Seller's Agent in 2023
Alison Plaisier
Cressy & Everett Real Estate
(269) 999-0070
4 in this area
85 Total Sales
7976 Central Ave Coloma, MI 49038
Estimated Value: $428,500
11
Beds
5
Baths
--
Sq Ft
1.31
Acres
Highlights
- Deeded Waterfront Access Rights
- 1.31 Acre Lot
- Baseboard Heating
- 40 Feet of Waterfront
- Corner Lot: Yes
- Shared Waterfront
About This Home
As of September 2023Excellent investment opportunity, endless possibilities & deeded Paw Paw Lake access just steps away! Short term rentals (VRBO) are allowed, no permit needed but inspection is required every 3 years. Great beach town! Previously a hotel, this property currently rents as 5 units, all month to month. The main house has 2 rented units with an additional 5 bed/1bath (all on the 2nd floor) unutilized. Imagine how much more income potential there is! It could also be converted back to a single family home and you would still have 3 extra cottages to generate revenue. The 3 cottages can be parceled off with the addition of a well. There is also a buildable wooded parcel of land adjacent to the main house that could be sold. Close to restaurants, wineries and only 90 minutes to Chicago!
Last Agent to Sell the Property
Cressy & Everett Real Estate License #6506047750 Listed on: 06/29/2023
Last Buyer's Agent
Cressy & Everett Real Estate License #6506047750 Listed on: 06/29/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,839
Year Built
- Built in 1920
Lot Details
- 1.31 Acre Lot
- 40 Feet of Waterfront
- Corner Lot: Yes
Parking
- 10 Parking Spaces
Home Design
- Composition Roof
- Aluminum Siding
- Vinyl Siding
Outdoor Features
- Deeded Waterfront Access Rights
- Property is near a lake
- Shared Waterfront
Utilities
- Heating System Uses Natural Gas
- Radiant Heating System
- Wall Furnace
- Baseboard Heating
- Well
- Cable TV Available
Additional Features
- Water Views
- Michigan Basement
Listing and Financial Details
- Tenant pays for electric
- The owner pays for trash collection, water, sewer, gas
Community Details
Overview
- 4 Buildings
- 5 Units
Building Details
- Insurance Expense $2,418
- Utility Expense $5,148
- Operating Expense $13,579
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2023
Closed on
Sep 12, 2023
Sold by
Hotel Central Llc
Bought by
Snr Property Management Llc
Seller's Agent
Alison Plaisier
Cressy & Everett Real Estate
Buyer's Agent
Alison Plaisier
Cressy & Everett Real Estate
List Price
$399,900
Sold Price
$399,900
Views
80
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
$28,600
Purchase Details
Closed on
Jan 2, 2014
Sold by
Pater Parent Llc
Bought by
Hotel Central Llc
Purchase Details
Closed on
Jan 1, 2014
Sold by
Pater Charles L and Pater Linda J
Bought by
Hotel Central Llc
Purchase Details
Closed on
Jun 2, 2004
Sold by
Pater Charles L and Pater Linda J
Bought by
Krieger Rodney S and Krieger Sharron
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Snr Property Management Llc | -- | None Listed On Document | |
| Hotel Central Llc | -- | None Available | |
| Hotel Central Llc | -- | None Available | |
| Hotel Central Llc | -- | None Available | |
| Pater Parent Llc | -- | None Available | |
| Krieger Rodney S | $25,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/11/2023 09/11/23 | Sold | $399,900 | 0.0% | -- |
| 06/29/2023 06/29/23 | For Sale | $399,900 | -- | -- |
Source: MichRIC
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 |
|---|---|---|---|---|
| 2023 | $1,011 | $135,300 | $0 | $0 |
| 2022 | $4,858 | $123,500 | $0 | $0 |
| 2021 | $4,823 | $118,000 | $39,300 | $78,700 |
| 2020 | $4,824 | $107,900 | $0 | $0 |
| 2019 | $4,806 | $92,700 | $39,300 | $53,400 |
| 2018 | $4,398 | $92,700 | $0 | $0 |
| 2017 | $4,377 | $92,700 | $0 | $0 |
| 2016 | $4,271 | $92,700 | $0 | $0 |
| 2015 | $4,257 | $89,500 | $0 | $0 |
| 2014 | $974 | $89,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alison Plaisier
Map
Source: MichRIC
MLS Number: 23022740
APN: 11-08-4600-0167-02-1
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.
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