1501 W Water St Unit 22 New Buffalo, MI 49117
Estimated Value: $619,000 - $730,367
2
Beds
2.5
Baths
1,254
Sq Ft
$355/mo
HOA Fee
Highlights
- Waterfront
- Deck
- Traditional Architecture
- New Buffalo Elementary School Rated A
- Wooded Lot
- Wood Flooring
About This Home
As of June 2022LAKEFRONT CONDO offering unobstructed views of Lake Michigan. Spectacular views of the Chicago skyline straight due West! This two bedroom condo is located just steps from the Association pool, tennis court and Association hiking trails. If you're looking for a great get-away, this is the place to be! Features of this wonderful condo include a wood burning fireplace in the living room, a large outdoor patio overlooking the lake and pool, an updated kitchen, wood floors on the main floor, and new carpeting on the second floor. The primary bedroom offers a private balcony overlooking Lake Michigan. The marina, specialty shops, fine dining and Amtrak Station are just a short distance away.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Chicago License #6506044291 Listed on: 04/18/2022
Last Buyer's Agent
Betty Biernacki
CENTURY 21 1st Team, Inc.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,040
Year Built
- Built in 1986
Lot Details
- Waterfront
- Property fronts a private road
- Terraced Lot
- Wooded Lot
HOA Fees
- $355 Monthly HOA Fees
Home Design
- Traditional Architecture
- Slab Foundation
- Wood Siding
Interior Spaces
- 1,254 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Burning Fireplace
- Window Treatments
- Living Room with Fireplace
- Water Views
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
- Deck
Location
- Interior Unit
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
Overview
- Association fees include snow removal, lawn/yard care, cable/satellite
- Warwick Shores Condos
Recreation
- Tennis Courts
- Community Playground
- Community Pool
- Recreational Area
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2022
Closed on
Jun 29, 2022
Sold by
Carrozza John R and Carrozza Marianne L
Bought by
Bear Paul Jeremy and Bear Lisa Anne
Seller's Agent
Betty Biernacki
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Betty Biernacki
Berkshire Hathaway HomeServices Chicago
List Price
$650,000
Sold Price
$605,000
Premium/Discount to List
-$45,000
-6.92%
Total Days on Market
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,092
Avg. Annual Appreciation
3.65%
Original Mortgage
$484,000
Outstanding Balance
$459,200
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$212,892
Purchase Details
Closed on
Jun 30, 2009
Sold by
Margolis Joan
Bought by
Carrozza John R and Carrozza Marianne L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.32%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 22, 2009
Sold by
Margolis Joan and Margolis Howard
Bought by
Margolis Joan
Purchase Details
Closed on
Oct 30, 1992
Purchase Details
Closed on
Jul 12, 1991
Purchase Details
Closed on
Oct 13, 1989
Purchase Details
Closed on
Aug 13, 1988
Similar Homes in New Buffalo, MI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bear Paul Jeremy | -- | Guy Debra A | |
| Carrozza John R | -- | Multiple | |
| Margolis Joan | -- | None Available | |
| -- | $235,000 | -- | |
| -- | $199,000 | -- | |
| -- | $177,000 | -- | |
| -- | $156,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bear Paul Jeremy | $484,000 | |
| Previous Owner | Carrozza John R | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2022 06/29/22 | Sold | $605,000 | -3.8% | $482 / Sq Ft |
| 05/06/2022 05/06/22 | Price Changed | $629,000 | -3.2% | $502 / Sq Ft |
| 04/18/2022 04/18/22 | For Sale | $650,000 | -- | $518 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $12,132 | $301,100 | $0 | $0 |
| 2024 | $8,005 | $264,700 | $0 | $0 |
| 2023 | $8,012 | $262,600 | $0 | $0 |
| 2022 | $4,711 | $185,500 | $0 | $0 |
| 2021 | $6,932 | $177,700 | $33,200 | $144,500 |
| 2020 | $6,844 | $147,400 | $0 | $0 |
| 2019 | $9,093 | $190,000 | $0 | $0 |
| 2018 | $8,881 | $190,000 | $0 | $0 |
| 2017 | $10,515 | $262,900 | $0 | $0 |
| 2016 | $10,319 | $259,900 | $0 | $0 |
| 2015 | $10,291 | $215,400 | $0 | $0 |
| 2014 | $6,877 | $214,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Betty Biernacki
Seller's Agent in 2022
Betty Biernacki
Berkshire Hathaway HomeServices Chicago
(269) 469-8300
164 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 22013201
APN: 11-62-8402-0022-00-6
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