$1,300,000
SOLD FEB 10, 2016

25 Preserve Way Unit 25 New Buffalo, MI 49117

5 Beds
7 Baths
6,768 Sq Ft
0.31 Acres

Recently Sold

$192 Per Sq Ft

23% Below List Price

95 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Fireplace in Primary Bedroom
  • New Buffalo Elementary School Rated A
  • Clubhouse
  • Deck

About This Home

As of December 2020

This spectacular Riverfront residence with private boat dock is the ultimate in quality construction and custom design. The interior of this 6700 square foot home exudes a quiet, contemplative serenity with the use of muted colors and natural materials. The many doors and windows allow glorious views of the river and nature indoors resulting in a sophisticated haven, but with a relaxed atmosphere you’ll want to retreat to weekend after weekend all year round. The living room, which opens to the kitchen, has a floor to ceiling stone fireplace, and a wall of windows that extend the length of the home with access to the expansive outdoor deck. The kitchen is a focal point of the home, with granite counters & island, Wolf, Sub-Zero and Fisher Paykel appliances, a breakfast nook, pantry with built-in desk and access to a mudroom and laundry room. The main floor master bedroom suite with coffered ceiling features a fireplace, a door leading out to the deck, spacious bath with steam shower and his & her walk-in closets. Also on the main level is a formal dining room, office & 2 powder rooms. The 2nd floor which can be accessed via 2 separate staircases (one at the front entry, and one located off of the kitchen) contains 3 guest bedrooms (2 with ensuite baths) and a lofted sitting area. The lower walkout level is without exception is the perfect space for entertaining. The 22x18 family room with stone fireplace has French doors that lead out to a patio and dock. It features a billiard area and a wet bar complete with dishwasher & Sub-Zero refrigerator. Also included in the lower level is a guest bedroom with ensuite bath, a 22x20 home theater/rec room, an exercise room, powder room, 2nd laundry room and a game area. A 3 car attached garage, tiered landscaping and a fire pit completes this offering. Located in the Preserve, a gated community with pool, tennis court, canoe launch, natural trails and just minutes from New Buffalo's beach, restaurants and shops.

Last Agent to Sell the Property

Donna Iwamoto

Coldwell Banker Realty License #6506044167 Listed on: 09/03/2015

Coldwell Banker Realty

Co-Listed By

Karen Strohl

Coldwell Banker Realty License #6501300545

Last Buyer's Agent

Tom Hemingway

RE/MAX Harbor Country License #6501314597

RE/MAX Harbor Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,058

Year Built

  • Built in 2004

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x105x119x162
  • Private Waterfront
  • 119 Feet of Waterfront
  • Property fronts a private road
  • Shrub
  • Terraced Lot
  • Wooded Lot

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick or Stone Mason
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 6,768 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Mud Room
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Recreation Room
  • Wood Flooring
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Water Access
  • No Wake Zone
  • Docks
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • Association fees include snow removal
  • $1,000 HOA Transfer Fee

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,058

Year Built

Built in 2004

Lot Details

0

HOA Fees

$500 per month

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 3
  • Year Built: 2004
  • ResoPropertyType: Residential
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Microwave: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Center Island, Eat-in Kitchen, Pantry
  • Fireplace Features: Family Room, Living Room, Primary Bedroom
  • Fireplace: Yes
  • Fireplaces: 3
  • Total Bedrooms: 5
  • Main Level Bedrooms: 1
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Total Bathrooms: 7
  • Basement: Daylight, Full, Walk-Out Access
  • LivingArea: 6768.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features:Mud Room Access: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Living: Yes
  • Appliances Dishwasher: Yes
  • Fireplace:Family: Yes
  • Fireplace:Primary Bedroom: Yes
  • Appliances:Cook Top: Yes

Exterior Features

  • Construction Materials: Stone, Wood Siding
  • List Price: 1550000.0
  • Lot Features: Wooded
  • Patio and Porch Features: Deck, Patio
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Roof: Composition, Metal
  • Water Body Name: Galien River
  • Waterfront Features: River
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • General Property Info:Garage Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Pool, Tennis Court(s), Other
  • Association Fee: 1500.0
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 1500.0
  • Association Info:Assoc Buy in Fee: $1000
  • Water Fea Amenities:Private Frontage: Yes
  • Association Info:Assoc Fee Payable: Quarterly
  • Water Fea Amenities:View: Yes
  • Water Fea Amenities:No Wake: Yes
  • Water Fea Amenities:Dock: Yes
  • Assoc Amenities:Club House: Yes
  • Assoc Amenities:Pool: Yes
  • Assoc Amenities:Tennis Court(s)2: Yes

Fee Information

  • Association Fee Includes: Other, Snow Removal

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Dimensions: 100x105x119x162
  • Lot Size Sq Ft: 13623.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 24058.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Nov 30, 2020
Sold by
Mccully Michael and Gibbs Carolyn
Bought by
Connelly Vincnet J and The Vincent J Connelly Jr Trus
Seller's Agent
Rob Gow
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Rob Gow
Berkshire Hathaway HomeServices Chicago
List Price
$1,525,000
Sold Price
$1,525,000
Total Days on Market
95
Current Estimated Value
$2,271,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$746,893
Avg. Annual Appreciation
9.24%

Purchase Details

Listed on
Sep 3, 2015
Closed on
Feb 5, 2016
Sold by
Phelps Abigail D
Bought by
Mccully Michael and Gibbs Carolyn
Seller's Agent
Donna Iwamoto
Coldwell Banker Realty
Buyer's Agent
Tom Hemingway
RE/MAX Harbor Country
List Price
$1,695,000
Sold Price
$1,300,000
Premium/Discount to List
-$395,000
-23.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.37%

Purchase Details

Closed on
Feb 17, 2011
Sold by
Phelps Mason and Phelps Abigail
Bought by
Phelps Abigail D and Abigail D Phelps Revocable Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2011
Sold by
Fey Keith
Bought by
Phelps Mason and Phelps Abigail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2008
Sold by
Fey Keith
Bought by
The Preserve On The Galien Condominium A
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Deed $1,300,000 Attorney
Interfamily Deed Transfer -- None Available
Warranty Deed -- Cti
Sheriffs Deed $37,943 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $417,000 New Conventional
Previous Owner $250,000 Unknown
Previous Owner $310,000 Credit Line Revolving
Previous Owner $225,000 Credit Line Revolving
Previous Owner $50,000 Unknown
Previous Owner $411,700 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $1,525,000 0.0% $225 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $1,525,000 +17.3% $225 / Sq Ft
02/10/2016 02/10/16 Sold $1,300,000 -23.3% $192 / Sq Ft
12/07/2015 12/07/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $1,695,000 -- $250 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $22,714 $1,175,200 $0 $0
2024 $17,374 $1,446,700 $0 $0
2023 $16,756 $796,600 $0 $0
2022 $15,959 $745,000 $0 $0
2021 $28,043 $752,400 $40,200 $712,200
2020 $17,819 $630,700 $0 $0
2019 $17,767 $620,400 $103,500 $516,900
2018 $18,236 $620,400 $0 $0
2017 $18,870 $627,800 $0 $0
2016 $19,681 $617,100 $0 $0
2015 $24,240 $628,800 $0 $0
2014 $15,980 $593,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15011616

Southwestern Michigan Association of REALTORS®

APN: 11-62-6400-0025-01-6