NOT LISTED FOR SALE

230 E State St Colon, MI 49040

Estimated Value: $287,000 - $428,000

5 Beds
2 Baths
2,704 Sq Ft
$126/Sq Ft Est. Value

Last Sold February 24, 2012

Last sale price $123,000 $45 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $2,008/month

146 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Community Lake
  • Porch

About This Home

As of February 2012

PRICE KEEPS GETTING BETTER AND BETTER!! Check out the VA vendee financing good for owners and landlords as well. This is a once in a lifetime property that combines history and waterfront. This is a large brick home that is in good shape and has water on 3 sides with frontage on Palmer Lake. There are large rooms and high ceilings throughout the home. This property has a ton of character and has many possibilities. The lot is nice and is well landscaped. Buyers to verify information regarding taxes and homestead status. This property is elegible for VA Vendee financing which allows 0% down for owner occupants and you do not have to be a Vetran to qualify, non-owner occupants can purchase for as little as 5% down with anticipated rent going toward PITI. Please go to https://va.equator.com/ for more details. All buyers must be prequalified with Bank of America. Home sold As-is Where is.

Last Agent to Sell the Property

Ryan Rider

Berkshire Hathaway HomeServices MI License #6501273398 Listed on: 08/16/2011

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Ryan Rider

CENTURY 21 Southwest RealtyInc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1850

Lot Details

  • 3,485 Sq Ft Lot
  • 150 Feet of Waterfront
  • Shrub

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2,704 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Water Access
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Community Lake

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1850
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 46.56
  • General Property Info:Lot Dimensions: Irr
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2704.0
  • General Property Info:Design: Traditional
  • Tax Info:Annual Property Tax: 3280.0
  • Tax Info:Zoning3: Res
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Waterfront Options:Water Frontage3: 150.0
  • General Property Info:Fireplace: No
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 2704.0
  • Special Features: 5120
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 5
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 2704.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 1200.0

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Porch(es)
  • List Price: 125900.0
  • Water Body Name: Palmer Lake
  • Waterfront: Yes
  • Exterior Features:Porch(es): Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lake

Association/Amenities

  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: Irr
  • Lot Size Sq Ft: 3485.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3280.0
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2011
Sold by
Gmac Mortgage Llc
Bought by
Secretary Of Veterans Affairs
Current Estimated Value
$339,648

Purchase Details

Closed on
Apr 19, 2011
Sold by
Weaver Walter L and Weaver Mary Macintosh
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Aug 24, 2009
Sold by
Weaver Walter L and Weaver Mary Macintosh
Bought by
Weaver Walter L and Weaver Mary Macintosh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,729
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Oct 26, 2007
Sold by
Yaple Edward L and Yaple Rebecca
Bought by
Weaver Walter L and Weaver Mary Mcintosh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,207
Interest Rate
6.38%
Mortgage Type
VA

Purchase Details

Closed on
Oct 11, 1999
Sold by
Graczyk Terry L and Nancy L-Ctr
Bought by
Yaple Edward L

Purchase Details

Closed on
Apr 15, 1996
Sold by
Yaple
Bought by
Graczyk

Purchase Details

Closed on
Jan 1, 1901
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Secretary Of Veterans Affairs -- None Available
Gmac Mortgage Llc $259,641 None Available
Weaver Walter L -- Liberty Title Company
Weaver Walter L $245,000 Vt
Yaple Edward L -- --
Graczyk -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weaver Walter L $261,729
Previous Owner Weaver Walter L $253,207
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2012 02/24/12 Sold $123,000 -16.8% $45 / Sq Ft
01/09/2012 01/09/12 Pending -- -- --
08/16/2011 08/16/11 For Sale $147,900 -- $55 / Sq Ft
Source: MichRIC

Tax History Compared to Growth

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 $2,788 $153,100 $8,700 $144,400
2024 $2,398 $143,500 $8,700 $134,800
2023 $4,303 $122,700 $8,700 $114,000
2022 $0 $103,700 $8,700 $95,000
2021 $3,553 $96,300 $8,700 $87,600
2020 $1,147 $96,500 $8,700 $87,800
2019 $878 $84,100 $8,700 $75,400
2018 $4,562 $80,400 $8,700 $71,700
2017 $4,369 $81,100 $81,100 $0
2016 -- $82,900 $82,900 $0
2015 -- $79,700 $0 $0
2014 -- $74,800 $74,800 $0
2012 -- $82,800 $82,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 11046236

MichRIC

APN: 041-777-079-00