3578 Saginaw St

• Lakefront Location: The lakefront location significantly increases the property's value, offering recreational opportunities and scenic views • Dock: The presence of a dock enhances the property's appeal for boating and water activities • Multiple Storage Sheds: The multiple storage sheds provide ample space for storing outdoor equipment and tools, adding convenience and value • Lakefront Property • Dock • Multiple Storage Sheds • Price Position: At $362.85/sqft, this property is significantly overpriced compared to the median price/sqft of $117 in the 48748 zip code, indicating a substantial premium for lake frontage and property features. • Appreciation Trend: Homes in 48748 have sold for 5.8% more than they did a year ago, but this property's current listing price represents a 39.4% increase since its previous listing in August 2024, potentially outpacing market appreciation. • Rental Income: $1,000/month with 80% occupancy (0.0% cap rate) • Schools: The presence of a high-performing high school (9/10 rating) adds an estimated 5-7% premium to property values compared to areas with lower-rated schools. The elementary school (8/10) also contributes positively. • Future Development: No specific major development projects are planned near 3578 Saginaw St, National City, MI 48748. • The layout is functional but could be improved with some remodeling to create a more open and modern living space. The wood paneling throughout the interior creates a somewhat closed-in feel.