NOT LISTED FOR SALE

5114 Paw Paw Lake Rd Coloma, MI 49038

Paw Paw Lake Neighborhood

Estimated Value: $216,761

-- Bed
6 Baths
4,568 Sq Ft
$47/Sq Ft Est. Value

Last Sold August 26, 2019

Last sale price $145,000 $32 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,614/month

9 Days on Market

Highlights

  • 1.87 Acre Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of August 2019

Six units for sale for $148,900 on 1.87 acres! This property will cash flow and make you money. This works out to $24,800 / unit, which is a great price! This property consists of a nice 2 bedroom brick house with an attached garage, a stand alone cottage, and a 2 story 4 unit house with large, spacious units. Tenants pay gas & their own electric. Owners pay water, sewer, trash, and minor common electric costs. Property is serviced by city sewer & well water. Plenty of on-site parking. This property has a good history and grosses over $2,500 a month in rent. If you are serious about making money with income producing real estate, you should see this property.

Last Agent to Sell the Property

Arthur Attila

ERA Reardon Realty License #6502136387 Listed on: 05/21/2019

ERA Reardon Realty

Last Buyer's Agent

Claudia Kelleher

Cressy & Everett Real Estate License #6506047350

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,189

Year Built

  • Built in 1930

Lot Details

  • 1.87 Acre Lot

Parking

  • 20 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Aluminum Siding

Basement

  • Michigan Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Well

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for water, gas
  • The owner pays for sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,189

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Michigan Basement, Slab

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding, Brick
  • List Price: 148900.0
  • Number of Buildings: 3
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 20.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 1.87
  • Lot Size Area: 1.87
  • Lot Size Sq Ft: 81457.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer
  • Tenant Pays: Water, Gas

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 3189.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2019
Closed on
Aug 28, 2019
Sold by
Jason Becht
Bought by
Wallace Stephen
Seller's Agent
Arthur Attila
ERA Reardon Realty
Buyer's Agent
Claudia Kelleher
Cressy & Everett Real Estate
List Price
$148,900
Sold Price
$145,000
Premium/Discount to List
-$3,900
-2.62%
Total Days on Market
9
Current Estimated Value
$216,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,761
Avg. Annual Appreciation
7.22%

Purchase Details

Listed on
May 21, 2019
Closed on
Aug 26, 2019
Sold by
Becht Jason and Attili Phoebe
Bought by
Wallace Stephen
Seller's Agent
Arthur Attila
ERA Reardon Realty
Buyer's Agent
Claudia Kelleher
Cressy & Everett Real Estate
List Price
$148,900
Sold Price
$145,000
Premium/Discount to List
-$3,900
-2.62%

Purchase Details

Listed on
May 18, 2016
Closed on
Nov 9, 2016
Sold by
Rolyat Llc
Bought by
Becht Jason and Attili Phoebe
Seller's Agent
Arthur Attila
ERA Reardon Realty
Buyer's Agent
Arthur Attila
ERA Reardon Realty
List Price
$134,900
Sold Price
$125,000
Premium/Discount to List
-$9,900
-7.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$100,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2011
Sold by
Waters Edge Real Estate Holdings Llc
Bought by
Rolyat L L C

Purchase Details

Closed on
May 11, 2011
Sold by
Edgewater Bank
Bought by
Waters Edge Real Estate Holdings Llc

Purchase Details

Closed on
Jul 8, 2010
Sold by
Gravobac Dennis W and Gravobac Joyce L
Bought by
Edgewater Bank

Purchase Details

Closed on
Dec 3, 1999

Purchase Details

Closed on
Feb 4, 1992
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
Wallace Stephen $145,000 None Listed On Document
Wallace Stephen $145,000 None Available
Becht Jason $125,000 Attorney
Rolyat L L C -- Multiple
Waters Edge Real Estate Holdings Llc -- None Available
Edgewater Bank $114,220 None Available
-- $133,400 --
-- $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Becht Jason $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2019 08/26/19 Sold $145,000 -2.6% $32 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $148,900 +19.1% $33 / Sq Ft
11/10/2016 11/10/16 Sold $125,000 -7.3% $27 / Sq Ft
11/09/2016 11/09/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $134,900 -- $30 / 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
2025 $4,767 $119,200 $0 $0
2024 $900 $119,800 $0 $0
2023 $858 $92,100 $0 $0
2022 $817 $82,900 $0 $0
2021 $3,584 $78,300 $11,500 $66,800
2020 $3,766 $71,700 $0 $0
2019 $3,253 $59,000 $11,500 $47,500
2018 $2,870 $59,000 $0 $0
2017 $2,870 $59,000 $0 $0
2016 $1,724 $42,300 $0 $0
2015 $1,718 $42,300 $0 $0
2014 $387 $40,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Arthur Attila

    ERA Reardon Realty

    (269) 921-8000

    4 in this area

    121 Total Sales

    Arthur Attila
    Section Image

  • C

    Buyer's Agent in 2019

    Claudia Kelleher

    Cressy & Everett Real Estate

    (602) 380-5618

    67 Total Sales

    Claudia Kelleher
    Section Image

  • A

    Buyer's Agent in 2016

    Art Attila

    Non-Office

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19006652

Southwestern Michigan Association of REALTORS®

APN: 11-08-0016-0013-12-7

Michigan Berrien County Coloma 49038 Paw Paw Lake

5114 Paw Paw Lake Rd, Coloma, MI

This home is located at 5114 Paw Paw Lake Rd, Coloma, MI 49038 since 21 May 2019 and is currently estimated at $216,761, approximately $47 per square foot. This property was built in 1930. 5114 Paw Paw Lake Rd 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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