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Paw Paw Lake 49038
4960 Shoreview Drive
$177,500
● House - Off Market

4960 Shoreview Drive

Coloma, MI 49038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,560 Ft²
$258,166
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

3 bed/2 bath home located across the channel from Paw Paw Lake.  This ranch style home has a large master bedroom with master bath, den, and hot tub room you will love.  Main floor laundry. Stone fireplace in the living room. Large yard with deck perfect for grilling and entertaining.   The 3rd bedroom is a walk through to the master bedroom area. This can be a great year round or vacation home!  Two car garage.  A platted subdivision park gives you access to Paw Paw Lake channel.  Many furniture items can be included with sale.  Seller is offering a $500 credit to replace fireplace front.  Come see!
Unit Size
1,560 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$112
Property Type
House
Property Taxes
$4,813
HOA Dues
-
Year Built
1940

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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 #19012426)

Price History

Date / Event Date Event Price
May 30, 2019 Sold
Premium
Sold
Apr 3, 2019 Listed by Realty Executives Instant Equity $175,000
Listed by Realty Executives Instant Equity
Nov 22, 2018 No longer available -
No longer available
May 30, 2018 Listed by Realty Executives Instant Equity $199,000
Listed by Realty Executives Instant Equity
Dec 4, 1998 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • 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: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,373
  • Lot Size Depth Feet: 1,610
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WIL O PAW ISLANDS PAW PAW LAKE
  • Land Acres: 0000000307
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 27 & THE NLY 1/2 OF LOT 26 WIL O PAW ISLANDS PAW PAW LAKE

Neighborhood

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

Zoning

  • Zoning: R-1B

Geography

  • Assessors Map Reference: 016-4
  • District: 08
  • Parcel: 08-8700-0027-00-6
  • Lot: 26-27
  • Municipality: COLOMA TWP
  • Latitude: 42.2014
  • Longitude: -86.2933

    Address

  • Full Address: 4960 Shoreview Dr
  • Legal Unit: 27,26
  • Address - House Number: 4960
  • Address - Street Name: Shoreview
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Coloma
  • Carrier Code: R005
  • 4-Digit Zip Code: 9601
  • Zip Code: 49038

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $95,429

    Appraisal Valuation

  • Standard Deviation: 0.2529
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 265,106
  • High Value: 332,152
  • Low Value: 198,059

    Market Valuation

  • Market Total Value: $212,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2014
  • Current Sale Recording Date: May 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 04, 1998
  • Previous Sale Contract Date: Dec 04, 1998
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27
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# 19012426
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 4960 Shoreview Drive built and last sold?
The property at 4960 Shoreview Drive was built in 1940 and last sold on May 17, 2014 for $177,500.
How much is this home worth?
The estimated value of the home located at 4960 Shoreview Drive is $0.
What are some comparable homes to 4960 Shoreview Drive?
There are currently no comparable homes to 4960 Shoreview Drive.
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