Under Contract
586 Schaeffer Drive, Coldwater, MI 49036
$499,900
MLS # 25049245 (Michigan Regional Information Center (MichRIC))
4 beds5 baths3,243 sqftBuilt 19920.52 acres
1 / 55
Listing Description
Multigenerational Living Along the Sauk River! This 4 bedroom, 5 bathroom home offers a flexible layout designed for today's needs. The main side of the home features three bedrooms, including a spacious primary suite with an en suite bathroom. An open floor plan highlights a double sided fireplace between the living room and kitchen, along with ample storage throughout. The additional wing provides an independent living space with its own private entrance. This area includes one bedroom, a master bathroom en suite, an additional full bath, and a full kitchen remodeled in 2023. Perfect for extended family, guests, or anyone needing privacy while staying connected. Recent updates include a new roof, new flooring, new furnace, a beautifully remodeled master bathroom in the guest wing, and a stamped concrete patio making this home move-in ready with modern comforts. For peace of mind, a whole-house Generac generator ensures you're covered no matter the season.
Source: SparkMLS
About this home
This 4-bedroom, 5-bath, 3,243 sq ft home built in 1992 sits in Coldwater.
Currently offered at $499,900 (about $154/sq ft).
Annual property taxes run approximately $2,991 ($249/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Broadband is available with download speeds up to 1,000 Mbps from 8 providers. Electric service is provided by Consumers Energy Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms5
Living Area3,243 sqft
Lot Size0.52 acres
Year Built1992
Stories2
Location
CityColdwater
MunicipalityColdwater
Zip Code49036
CountyBranch
School DistrictColdwater
Construction & Systems
StyleContemporary
ConstructionWood Siding
BasementCrawl Space
Garage2 spaces
HeatingForced Air
WaterWell
SewerSeptic Tank
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
InteriorCenter Island, Eat-in Kitchen, Pantry
Sale & Financing
Listed9/24/2025
Original Price$609,000
Terms AcceptedCash, FHA, VA Loan, Rural Development, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,991
Tax Year2024
Assessed Value$110,848
Parcel #1207002620001001
Source: SparkMLS
Legal Description
on file 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 Angie Marsh
Southern Marsh Realty
Frequently Asked Questions about 586 Schaeffer Drive, Coldwater, MI 49036
What school district is 586 Schaeffer Drive, Coldwater, MI 49036 in?
Per MLS# 25049245, this property is served by Coldwater. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 586 Schaeffer Drive, Coldwater, MI 49036?
Per MLS# 25049245, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, Rural Development, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 25049245, the most recent reported annual property tax for 586 Schaeffer Drive, Coldwater, MI 49036 is $2,991 (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.
Is 586 Schaeffer Drive, Coldwater, MI 49036 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 586 Schaeffer Drive, Coldwater, MI 49036 is in flood zone X (minimal risk). 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.
Is fiber internet available at 586 Schaeffer Drive, Coldwater, MI 49036?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 586 Schaeffer Drive, Coldwater, MI 49036. The maximum advertised download speed is 1.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
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.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Coldwater police department or the Branch County sheriff's office.
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Monthly payment$3,242
Principal & interest$3,242
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1 Gbps
Upload
35 Mbps
CableGSO SatelliteSatelliteLicensed Fixed WirelessDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
586 Schaeffer Drive, Coldwater, MI 49036
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