$51,000
SOLD JUL 17, 2015

40642 W Red Arrow Hwy Paw Paw, MI 49079

2 Beds
1 Bath
1,025 Sq Ft
1 Acres

Recently Sold

$50 Per Sq Ft

15% Below List Price

47 Days on Market

Highlights

  • 1 Acre Lot
  • Cape Cod Architecture
  • Forced Air Heating System

About This Home

As of November 2015

Cute cape cod in great location needing some finishing and upgrades. Was recently rented. 1 acre mostly fenced yard (fencing needs to be replaced where garage was). Underlying land contract owner may consider transferring to another land contract with lg down. Loads of potential with this handyman special.
Recent roof and well replaced.

Last Agent to Sell the Property

John Lyons

Leonard J. Hill, Realtor Listed on: 05/14/2015

Last Buyer's Agent

Marta Parilli

Carlson, REALTORS & Development, LLC License #6501364342

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 109x393

Home Design

  • Cape Cod Architecture
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1,025 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic System

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Cape Cod
  • Stories: 2
  • Year Built: 1947
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 109x393
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1025.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1625.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • General Property Info:Fireplace: No
  • Water Heater:Natural Gas4: Yes
  • General Property Info:SqFt Above Grade: 1025.0
  • Architectural Style Cape Cod: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 1025.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 655.0

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 59900.0
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Connected
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 1.0
  • Lot Size Area: 1.0
  • Lot Dimensions: 109x393
  • Lot Size Sq Ft: 43560.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1625.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2015
Closed on
Nov 20, 2015
Sold by
Michelangeli Maria T and Valero Luis
Bought by
Vestrand Colin and Vestrand Michelle
Seller's Agent
Marta Parilli
Carlson, REALTORS & Development, LLC
Buyer's Agent
William Evenboer
Evenboer Walton, REALTORS
List Price
$118,900
Sold Price
$118,900
Current Estimated Value
$222,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,561
Avg. Annual Appreciation
6.38%
Original Mortgage
$116,745
Outstanding Balance
$93,359
Interest Rate
3.8%
Mortgage Type
FHA
Estimated Equity
$122,660

Purchase Details

Closed on
Apr 6, 2012
Sold by
The John W Lyons Jr Revocable Trust
Bought by
Spiech Timothy M

Purchase Details

Listed on
Dec 22, 2011
Closed on
Jan 12, 2012
Sold by
Department Of Veterans Affairs
Bought by
The John W Lyons Jr Revocable Trust
Seller's Agent
David Mead
Coldwell Banker Woodland Schmidt
Buyer's Agent
John Lyons
Leonard J. Hill, Realtor
List Price
$13,900
Sold Price
$22,500
Premium/Discount to List
$8,600
61.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.23%

Purchase Details

Closed on
Nov 3, 2010
Sold by
Gmac Mortgage Llc
Bought by
Department Of Veterans Affairs

Purchase Details

Closed on
Oct 14, 2010
Sold by
Walker Todd J and Walker Yolanda M
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Dec 26, 2002
Sold by
Burley Linda J
Bought by
Walker Todd J

Purchase Details

Closed on
Mar 31, 1997
Sold by
Bush Mildred Thomas
Bought by
Burley Linda J
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $118,900 Attorney
Warranty Deed $38,500 Chicago Title
Corporate Deed -- None Available
Warranty Deed -- None Available
Sheriffs Deed $46,268 None Available
Deed $96,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,621 FHA
Open $116,745 FHA
Previous Owner $102,400 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2015 11/20/15 Sold $118,900 0.0% $95 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
08/24/2015 08/24/15 For Sale $118,900 +133.1% $95 / Sq Ft
07/17/2015 07/17/15 Sold $51,000 -14.9% $50 / Sq Ft
06/30/2015 06/30/15 Pending -- -- --
05/14/2015 05/14/15 For Sale $59,900 +166.2% $58 / Sq Ft
01/17/2012 01/17/12 Sold $22,500 +61.9% $22 / Sq Ft
01/04/2012 01/04/12 Pending -- -- --
12/22/2011 12/22/11 For Sale $13,900 -- $14 / 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 $470 $87,800 $0 $0
2023 $447 $77,400 $0 $0
2022 $1,415 $69,200 $0 $0
2021 $1,375 $67,600 $5,900 $61,700
2020 $1,291 $67,400 $5,900 $61,500
2019 $1,224 $55,600 $10,000 $45,600
2018 $1,194 $56,500 $18,400 $38,100
2017 $1,162 $35,900 $2,245 $33,655
2016 $1,159 $36,500 $6,710 $29,790
2015 $998 $36,500 $6,710 $29,790
2014 $1,084 $32,359 $0 $0
2013 -- $34,600 $11,300 $23,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Marta Parilli

    Carlson, REALTORS & Development, LLC

    (269) 267-6421

    48 Total Sales

    Marta Parilli
    Section Image

  • J

    Seller's Agent in 2015

    John Lyons

    Leonard J. Hill, Realtor

  • William Evenboer

    Buyer's Agent in 2015

    William Evenboer

    Evenboer Walton, REALTORS

    (269) 207-1060

    4 in this area

    256 Total Sales

    William Evenboer
    Section Image

  • D

    Seller's Agent in 2012

    David Mead

    Coldwell Banker Woodland Schmidt

    (269) 941-3140

    1 in this area

    28 Total Sales

    David Mead
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15023760

Southwestern Michigan Association of REALTORS®

APN: 80-14-016-014-00

Michigan Van Buren County Paw Paw 49079

40642 W Red Arrow Hwy, Paw Paw, MI

This home is located at 40642 W Red Arrow Hwy, Paw Paw, MI 49079 and is currently priced at $51,000, approximately $49 per square foot. This property was built in 1947. 40642 W Red Arrow Hwy is a home located in Van Buren County with nearby schools including Paw Paw Early Elementary School, Paw Paw Later Elementary School, and Paw Paw Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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