NOT LISTED FOR SALE

833 N Kalamazoo St Paw Paw, MI 49079

Estimated Value: $444,000 - $603,000

-- Bed
-- Bath
-- Sq Ft
0.88 Acres

Last Sold August 05, 2021

Last sale price $365,000

Est. 39% increase in value since last sale

Current estimated payment $3,295/month

42 Days on Market

Highlights

  • Waterfront
  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • 0.88 Acre Lot
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of August 2021

Incredible investment opportunity to own 4 proven income producing year round rentals on all sports Maple Lake. With over 200ft of lake frontage, and a short swim across to Maple Island, this is a rare chance to own or further develop this prime piece of real estate. Live/vacation in one unit and rent the other 3! Each unit has been well cared for and includes all appliances. All units currently occupied. Property is a short hop to I 94 or 131. Maple Lake is a controlled level water way and excellent for boating, fishing,jet ski,swimming. Docks w bubbler, sandy beach, sea wall. Property is well manicured with plantings, gazebo, asphalt drives and beautiful curb appeal. Maple lake is connected to Ackely lake via tube way. Super place for a host camp, retreat, or keep as income property Public utilities ( water and sewer) natural gas and high speed Internet are all in place and are not often found together.

Last Agent to Sell the Property

Jill Ortlieb

Berkshire Hathaway HomeServices MI License #6501321301 Listed on: 03/24/2021

Last Buyer's Agent

Erin Doerschler

Living Limitless Realty License #6506048704

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,021

Year Built

  • Built in 1940

Lot Details

  • 0.88 Acre Lot
  • Waterfront

Parking

  • 10 Parking Spaces

Home Design

  • Wood Siding
  • Aluminum Siding

Basement

  • Michigan Basement
  • Crawl Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Wall Furnace
  • Hot Water Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,021

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Michigan Basement, Slab

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 374900.0
  • Number of Buildings: 3
  • Water Body Name: Maple Lake
  • Waterfront: Yes

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Wall Furnace, Hot Water, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.88
  • Lot Size Area: 0.88
  • Lot Size Sq Ft: 38221.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 9021.21
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Aug 4, 2021
Sold by
Mi Lapine Llc
Bought by
Mcqueen David and Mcqueen Dona L
Seller's Agent
Jill Ortlieb
Berkshire Hathaway HomeServices MI
Buyer's Agent
Erin Doerschler
Living Limitless Realty
List Price
$374,900
Sold Price
$365,000
Premium/Discount to List
-$9,900
-2.64%
Current Estimated Value
$508,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,246
Avg. Annual Appreciation
7.73%
Original Mortgage
$262,500
Outstanding Balance
$240,928
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$248,943

Purchase Details

Closed on
Nov 15, 2004
Sold by
Lapine Jack and Lapine Marie
Bought by
Mj Lapine Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving
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
Mcqueen David $365,000 Dba Title Resource Agency
Mj Lapine Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcqueen David $262,500
Previous Owner Lapine Jack L $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2021 08/05/21 Sold $365,000 -2.6% --
05/05/2021 05/05/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $374,900 -- --
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
2024 $5,860 $260,400 $0 $0
2023 $5,325 $219,200 $0 $0
2022 $13,071 $174,500 $0 $0
2021 $9,603 $173,700 $54,800 $118,900
2020 $9,063 $174,000 $54,800 $119,200
2019 $8,596 $138,200 $138,200 $0
2018 $8,585 $131,900 $131,900 $0
2016 $8,259 $124,200 $0 $0
2015 $3,621 $124,200 $0 $0
2014 $3,554 $125,041 $0 $0
2013 -- $122,900 $122,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21009242

Southwestern Michigan Association of REALTORS®

APN: 80-47-582-102-05