NOT LISTED FOR SALE

548 Lake Dr Coldwater, MI 49036

Estimated Value: $400,000 - $558,493

3 Beds
1 Bath
1,615 Sq Ft
$303/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2021

Last sale price $365,000 $226 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,944 / mo

9 Days on Market

Highlights

  • 40 Feet of Waterfront
  • Bonus Room
  • 1 Car Attached Garage
  • Deck
  • Porch
  • Eat-In Kitchen

About This Home

As of July 2021

Make this your own lake front dream home. Amazing lakefront location on Coldwater Lake with an awesome view. On those windy days you can still the view of the lake sitting in your 4 season room that looks out over Coldwater Lake . This property has a full length concrete sea wall, a deep 1 car garage (33x14), a 22x8 covered patio on the lake side and a nice yard. All you need to do is bring your upgrade and decorating ideas to have the lake home that you have been wanting.

Last Agent to Sell the Property

Debbie Lounds

Midwestern Realty Group License #6502105426 Listed on: 05/29/2021

Co-Listed By

Jim Bowers

Midwestern Realty Group License #6501364641

Last Buyer's Agent

Angie Marsh

Southern Marsh Realty License #6501372897

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,950

Year Built

  • Built in 1950

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40x97x40x97
  • 40 Feet of Waterfront
  • Lake Front
  • Shrub

Parking

  • 1 Car Attached Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,615 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Living Room
  • Dining Area
  • Bonus Room
  • Water Views
  • Crawl Space
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Water Access
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Phone Connected
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,950

Year Built

Built in 1950

Lot Details

4,356 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Other
  • Stories: 2
  • Year Built: 1950
  • General Property Info:Basement: No
  • General Property Info:Main Level Primary: Yes
  • Waterfront Options:Water Access YN: Yes
  • Manufactured:Manufactured YN: No
  • Waterfront Options:Water Frontage3: 40.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space
  • LivingArea: 1615.0
  • Window Features: Window Treatments

Exterior Features

  • Construction Materials: Other
  • List Price: 399900.0
  • Patio and Porch Features: Deck, Patio, Porch
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Coldwater Lake
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Phone Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 40x97x40x97
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 1949.78
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2021
Closed on
Jul 7, 2021
Sold by
Newton Mary Ellen and Newton Neal
Bought by
Gerhardstein Kevin E
Seller's Agent
Debbie Lounds
Midwestern Realty Group
Buyer's Agent
Angie Marsh
Southern Marsh Realty
List Price
$399,900
Sold Price
$365,000
Premium/Discount to List
-$34,900
-8.73%
Current Estimated Value
$497,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,167
Avg. Annual Appreciation
6.32%
Original Mortgage
$292,000
Outstanding Balance
$264,945
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$224,678
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Gerhardstein Kevin E $365,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerhardstein Kevin E $292,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2021 07/07/21 Sold $365,000 -8.7% $226 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $399,900 -- $248 / Sq Ft
Source: MichRIC

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 $3,474 $113,736 $0 $0
2024 $29 $97,194 $0 $0
2023 $591 $64,646 $0 $0
2022 $2,875 $54,692 $0 $0
2020 -- $51,989 $0 $0
2019 -- $52,204 $0 $0
2018 -- $56,982 $0 $0
2017 -- $54,831 $0 $0
2016 -- $43,200 $0 $0
2015 -- $43,200 $0 $0
2014 -- $43,200 $0 $0
2013 -- $43,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Debbie Lounds

    Midwestern Realty Group

    (517) 712-8003

    66 Total Sales

    Debbie Lounds
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jim Bowers

    Midwestern Realty Group

    (269) 788-8265

    64 Total Sales

    Jim Bowers
    Section Image
  • Angie Marsh

    Buyer's Agent in 2021

    Angie Marsh

    Southern Marsh Realty

    (517) 617-1180

    458 Total Sales

    Angie Marsh
    Section Image
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Map

Source: MichRIC

MLS Number: 21019864

MichRIC

APN: 110-026-100-047-00

Michigan Branch County Coldwater 49036

548 Lake Dr, Coldwater, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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