NOT LISTED FOR SALE

58855 Yeatter Rd Colon, MI 49040

Estimated Value: $262,000 - $299,000

2 Beds
1 Bath
990 Sq Ft
$282/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $274,999 $278 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,666/month

2 Days on Market

Highlights

  • 60 Feet of Waterfront
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Deck
  • Storm Windows
  • Dining Area

About This Home

As of July 2023

This opportunity won't last long! Affordable lakeside living with plenty of space at an affordable price on 444 acre All Sport Palmer Lake! The cottage offers 2 bedrooms, updated kitchen/bathroom and a quaint living room area with wood burning fireplace. The 4 seasons porch offers unobstructed views from every window with sliding glass doors leading to the wrap around, lakeside deck. A few feet from the deck is 65 ft of sand/gravel frontage. A separate bunkhouse offers yet another 3 bedrooms with a small common area and its own updated bathroom. A one car detached garage gives you ample space for storage or lake toys. The home is being sold fully furnished at this price point so don't wait! Call the listing agent to schedule your private showing ASAP!

Last Listed By

Nic Sharp

RE/MAX Elite Group T.R. License #6501407480 Listed on: 06/06/2023

RE/MAX Elite Group T.R.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,957

Year Built

  • Built in 1940

Lot Details

  • 7,200 Sq Ft Lot
  • Lot Dimensions are 130 x 65
  • 60 Feet of Waterfront

Parking

  • 1 Car Detached Garage

Home Design

  • Cabin
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 990 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Living Room with Fireplace
  • Dining Area
  • Water Views
  • Michigan Basement
  • Storm Windows
  • Oven

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Septic System
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,957

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1940
  • ResoPropertyType: Residential
  • Appliances Dryer: Yes
  • Washers: Yes
  • Architectural Style Cabin: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Oven, Washer
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 990.0
  • Window Features: Storms, Screens
  • Appliances:Oven: Yes
  • Fireplace:Living: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 274999.0
  • Patio and Porch Features: Deck
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Palmer Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Connected
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 130 x 65
  • Lot Size Sq Ft: 7200.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3957.31
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2017
Sold by
Tompkins Kathleen Anne and Pecyna Noreen Therese
Bought by
Glab John and Glab Carol
Total Days on Market
2
Current Estimated Value
$279,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$101,675
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$197,795

Purchase Details

Closed on
Aug 23, 2011
Sold by
Brennan Mary A
Bought by
Tompkins Kathleen Anne and Pecyna Noreen Therese

Purchase Details

Closed on
Jun 6, 1984
Sold by
Jarrett Barry R and Jarrett Lita L
Bought by
Brennan Mary A

Range of Values:

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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
Glab John $160,000 Attorney
Tompkins Kathleen Anne -- None Available
Brennan Mary A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glab John $120,000
Previous Owner Brennan Mary A $90,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $274,999 0.0% $278 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $274,999 -- $278 / 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
2024 $1,420 $133,700 $57,000 $76,700
2023 $3,972 $114,200 $49,300 $64,900
2022 $0 $99,400 $45,400 $54,000
2021 $0 $95,300 $45,400 $49,900
2020 $0 $95,400 $45,400 $50,000
2019 $785 $74,200 $31,100 $43,100
2018 $3,716 $75,300 $36,300 $39,000
2017 $1,031 $83,500 $83,500 $0
2016 -- $84,500 $84,500 $0
2015 -- $82,800 $0 $0
2014 -- $80,200 $80,200 $0
2012 -- $79,700 $79,700 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23019115

Southwestern Michigan Association of REALTORS®

APN: 002-090-006-00