NOT LISTED FOR SALE

Estimated Value: $132,000 - $168,239

4 Beds
2 Baths
-- Sq Ft
3,615 Sq Ft Lot

Last Sold May 16, 2024

Last sale price $135,000

Est. 6% increase in value since last sale

Current estimated payment $867/month

8 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2024

Meticulously maintained, 2-unit multifamily property, located in the heart of Kalamazoo! Step inside to discover a thoughtfully designed open concept that spans both units. The property has been cared for by the owner, evident in recent upgrades such as new paint and flooring throughout. This income-generating property is turnkey, as all appliances are included in the sale. The lower unit, featuring 1 bedroom and 1 bath, and the upper unit, with 2 bedrooms and 1 bath, provide versatile living arrangements for tenants. The convenience of split utilities for gas and electric adds to the appeal, making management a breeze. Don't miss out on this rare opportunity to own a sound investment property. Schedule your showing today!

Last Agent to Sell the Property

George Wright

FitzWright Real Estate LLC License #6502431841 Listed on: 04/09/2024

Last Buyer's Agent

Catherine Conklin

616 Realty LLC License #6506048006

616 Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,764

Year Built

  • Built in 1910

Lot Details

  • 3,615 Sq Ft Lot
  • Lot Dimensions are 41 x 88

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, trash collection, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,764

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 139900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 41 x 88
  • Lot Size Sq Ft: 3615.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1763.9
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
May 16, 2024
Sold by
Smith Shane S
Bought by
Delgado Eleazar
Seller's Agent
George Wright
FitzWright Real Estate LLC
Buyer's Agent
Catherine Conklin
616 Realty LLC
List Price
$139,900
Sold Price
$135,000
Premium/Discount to List
-$4,900
-3.5%
Views
16
Current Estimated Value
$143,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,560
Avg. Annual Appreciation
3.08%
Original Mortgage
$108,000
Outstanding Balance
$107,017
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$32,559

Purchase Details

Listed on
Aug 23, 2018
Closed on
Jan 29, 2019
Sold by
Gardenstone Properties Llc
Bought by
Smith Shane S
Seller's Agent
Joe Goldsberry
Five Star Real Estate
Buyer's Agent
George Wright
FitzWright Real Estate LLC
List Price
$79,900
Sold Price
$67,500
Premium/Discount to List
-$12,400
-15.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.97%
Original Mortgage
$57,375
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2004
Sold by
Wales Isaacs Michelle A and Wales Michelle A
Bought by
Gardenstone Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
5.78%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Delgado Eleazar $135,000 None Listed On Document
Smith Shane S $67,500 Devon Title Co
Gardenstone Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delgado Eleazar $108,000
Previous Owner Smith Shane S $57,375
Previous Owner Isaacs Grant $45,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $135,000 -3.5% --
04/17/2024 04/17/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $139,900 +107.3% --
01/29/2019 01/29/19 Sold $67,500 -15.5% --
01/08/2019 01/08/19 Pending -- -- --
08/23/2018 08/23/18 For Sale $79,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $821 $43,600 $0 $0
2023 $900 $38,700 $0 $0
2022 $1,566 $32,900 $0 $0
2021 $1,514 $28,400 $0 $0
2020 $1,484 $24,800 $0 $0
2019 $987 $20,200 $0 $0
2018 $1,113 $17,800 $0 $0
2017 $1,123 $17,900 $0 $0
2016 $1,123 $17,400 $0 $0
2015 $1,123 $16,900 $0 $0
2014 $1,123 $15,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24016538

Southwestern Michigan Association of REALTORS®

APN: 06-23-309-002