NOT LISTED FOR SALE

59982 Walters Trail Colon, MI 49040

Estimated Value: $155,304

1 Bed
1 Bath
702 Sq Ft
$221/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $120,000 $171 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $891/month

2 Days on Market

Highlights

  • Private Waterfront
  • Recreation Room
  • Eat-In Kitchen
  • Maid or Guest Quarters
  • 1 Car Detached Garage
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of August 2017

Offering a great little cottage, sitting on 222 acre Long Lake in the Magic Capitol of the world.
Totally remodeled and updated. 1 large bedroom, and 1 bath is perfect for relaxing. Need a little more space? Use the garage apartment for extra room to stretch out. The lakeside yard is flat and wonderful for lake and yard games. Long Lake connects to Palmer Lake (444 acres) via jet ski, canoe, kayak or small fishing boat. All of this relaxation nestled among the Amish Community.... This is a must see property.

Last Listed By

Sharon Serwatka

RE/MAX Elite Group Listed on: 07/21/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,373

Year Built

  • Built in 1950

Lot Details

  • 4,437 Sq Ft Lot
  • Lot Dimensions are 35x125
  • Private Waterfront
  • 35 Feet of Waterfront
  • The property's road front is unimproved
  • Shrub
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Unpaved Driveway

Home Design

  • Cabin
  • Composition Roof
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 702 Sq Ft Home
  • 1-Story Property
  • Replacement Windows
  • Window Treatments
  • Living Room
  • Dining Area
  • Recreation Room
  • Water Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Maid or Guest Quarters
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Patio

Location

  • Mineral Rights

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Powered By Leased Propane
  • Well
  • Propane Water Heater
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,373

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Interior Amenities: Garage Door Opener, Guest Quarters, LP Tank Rented, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space
  • LivingArea: 702.0
  • Window Features: Replacement, Window Treatments
  • Kitchen Features:Eating Area: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Shingle Siding, Vinyl Siding
  • List Price: 129000.0
  • Lot Features: Level, Sidewalk
  • Patio and Porch Features: Patio
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Water Body Name: Long Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Wall Unit(s)
  • 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
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 35X125
  • Lot Size Sq Ft: 4437.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1373.32
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2017
Closed on
Aug 31, 2017
Sold by
Gerschutz Raymond and Gerschutz Shirley
Bought by
Mccall Chris and Mccall Sarah
Seller's Agent
Sharon Serwatka
RE/MAX Elite Group
Buyer's Agent
Angie Marsh
Southern Marsh Realty
List Price
$129,000
Sold Price
$120,000
Premium/Discount to List
-$9,000
-6.98%
Total Days on Market
2
Current Estimated Value
$155,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,304
Avg. Annual Appreciation
3.87%
Original Mortgage
$103,500
Outstanding Balance
$87,906
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$72,677

Purchase Details

Closed on
Aug 26, 2008
Sold by
Barnhart Arthur L and Barnhart Edith V
Bought by
Gerschutz Raymond and Gerschutz Shirley

Purchase Details

Closed on
Mar 30, 2005
Sold by
Barnhart Arthur L and Barnhart Mary
Bought by
Barnhart Arthur L and Barnhart Edith V

Purchase Details

Closed on
May 13, 1996

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
Mccall Chris $120,000 Attorney
Gerschutz Raymond $135,000 Patrick Abstract
Barnhart Arthur L -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccall Christopher $50,000
Open Mccall Chris $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold $120,000 -7.0% $171 / Sq Ft
07/23/2017 07/23/17 Pending -- -- --
07/21/2017 07/21/17 For Sale $129,000 -- $184 / 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 $357 $46,200 $10,600 $35,600
2023 $948 $40,700 $10,600 $30,100
2022 $0 $35,600 $10,600 $25,000
2021 $0 $33,600 $10,600 $23,000
2020 $1,364 $33,600 $10,600 $23,000
2019 $302 $30,300 $10,600 $19,700
2018 $915 $27,900 $10,600 $17,300
2017 $1,240 $28,000 $28,000 $0
2016 -- $28,500 $28,500 $0
2015 -- $27,600 $0 $0
2014 -- $26,400 $26,400 $0
2012 -- $31,100 $31,100 $0
Source: Public Records

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Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17036205

Southwestern Michigan Association of REALTORS®

APN: 002-220-008-01