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Paw Paw Lake 49038
Lakeview Court
$235,000
● Land - Off Market

Lakeview Court

Coloma, MI 49038
bedrooms
Studio
bathrooms
0 Bath
$401,362
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Pure serenity on the Big Lake with this large lot property  which overlooks Lake Michigan and Rogers Creek, a historic smelt stream.  Settle down for the best of big lake living high atop the forested foredunes and with over 100' feet of Lake Michigan beachfront.  A rare opportunity to find a buildable site within the largely conserved Thunder Mountain Heights community. Thunder Mountain has protected the majority of the residential plat as perpetual natural area, forever limiting the number of cottages in its association to less than 40.  In fact, this large lot property is restricted from further subdivision through a protective covenant, and owner is accordingly offering this parcel at nearly 50% of its appraised value- an incredible deal!
Unit Size
-
Days on Market
-
Land Size
1.60 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,750
HOA Dues
-
Year Built
1940

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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 #17017262)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Apr 21, 2017 Listed by Michigan Lifestyle Properties $250,000
Listed by Michigan Lifestyle Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 704
  • Building Area: 704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEIGLEYS LITTLE PAW PAW LAKE RESORT
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COMBINED ON 09/21/2022 FROM 08-4200-0010-00-2, 08-4200-0001-00-3; LOTS 1 & 10 KEIGLEY'S LITTLE PAW PAW LAKE RESORT.

Neighborhood

  • School Tax School District: COLOMA
  • Census Tract: 010202

Zoning

  • Zoning: R-1B

Geography

  • Assessors Map Reference: 009-3
  • District: 08
  • Parcel: 08-4200-0001-01-0
  • Lot: 1,10
  • Municipality: COLOMA TWP
  • Latitude: 42.2216
  • Longitude: -86.2841

    Address

  • Full Address: 7193 Ferguson
  • Address - House Number: 7193
  • Address - Street Name: Ferguson
  • State: MI
  • City Name: Coloma
  • Carrier Code: R004
  • 4-Digit Zip Code: 9693
  • Zip Code: 49038

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Market Valuation

  • Market Total Value: $91,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,500
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: Geoffrey Cripe, Michigan Lifestyle Properties
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 17017262
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 7193 Ferguson built and last sold?
The property at 7193 Ferguson was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7193 Ferguson is $0.
What are some comparable homes to 7193 Ferguson?
There are currently no comparable homes to 7193 Ferguson.
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