NOT LISTED FOR SALE

50198 E Lakeshore Dowagiac, MI 49047

Estimated Value: $698,000 - $817,379

4 Beds
2 Baths
1,250 Sq Ft
$607/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $662,500 $530 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,513/month

31 Days on Market

Highlights

  • Private Waterfront
  • Wooded Lot
  • SEER Rated 13+ Air Conditioning Units
  • Deck
  • 2 Car Detached Garage
  • Living Room

About This Home

As of December 2022

There will be low maintenance with this completely remodeled Magician Lake Home. Freshly painted with a new kitchen, quartz counters, and all new appliances. The electrical and plumbing have been updated as well as two baths, flooring, heat and air conditioning. Enjoy the terrific location in Rainbow Park with lovely sunsets facing West. This is a ranch home with no steps to the water. A deck wraps around the lake side. A wood burning fireplace in the living area, perfect for chilling nights. Four bedrooms. 96' of road frontage with a two-plus detached garage. This is a manageable vacation home with nice shade trees and a manicured yard. Home Warranty. Magician Lake is a 528 acre premier all sport lake in the resort area of Sister Lakes, Michigan. The Lake Life is fabulous, but Sister Lakes has much more to offer. Taste the freshest produce from the local produce stands. Sample beers at our new breweries. Take a wine tour. SW Michigan offers 30 different venues. Great golf courses are just around the corner. Winter enjoyment, too, with miles of snowmobile trails and ice fishing. Sister Lakes is less than two hours from Chicago and just over 30 minutes from Notre Dame.

Last Agent to Sell the Property

Tim Mitchell

Cressy & Everett Real Estate License #65060121806 Listed on: 09/05/2022

Cressy & Everett Real Estate

Last Buyer's Agent

James Garrison

Keller Williams Realty SWM License #6501402520

Keller Williams Realty SWM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,076

Year Built

  • Built in 1971

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 96' x 157' x 41' x 161'
  • Private Waterfront
  • 41 Feet of Waterfront
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,250 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Insulated Windows
  • Family Room with Fireplace
  • Living Room
  • Dining Area
  • Water Views
  • Crawl Space
  • Laundry on main level

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Halls are 36 inches wide or more
  • Rocker Light Switch
  • Doors with lever handles
  • Doors are 36 inches wide or more

Outdoor Features

  • Water Access
  • Deck

Utilities

  • SEER Rated 13+ Air Conditioning Units
  • SEER Rated 13-15 Air Conditioning Units
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Rainbow Park Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,076

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1971
  • ResoPropertyType: Residential
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Accessibility Features: Rocker Light Switches, 36 Inch Entrance Door, 36' or + Hallway, Lever Door Handles
  • Flooring: Ceramic Tile, Laminate
  • Fireplace Features: Family Room, Wood Burning
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Main Level Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Crawl Space
  • LivingArea: 1250.0
  • Window Features: Insulated Windows
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Fireplace:Family: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • Home Warranty: Yes
  • List Price: 699900.0
  • Lot Features: Level, Wooded
  • Patio and Porch Features: Deck
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Magician Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: 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

  • Cooling: SEER 13 or Greater, Wall Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Broadband
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Dimensions: 96' x 157' x 41' x 161'
  • Lot Size Sq Ft: 10454.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5076.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2024
Sold by
Gill Steven
Bought by
Fallon Heather
Current Estimated Value
$758,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,600
Outstanding Balance
$426,239
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$454,081

Purchase Details

Listed on
Sep 5, 2022
Closed on
Dec 2, 2022
Sold by
Tjm Development Co Llc
Bought by
Fallon Heather and Gill Steven
Seller's Agent
Tim Mitchell
Cressy & Everett Real Estate
Buyer's Agent
James Garrison
Keller Williams Realty SWM
List Price
$749,900
Sold Price
$662,500
Premium/Discount to List
-$87,400
-11.65%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.79%
Original Mortgage
$412,500
Interest Rate
7.25%
Mortgage Type
Construction

Purchase Details

Closed on
May 20, 2021
Sold by
Oleary Anne Patricia and Leary Virginia Rose
Bought by
Tjm Development Company Llc

Purchase Details

Closed on
Dec 2, 2008
Sold by
Oleary Mary Jo
Bought by
Oleary Ann Patricia and Oleary Virginia Rose
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 Buyer Sale Price Title Company
Fallon Heather -- Meridian Title
Fallon Heather $662,500 Mtc
Tjm Development Company Llc $412,225 None Available
Oleary Ann Patricia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fallon Heather $428,600
Previous Owner Fallon Heather $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2022 12/02/22 Sold $662,500 -5.3% $530 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
09/20/2022 09/20/22 Price Changed $699,900 -4.1% $560 / Sq Ft
09/19/2022 09/19/22 Price Changed $729,900 -2.7% $584 / Sq Ft
09/05/2022 09/05/22 For Sale $749,900 -- $600 / 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 $3,470 $336,100 $336,100 $0
2023 $3,310 $310,000 $0 $0
2022 $2,336 $218,800 $0 $0
2021 $5,075 $205,900 $0 $0
2020 $1,197 $195,500 $0 $0
2019 $5,338 $189,500 $0 $0
2018 $1,148 $183,100 $0 $0
2017 $1,125 $184,000 $0 $0
2016 $1,115 $197,900 $0 $0
2015 -- $183,500 $0 $0
2011 -- $196,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Mitchell

    Seller's Agent in 2022

    Tim Mitchell

    Cressy & Everett Real Estate

    (269) 208-9425

    109 in this area

    245 Total Sales

    Tim Mitchell
    Section Image
  • James Garrison

    Buyer's Agent in 2022

    James Garrison

    Keller Williams Realty SWM

    (269) 697-9085

    1 in this area

    201 Total Sales

    James Garrison
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22038284

Southwestern Michigan Association of REALTORS®

APN: 14-130-305-017-00

Michigan Cass County Dowagiac 49047

50198 E Lakeshore, Dowagiac, MI

This home is located at 50198 E Lakeshore, Dowagiac, MI 49047 since 05 September 2022 and is currently estimated at $758,345, approximately $606 per square foot. This property was built in 1971. 50198 E Lakeshore is a home located in Cass County with nearby schools including Sister Lakes Elementary School, Dowagiac Middle School, and Union 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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