NOT LISTED FOR SALE

Estimated Value: $221,000 - $312,269

5 Beds
2 Baths
-- Sq Ft
4.5 Acres

Last Sold September 30, 2019

Last sale price $70,000

Est. 280% increase in value since last sale

Current estimated payment $1,891/month

190 Days on Market

Highlights

  • 4.5 Acre Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of September 2019

Great investment potential in this two-flat with HUGE 30'x50' pole barn situated on 4.5 wooded acres. Conveniently located just down the road from Paw Paw Lake and downtown Coloma. Pole barn has concrete floor, electric, and large sliding entrance door perfect for storing all your large toys. If this isn't enough, a separate garage (20'x16) and storage shed (12'x10') is also included on the property. First floor unit is currently rented on a month-to-month basis with tenants paying all utilities except sewer and trash removal. Will be sold as is.

Last Agent to Sell the Property

Rick Pantaleo

Windy Mitten Properties License #6501416261 Listed on: 01/09/2019

Last Buyer's Agent

Susan Pantaleo

Windy Mitten Properties License #6502411999

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1950

Lot Details

  • 4.5

Parking

  • 5 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Well

Additional Features

  • Crawl Space
  • 4.5 Acre Lot

Community Details

  • 4 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for trash collection, gas
  • The owner pays for sewer

Property Details

Home Type

Apartment

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 79900.0
  • Lot Features: Wooded
  • Number of Buildings: 4
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Sewer
  • Water Source: Well

Lot Info

  • Lot Size Acres: 4.5
  • Lot Size Area: 4.5
  • Lot Size Sq Ft: 196020.0
  • Zoning Description: R-1B
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer
  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2962.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2019
Closed on
Sep 27, 2019
Sold by
Mandarino Lynne M and Bennett Susan M
Bought by
Delgado Rentals Llc
Seller's Agent
Rick Pantaleo
Windy Mitten Properties
Buyer's Agent
Susan Pantaleo
Windy Mitten Properties
List Price
$99,900
Sold Price
$70,000
Premium/Discount to List
-$29,900
-29.93%
Total Days on Market
190
Current Estimated Value
$266,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,317
Avg. Annual Appreciation
26.57%
Original Mortgage
$135,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2018
Sold by
Walter J Mandarino Trust
Bought by
Bennett Susan M

Purchase Details

Closed on
May 10, 2018
Sold by
Mulherin Deanna M
Bought by
Bennett Susan M and Mandarino Susan M

Purchase Details

Closed on
May 4, 1984
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Delgado Rentals Llc $70,000 None Available
Bennett Susan M -- None Listed On Document
Bennett Susan M -- None Available
-- $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delgado Rentals Llc $195,000
Closed Delgado Rentals Llc $210,000
Closed Delgado Rentals Llc $135,000
Closed Delgado Rentals Llc $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $70,000 -29.9% --
07/18/2019 07/18/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $99,900 -- --
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
2025 $4,817 $135,000 $0 $0
2024 $968 $127,700 $0 $0
2023 $922 $111,900 $0 $0
2022 $878 $97,900 $0 $0
2021 $3,854 $83,600 $16,500 $67,100
2020 $3,855 $77,100 $0 $0
2019 $3,289 $68,200 $16,500 $51,700
2018 $2,976 $68,200 $0 $0
2017 $2,962 $68,200 $0 $0
2016 $2,923 $66,800 $0 $0
2015 $2,913 $63,400 $0 $0
2014 $656 $62,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19001198

Southwestern Michigan Association of REALTORS®

APN: 11-08-0016-0004-00-4