NOT LISTED FOR SALE

5579 Benson Terrace Coloma, MI 49038

Estimated Value: $1,854,000 - $2,626,000

8 Beds
4 Baths
5,007 Sq Ft
$437/Sq Ft Est. Value

Sale Details

Date Sold: December 20, 2021

Last sale price $1,950,000 $389 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $15,009 / mo

123 Days on Market

Highlights

  • 123 Feet of Waterfront
  • In Ground Pool
  • Recreation Room
  • Indoor Spa
  • Family Room with Fireplace
  • Traditional Architecture

About This Home

As of December 2021

Beautiful 8 bed, 4 bath home in coveted Ellinee Bay on Paw Paw Lake. Five-thousand plus sqft home sits on over half an acre, with 123' feet of lake frontage. Swim, fish, and dock your boat from the permanent pier or lounge on the expansive patio next to the inground pool. Open the fence gate and step onto the sand to launch your kayak or paddleboard. Patio has an inground hot tub, firepit, and outdoor living room area complete with fireplace. Gas torches on the pool deck and the pool cover are operated with the touch of a button. Inside bar features a true commercial bar fridge and commercial ice maker along with a 5 zone Sonos audio system. Two laundry areas, each with a washer and dryer, makes drying beach towels convenient. This home features a circular drive with more than ample parking, large detached 2 car garage with 2nd floor storage area, a fenced and professionally landscaped yard. Roof redone in 2008, commercial-grade appliances, all new LVP flooring throughout, and newer LED lighting. Master and upstairs bedrooms redone in 2018. Home is being sold turn-key; all furniture, etc. stays including a wakeboard/ski boat and a pontoon boat.
Way too many features to list!

Last Agent to Sell the Property

Mary Phelan

Windy Mitten Properties License #6501414128 Listed on: 07/30/2021

Last Buyer's Agent

Charlene Willmeng

American Homes Real Estate License #6506043991

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,709

Year Built

  • Built in 1997

Lot Details

  • 26,572 Sq Ft Lot
  • 123 Feet of Waterfront
  • Lake Front
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 5,007 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Window Treatments
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Dining Area
  • Recreation Room
  • Bonus Room
  • Indoor Spa
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms | 4 Main Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Water Access
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System
  • Well
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,709

Year Built

Built in 1997

Lot Details

0.61 Acres

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1997
  • 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: 123.0
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Oven, Microwave, Dishwasher, Dryer, Washer, Range
  • Interior Amenities: Hot Tub Spa, Wet Bar
  • Fireplace Features: Family Room, Other
  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 8
  • Main Level Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Crawl Space
  • LivingArea: 5007.0
  • Window Features: Window Treatments

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fenced
  • List Price: 2750000.0
  • Patio and Porch Features: Patio
  • Water Body Name: Paw Paw Lake
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached, Detached

Utilities

  • Cooling: Central Air, Wall Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Hot Water, Radiant
  • Heating: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.61
  • Lot Size Area: 0.61
  • Lot Dimensions: irregular
  • Lot Size Sq Ft: 26572.0
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 25708.6
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Dec 20, 2021
Sold by
Aiello Salvatore J and Aiello Kari E
Bought by
Bertuca Theodore Francis and Constance Anne Bertuca 2020 Gst Exempt F
Seller's Agent
Mary Phelan
Windy Mitten Properties
Buyer's Agent
Charlene Willmeng
American Homes Real Estate
List Price
$2,995,000
Sold Price
$1,950,000
Premium/Discount to List
-$1,045,000
-34.89%
Current Estimated Value
$2,188,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,123
Avg. Annual Appreciation
2.73%

Purchase Details

Closed on
Feb 11, 2014
Sold by
Aiello Salvatore J and Aiello Kari
Bought by
The Sam & Kari Aiello Family Revocable T

Purchase Details

Closed on
Apr 24, 2007
Sold by
Baiers Nancy S and Nancy S Baiers Living Trust
Bought by
Aiello Salvatore J and Aiello Kari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Bertuca Theodore Francis -- First American Title
The Sam & Kari Aiello Family Revocable T -- None Available
Aiello Salvatore J $950,000 Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aiello Salvatore J $712,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2021 12/20/21 Sold $1,950,000 -34.9% $389 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $2,995,000 -- $598 / 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 $39,936 $1,118,500 $0 $0
2024 $9,014 $995,600 $0 $0
2023 $8,150 $791,700 $0 $0
2022 $7,762 $713,700 $0 $0
2021 $25,628 $662,300 $388,800 $273,500
2020 $25,633 $666,600 $0 $0
2019 $25,609 $638,200 $388,800 $249,400
2018 $23,125 $638,200 $0 $0
2017 $23,016 $676,000 $0 $0
2016 $22,715 $676,000 $0 $0
2015 $22,676 $638,300 $0 $0
2014 $5,052 $619,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21097787

MichRIC

APN: 11-08-4470-0007-01-3

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