NOT LISTED FOR SALE

5358 Paw Lake Rd Coloma, MI 49038

Paw Paw Lake Neighborhood

Estimated Value: $318,000 - $520,000

-- Bed
5 Baths
-- Sq Ft
1 Acres

Last Sold August 14, 2020

Last sale price $679,000

Est. 41% decrease in value since last sale

Current estimated payment $2,816/month

16 Days on Market

Highlights

  • Waterfront
  • Central Air
  • High Speed Internet
  • 1 Acre Lot
  • Space Heater

About This Home

As of August 2020

Welcome to Herons Nest Boutique Cottages next to beautiful Paw Paw Lake. This charming investment property has 5 super cute cottages all new and tastefully furnished. Hickory hardwood floors, tiled baths and private deck w/grill. Each one has A/C, queen size master bed, sleeper sofa, fireplace, bedding, cooking utensils, dishes, pot/pans ,R/O water, microwave, dishwasher, range, WiFi, TV, turn key and ready for year round rentals. The heat source is a Mini-Split (a/c & heat)The property is complete with a firepit, 2 pergolas/swing, sand play court, parking and MOST OF ALL ACCESS TO PAW PAW LAKE. You can swim, launch your kayak or paddle board. Call today for your tour of this fabulous investment opportunity. Also includes tax ID 110862000030012

Last Agent to Sell the Property

Patricia Hutchinson

Coldwell Banker Anchor R.E. License #6501270083 Listed on: 06/10/2020

Coldwell Banker Anchor R.E.

Last Buyer's Agent

Patricia Hutchinson

Coldwell Banker Anchor R.E. License #6501270083 Listed on: 06/10/2020

Coldwell Banker Anchor R.E.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,700

Year Built

  • Built in 1944

Lot Details

  • 1 Acre Lot
  • Waterfront

Parking

  • 10 Parking Spaces

Home Design

  • Metal Roof

Utilities

  • Central Air
  • Space Heater
  • Natural Gas Connected
  • Well
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, gas

Community Details

Overview

  • 7 Buildings
  • 5 Units

Building Details

  • Insurance Expense $3,200
  • Net Operating Income $3,700

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,700

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 679000.0
  • Lot Features: Wooded
  • Number of Buildings: 7
  • Road Surface Type: Paved
  • Roof: Metal
  • Topography: {"Level":true}
  • Water Body Name: Paw Paw Lake
  • Waterfront: Yes

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Space Heater
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Sewer, Cable Connected, Broadband
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 1.0
  • Lot Size Area: 1.0
  • Lot Size Sq Ft: 43560.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Gas

Multi Family

  • Insurance Expense: 3200.0
  • Net Operating Income: 3700.0
  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 3700.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Aug 14, 2020
Sold by
Rood Greg T and Rood Gregory T
Bought by
Heron S Nest Llc
Seller's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
Buyer's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
List Price
$679,000
Sold Price
$679,000
Total Days on Market
16
Current Estimated Value
$403,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$275,492
Avg. Annual Appreciation
-10.30%
Original Mortgage
$575,455
Outstanding Balance
$515,040
Interest Rate
3%
Mortgage Type
Construction
Estimated Equity
-$111,532

Purchase Details

Closed on
Feb 22, 2017
Sold by
Macneill Earl W and Macneill Frances K
Bought by
Rood Greg T

Purchase Details

Closed on
Sep 9, 2014
Sold by
Macneill Earl W and Macneill Frances K
Bought by
The Earl W & Frances K Macneill Revocabl

Purchase Details

Closed on
Nov 14, 2003
Sold by
Lane Craig Anthony and Lane Susan M
Bought by
Macneill Earl W and Macneill Frances K

Purchase Details

Closed on
Jun 1, 1983

Purchase Details

Closed on
Sep 7, 1982

Purchase Details

Closed on
Nov 20, 1980
Source: Public Records

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
Heron S Nest Llc $679,000 First American Title
Rood Greg T $107,000 First American Title
The Earl W & Frances K Macneill Revocabl -- None Available
Macneill Earl W $90,000 --
-- $34,000 --
-- $100 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herons Nest Llc $575,455
Closed Heron S Nest Llc $575,455
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $679,000 0.0% --
06/26/2020 06/26/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $679,000 -- --
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 $6,692 $164,300 $0 $0
2024 $1,520 $165,300 $0 $0
2023 $1,447 $144,100 $0 $0
2022 $1,378 $130,000 $0 $0
2021 $8,550 $122,700 $17,300 $105,400
2020 $3,309 $69,100 $0 $0
2019 $2,759 $53,100 $17,300 $35,800
2018 $2,422 $53,100 $0 $0
2017 $2,388 $53,600 $0 $0
2016 $2,357 $53,600 $0 $0
2015 $2,349 $53,600 $0 $0
2014 $529 $51,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Patricia Hutchinson

    Coldwell Banker Anchor R.E.

    (269) 369-2650

    129 in this area

    155 Total Sales

    Patricia Hutchinson
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20021075

Southwestern Michigan Association of REALTORS®

APN: 11-08-6200-0035-01-4

Michigan Berrien County Coloma 49038 Paw Paw Lake

5358 Paw Lake Rd, Coloma, MI

This home is located at 5358 Paw Lake Rd, Coloma, MI 49038 since 10 June 2020 and is currently estimated at $403,508. This property was built in 1944. 5358 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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