$125,000
SOLD NOV 10, 2016

5114 Paw Paw Lake Rd Coloma, MI 49038

-- Bed
-- Bath
4,568 Sq Ft
1.87 Acres

Recently Sold

$27 Per Sq Ft

7% Below List Price

175 Days on Market

Highlights

  • 1.87 Acre Lot
  • 20 Car Garage
  • Wood Siding
  • Forced Air Heating System
  • Level Lot

About This Home

As of August 2019

6 Units for sale for $134,900 on 1.87 Acres! CASH FLOW PROPERTY! Do the math $22,500 per unit is a great price! Includes a 2 bedroom brick house with an attached garage & private fenced court yard. Also includes a comfortable stay alone studio cottage and a large 4-unit 2 story house with spacious units. Gross rents at about $2,475 a month. Tenants pay gas & general electric. Owner pays water, sewer and minor common electric.
City sewer & well water. Plenty of parking. Do the math.... this is a money maker. Seller will consider a Land Contract with 35% down to a qualified buyer. Brick home built 1966, big house 1930 & cottage unknown per Twp. assessor. If you want to make money on rental income in nice neighborhood come check this out!

Last Agent to Sell the Property

Arthur Attila

ERA Reardon Realty License #6502136387 Listed on: 05/18/2016

ERA Reardon Realty

Last Buyer's Agent

Art Attila

Non-Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,719

Year Built

  • Built in 1930

Lot Details

  • 1.87 Acre Lot
  • Level Lot

Parking

  • 20 Car Garage

Home Design

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

Basement

  • Michigan Basement
  • Crawl Space

Utilities

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

Multi-Family

Est. Annual Taxes

$1,719

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
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: irrg
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1719.0
  • General Property Info:Total _pound_ Units: 6
  • General Property Info:Total _pound_ Bldgs: 3.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Substructure:Slab: Yes
  • Substructure:Michigan Basement: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Crawl Space, Michigan Basement, Slab

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding, Brick
  • List Price: 134900.0
  • Number of Buildings: 3
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 20.0
  • General Property Info:Total Parking Spaces: 20.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes

Utilities

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

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: 1719.0
  • Tax Year: 2015

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%
Current Estimated Value
$223,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,255
Avg. Annual Appreciation
7.26%

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $145,000 None Listed On Document
Warranty Deed $145,000 None Available
Warranty Deed $125,000 Attorney
Warranty Deed -- Multiple
Quit Claim Deed -- None Available
Sheriffs Deed $114,220 None Available
Deed $133,400 --
Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Commercial
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

    3 in this area

    101 Total Sales

    Arthur Attila
    Section Image

  • C

    Buyer's Agent in 2019

    Claudia Kelleher

    Cressy & Everett Real Estate

    (602) 380-5618

    68 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: 16024004

Southwestern Michigan Association of REALTORS®

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

Michigan Berrien County Coloma 49038

5114 Paw Paw Lake Rd, Coloma, MI

This home is located at 5114 Paw Paw Lake Rd, Coloma, MI 49038 and is currently priced at $125,000, approximately $27 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes