$390,000
SOLD JUL 12, 2024

5576 N Watervliet Rd Unit 13 Watervliet, MI 49098

Paw Paw Lake Neighborhood
2 Beds
1.5 Baths
936 Sq Ft
$300/mo HOA Fee

Recently Sold

$417 Per Sq Ft

5% Below List Price

3 Days on Market

Highlights

  • Docks
  • Water Access
  • Deck
  • Beach
  • 1 Acre Lot
  • 5-minute walk to Sunset Park

About This Home

As of July 2024

Paw Paw Lake Condo in Sherwood Shores is updated, clean and move in ready. They love the neighbors and the personality of the complex. The condo features a BOAT SLIP next to a permanent pier and two Garages. It has hardwood oak floors on the lower level and bamboo flooring on the upper level with 2 bedrooms and 1 and 1 half baths. The upper floor has large deck overlooking the lake and a front deck overlooking a large green space where you can watch the kids play ball or take your pitching wedge and practice your short game. On the main level, the screened porch lakeside has the EZ breeze windows and 2 storage closets which makes for another room in the condo for 3 seasons during the year. Pictures say a thousand words. Call Today for your showing. Short notice.

Last Agent to Sell the Property

Patricia Hutchinson

Coldwell Banker Anchor R.E. License #6501270083 Listed on: 05/30/2024

Coldwell Banker Anchor R.E.

Last Buyer's Agent

Patricia Hutchinson

Coldwell Banker Anchor R.E. License #6501270083 Listed on: 05/30/2024

Coldwell Banker Anchor R.E.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,236

Year Built

  • Built in 1987

Lot Details

  • Shrub

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 936 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Window Treatments
  • Sun or Florida Room
  • Wood Flooring
  • Crawl Space

Kitchen

  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Docks
  • Shared Waterfront
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Association Phone (708) 774-6400

Recreation

  • Beach
  • Tennis Courts
  • Community Playground

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,236

Year Built

Built in 1987

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1987
  • ResoPropertyType: Residential
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style:Contemporary: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Flooring: Wood
  • Fireplace: No
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Crawl Space
  • LivingArea: 936.0
  • Window Features: Insulated Windows, Window Treatments
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • Exterior Features: 3 Season Room
  • List Price: 409000.0
  • Patio and Porch Features: Deck, Patio
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Paw Paw Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Unit
  • Sewer: Public
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Broadband
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Amenities: Beach Area, Pets Allowed, Playground, Tennis Court(s)
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association Phone: 708-774-6400
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 300.0
  • Association Info:Assoc Fee Payable: Monthly
  • Assoc Amenities:Pets Allowed2: Yes
  • Water Fea Amenities:Shared Frontage: Yes
  • Water Fea Amenities:Assoc Access: Yes
  • Assoc Amenities:Playground: Yes
  • Water Fea Amenities:Dock: Yes
  • Assoc Amenities:Beach Area: Yes
  • Assoc Amenities:Tennis Court(s)2: Yes
  • Association Info:Association Phone: 708-774-6400

Lot Info

  • Lot Size Acres: 1.0
  • Lot Size Area: 1.0
  • Lot Dimensions: 1
  • Lot Size Sq Ft: 43560.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6236.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 18, 2024
Sold by
Peterson Clifford R and Peterson Carol J
Bought by
Freel Daniel J and Freel Sarah
Seller's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
Buyer's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
List Price
$409,000
Sold Price
$390,000
Premium/Discount to List
-$19,000
-4.65%
Views
3
Current Estimated Value
$374,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,672
Avg. Annual Appreciation
-2.11%
Original Mortgage
$292,500
Outstanding Balance
$290,034
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$92,230

Purchase Details

Listed on
May 30, 2024
Closed on
May 23, 2024
Sold by
Weddle Jeremy and Zic Diana
Seller's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
Buyer's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
List Price
$409,000
Sold Price
$390,000
Premium/Discount to List
-$19,000
-4.65%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Outstanding Balance
$290,034
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$92,230

Purchase Details

Listed on
Sep 26, 2018
Closed on
Nov 9, 2018
Sold by
Mastantuono Mark and Mastantuono Debbie
Bought by
Peterson Clifford R and Peterson Carol J
Seller's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
Buyer's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
List Price
$244,900
Sold Price
$240,000
Premium/Discount to List
-$4,900
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%
Original Mortgage
$168,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2013
Sold by
Wiley Wolfe Llc
Bought by
Mastantuono Mark and Mastantuono Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 7, 2009
Sold by
Reynolds George B
Bought by
Wiley Wolfe Llc

Purchase Details

Closed on
Mar 31, 2003
Sold by
Francis Owen F and Francis Joy D
Bought by
Reynolds George B and Southpac Trust International Inc
Source: Public Records

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Range of Values:

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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 $390,000 First American Title
Deed -- None Listed On Document
Warranty Deed $240,000 First American Title
Warranty Deed $235,000 Multiple
Warranty Deed -- None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $292,500 New Conventional
Previous Owner $163,000 New Conventional
Previous Owner $168,000 New Conventional
Previous Owner $168,000 Adjustable Rate Mortgage/ARM
Previous Owner $32,000 Commercial
Previous Owner $188,000 Adjustable Rate Mortgage/ARM
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $390,000 -4.6% $417 / Sq Ft
05/30/2024 05/30/24 For Sale $409,000 +70.4% $437 / Sq Ft
11/09/2018 11/09/18 Sold $240,000 -2.0% $256 / Sq Ft
10/06/2018 10/06/18 Pending -- -- --
09/26/2018 09/26/18 For Sale $244,900 -- $262 / 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 $6,511 $177,400 $0 $0
2024 $4,824 $158,100 $0 $0
2023 $4,594 $140,400 $0 $0
2022 $4,436 $133,700 $0 $0
2021 $5,810 $128,300 $0 $0
2020 $5,487 $118,600 $0 $0
2019 $5,437 $107,800 $0 $0
2018 $4,875 $112,000 $0 $0
2017 $4,811 $113,900 $0 $0
2016 $4,736 $99,300 $0 $0
2015 $4,739 $99,300 $0 $0
2014 $3,256 $93,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24027096

Southwestern Michigan Association of REALTORS®

APN: 11-21-7201-0013-00-1