
Sappanos Donald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
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
Raymond Carmoray Kathleen $79,000 Chicago Title Of Michigan
Sappanos Donald L $97,260 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raymond Carmoray Kathleen $63,200
Previous Owner Sappanos Donald L $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $79,000 -6.0% $304 / Sq Ft
08/04/2018 08/04/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $84,000 -- $323 / 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 $2,517 $94,900 $39,200 $55,700
2024 -- $77,800 $31,300 $46,500
2023 -- $63,700 $32,000 $31,700
2022 $0 $59,500 $30,000 $29,500
2021 $2,126 $58,000 $27,500 $30,500
2020 $2,126 $40,600 $25,000 $15,600
2019 $0 $36,100 $20,000 $16,100
2018 $0 $33,400 $20,000 $13,400
2017 $0 $33,700 $20,000 $13,700
2016 $0 $18,500 $8,800 $9,700
2015 -- $18,500 $8,800 $9,700
2014 -- $18,100 $8,800 $9,300
2013 -- $17,800 $8,800 $9,000
Source: Public Records

Agents Affiliated with this Home

  • Tammy Kerr

    Seller's Agent in 2018

    Tammy Kerr

    BHG Connections

    (616) 218-0873

    45 in this area

    269 Total Sales

    Section Image

  • B

    Buyer's Agent in 2018

    Brian Wellman

    RE/MAX Michigan

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18011141

Southwestern Michigan Association of REALTORS®

APN: 57-030-005-00

Michigan Allegan County Saugatuck 49453

842 Lake St Unit 5, Saugatuck, MI

This home is located at 842 Lake St Unit 5, Saugatuck, MI 49453 since 23 July 2018 and is currently estimated at $227,478, approximately $874 per square foot. This property was built in 1950. 842 Lake St Unit 5 is a home located in Allegan County with nearby schools including Douglas Elementary School, Saugatuck Middle School, and Saugatuck High School.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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