NOT LISTED FOR SALE

40320 M-40 Paw Paw, MI 49079

Estimated Value: $116,000 - $231,000

4 Beds
2 Baths
2,488 Sq Ft
$68/Sq Ft Est. Value

Last Sold May 09, 2024

Last sale price $125,000 $50 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,023/month

31 Days on Market

Highlights

  • 160 Feet of Waterfront
  • Home fronts a pond
  • 2 Car Detached Garage
  • In Ground Pool
  • Farmhouse Style Home
  • Living Room

About This Home

As of May 2024

40320 M-40 Paw Paw MI 49079 4 bedroom 2 bath home with detatched 2 car detached garage on 3 acres. There is frontage on Paw Paw River and an inground pool. HUD Homes Are Sold AS-IS With No Warranties. Equal housing Opportunity'' HUD Case# 263-601081 Insurability Code UI 203k Eligible For More Info. including Lead Based Paint Disclosures & Condition Report, Go To Hudhomestore.com or KMMRealty.com

Last Agent to Sell the Property

Richard Stewart

REO Specialists, L.L.C. License #6502431179 Listed on: 03/15/2024

Last Buyer's Agent

Ahmed Khalil

eXp Realty LLC License #6501425556

eXp Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1901

Lot Details

  • 3.03 Acre Lot
  • Home fronts a pond
  • 160 Feet of Waterfront

Parking

  • 2 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Farmhouse Style Home
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,488 Sq Ft Home
  • 2-Story Property
  • Replacement Windows
  • Living Room
  • Dining Area
  • Water Views

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Basement

  • Michigan Basement
  • Partial Basement

Outdoor Features

  • In Ground Pool
  • Water Access

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1901

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1901
  • ResoPropertyType: Residential
  • Architectural Style Farm House: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Michigan Basement, Partial
  • LivingArea: 2488.0
  • Window Features: Replacement
  • Basement Rooms:Total Basement SQFT: 500.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 135000.0
  • Pool Features: In Ground
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Paw Paw River
  • Waterfront Features: Pond, River
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Pool:In Ground: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Other
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 3.03
  • Lot Size Area: 3.03
  • Lot Dimensions: see plat map
  • Lot Size Sq Ft: 131987.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4415.92
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
May 7, 2024
Sold by
Secretary/Housing & Urban Dev
Bought by
Alexander Amos
Seller's Agent
Richard Stewart
REO Specialists, L.L.C.
Buyer's Agent
Ahmed Khalil
eXp Realty LLC
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%
Total Days on Market
31
Views
179
Current Estimated Value
$169,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,493
Avg. Annual Appreciation
30.07%

Purchase Details

Closed on
Aug 11, 2022
Sold by
Van Buren County
Bought by
Shellpoint Mortgage Servicing

Purchase Details

Closed on
Nov 19, 2021
Sold by
Reed Brandon and Reed Laura
Bought by
Reed Laura

Purchase Details

Closed on
Apr 28, 2017
Sold by
Parman Joseph S and Parman Stephanie L
Bought by
Reed Brandon Howard and Curtis Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,681
Interest Rate
4.23%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 2005
Sold by
Gleason Jeremy J and Gleason Elizabeth E
Bought by
Parman Joseph S and Parman Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.77%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alexander Amos $125,000 Chicago Title
Shellpoint Mortgage Servicing $128,420 None Listed On Document
Reed Laura $5,505 None Available
Reed Brandon Howard $128,000 Nations Title Agency
Parman Joseph S $125,000 Chicago Title Of Michigan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reed Brandon Howard $125,681
Previous Owner Parman Joseph S $128,000
Previous Owner Parman Joseph S $128,000
Previous Owner Parman Joseph S $100,000
Closed Parman Joseph S $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2024 05/09/24 Sold $125,000 -7.4% $50 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $135,000 -- $54 / 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
2024 $994 $94,300 $0 $0
2023 $873 $89,200 $0 $0
2022 $2,737 $86,300 $0 $0
2021 $2,658 $77,300 $6,900 $70,400
2020 $2,636 $77,300 $6,900 $70,400
2019 $2,513 $75,400 $75,400 $0
2018 $2,454 $72,200 $72,200 $0
2017 $1,884 $62,300 $0 $0
2016 $1,873 $68,000 $0 $0
2015 $1,628 $68,000 $0 $0
2014 $1,599 $58,500 $0 $0
2013 -- $57,600 $57,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24012711

Southwestern Michigan Association of REALTORS®

APN: 80-18-025-001-11