NOT LISTED FOR SALE

1219 Egleston Ave Kalamazoo, MI 49001

Edison Neighborhood

Estimated Value: $221,000 - $245,172

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold April 14, 2021

Last sale price $170,500

Est. 36% increase in value since last sale

Current estimated payment $1,559/month

8 Days on Market

About This Home

As of April 2021

Fully occupied and well maintained 4-unit brick building located in Kalamazoo's Edison Neighborhood with close proximity to downtown. This property has tremendous rental history, great tenants, and is rental certified by the City of Kalamazoo. Due to Covid-19 restrictions the City of Kalamazoo has extended the rental certification to 2/28/2022. An efficient boiler heats the entire building with thermostat controlled by owner or manager. The basement area houses a shared laundry space with coin operated dryer & storage area. Currently not in service is a 2-stall garage that could be offered to one of the four units for added rental income. A great opportunity to own one of the best multi-units in the Edison Neighborhood.

Last Agent to Sell the Property

Matt Conlee

Community Relocation, REALTORS License #6501416966 Listed on: 02/22/2021

Last Buyer's Agent

Ramon Huerta

Bellabay Realty, LLC License #6501358006

Bellabay Realty, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,984

Year Built

  • Built in 1932

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 1 Parking Space

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Baseboard Heating
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Insurance Expense $1,755
  • Manager Expense $2,883
  • Gross Income $29,236

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,984

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 149900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 1.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 29236.0
  • Insurance Expense: 1755.0
  • Manager Expense: 2883.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2983.56
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Apr 13, 2021
Sold by
Mericle Gregory R
Bought by
Sroczynski Austin
Seller's Agent
Matt Conlee
Community Relocation, REALTORS
Buyer's Agent
Ramon Huerta
Bellabay Realty, LLC
List Price
$149,900
Sold Price
$170,500
Premium/Discount to List
$20,600
13.74%
Current Estimated Value
$231,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,043
Avg. Annual Appreciation
6.00%
Original Mortgage
$127,875
Outstanding Balance
$116,203
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$103,599
Source: Public Records

Range of Values:

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Average Value
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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
Sroczynski Austin $170,500 Devon Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sroczynski Austin $127,875
Previous Owner Mericle Gregory R $105,000
Previous Owner Mericle Gregory R $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2021 04/14/21 Sold $170,500 +13.7% --
03/02/2021 03/02/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $149,900 -- --
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
2025 $3,562 $137,700 $0 $0
2024 $3,562 $107,700 $0 $0
2023 $2,791 $95,700 $0 $0
2022 $5,746 $80,200 $0 $0
2021 $3,041 $77,300 $0 $0
2020 $2,984 $66,300 $0 $0
2019 $3,323 $53,500 $0 $0
2018 $2,882 $42,900 $0 $0
2017 $2,831 $43,900 $0 $0
2016 $2,831 $43,200 $0 $0
2015 $2,831 $42,300 $0 $0
2014 $2,831 $39,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matt Conlee

    Community Relocation, REALTORS

    Section Image

  • R

    Buyer's Agent in 2021

    Ramon Huerta

    Bellabay Realty, LLC

    (269) 350-9007

    6 in this area

    34 Total Sales

    Ramon Huerta
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21005255

Southwestern Michigan Association of REALTORS®

APN: 06-23-380-343

Michigan Kalamazoo County Kalamazoo 49001 Edison

1219 Egleston Ave, Kalamazoo, MI

This home is located at 1219 Egleston Ave, Kalamazoo, MI 49001 since 22 February 2021 and is currently estimated at $231,543. This property was built in 1932. 1219 Egleston Ave is a home located in Kalamazoo County with nearby schools including Washington Writers' Academy, Milwood Magnet School, and Loy Norrix High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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