NOT LISTED FOR SALE

57525 Cool Water Colon, MI 49040

Estimated Value: $666,000 - $838,000

4 Beds
3.5 Baths
3,458 Sq Ft
$211/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $440,000 $127 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,830/month

213 Days on Market

Highlights

  • Private Waterfront
  • Deck
  • Recreation Room
  • Fruit Trees
  • Living Room with Fireplace
  • Traditional Architecture

About This Home

As of August 2019

SPECTACULAR CUSTOM HOME SITTING ON 3.5 ACRES ON ALL SPORTS 210 ACRE LOVELY STURGEON LAKE. ENJOY NOT ONLY WHAT STURGEON LAKE HAS TO OFFER, BUT ALSO MILES OF BOATING ON THE CONNECTED ST JOE RIVER. This 4 bedroom beauty has title flooring and quartz counter tops in the kitchen, Polished Oak floors throughout, 20' high ceiling in family and living rooms with built in sound system with access to the large tiger-Teak wood deck. The expansive master has great lakeside views with a master bath that features custom sinks and faucets, glass and stone tile walk in shower and a Jacuzzi tub, plus a walk in closet. The lower level is prepped and ready to be finished for additional entertaining such a gaming room. A well ventilated sitting room and gas fireplace is for the cigar aficionados. CLICK MORE The lakeside is surrounded by a retaining seawall and inside pumps designed to withstand any 100 year flood. An additional pole barn is included and the property is surrounded by pear, cherry, and apple trees. Colon is the magic capital of the world and only 2 1/2 hours from Chicago.

Last Agent to Sell the Property

Dennis Bamber

Cressy & Everett Real Estate License #6501392410 Listed on: 11/23/2018

Cressy & Everett Real Estate

Co-Listed By

Michelle Owens

Cressy & Everett Real Estate License #6501391813

Last Buyer's Agent

Dennis Bamber

Cressy & Everett Real Estate License #6501392410 Listed on: 11/23/2018

Cressy & Everett Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,280

Year Built

  • Built in 2007

Lot Details

  • 3.5 Acre Lot
  • Private Waterfront
  • 130 Feet of Waterfront
  • Decorative Fence
  • Shrub
  • Level Lot
  • Fruit Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Unpaved Driveway

Home Design

  • Traditional Architecture
  • Brick or Stone Mason
  • Composition Roof
  • Vinyl Siding
  • Stone

Interior Spaces

  • 3,458 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Built-In Desk
  • Ceiling Fan
  • Gas Log Fireplace
  • Window Treatments
  • Garden Windows
  • Window Screens
  • Mud Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Recreation Room
  • Water Views
  • Storm Windows

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Stove
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Snack Bar or Counter
  • Disposal

Flooring

  • Wood
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Water Access
  • Deck
  • Pole Barn
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Power Generator
  • Septic System

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,280

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 2007
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: IRR
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 3458.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 6279.65
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Landscape:ShrubsHedges: Yes
  • General Property Info:Total Fireplaces: 2.0
  • Lot Description:Level: Yes
  • Water:Public2: Yes
  • Waterfront Options:Water Frontage3: 130.0
  • Driveway:Unpaved: Yes
  • Windows:Screens: Yes
  • General Property Info:Fireplace: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Substructure:Walk Out: Yes
  • Additional Items:Home Warranty: Yes
  • Substructure:Daylight: Yes
  • Landscape:Terraced Yard: Yes
  • Landscape:Decor Fence: Yes
  • Additional Items:GasWood Stove: Yes
  • Landscape:Fruit Trees: Yes
  • Additional Items:Whirlpool Tub: Yes
  • Windows:Storms: Yes
  • Appliances:Built in Oven: Yes
  • Additional Items:Central Vacuum: Yes
  • Additional Items:Generator: Yes
  • General Property Info:SqFt Above Grade: 3458.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Flooring:Wood Floor: Yes
  • Flooring:Ceramic Floor: Yes
  • Flooring Stone Floor: Yes
  • Other Structures:Pole Barn: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built in Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Ceramic Tile, Stone, Wood
  • Interior Amenities: Ceiling Fan(s), Central Vacuum, Garage Door Opener, Center Island, Eat-in Kitchen, Pantry
  • Fireplace Features: Gas/Wood Stove, Gas Log, Living Room, Other
  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 4
  • Main Level Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Daylight, Full, Walk-Out Access
  • LivingArea: 3458.0
  • Spa Features: Whirlpool Tub
  • Window Features: Storms, Screens, Garden Window, Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 2774.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Breakfast Nook: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features:Mud Room Access: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Gas Log: Yes
  • Fireplace:Living: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes
  • Kitchen Features:Desk Built-In: Yes
  • Appliances:Cook Top: Yes
  • Kitchen Features:Garden Window: Yes

Exterior Features

  • Construction Materials: Stone, Vinyl Siding
  • Home Warranty: Yes
  • List Price: 459000.0
  • Lot Features: Level, Sidewalk
  • Other Structures: Pole Barn
  • Patio and Porch Features: Deck, Porch(es)
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Sturgeon Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Stone: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Electric: Generator
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:Public Access 1 Mile or Less: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 3.5
  • Lot Size Area: 3.5
  • Lot Dimensions: IRR
  • Lot Size Sq Ft: 152460.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6279.65
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2018
Closed on
Aug 8, 2019
Sold by
Schumaker Jonathon N and Schumaker Beverly J
Bought by
Tease Kevin Orwin
Seller's Agent
Dennis Bamber
Cressy & Everett Real Estate
Buyer's Agent
Dennis Bamber
Cressy & Everett Real Estate
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Current Estimated Value
$729,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,534
Avg. Annual Appreciation
8.69%
Original Mortgage
$352,000
Outstanding Balance
$234,036
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$495,498

Purchase Details

Closed on
Jul 29, 2010
Sold by
Malesh Allan B and Malesh Karin E
Bought by
Schumaker Jonathon N and Schumaker Beverly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2003
Sold by
Happel Joe and Happel Glenna
Bought by
Malesh Allan B and Malesh Karin E

Purchase Details

Closed on
Jul 24, 2003
Sold by
Happel Joe and Happel Glenna
Bought by
Vega Luis R and Vega Dennisse

Purchase Details

Closed on
May 21, 2001
Sold by
Penrod Thomas and Penrod Judith A

Purchase Details

Closed on
May 16, 2001

Purchase Details

Closed on
Apr 28, 1997

Purchase Details

Closed on
Jan 18, 1997

Purchase Details

Closed on
Nov 25, 1994
Sold by
Carpenter Terry L and Carpenter Marilyn J
Bought by
Happel Joe and Happel Glenna
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
Tease Kevin Orwin $440,000 Patrick Abtract & Ttl Office
Schumaker Jonathon N $450,000 Lighthouse Title Inc
Malesh Allan B $89,900 --
Vega Luis R -- --
Vega Luis R $164,000 --
-- -- --
-- -- --
-- -- --
-- -- --
Happel Joe $128,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tease Kevin Orwin $352,000
Previous Owner Schumaker Jonathon N $50,000
Previous Owner Schumaker Jonathon N $388,000
Previous Owner Schumaker Jonathon N $405,000
Previous Owner Malesh Allan B $284,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2019 08/12/19 Sold $440,000 -4.1% $127 / Sq Ft
06/24/2019 06/24/19 Pending -- -- --
11/23/2018 11/23/18 For Sale $459,000 -- $133 / 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 $10,359 $476,200 $58,400 $417,800
2024 $3,715 $445,200 $56,500 $388,700
2023 $9,849 $384,000 $56,500 $327,500
2022 $0 $329,300 $56,500 $272,800
2021 $0 $307,100 $56,500 $250,600
2020 $0 $312,000 $56,500 $255,500
2019 $2,408 $275,300 $56,500 $218,800
2018 $6,491 $230,600 $56,500 $174,100
2017 $5,982 $231,700 $231,700 $0
2016 -- $236,100 $236,100 $0
2015 -- $227,900 $0 $0
2014 -- $215,600 $215,600 $0
2012 -- $224,000 $224,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18056095

Southwestern Michigan Association of REALTORS®

APN: 002-010-012-50