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$799,000

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

  • 20 days on market
Discover the charm of this stunning waterfront home on Paw Paw Lake, a turnkey property that offers the perfect balance of personal enjoyment and investment opportunity. Currently generating over $60k annually as a successful short-term rental, this home has the potential to bring in even more with attentive management, making it not only a beautiful retreat but also a lucrative asset.With 100 feet of water frontage, there's plenty of space to dock your watercraft. The home features four bedrooms, including two spacious primary suites, along with a versatile den. Enjoy relaxing evenings in the cozy three-season patio, perfect for taking in the surrounding beauty.Inside, the home boasts hardwood floors, pocket doors, and custom-built closet systems, adding both style and functionality. Both the living room and primary bedroom feature gas log fireplaces, creating a warm and inviting atmosphere. For added convenience, the property includes a generator, ensuring peace of mind year-round. Ideal for boating enthusiasts, the property also features a boardwalk for easy watercraft docking. Whether you're seeking a serene personal retreat or a high-income-producing rental, this property delivers on both fronts. Don't miss out on this exceptional opportunitycall 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

$329

Year built

1985

Annual property taxes

$15,681

Price History

10/15/2024
Realcomp

Realcomp #69024054332

Listed
$799,000
-3.15%
10/10/2024
Realcomp

Realcomp #69024039324

Removed
$825,000
09/13/2024
Realcomp

Realcomp #69024039324

Price change
$825,000
-2.83%

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

$225,559
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$509,521
Cash to seller
$225,559

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

$509,521

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: 11/05/2024 at 6:35 AM

Listing updated: 10/24/2024 at 10:05 AM

Listed by: Lane Moser, Phone #: (219) 200-5133

MLS: Realcomp #69024054332

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