NOT LISTED FOR SALE

5502 Paradise Dr Reading, MI 49274

Estimated Value: $240,000 - $304,000

2 Beds
2 Baths
1,632 Sq Ft
$161/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $228,000 $140 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,455/month

47 Days on Market

Highlights

  • Private Waterfront
  • Property fronts a channel
  • 1 Car Garage
  • Property is near a lake
  • Deck
  • Eat-In Kitchen

About This Home

As of June 2023

Come enjoy peaceful lake life, great fishing, and the neighborly atmoshpere of the Paradise Shores community at the Berry Lake chain of lakes. This ranch style home with full,walkout basement has a beautiful view of the water. Also included in the sale is a 65x149 water front lot directly across from the home. 2 beds, 2 baths on the main floor, and 2 more rooms in the basement, along with a finished family room and an extra 18x24 garage with work shop area make this the complete lake home package! Added bonus of a one year home warranty included too!

Last Agent to Sell the Property

Rene' Spahr

Coldwell Banker Groves Real Estate License #6501425039 Listed on: 04/26/2023

Coldwell Banker Groves Real Estate

Last Buyer's Agent

Amy Howe

Coldwell Banker Groves Real Estate License #6501366767

Coldwell Banker Groves Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,047

Year Built

  • Built in 1970

Lot Details

  • 0.52 Acre Lot
  • Property fronts a channel
  • Private Waterfront
  • 65 Feet of Waterfront
  • The property's road front is unimproved

Parking

  • 1 Car Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Replacement Windows
  • Insulated Windows
  • Family Room
  • Living Room
  • Laminate Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Property is near a lake
  • No Wake Zone
  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Generator Hookup
  • Well
  • Electric Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,047

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1970
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 202.81
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 2 lots irregular
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1632.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 2047.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Windows:Replacement: Yes
  • Waterfront Options:Water Frontage3: 65.0
  • Windows:Insulated Windows: Yes
  • General Property Info:Fireplace: No
  • Additional Items:Ceiling Fans: Yes
  • Substructure:Walk Out: Yes
  • Utilities Attached:High-Speed Internet: Yes
  • Water Heater:Electric3: Yes
  • Water Type:Channel2: Yes
  • Additional Items:Ensuite: Yes
  • Additional Items:Generator Hook-up: Yes
  • General Property Info:SqFt Above Grade: 1176.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Flooring:Laminate Floor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Laminate
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Walk-Out Access
  • LivingArea: 1632.0
  • Window Features: Replacement, Insulated Windows
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Finished SQFT: 456.0
  • Basement Rooms:Total Basement SQFT: 1176.0
  • Kitchen Features:Eating Area: Yes
  • Below Grade Sq Ft: 456.0

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 238500.0
  • Patio and Porch Features: Deck
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Water Body Name: Berry Lake
  • Waterfront Features: Channel, Lake
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached, Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features:Detached2: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: High-Speed Internet
  • Water Source: Well
  • Water Well: Yes
  • Heat Source:Oil: Yes

Association/Amenities

  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:No Wake: Yes

Lot Info

  • Lot Size Acres: 0.52
  • Lot Size Area: 0.52
  • Lot Dimensions: 2 lots irregular
  • Lot Size Sq Ft: 22830.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2047.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Jun 16, 2023
Sold by
Ward-Henry Sue E
Bought by
Fowler David D and Vanaken Jennifer L
Seller's Agent
Rene' Spahr
Coldwell Banker Groves Real Estate
Buyer's Agent
Amy Howe
Coldwell Banker Groves Real Estate
List Price
$238,500
Sold Price
$228,000
Premium/Discount to List
-$10,500
-4.4%
Views
42
Current Estimated Value
$262,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,310
Avg. Annual Appreciation
5.65%
Original Mortgage
$216,600
Outstanding Balance
$210,577
Interest Rate
6.39%
Estimated Equity
$51,733

Purchase Details

Closed on
Nov 8, 2002
Sold by
Savolaine Edward R and Savolaine Carol M
Bought by
Ward Carmon R and Ward Sue E

Purchase Details

Closed on
Jun 5, 1996
Sold by
Savolaine Edward R and Savolaine Carol M

Purchase Details

Closed on
May 31, 1996
Sold by
Savolaine Edward R and Savolaine Carol M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fowler David D $228,000 --
Ward Carmon R $125,000 --
-- -- --
-- $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fowler David D $216,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $228,000 -4.4% $140 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $238,500 -- $146 / Sq Ft
Source: MichRIC

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 $1,020 $115,600 $0 $0
2024 $993 $90,600 $0 $0
2023 $753 $85,400 $0 $0
2022 $1,688 $77,600 $0 $0
2021 $1,641 $76,100 $0 $0
2020 $1,629 $74,000 $0 $0
2019 $1,567 $66,500 $0 $0
2018 $1,494 $59,800 $0 $0
2017 $1,507 $61,200 $0 $0
2016 $1,542 $64,300 $0 $0
2015 $684 $64,300 $0 $0
2013 $662 $60,470 $0 $0
2012 $648 $59,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23012837

MichRIC

APN: 10-135-001-072