NOT LISTED FOR SALE

8387 Lake Ave Watervliet, MI 49098

Estimated Value: $626,000 - $923,000

4 Beds
2 Baths
1,800 Sq Ft
$419/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $548,000 $304 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,254/month

538 Days on Market

Highlights

  • Private Waterfront
  • Under Construction
  • Contemporary Architecture
  • Docks
  • Property fronts a channel
  • Recreation Room

About This Home

As of November 2020

Brand New Fabulous contemporary LEED Certified ranch on Paw Paw Lake with 4 bdms, 2 Full Baths, main floor laundry and 2 car Garage. Laminate wood floors in the kitchen and living room, ceramic in Bathrooms. Kitchen is equipped with full appliance package. This is a rare opportunity for Brand New Construction with 60 feet of water frontage on Paw Paw Lake.

Last Agent to Sell the Property

Bryon Farmer

Coldwell Banker Anchor R.E. License #6501933715 Listed on: 04/16/2019

Coldwell Banker Anchor R.E.

Co-Listed By

Patricia Hutchinson

Coldwell Banker Anchor R.E. License #6501270083

Coldwell Banker Anchor R.E.

Last Buyer's Agent

Patricia Hutchinson

Coldwell Banker Anchor R.E. License #6501270083

Coldwell Banker Anchor R.E.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,944

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 60x172
  • Property fronts a channel
  • Private Waterfront
  • 60 Feet of Waterfront
  • Shrub
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Living Room
  • Dining Area
  • Recreation Room
  • Ceramic Tile Flooring
  • Water Views
  • Crawl Space
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • No Wake Zone
  • Docks
  • Patio

Location

  • Mineral Rights Excluded

Utilities

  • Humidifier
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Water Softener is Owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,944

Year Built

Built in 2019 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: Yes
  • ArchitecturalStyle: Contemporary
  • Stories: 1
  • Year Built: 2019
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: Yes
  • General Property Info:Lot Dimensions: 60x172
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 1800.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 3944.0
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Sewer:Public: Yes
  • Waterfront Options:Water Frontage3: 60.0
  • General Property Info:Construction Status: Under Construction
  • Windows:Insulated Windows: Yes
  • General Property Info:Fireplace: No
  • Additional Items:Humidifier: Yes
  • Water Heater:Natural Gas4: Yes
  • Mineral Rights:No: Yes
  • Substructure:Crawl Space: Yes
  • General Property Info:SqFt Above Grade: 1800.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Contemporary: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, Water Softener Owned
  • Flooring: Ceramic Tile
  • Interior Amenities: Garage Door Opener, Humidifier
  • Fireplace: No
  • Total Bedrooms: 4
  • Main Level Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Crawl Space
  • LivingArea: 1800.0
  • Window Features: Insulated Windows
  • General Property Info:Stories2: 1.0
  • Appliances Dishwasher: Yes
  • Appliances:Water Softener-Owned: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 599000.0
  • Lot Features: Level
  • Patio and Porch Features: Patio
  • Roof: Composition
  • Water Body Name: Paw Paw Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:View: Yes
  • Water Fea Amenities:No Wake: Yes
  • Water Fea Amenities:Dock: Yes
  • Water Fea Amenities:Channel: Yes

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 60x172
  • Lot Size Sq Ft: 10019.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3944.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2019
Closed on
Nov 20, 2020
Sold by
Phelps Stephen E
Bought by
Venetsanopoulos Spilios and Venetsanopoulos Kristen
Seller's Agent
Bryon Farmer
Coldwell Banker Anchor R.E.
Buyer's Agent
Patricia Hutchinson
Coldwell Banker Anchor R.E.
List Price
$550,000
Sold Price
$548,000
Premium/Discount to List
-$2,000
-0.36%
Current Estimated Value
$754,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,861
Avg. Annual Appreciation
4.12%
Original Mortgage
$438,000
Outstanding Balance
$320,844
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$343,974

Purchase Details

Closed on
Aug 8, 2017
Sold by
Phelps Stephen and Reed Allen
Bought by
Phelps Stephen E and Stephen E Phelps Trust

Purchase Details

Closed on
Sep 16, 2008
Sold by
Damico Margaret M
Bought by
Phelps Stephen E and Reed Allen J

Purchase Details

Closed on
Oct 9, 2003
Sold by
Damico Vincent J and Damico Margaret M
Bought by
Damico Vincent J and Damico Margaret M

Purchase Details

Closed on
Jul 27, 1981
Source: Public Records

Range of Values:

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Average Value
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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
Venetsanopoulos Spilios $548,000 First American Title
Phelps Stephen E -- Attorney
Phelps Stephen E $165,000 None Available
Damico Vincent J -- None Available
-- $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venetsanopoulos Spilios $438,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $548,000 -0.4% $304 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
04/16/2019 04/16/19 For Sale $550,000 -- $306 / Sq Ft
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 $14,078 $391,200 $0 $0
2024 $10,660 $351,100 $0 $0
2023 $10,152 $283,700 $0 $0
2022 $9,584 $264,000 $0 $0
2021 $12,316 $251,900 $0 $0
2020 $8,807 $178,900 $0 $0
2019 $2,428 $46,300 $0 $0
2018 $3,913 $75,000 $0 $0
2017 $4,273 $91,700 $0 $0
2016 $4,207 $91,700 $0 $0
2015 $4,199 $91,700 $0 $0
2014 $2,876 $91,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19014840

Southwestern Michigan Association of REALTORS®

APN: 11-21-2220-0252-01-3