50230 E Lake Shore Dr Dowagiac, MI 49047
Estimated Value: $797,531 - $1,368,000
3
Beds
3
Baths
2,328
Sq Ft
$441/Sq Ft
Est. Value
Highlights
- Private Waterfront
- Deck
- Recreation Room
- Spa
- Pond
- Balcony
About This Home
As of August 2023This is an Amazing property on one of Michigan's finest Small lakes. This is a rare opportunity, 90 minutes from Chicago to get your lakefront property with all the Amenities that you want for year around or part time occupancy. Huge Living Room with fireplace, Family room and Master Bedroom with a deck overlooking Magician Lake. Located on the east shore for those awesome sunsets!- Please note this property has an Investor hold of 20 days, we cannot negotiate any non-owner occupant offers prior to 20 DOM. Owner occupant offers will be reviewed after 7 DOM.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,977
Year Built
- Built in 1972
Lot Details
- 9,583 Sq Ft Lot
- Private Waterfront
- 59 Feet of Waterfront
Parking
- 2 Car Attached Garage
Home Design
- Composition Roof
- Shingle Siding
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Built-In Desk
- Gas Log Fireplace
- Living Room with Fireplace
- Dining Area
- Recreation Room
- Laundry on main level
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Partial Basement
Outdoor Features
- Spa
- Water Access
- Pond
- Balcony
- Deck
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
- Well
- Electric Water Heater
Community Details
- Rainbow Park Subdivision
Listing and Financial Details
- REO, home is currently bank or lender owned
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2023
Closed on
Aug 15, 2023
Sold by
Residential Credit Opportunities Trust
Bought by
Bmze Properties Llc
Seller's Agent
Thomas Allen
Allen Realty
Buyer's Agent
Benjamin Stephen
Cressy & Everett Real Estate
List Price
$949,900
Sold Price
$806,000
Premium/Discount to List
-$143,900
-15.15%
Views
184
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,177
Avg. Annual Appreciation
8.64%
Purchase Details
Closed on
Feb 22, 2023
Sold by
Residential Credit Opportunities Trust
Bought by
Residential Credit Opportunities Trust and Morey Revocable Living Trust
Similar Homes in Dowagiac, MI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bmze Properties Llc | $806,000 | Mortgage Connect | |
| Residential Credit Opportunities Trust | $538,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Morey Richard D | $892,500 | |
| Previous Owner | Morey Richard | $88,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2023 08/24/23 | Sold | $806,000 | -5.2% | $346 / Sq Ft |
| 07/13/2023 07/13/23 | Price Changed | $849,900 | -5.6% | $365 / Sq Ft |
| 06/28/2023 06/28/23 | Price Changed | $899,900 | -5.3% | $387 / Sq Ft |
| 06/01/2023 06/01/23 | For Sale | $949,900 | -- | $408 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $4,272 | $400,700 | $400,700 | $0 |
| 2023 | $2,104 | $385,600 | $0 | $0 |
| 2022 | $2,004 | $304,300 | $0 | $0 |
| 2021 | $5,130 | $294,200 | $0 | $0 |
| 2020 | $1,922 | $286,100 | $0 | $0 |
| 2019 | $5,092 | $279,000 | $0 | $0 |
| 2018 | $1,845 | $258,800 | $0 | $0 |
| 2017 | $1,807 | $260,800 | $0 | $0 |
| 2016 | $1,791 | $286,300 | $0 | $0 |
| 2015 | -- | $269,200 | $0 | $0 |
| 2011 | -- | $283,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Allen
T
Seller's Agent in 2023
Thomas Allen
Allen Realty
(269) 470-1111
2 in this area
36 Total Sales
-
Benjamin Stephen
Buyer's Agent in 2023
Benjamin Stephen
Cressy & Everett Real Estate
(269) 208-9076
6 in this area
220 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 23018387
APN: 14-130-305-021-00
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