NOT LISTED FOR SALE

5581 Paradise Dr Reading, MI 49274

Estimated Value: $176,000 - $232,000

3 Beds
1 Bath
870 Sq Ft
$228/Sq Ft Est. Value

Last Sold October 11, 2016

Last sale price $90,000 $103 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $1,241/month

35 Days on Market

Highlights

  • 113 Feet of Waterfront
  • Deck
  • Recreation Room
  • Docks
  • Wood Burning Stove
  • No HOA

About This Home

As of October 2016

Cabin at the lake! Double lot with 113 feet of lake frontage. Located on a 5 lake chain offering great fishing. Beautifully done knotty pine interior with main floor bedroom and full bath, family room and large deck. Newer furnace, water heater and replacement windows makes it suitable for year round living. Partially finished basement with possible bedroom or family room with an egress window. I forgot to mention the loft room making a possible third bedroom. There is a whole lot of room and possibilities packed into this adorable cottage.Lot with Tax ID# 30101351024 included with this sale. There is a new roof scheduled to be installed the week of 7-22-16. This property is owned by a Real Estate agent.

Last Agent to Sell the Property

William Swallow

Diehl Realty, Inc. License #6501374544 Listed on: 06/28/2016

Last Buyer's Agent

Belle Stier

Sterling Realty Group LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,201

Year Built

  • Built in 1977

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 113x137x139x115
  • 113 Feet of Waterfront
  • The property's road front is unimproved
  • Shrub
  • Flag Lot

Parking

  • Unpaved Driveway

Home Design

  • Cabin
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 870 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Stove
  • Replacement Windows
  • Living Room
  • Dining Area
  • Recreation Room
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Oven
  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • 1 Bedroom in Basement

Outdoor Features

  • Water Access
  • No Wake Zone
  • Docks
  • Deck
  • Shed

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Propane
  • Heating System Powered By Leased Propane
  • Window Unit Heating System
  • Propane
  • Well
  • Natural Gas Water Heater
  • Septic System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,201

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Cabin/Cottage
  • Stories: 2
  • Year Built: 1977
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 113x137x139x115
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 870.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • General Property Info:Design: Cabin/Cottage
  • Tax Info:Annual Property Tax: 1201.41
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Windows:Replacement: Yes
  • Appliances Refrigerators: Yes
  • Landscape:ShrubsHedges: Yes
  • Util Avail at Street:Electric: Yes
  • Utilities Attached:Cable: Yes
  • Waterfront Options:Water Frontage3: 113.0
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • General Property Info:Fireplace: No
  • Additional Items:Ceiling Fans: Yes
  • Water Heater:Natural Gas4: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Lot Description:Flag Lot: Yes
  • Outbuildings:Storage Shed: Yes
  • Additional Items:GasWood Stove: Yes
  • Additional Items:LP Tank Rented: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven, Refrigerator
  • Interior Amenities: Ceiling Fans, Gas/Wood Stove, LP Tank Rented
  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 870.0
  • Window Features: Replacement
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Bedrooms: 1
  • Basement Rooms:Basement Finished SQFT: 154.0
  • Basement Rooms:Total Basement SQFT: 576.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 93900.0
  • Lot Features: Flag Lot
  • Other Structures: Shed(s)
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Water Body Name: Loon Lake
  • Waterfront Features: Dock, No Wake
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Features:Deck(s): Yes

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Propane
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Electricity Connected, Cable Connected, Telephone Line, Broadband
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Fee: 50.0
  • Association: No

Association/Amenities

  • Association Info:Approx Assoc Fee2: 50.0
  • Water Fea Amenities:No Wake: Yes
  • Water Fea Amenities:Dock: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Size Sq Ft: 16117.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1201.41
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2016
Closed on
Oct 11, 2016
Sold by
Swallow William H and Swallow Barbara J
Bought by
Shea Mark and Shea Janet
Seller's Agent
William Swallow
Diehl Realty, Inc.
Buyer's Agent
Belle Stier
Sterling Realty Group LLC
List Price
$98,900
Sold Price
$90,000
Premium/Discount to List
-$8,900
-9%
Current Estimated Value
$198,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,758
Avg. Annual Appreciation
9.21%
Original Mortgage
$72,000
Outstanding Balance
$33,747
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$165,011

Purchase Details

Closed on
Aug 12, 2011
Sold by
Mayes Gaylon L and Mayes Beverly A
Bought by
The Federal Home Loan Mortgage Corporati

Purchase Details

Closed on
Jun 21, 2006
Sold by
Reno James S and Reno Marlene A
Bought by
Mayes Gaylon L and Mayes Beverly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2004
Sold by
Copper John Charles
Bought by
Reno James S and Reno Marlene A

Purchase Details

Closed on
Feb 20, 2004
Sold by
Cooper John C
Bought by
Mortgage Electronic Registration Systems and Lender & Lenders Successor & Assigns Tim

Purchase Details

Closed on
Aug 7, 2002
Sold by
Cooper Phyllis A
Bought by
Cooper John C
Source: Public Records

Range of Values:

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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
Shea Mark $90,000 Midstate Title Agency
The Federal Home Loan Mortgage Corporati $104,080 None Available
Mayes Gaylon L $135,000 None Available
Reno James S $85,000 --
Mortgage Electronic Registration Systems $63,812 --
Cooper John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shea Mark $72,000
Previous Owner Mayes Gaylon L $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2016 10/11/16 Sold $90,000 -9.0% $103 / Sq Ft
08/02/2016 08/02/16 Pending -- -- --
06/28/2016 06/28/16 For Sale $98,900 +49.8% $114 / Sq Ft
05/21/2012 05/21/12 Sold $66,000 -2.9% $115 / Sq Ft View Prior Sale
04/16/2012 04/16/12 Pending -- -- --
03/09/2012 03/09/12 For Sale $68,000 -- $118 / 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 $2,193 $68,100 $0 $0
2024 $544 $57,300 $0 $0
2023 $518 $54,700 $0 $0
2022 $1,782 $47,100 $0 $0
2021 $1,733 $46,500 $0 $0
2020 $1,727 $45,500 $0 $0
2019 $1,681 $39,200 $0 $0
2018 $1,616 $37,500 $0 $0
2017 $1,628 $38,100 $0 $0
2016 $913 $39,000 $0 $0
2015 $405 $39,000 $0 $0
2013 $394 $35,960 $0 $0
2012 $389 $35,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16032837

Southwestern Michigan Association of REALTORS®

APN: 10-135-001-023