$347,500
●
House -
Off Market
7838 Pear
Coloma, MI 49038
3 Beds
2 Baths,
1
Half Bath
1,380 Ft²
$1,900
Est. Monthly
4.51%
Cap Rate
About This Property
Very unique property, a real vacation style atmosphere. 2 tax
codes. , The home is on Pear St. & the lake lot is on Lakewood.
Home has beautiful view of the lake and has 23.25 feet of Paw Paw
Lake frontage. The lot on the lake is 150 ft. deep. The home is on
a double lot with a 36x24 garage big enough for your boats, cars &
toys. There is also a nice sized storage shed. The lakeside of the
home has a 26x24 deck overlooking the lake than down a few steps,
to the lake. Home comes with all appliances including washer and
dryer. This is really neat and clean and priced to sell quickly on
Big Paw Paw Lake. If you are looking for a really fabulous lake
environment, busy on the lakeside and quiet on the home side, don't
miss this listing that has something for everyone.
Unit Size
1,380 Ft²
Days on Market
-
Land Size
-
Price per sqft
$252
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1940
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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: 2 years ago (MichRIC MLS #14016982)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2023 | Sold | ||
| Sold | |||
| Feb 15, 2023 | Listed by Tala Real Estate | $350,000 | |
| Listed by Tala Real Estate | |||
| Aug 3, 2017 | Sold | ||
| Sold | |||
| May 16, 2016 | Listed by @properties Christie's International R.E. | $299,900 | |
| Listed by @properties Christie's International R.E. | |||
| | |||
|
Paw Paw Lake House provides best of both worlds... 23.25' Lake Frontage plus nice deep lot off the lake overlooking Paw Paw Lake. Home offers a serene setting perched on a knoll with nice lake views. This cozy Lake house has much to offer with knotty pine walls, large living room, fireplace, good size kitchen with snack bar plus main floor master bedroom. The large 22x27 deck offers a great space for entertaining and lake views. BONUS LOT on the lake offers 23.25' frontage, a great space for summer fun, swimming and boating on Paw Paw Lake. Plenty of room for parking plus large oversize 36x24 garage provides room for a boat or water toys. Nice lake house awaits. Once you visit you will want to call it home! Close to area wineries, Lake Michigan and golf courses. Only 2 hours to Chicago. Paw Paw Lake is a 950 Acre All Sports Lake in SW Michigan.
| |||
| Apr 11, 2014 | Listed by Tala Real Estate | $347,500 | |
| Listed by Tala Real Estate | |||
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Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
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ft²
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About Paw Paw Lake
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Listed by: James Cottier, Tala Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14016982
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.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14016982
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