Expired
51361 Summit Street, Paw Paw, MI 49079
$249,900
MLS # 26018282 (Michigan Regional Information Center (MichRIC))
1 bed1 bath828 sqftBuilt 19200.14 acres
1 / 34
Listing Description
LAKE LIVING! Under $250,000 - Ackley Lake - Paw Paw. This bungalow on 65-acre, all-sports Ackley Lake offers 40 feet of private sandy frontage and is conveniently located just minutes from downtown Paw Paw and nearby amenities. The home features a spacious bedroom (formerly two bedrooms), a generous kitchen, and a large living room with a fireplace. An enclosed front porch provides additional living space and lake views. Whether you're looking for a seasonal getaway, year-round residence, or investment opportunity, this property offers the chance to enjoy lake living at an affordable price. Bring your ideas and make it your own with updates and improvements to suit your needs and style. Property is being sold as is. The lakefront setting may also appeal to buyers considering a custom new-build, subject to local requirements and approvals.
Source: SparkMLS
About this home
This 1-bedroom, 1-bath, 828 sq ft home built in 1920 sits in Paw Paw.
Currently offered at $249,900 (about $302/sq ft).
Estimated annual property tax: $3,099, or about $258 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by Indiana Michigan Power Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms1
Bathrooms1
Living Area828 sqft
Lot Size0.14 acres
Year Built1920
Stories1
Location
CityPaw Paw
MunicipalityPaw Paw Twp
Zip Code49079
CountyVan Buren
School DistrictPaw Paw
Construction & Systems
ConstructionOther
BasementCrawl Space
Garage1 space
HeatingForced Air
WaterWell
SewerPublic
UtilitiesNatural Gas Connected
InteriorEat-in Kitchen
Sale & Financing
Listed7/10/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,139
Tax Year2025
State Equalized Value$93,200
Taxable Value$35,656
Assessed Value$36,761
Parcel #80-14-171-004-00
Source: Public Records
Legal Description
519 1-3-14 763-574 753-776 1762-613 *** LOT 4 BLK 1 FAIRVIEW SUBDIVISION.
Property Records
FEMA Flood Zone: Zone A — 100-year floodplain (no base flood elevation)
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Katherine E Roberts-Nafe
eXp Realty LLC
Frequently Asked Questions about 51361 Summit Street, Paw Paw, MI 49079
Which school district serves 51361 Summit Street, Paw Paw, MI 49079?
Per MLS# 26018282, 51361 Summit Street, Paw Paw, MI 49079 is in the Paw Paw boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Paw Paw directly to confirm enrollment eligibility.
What financing options are available for 51361 Summit Street, Paw Paw, MI 49079?
Per MLS# 26018282, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 51361 Summit Street, Paw Paw, MI 49079?
Per public tax records, annual property taxes for this property are $2,139 (2025). 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, 51361 Summit Street, Paw Paw, MI 49079 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 51361 Summit Street, Paw Paw, MI 49079 in a flood zone?
Per FEMA flood maps, this property is designated as Zone A, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 51361 Summit Street, Paw Paw, MI 49079?
Per Michigan Public Service Commission service territory data: Electric: Indiana Michigan Power Company. Gas: Consumers Energy Company. Sewer: Public. 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 Paw Paw Twp police department or the Van Buren County sheriff's office.
Map
Tax Estimate
$
Annual tax$3,099
Monthly$258
Millage rate33.2493 mills
Municipality: Paw Paw Township
School district: PAW PAW PUBLIC SCHOOL DIST
County: Van Buren
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$1,879
Principal & interest$1,621
Property taxes$258
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Indiana Michigan Power Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
51361 Summit Street, Paw Paw, MI 49079
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