NOT LISTED FOR SALE

58526 Palmer Point Rd Colon, MI 49040

Estimated Value: $154,000 - $209,730

1 Bed
1 Bath
864 Sq Ft
$212/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $120,000 $139 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,136/month

Highlights

  • 55 Feet of Waterfront
  • Deck
  • Wood Siding
  • Property is near a lake
  • Space Heater
  • Cabin

About This Home

As of November 2021

This home is located at 58526 Palmer Point Rd, Colon, MI 49040 since 18 August 2021 and is currently estimated at $183,183, approximately $212 per square foot. This property was built in 1950. 58526 Palmer Point Rd is a home located in St. Joseph County.

Last Agent to Sell the Property

Ron Wells

ERA Reardon Realty License #6501406172 Listed on: 08/18/2021

ERA Reardon Realty

Last Buyer's Agent

Ron Wells

ERA Reardon Realty License #6501406172 Listed on: 08/18/2021

ERA Reardon Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,163

Year Built

  • Built in 1950

Lot Details

  • 5,489 Sq Ft Lot
  • Lot Dimensions are 100 x 55
  • 55 Feet of Waterfront
  • Property is zoned AG, AG

Parking

  • Gravel Driveway

Home Design

  • Cabin
  • Wood Siding

Interior Spaces

  • 864 Sq Ft Home
  • 2-Story Property
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Property is near a lake
  • Deck

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic Tank
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,163

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Cabin
  • Stories: 2
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 277.78
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100 x 55
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 864.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1163.0
  • Tax Info:Zoning3: AG
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Waterfront Options:Water Frontage3: 55.0
  • Driveway:Gravel: Yes
  • Substructure:Walk Out: Yes
  • Water Heater:Natural Gas4: Yes
  • Heat Type:Space Heater: Yes
  • General Property Info:SqFt Above Grade: 432.0
  • General Property Info Garage YN: No
  • Architectural Style Cabin: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Walk-Out Access
  • LivingArea: 864.0
  • General Property Info:Stories2: 2.0

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 120000.0
  • Patio and Porch Features: Deck
  • Water Body Name: Palmer Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Space Heater
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:All Sports: Yes

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 100 x 55
  • Lot Size Sq Ft: 5489.0
  • Zoning Description: AG
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1163.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Nov 10, 2021
Sold by
Medema Robert and Medema Linda
Bought by
Smoker Mikeal
Seller's Agent
Ron Wells
ERA Reardon Realty
Buyer's Agent
Ron Wells
ERA Reardon Realty
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$183,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,183
Avg. Annual Appreciation
10.92%
Original Mortgage
$122,760
Outstanding Balance
$112,582
Interest Rate
3.05%
Mortgage Type
VA
Estimated Equity
$70,601

Purchase Details

Closed on
Jun 3, 1997
Sold by
Medema Robert and Medema Linda

Purchase Details

Closed on
Jul 1, 1987
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
Smoker Mikeal $120,000 None Available
-- -- --
-- $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smoker Mikeal $122,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2021 11/10/21 Sold $120,000 0.0% $139 / Sq Ft
08/18/2021 08/18/21 For Sale $120,000 -- $139 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
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 $2,077 $92,600 $49,400 $43,200
2024 $745 $84,500 $45,300 $39,200
2023 $1,976 $72,500 $39,100 $33,400
2022 $0 $63,600 $36,000 $27,600
2021 $0 $61,800 $36,000 $25,800
2020 $0 $61,800 $36,000 $25,800
2019 $250 $47,100 $24,700 $22,400
2018 $1,192 $50,400 $28,800 $21,600
2017 $1,033 $56,700 $56,700 $0
2016 -- $57,300 $57,300 $0
2015 -- $56,400 $0 $0
2014 -- $54,900 $54,900 $0
2012 -- $53,000 $53,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Ron Wells

    Seller's Agent in 2021

    Ron Wells

    ERA Reardon Realty

    (269) 579-0768

    78 Total Sales

    Ron Wells
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Map

Source: MichRIC

MLS Number: 21100915

MichRIC

APN: 002-130-011-00

Michigan St. Joseph County Colon 49040

58526 Palmer Point Rd, Colon, MI

Not Listed for Sale

Detached

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