7976 Central Ave Coloma, MI 49038
Paw Paw Lake AreaEstimated payment $5,932/month
Highlights
- 40 Feet of Waterfront
- Corner Lot
- Baseboard Heating
- 1.31 Acre Lot
- No HOA
About This Home
Primary residence, long-term rental, STR . . . this remarkable 1.3 acre property has it ALL! With deeded access and just steps away from Paw Paw Lake, this spacious corner property originally operated as a hotel. It offers a rare combination of investment potential and personal enjoyment making it an ideal opportunity for those looking to offset ownership costs while building long-term value. The main building includes a beautifully renovated fully-furnished 2-bedroom, 1-bath STR as well as an exceptionally remodeled 8-bedroom, 3.5-bath residence featuring stunning finishes throughout. From the moment you enter, it is clear that every detail has been thoughtfully designed and impeccably completed. In addition to all the amazing renovations, there is a new roof and new gutters in 2025 and a new well pump and new electrical box in 2024. The property also includes three additional residences. One is a gorgeously remodeled and fully furnished 2-bedroom, 1-bath home, while the other is a 1-bedroom, 1-bath unit. Both are currently occupied by month-to-month tenants. Opportunities like this are truly few and far between! A final building is also located on the property but had foundation issues in 2024 (foundation reinforced in 2025) and may not be toured any further than the kitchen for safety reasons.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,247
Year Built
- Built in 1920
Lot Details
- 1.31 Acre Lot
- 40 Feet of Waterfront
- Lake Front
- Corner Lot
Parking
- 10 Parking Spaces
Home Design
- Composition Roof
- Aluminum Siding
- Vinyl Siding
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Radiant Heating System
- Window Unit Heating System
- Baseboard Heating
- Hot Water Heating System
- Well
- Cable TV Available
Additional Features
- Water Views
- Laundry on main level
- Michigan Basement
- Water Access
Community Details
- No Home Owners Association
- 4 Buildings
- 5 Units
Listing and Financial Details
- The owner pays for gas, sewer, trash collection, water
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/23/2026 09/23/26 | For Sale | $929,000 | +132.3% | -- | |
| 09/11/2023 09/11/23 | Sold | $399,900 | 0.0% | -- | View Prior Sale |
| 06/29/2023 06/29/23 | For Sale | $399,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | -- | None Listed On Document | |
| Contract Of Sale | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $25,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Unknown |
Source: MichRIC
MLS Number: 26050581
APN: 11-08-4600-0167-02-1
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.