Seller's Agent in 2021
The Tomlinson Group
RE/MAX Michigan
(269) 205-8686
4 in this area
125 Total Sales
6128 M 63 N Coloma, MI 49038
Lake Michigan Beach NeighborhoodEstimated Value: $273,000 - $558,000
--
Bed
1
Bath
--
Sq Ft
10,349
Sq Ft Lot
Highlights
- Deeded Waterfront Access Rights
- Window Unit Cooling System
- Baseboard Heating
- Beach
- Forced Air Heating and Cooling System
About This Home
As of October 2021Unique investment opportunity. One of the few short term rental locations still available in SW Michigan. This property offers 3 units (1 bdrm, 2 bdrm & 4 bdrm) with rental history. The 1 & 2 bedroom units are currently being used as short term/vacation rentals & the 4 bedroom unit is used as a long term rental with a tenant. Property has lots of updates including: replacement windows, vinyl siding, newer HVAC in the 4 bdrm unit.The two short term units share a large outdoor area with a fire pit & the long term unit has a private fenced backyard with a patio. Located a mile from the lake & Hagar Park Beach & less than 5 miles from Riverside Kayak Park. Prime central location for vacation rental - 15 minutes from St. Joseph, 20 minutes from South Haven & less than 2 hours from Chicago.
Last Agent to Sell the Property
RE/MAX by the Lake License #6501393583 Listed on: 08/06/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,156
Year Built
- Built in 1952
Lot Details
- 10,349 Sq Ft Lot
- Lot Dimensions are 166 x 125 x 150
Parking
- 8 Parking Spaces
Home Design
- Slab Foundation
- Composition Roof
- Vinyl Siding
Outdoor Features
- Deeded Waterfront Access Rights
Utilities
- Window Unit Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Window Unit Heating System
- Baseboard Heating
- Well
- Septic System
- Cable TV Available
Listing and Financial Details
- Tenant pays for gas
Community Details
Overview
- $250 HOA Transfer Fee
- 3 Units
Recreation
- Beach
Building Details
- Insurance Expense $2,056
- Maintenance Expense $335
- Manager Expense $2,097
- Utility Expense $2,707
- Operating Expense $13,895
- Gross Income $33,968
- Net Operating Income $20,073
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 6, 2021
Closed on
Oct 18, 2021
Sold by
Clear Choice Solutions Llc
Bought by
Knight James E
Seller's Agent
The Tomlinson Group
RE/MAX by the Lake
Buyer's Agent
Catherine Waggoner
CK Home Group
List Price
$309,000
Sold Price
$300,000
Premium/Discount to List
-$9,000
-2.91%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,485
Avg. Annual Appreciation
7.18%
Original Mortgage
$225,000
Outstanding Balance
$175,205
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$217,669
Purchase Details
Closed on
Jul 25, 2013
Sold by
Charter Capital Llc
Bought by
Clear Choice Solutions Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.02%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 29, 2009
Sold by
Charter Capital Llc
Bought by
Clear Choice Solutions Llc
Purchase Details
Closed on
Jul 10, 2007
Sold by
Cristobal Isabel B
Bought by
Charter Capital Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.54%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 17, 2004
Sold by
La Playa Inv Llc
Bought by
Charter Capital Llc
Purchase Details
Closed on
Jun 26, 1996
Purchase Details
Closed on
Aug 22, 1988
Purchase Details
Closed on
Dec 28, 1977
Purchase Details
Closed on
Nov 13, 1977
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Knight James E | $300,000 | First American Title | |
| Knight James E | $300,000 | First American Title | |
| Clear Choice Solutions Llc | $101,000 | Multiple | |
| Clear Choice Solutions Llc | -- | Multiple | |
| Charter Capital Llc | $99,080 | None Available | |
| Charter Capital Llc | -- | -- | |
| -- | -- | -- | |
| -- | $34,000 | -- | |
| -- | $1,800 | -- | |
| -- | $33,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Knight James E | $225,000 | |
| Closed | Knight James E | $225,000 | |
| Previous Owner | Clear Choice Solutions Llc | $85,000 | |
| Previous Owner | Charter Capital Llc | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/18/2021 10/18/21 | Sold | $300,000 | -2.9% | -- |
| 09/04/2021 09/04/21 | Pending | -- | -- | -- |
| 08/06/2021 08/06/21 | For Sale | $309,000 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $5,056 | $135,500 | $0 | $0 |
| 2024 | $1,324 | $121,700 | $0 | $0 |
| 2023 | $1,280 | $119,200 | $0 | $0 |
| 2022 | $1,219 | $112,100 | $0 | $0 |
| 2021 | $2,177 | $68,400 | $12,200 | $56,200 |
| 2020 | $2,149 | $50,600 | $0 | $0 |
| 2019 | $2,153 | $50,400 | $0 | $0 |
| 2018 | $2,700 | $63,200 | $0 | $0 |
| 2017 | $2,586 | $62,700 | $0 | $0 |
| 2016 | $2,806 | $70,100 | $0 | $0 |
| 2015 | $2,778 | $68,400 | $0 | $0 |
| 2014 | $786 | $76,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
The Tomlinson Group
-
Catherine Waggoner
Buyer's Agent in 2021
Catherine Waggoner
CK Home Group
(269) 845-0316
2 in this area
134 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 21099021
APN: 11-10-4540-0526-00-4
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