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Paw Paw Lake 49098
4877 Forest Beach Road
$190,000
● House - Off Market

4877 Forest Beach Road

Watervliet, MI 49098
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,427 Ft²
$168,528
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Diamond in the Rough!  One of a kind vintage 4-5 bedroom/1.5 bath cottage on .55 acre lot with Paw Paw Lake views waiting for you to polish her into a jewel again!  Many unique features including glamorous marble fireplace and beautiful Czechoslovakian crystal chandelier in living room.  Lovely paneled walls and wood floors.  Many windows throughout bringing natural light in.  Great deck on side perfect for sunning, grilling or entertaining.  Located across the street from Paw Paw lake and down the road from Paw Paw golf course.  Come see and bring your vision!
Unit Size
2,427 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$67
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #22032577)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
Jul 26, 2022 Listed by Realty Executives Instant Equity $163,000
Listed by Realty Executives Instant Equity

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

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

    Dimensions

  • Lot Size Square Feet: 20,878
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWATER
  • Land Acres: 0000000479
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 1 & 37 & THE S 10' OF LOT 3 EDGEWATER

Neighborhood

  • School District Name: Watervliet School District
  • School Tax School District: WATERVLIET
  • Census Tract: 010300

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: 015-4
  • District: 21
  • Parcel: 21-1900-0001-00-7
  • Lot: 1,3,37
  • Municipality: WATERVLIET TWP
  • Latitude: 42.2001
  • Longitude: -86.2763

    Address

  • Full Address: 4877 Forest Beach Rd
  • Legal Unit: 1,3
  • Address - House Number: 4877
  • Address - Street Name: Forest Beach
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Watervliet
  • Carrier Code: R013
  • 4-Digit Zip Code: 9325
  • Zip Code: 49098

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $148,133

    Appraisal Valuation

  • Standard Deviation: 0.2556
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 63
  • Final Value: 215,475
  • High Value: 270,566
  • Low Value: 160,384

    Market Valuation

  • Market Total Value: $161,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 360801
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

0.02%

Average Days on Market

55

Average Home Size

1753 ft²

Average Home Age

58.8 years

Currently For Sale

21 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

Unit for rent at 381 Timber Drive, Coloma, MI, 49038

$2,800 /mo

  • 4 Beds
  • 3 Baths
  • 2,675 ft²
381 Timber Drive, Coloma, MI, 49038 Listing by Cheyenne Marlin

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Kimberly Webb, Realty Executives Instant Equity
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22032577
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 4877 Forest Beach Road built and last sold?
The property at 4877 Forest Beach Road was built in 1920 and last sold on Aug 12, 2022 for $190,000.
How much is this home worth?
The estimated value of the home located at 4877 Forest Beach Road is $196,437.
What are some comparable homes to 4877 Forest Beach Road?
There are currently no comparable homes to 4877 Forest Beach Road.
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