$547,500 8540 W Silver Lake Road Mears, MI

MLS: 16018782   Type: Single Family   County: Oceana   City: Mears   Area: Golden Twp   Neighborhood: Golden Twp   Zip: 49436   Style: Cabin/Cottage   # Rooms: 15    Stories: 1   Taxes: $9,521

Mortgage $2,570 /mo



Half Baths

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3 rental cottages on 1 Silver Lake waterfront lot. Owners paid $550,000 and put over $100,000 into these cottages. Dock. Great swimming, boating & fishing lake. Cottages all have a great view of the dunes & lake. Weekly summer rentals at $4650 for all 3 together to sleep 20 people in 6 bedrooms, 4 baths, 1 laundry, 3 kitchens, 3 lakeside decks or patios. Legal is lots 13 & 36 (beach front) of Adelia Beach. One 2 bedroom, 1 bath cottages with new flooring. Plus a 3 bedroom, 2 bath with laundry connected to another 3 bedroom/sleeping loft. $15,000 new septic installed April 2017. 2017 rental income $50,918. 2016 rentals totaled $50,294.

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Price History

4/26/2016 Listed $575,000
6/16/2016 2% - $569,000
7/18/2016 4% - $549,000
8/22/2017 1% - $547,500

Access Feat: Accessibility Features No
Additional Items All Window Treatments, Ceiling Fans, Ceramic Floor, Garage Door Opener, Wood Floor
Homestead % 0.00
Manufactured No
Municipality Golden Twp
New Construction No
School District Hart
Sub-area O11 - Pentwater Weare Golden Hart
Terms Available Land Contract

Interior Features

# of Fireplaces 1.00
A/C Central
Appliances Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Basement No
Fireplace Yes
Heat Source Natural Gas
Heating Forced Air
Kitchen Features Center Island
Main Rooms: Main Bedrooms 7
Main Rooms: Main Full Baths 4
Main Rooms: Main Half Baths 0
Windows Screens

Exterior Features

Body of Water Silver Lake
Design Cabin/Cottage
Driveway Unpaved
Exterior Wood
Exterior Features Deck(s)
Garage: Garage No
Landscape Shrubs/Hedges
Mineral Rights Yes
Road Frontage 60.00
Roof Comp Shingle
Sewer Septic System
Substructure Crawl Space
Water Well
Water Access Y/N Yes
Water Features All Sports, Dock, Private Frontage, View
Water Frontage 60.00
Water Type Lake
Waterfront Yes

Property Schools

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Gallery (95 photos)

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Property vs Zip Code Avg (49436)

Price 547K Avg 321K

Sqr Feet 2,373 Avg 1,644

Cost / Sqr Ft $231 Avg $196

Taxes $9,521 Avg $3,426

Acres 0.4 Avg 1.84

Visits 52 Avg 6

Days on Site 575 Avg 219

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Listing Provided Courtesy Of: Andrea L Crossman at Coldwell Banker Schmidt Realtors - (616) 355-6387

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New Buffalo, MI