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$695,000

Beds
2
Baths
2.0
sq ft
1,040

16 Park St, Saugatuck, MI 49453

16 Park St

Saugatuck, MI 49453

  • 282 days on market
    • Price drop $100,000↓
Welcome to 16 Park, the ideal set up for a live in one unit, rent out the other living. Nestled into a lovely wooded setting with a water view of Kalamazoo Lake. Professionally renovated with quality fixtures and materials, the home has a modern feel with vintage touches. Utmost care was given to keep the two units isolated and ensure privacy with separate driveways, parking, entrances, decks, and furnace/central air systems. Beautiful landscaping and outdoor spaces provide a tranquil setting to enjoy your perfect Saugatuck getaway! Located across from the Saugatuck Yacht Club and minutes to the Chain Ferry to transport you to Downtown Saugatuck Shops and Cafes. Lake Michigan Beaches nearby.

Details

Property type

Single Family Residence

Est. home value

$562,846

Lot size

0.68 acres

Price per sq ft

$669

Year built

1994

Annual property taxes

$9,147.84

Price History

07/20/2024
Realcomp

Realcomp #71023144620

Price change
$695,000
-12.58%
04/21/2024
Realcomp

Realcomp #71023144620

Price change
$795,000
-3.64%
12/12/2023
Realcomp

Realcomp #71023144620

Listed
$825,000
+126.03%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Saugatuck

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$285,010
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$354,390
Cash to seller
$285,010

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Lake Michigan Cu

Loan start date

May 2023

Original loan amount

$360,000

Est. remaining balance

$354,390

Interest rate

6.32%

Loan type

New Conventional, 30 year

Seller

Teresa M Lanning

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 7:05 PM

Listing updated: 09/12/2024 at 5:21 PM

Listed by: William Edward Underdown, CENTURY 21 Affiliated Phone #: (269) 857-2121

MLS: Realcomp #71023144620

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