For Sale
416 W Russell Drive, Coldwater, MI 49036
$349,900
MLS # 26016024 (Michigan Regional Information Center (MichRIC))
2 beds1 bath960 sqftBuilt 19500.27 acres
1 / 32
Listing Description
Discover the perfect lakeside escape with this charming 2-bedroom, 1-bath cottage on Long Lake, part of the highly sought-after Coldwater Lake Chain of Lakes. This turn-key retreat comes fully furnished and includes a dock and pontoon, making it effortless to start enjoying lake life from day one. Currently operating as a successful AirBNB rental for years, this property offers excellent investment potential, personal enjoyment, or both. Thoughtful updates completed in 2018 include a new well, fully updated interior and kitchen, updated plumbing, and a new furnace, giving peace of mind and year-round comfort. Step inside to a cozy, inviting interior perfect for relaxing after a day on the water. Step outside to enjoy sunrise coffee, sunset cruises, and all the recreation the chain has to offer--from fishing and boating to swimming and more.
Source: SparkMLS
About this home
This 2-bedroom, 1-bath, 960 sq ft home built in 1950 sits in Coldwater.
Currently offered at $349,900 (about $364/sq ft).
Property tax estimate: $3,760 per year ($313/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area960 sqft
Lot Size0.27 acres
Year Built1950
Stories1
Location
CityColdwater
MunicipalityOvid Twp
Zip Code49036
CountyBranch
School DistrictColdwater
Construction & Systems
ConstructionWood Siding
BasementSlab
HeatingForced Air
WaterWell
SewerSeptic Tank
Sale & Financing
Listed4/15/2026
Original Price$399,000
Terms AcceptedCash, FHA, VA Loan, Rural Development, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,760
Tax Year2024
Assessed Value$84,594
Parcel #110-V70-000-010-00
Source: SparkMLS
Legal Description
At listing office.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Amber Modert
Case Realty Group
Frequently Asked Questions about 416 W Russell Drive, Coldwater, MI 49036
Which school district serves 416 W Russell Drive, Coldwater, MI 49036?
Per MLS# 26016024, 416 W Russell Drive, Coldwater, MI 49036 is in the Coldwater boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Coldwater directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26016024, this listing accepts Cash, FHA, VA Loan, Rural Development, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 416 W Russell Drive, Coldwater, MI 49036?
Per public tax records, annual property taxes for this property are $3,760 (2024). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 416 W Russell Drive, Coldwater, MI 49036 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 416 W Russell Drive, Coldwater, MI 49036 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 416 W Russell Drive, Coldwater, MI 49036?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Michigan Gas Utilities Corporation. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Ovid Twp police department or the Branch County sheriff's office.
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Monthly payment$2,269
Principal & interest$2,269
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
416 W Russell Drive, Coldwater, MI 49036
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