NOT LISTED FOR SALE

8879 Lake St Newaygo, MI 49337

Estimated Value: $367,000 - $466,298

1 Bed
1 Bath
560 Sq Ft
$728/Sq Ft Est. Value

Last Sold July 21, 2014

Last sale price $110,000 $196 Per Sq Ft

Est. 270% increase in value since last sale

Current estimated payment $2,256/month

4 Days on Market

Highlights

  • Private Waterfront
  • Deck
  • Window Unit Cooling System
  • Docks
  • Wooded Lot
  • Living Room

About This Home

As of July 2014

Excellent opportunity to acquire an affordable cottage with 50' sandy lakefront on Bills Lake, one of Newaygo County's most desirable lakes with crystal clear water. This charming cottage offers sunset views and a 50' of sandy beach with no steps to the water on a great part of the lake. Only 40 minutes from Grand Rapids. Although just 560 sq. ft. with 1 bedroom and 1 bath, this cottage lives large with a nice-sized, updated great room with ample space for 2 pull-out sofa beds for extra sleeping for guests. A wall of windows to the lake offers great views. Newer galley-style kitchen and a good-sized full bath. Newer roof and well. The lot is level for easy access to the lake and has a storage shed. The 50' wide lot is 152' deep -- big enough for future expansion or a new build with to p approval. All appliances and dock included. Furniture may be available. Land contract terms offered with $30,000 down. Age of cottage is estimated.

Last Agent to Sell the Property

Ronald Lemmon

Patriot Realty Listed on: 05/26/2014

Co-Listed By

Jeannine Lemmon

Patriot Realty License #6506039029

Last Buyer's Agent

Jeannine Lemmon

Patriot Realty License #6506039029

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $790

Year Built

  • Built in 1948

Lot Details

  • 7,600 Sq Ft Lot
  • Lot Dimensions are 50x152
  • Private Waterfront
  • 50 Feet of Waterfront
  • The property's road front is unimproved
  • Level Lot
  • Wooded Lot

Parking

  • Unpaved Driveway

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 560 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Living Room
  • Dining Area
  • Water Views
  • Crawl Space

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Water Access
  • Property is near a lake
  • Docks
  • Deck
  • Shed
  • Storage Shed

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Window Unit Heating System
  • Well
  • Natural Gas Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • Recreational Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$790

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1948
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 231.96
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x152
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 560.0
  • Tax Info:Annual Property Tax: 790.0
  • Tax Info:Zoning3: RES
  • Waterfront Options:Water Access YN: Yes
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Heat Type:Wall Furnace: Yes
  • Waterfront Options:Water Frontage3: 50.0
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Windows:Screens: Yes
  • General Property Info:Fireplace: No
  • Utilities Attached:Telephone Line: Yes
  • Appliances Microwave: Yes
  • Water Heater:Natural Gas4: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Crawl Space: Yes
  • General Property Info:SqFt Above Grade: 560.0
  • General Property Info Garage YN: No
  • Architectural Style:Ranch: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range, Refrigerator
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space
  • LivingArea: 560.0
  • Window Features: Screens
  • General Property Info:Stories2: 1.0
  • Appliances Range: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 129900.0
  • Lot Features: Level, Recreational, Wooded
  • Other Structures: Shed(s)
  • Patio and Porch Features: Deck
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Water Body Name: Bills Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Material:Wood Siding: Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Wall Furnace
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Phone Connected, Natural Gas Connected, Cable Connected, Broadband
  • 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:Dock: Yes

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 50x152
  • Lot Size Sq Ft: 7600.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 790.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2014
Closed on
Jul 21, 2014
Sold by
Moline Douglas
Bought by
Carto Gerald C and Carto Livinv Trust Gerald C And Lynda C
Seller's Agent
Ronald Lemmon
Patriot Realty
Buyer's Agent
Jeannine Lemmon
Patriot Realty
List Price
$129,900
Sold Price
$110,000
Premium/Discount to List
-$19,900
-15.32%
Current Estimated Value
$407,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,433
Avg. Annual Appreciation
12.13%

Purchase Details

Closed on
Mar 4, 2003
Sold by
Carto Gerald L and Carto Lynda C
Bought by
Carto Gerald L and Carto Lynda C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carto Gerald C $91,000 --
Carto Gerald L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2014 07/21/14 Sold $110,000 -15.3% $196 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
05/26/2014 05/26/14 For Sale $129,900 -- $232 / Sq Ft
Source: MichRIC

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 $1,374 $224,500 $0 $0
2024 $13 $197,300 $0 $0
2023 $1,283 $147,900 $0 $0
2022 $3,137 $137,700 $0 $0
2021 $3,071 $129,900 $0 $0
2020 $3,030 $130,400 $0 $0
2019 $2,983 $124,100 $0 $0
2018 $2,900 $103,300 $0 $0
2017 $869 $38,300 $0 $0
2016 $1,380 $37,100 $0 $0
2015 -- $29,200 $0 $0
2014 -- $28,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 14028335

MichRIC

APN: 20-32-132-006