NOT LISTED FOR SALE

58508 Palmer Point Rd Colon, MI 49040

Estimated Value: $241,000 - $306,000

2 Beds
1.5 Baths
1,100 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $180,000 $164 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,566/month

Highlights

  • Private Waterfront
  • Recreation Room
  • 2 Car Detached Garage
  • Deck
  • Den
  • Patio

About This Home

As of February 2018

Palmer Lake in Colon, MI. Completely remodeled 2BD, 1-1/2 bath home with fully finished walkout basement & 2 car detached garage. Entered for comp purposes.

Last Agent to Sell the Property

Vinette Reames

RE/MAX Elite Group T.R. License #6506043723 Listed on: 02/05/2018

RE/MAX Elite Group T.R.

Last Buyer's Agent

Ruth Ann Scott

HG Real Estate License #6506040038

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,394

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 45 x 100
  • Private Waterfront
  • 45 Feet of Waterfront

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Replacement Windows
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Recreation Room
  • Laminate Flooring
  • Walk-Out Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer

Outdoor Features

  • Water Access
  • Property is near a lake
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Septic Tank
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,394

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1920
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 300.0
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 45 x 100
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1100.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 2394.01
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Windows:Replacement: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Waterfront Options:Water Frontage3: 45.0
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Substructure:Walk Out: Yes
  • General Property Info:SqFt Above Grade: 600.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Flooring:Laminate Floor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Washer
  • Flooring: Laminate
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Walk-Out Access
  • LivingArea: 1100.0
  • Window Features: Replacement, Window Treatments
  • General Property Info:Stories2: 1.0
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 180000.0
  • Patio and Porch Features: Deck, Patio
  • Roof: Composition
  • Water Body Name: Palmer Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Patio and Porch Features:Deck(s): Yes
  • 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
  • Sewer: Septic Tank
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:Private Frontage: Yes

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 45 x 100
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2394.01
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2018
Closed on
Feb 2, 2018
Sold by
Carr John R and Carr Kathereen K
Bought by
Shetterly Brian K and Shetterly Rebecca I
Seller's Agent
Vinette Reames
RE/MAX Elite Group T.R.
Buyer's Agent
Ruth Ann Scott
HG Real Estate
List Price
$180,000
Sold Price
$180,000
Current Estimated Value
$266,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,244
Avg. Annual Appreciation
5.09%
Original Mortgage
$144,000
Outstanding Balance
$121,802
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$144,442

Purchase Details

Listed on
Feb 4, 2016
Closed on
Mar 23, 2016
Sold by
Meyer Raymond J and Meyer Brandi
Bought by
Carr John R and Carr Kathleen K
Seller's Agent
Randy Sharp
RE/MAX Elite Group
Buyer's Agent
Vinette Reames
RE/MAX Elite Group
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.91%

Purchase Details

Closed on
Jun 13, 2011
Sold by
Clark Janice and Blair Lionel D
Bought by
Meyer Raymond J

Purchase Details

Closed on
Jun 24, 2003
Sold by
Robinson Ires Elaine
Bought by
Blair Lionel Darrell and Coakley Harr

Purchase Details

Closed on
Nov 23, 1998

Purchase Details

Closed on
Apr 17, 1995
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Shetterly Brian K $180,000 Patrick Abstract And Title O
Carr John R $65,000 Patrick Abstract & Title Off
Meyer Raymond J $35,000 None Available
Blair Lionel Darrell -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shetterly Brian K $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2018 02/05/18 For Sale $180,000 0.0% $164 / Sq Ft
02/02/2018 02/02/18 Sold $180,000 +176.9% $164 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
03/25/2016 03/25/16 Sold $65,000 -7.0% $108 / Sq Ft View Prior Sale
02/17/2016 02/17/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $69,900 -- $117 / 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 $2,000 $125,600 $44,700 $80,900
2024 $717 $116,300 $40,900 $75,400
2023 $1,903 $98,900 $35,400 $63,500
2022 $0 $85,500 $32,600 $52,900
2021 $0 $81,200 $32,600 $48,600
2020 $0 $73,500 $32,600 $40,900
2019 $608 $57,400 $22,300 $35,100
2018 $1,386 $44,000 $26,100 $17,900
2017 $2,215 $48,500 $48,500 $0
2016 -- $49,000 $49,000 $0
2015 -- $48,300 $0 $0
2014 -- $47,200 $47,200 $0
2012 -- $45,200 $45,200 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2018

    Vinette Reames

    RE/MAX Michigan

    Section Image
  • Ruth Ann Scott

    Buyer's Agent in 2018

    Ruth Ann Scott

    HG Real Estate

    (269) 273-6915

    9 Total Sales

    Ruth Ann Scott
    Section Image
  • Randy Sharp

    Seller's Agent in 2016

    Randy Sharp

    RE/MAX Michigan

    (269) 432-3824

    207 Total Sales

    Randy Sharp
    Section Image
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Map

Source: MichRIC

MLS Number: 18004056

MichRIC

APN: 002-130-009-00

Michigan St. Joseph County Colon 49040

58508 Palmer Point Rd, Colon, MI

Not Listed for Sale

Detached

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