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$1,459,000

Beds
5
Baths
3.5
sq ft
3,434

790 Lake St, Saugatuck, MI 49453

790 Lake St

SaugatuckCity_Allegan, MI 49453

  • 41 days on market
Amazing single family home or an income property with 3,434 sq.ft, 5 bedrooms, 3.5 baths and 3 kitchens. Owners occupied first floor has 2 bedrooms, 2 baths, living room, formal dining room, a wet bar, well appointed kitchen, breakfast room and huge covered porch. The front 2nd floor unit has 2 bedrooms, a bath, kitchen, large living room and a porch with water views. The rear 2nd floor unit has 1 bedroom, a bath, kitchen, living room, and a porch that overlooks backyard and the pool area. Ample parking with 7 places plus a 2 car garage. The beautifully landscaped grounds include 2 koi ponds, patio, fire pit and an in-ground pool. Meticulously maintained property with many recent updates located in downtown of Saugatuck near the bridge just a short stroll to the restaurants, shops, and...art galleries of Saugatuck and Douglas. Turn Key sale, strong rental income history and a potential for new owner to get new STR permit. Rental history and a list of all updates available in documents.

Details

Property type

Single Family Residence

Est. home value

$1,361,553

Lot size

0.64 acres

Price per sq ft

$425

Year built

1905

Annual property taxes

$12,876

Price History

03/13/2025
Realcomp

Realcomp #65025006177

Listed
$1,459,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High 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

$974,399
Asking price
$1,459,000
Closing costs (~8% of asking)
-$116,720
Est. remaining loan balance
-$367,881
Cash to seller
$974,399

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

Seller’s Loan History

Lender

The Huntington National Bank

Loan start date

February 2020

Original loan amount

$410,000

Est. remaining balance

$367,881

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

John T Porzondek and James B Serman

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: 04/02/2025 at 2:45 PM

Listing updated: 03/25/2025 at 9:21 AM

Listed by: Joe Jovanovic, Redfin Corporation Phone #: (616) 421-3381

MLS: Realcomp #65025006177

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