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Paw Paw Lake 49038
4577 Douglas Terrace
$38,000
● House - Off Market

4577 Douglas Terrace

Coloma, MI 49038
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,200 Ft²
$75,977
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Wonderful area, 3-4 bedroom home, with att. 2 car garage  on the fourth green of Paw Paw Lake Golf Course.  only 1/2 mile from public boat launch to Big Paw Paw Lake.  Newer well (2012) new fence.  With some love make this your dream home.  Home needs work, thus the price--
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$23
Property Type
House
Property Taxes
$76
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #18013628)

Price History

Date / Event Date Event Price
Sep 12, 2019 Sold
Premium
Sold
Jul 23, 2019 Listed by Active Realtors $199,000
Listed by Active Realtors
May 11, 2018 Sold
Premium
Sold
Apr 9, 2018 Listed by Active Realtors $49,900
Listed by Active Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,110
  • Garage Type: 7
  • Garage Square Area: 728
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,644
  • Lot Size Depth Feet: 1,865
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DOUGLAS VIEW
  • Land Acres: 0000000428
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 10 & 11, THE S 20' OF LOT 12 BLK C & THAT PT OF THE VACATED ALLEY LYING ELY OF SD LOTS 10 & 11 BLK C DOUGLAS VIEW

Neighborhood

  • School District Name: Coloma Community Schools
  • School Tax School District: COLOMA
  • Census Tract: 010202

Zoning

  • Zoning: R-1B

Geography

  • Assessors Map Reference: 021-2
  • District: 08
  • Parcel: 08-1650-0012-00-1
  • Block: C
  • Lot: 10-12
  • Municipality: COLOMA TWP
  • Latitude: 42.1946
  • Longitude: -86.2868

    Address

  • Full Address: 4577 Douglas Ter
  • Address - House Number: 4577
  • Address - Street Name: Douglas
  • Address - Suffix Type: Ter
  • State: MI
  • City Name: Coloma
  • Carrier Code: R005
  • 4-Digit Zip Code: 9520
  • Zip Code: 49038

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $104,299

    Appraisal Valuation

  • Standard Deviation: 0.2529
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 295,253
  • High Value: 369,924
  • Low Value: 220,582

    Market Valuation

  • Market Total Value: $247,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $123,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 09, 2019
  • Current Sale Recording Date: Sep 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 12, 2019
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Paw Paw Lake

Stats & Trends

Median Asking:

$334,900

Sale Price/ft²

$213

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1866 ft²

Average Home Age

57 years

Currently For Sale

22 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: Joyce Yerington, Active Realtors
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 18013628
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 4577 Douglas Terrace built and last sold?
The property at 4577 Douglas Terrace was built in 1920 and last sold on Sep 9, 2019 for $195,000.
How much is this home worth?
The estimated value of the home located at 4577 Douglas Terrace is $209,968.
What are some comparable homes to 4577 Douglas Terrace?
There are currently no comparable homes to 4577 Douglas Terrace.
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