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$825,000

Beds
4
Baths
3.5
sq ft
2,435

6981 Wil O Paw Rd, Coloma, MI 49038

6981 Wil O Paw Rd

Coloma Twp, MI 49038

  • 50 days on market
    • Price drop $24,000↓
Discover the charm of this stunning waterfront home on Paw Paw Lake. This turnkey property, perfect for both personal enjoyment and investment, is a successful short-term rental generating over $60k annually, making it an investment you can enjoy! Offering 100 feet of water frontage, you'll have plenty of space to park your watercraft.This home features four bedrooms, including two primary suites, and a versatile den. Enjoy your leisurely evenings in the three-season patio. The home's interior is adorned with hardwood floors, pocket doors, and custom-built closets. The living room and primary bedroom each feature a cozy gas log fireplace. For added security and peace of mind, the property includes a generator.Perfectly positioned for boating enthusiasts, the property includDiscover the charm of this stunning waterfront home on Paw Paw Lake. This turnkey property, perfect for both personal enjoyment and investment, is a successful short-term rental generating over $60k annually, making it an investment you can enjoy! Offering 100 feet of water frontage, you'll have plenty of space to park your watercraft. This home features four bedrooms, including two master suites, and a versatile den. Enjoy your leisurely evenings in the three-season patio. The home's interior is adorned with hardwood floors, pocket doors, and custom-built closet systems. The living room and primary bedroom each feature a cozy gas log fireplace. For added security and peace of mind, the property includes a generator. a boardwalk for watercraft docking. Don't miss out on this exceptional home that offers both a serene retreat and a lucrative investment opportunity. Call today to make this dream home yours!

Details

Property type

Single Family Residence

Est. home value

$783,285

Lot size

0.25 acres

Price per sq ft

$339

Year built

1985

Annual property taxes

$15,619

Price History

09/13/2024
Realcomp

Realcomp #69024039324

Price change
$825,000
-2.83%
07/30/2024
Realcomp

Realcomp #69024039324

Listed
$849,000
+35.84%
07/29/2021
Realcomp

Realcomp #69019041247

Sold
$625,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Coloma

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$247,401
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$511,599
Cash to seller
$247,401

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

July 2021

Original loan amount

$548,250

Est. remaining balance

$511,599

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Dominic Pelc and Kelli Pelc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 5:40 AM

Listing updated: 09/14/2024 at 4:21 PM

Listed by: Lane Moser, Coldwell Banker Realty Phone #: (269) 469-3950

MLS: Realcomp #69024039324

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