$1,309,000
$150K PRICE DROP

790 Lake St Saugatuck, MI 49453

Estimated payment $8,316/month

Total Views 25,605
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Water Views
  • 0.64 Acre Lot
  • Forced Air Heating and Cooling System
  • Douglas Elementary School Rated A
  • 1 Fireplace
  • High Speed Internet

About This Home

Price just reduced for this amazing 3 units 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.

Listing Agent

Joe Jovanovic

Redfin Corporation License #6501298582 Listed on: 02/20/2025

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,876

Year Built

  • Built in 1905

Lot Details

  • 0.64 Acre Lot
  • Lot Dimensions are 74 x 81 x 231 x 66 x 232
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Water Views
  • Washer and Gas Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 7 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Shared Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,876

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1905
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 74 x 81 x 231 x 66 x 232
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 12876.0
  • Tax Info:Zoning3: Res 1
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Util Avail at Street:Broadband: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Broadband
  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 1309000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront Features: River, Other
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 7.0
  • General Property Info:Total Parking Spaces: 7.0
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Gas Dryer Hookup, In Basement, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:Public Access 1 Mile or Less: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.64
  • Lot Size Area: 0.64
  • Lot Dimensions: 74 x 81 x 231 x 66 x 232
  • Lot Size Sq Ft: 27748.0
  • Zoning Description: Res 1

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 12876.0
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $12,877 $708,200 $97,900 $610,300
2024 -- $643,200 $84,200 $559,000
2023 -- $481,300 $67,100 $414,200
2022 $0 $435,800 $94,800 $341,000
2021 $9,555 $230,200 $86,200 $144,000
2020 $9,555 $236,200 $86,200 $150,000
2019 $0 $230,200 $73,300 $156,900
2018 $0 $192,100 $73,300 $118,800
2017 $0 $230,300 $108,400 $121,900
2016 $0 $187,200 $100,600 $86,600
2015 -- $187,200 $100,600 $86,600
2014 -- $248,200 $186,400 $61,800
2013 -- $175,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Price Changed $1,309,000 0.0% $381 / Sq Ft
05/02/2025 05/02/25 Price Changed $1,309,000 -10.3% --
02/20/2025 02/20/25 For Sale $1,459,000 0.0% --
02/20/2025 02/20/25 For Sale $1,459,000 -- $425 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Deed $230,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $410,000 New Conventional
Closed $54,316 Credit Line Revolving
Closed $360,000 Unknown
Closed $46,725 Unknown
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25006179

Southwestern Michigan Association of REALTORS®

APN: 57-514-035-00