NOT LISTED FOR SALE

4881 Wil-O-paw Dr Coloma, MI 49038

Paw Paw Lake Neighborhood

Estimated Value: $426,000 - $482,000

9 Beds
8 Baths
2,200 Sq Ft
$203/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $419,500 $191 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,630/month

14 Days on Market

Highlights

  • Traditional Architecture
  • Breakfast Area or Nook
  • Cooling System Mounted In Outer Wall Opening
  • 2 Fireplaces
  • Gazebo
  • Tankless Water Heater

About This Home

As of June 2023

Beautiful 6 Unit Motel with 3 bed 2 Bath House on Property.

Looking for a great investment opportunity? Look no further than this fully furnished, newly updated 6 unit motel complete with modern PTAC units, laundry area, vending machine, gazebo, and plenty of storage space. With all of these amenities, you'll have no problem attracting a steady stream of guests, whether for vacation rentals or as a motel. Additionally, the property includes a spacious 3 bed 2 bath house perfect for on-site property management or LTR. Situated only minutes away from the public access of beautiful Paw Paw Lake, this location is sure to impress. Don't miss out on the chance to own this gem in a sought-after location.
Current units rented on a weekly basis.
Also listed as commercial listing MLS #- 2301286

Last Listed By

Bailey Bingham

Jaqua Realtors License #6501450847 Listed on: 05/05/2023

Jaqua Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,618

Year Built

  • Built in 2003

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 100x202
  • Property is zoned Commercial, Commercial

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces

Kitchen

  • Breakfast Area or Nook
  • Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Gazebo

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Well
  • Tankless Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Paw Paw Island Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,618

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 2003
  • 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, Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 9
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Basement: Slab
  • LivingArea: 2200.0
  • Appliances Range: Yes
  • Kitchen Features:Breakfast Nook: Yes
  • Appliances:Cook Top: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 425000.0
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Features:Gazebo: Yes

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Baseboard
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected, Broadband, High-Speed Internet
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:Public Access 1 Mile or Less: Yes

Lot Info

  • Lot Size Acres: 0.47
  • Lot Size Area: 0.47
  • Lot Dimensions: 100x202
  • Lot Size Sq Ft: 20360.0
  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4618.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
Jun 27, 2023
Sold by
At Home Management Llc
Bought by
Dood Llc
Seller's Agent
Bailey Bingham
Jaqua Realtors
Buyer's Agent
Aubree Butler
Jaqua REALTORS
List Price
$425,000
Sold Price
$419,500
Premium/Discount to List
-$5,500
-1.29%
Total Days on Market
14
Views
48
Current Estimated Value
$447,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,901
Avg. Annual Appreciation
3.39%
Original Mortgage
$335,600
Outstanding Balance
$328,682
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$118,719

Purchase Details

Closed on
Jul 30, 2021
Sold by
Walgram Manfred
Bought by
Al Home Management Llc

Purchase Details

Closed on
Dec 14, 2017
Sold by
Wm Real Properties Llc
Bought by
Walgram Manfred

Purchase Details

Closed on
May 1, 2007
Sold by
Mitchell Family Lp #3
Bought by
Wm Real Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Interest Rate
6.2%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 15, 2003
Sold by
Mangat Dalbara S and Kaur Satinder Pal
Bought by
Mitchell Family Lp #3

Purchase Details

Closed on
Jan 7, 1994

Purchase Details

Closed on
Oct 29, 1981

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 Buyer Sale Price Title Company
Dood Llc $419,500 Chicago Title
Al Home Management Llc -- Oak Title Services Llc
Walgram Manfred -- None Available
Wm Real Properties Llc -- None Available
Mitchell Family Lp #3 -- --
-- $109,000 --
-- $72,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dood Llc $335,600
Previous Owner Walgram Manfred $125,000
Previous Owner Wm Real Properties Llc $41,250
Previous Owner Wm Real Properties Llc $200,000
Previous Owner Mitchell Family Ltd Partnership #3 $100,000
Previous Owner Mitchell Family Partnership #3 $200,000
Previous Owner Mitchell Family Lp #3 $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $419,500 -1.3% $191 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $425,000 -- $193 / 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 $1,502 $138,100 $0 $0
2023 $1,115 $106,300 $0 $0
2022 $1,061 $97,600 $0 $0
2021 $3,767 $99,000 $15,000 $84,000
2020 $3,780 $91,900 $0 $0
2019 $4,052 $93,200 $15,000 $78,200
2018 $3,928 $93,200 $0 $0
2017 $4,393 $98,700 $0 $0
2016 $3,515 $96,600 $0 $0
2015 $3,588 $96,600 $0 $0
2014 $968 $91,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Bailey Bingham

    Jaqua Realtors

    (269) 313-2241

    2 in this area

    21 Total Sales

    Bailey Bingham
    Section Image
  • Aubree Butler

    Buyer's Agent in 2023

    Aubree Butler

    Jaqua REALTORS

    (269) 270-6864

    3 in this area

    51 Total Sales

    Aubree Butler
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23014272

Southwestern Michigan Association of REALTORS®

APN: 11-08-5950-0023-00-3

Michigan Berrien County Coloma 49038 Paw Paw Lake

4881 Wil-O-paw Dr, Coloma, MI

Homes for Sale in Coloma, MI

This home is located at 4881 Wil-O-paw Dr, Coloma, MI 49038 since 05 May 2023 and is currently estimated at $447,401, approximately $203 per square foot. This property was built in 2003. 4881 Wil-O-paw Dr is a home located in Berrien County with nearby schools including Coloma Elementary School, Coloma Intermediate School, and Coloma Junior High 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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