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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

Saugatuck, MI 49453

  • 3 days on market
Whether you're looking for a family compound or an income property, this is an amazing home with 3,434 sq.ft, 5 bedrooms, 3.5 baths and 3 kitchens. First floor currently owners occupied has 2 bedrooms, 2 baths, living room, formal dining room, a wet bar, a 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 lovely 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. Property is meticulously maintained with many recent updates and is located in downtown of...Saugatuck near the bridge just a short stroll to the restaurants, shops, and art galleries of Saugatuck and Douglas. Offered as a Turn Key with strong rental income history and a potential for new owner to get new STR permit.

Details

Property type

Single Family Residence

Est. home value

$1,361,553

Lot size

0.64 acres

Price per sq ft

$425

Year built

1870

Annual property taxes

$12,876

Price History

02/20/2025
Realcomp

Realcomp #65025006177

Listed
$1,459,000

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

$972,891
Asking price
$1,459,000
Closing costs (~8% of asking)
-$116,720
Est. remaining loan balance
-$369,389
Cash to seller
$972,891

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

$369,389

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?

Status: Active

Tomo last checked: 02/23/2025 at 10:35 AM

Listing updated: 02/21/2025 at 10:29 AM

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

MLS: Realcomp #65025006177

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