NOT LISTED FOR SALE

1234 Egleston Ave Kalamazoo, MI 49001

Edison Neighborhood

Estimated Value: $106,390 - $160,000

-- Bed
-- Bath
-- Sq Ft
6,226 Sq Ft Lot

Last Sold July 30, 2013

Last sale price $78,000

Est. 75% increase in value since last sale

Current estimated payment $800/month

55 Days on Market

About This Home

As of July 2013

Cash flow investment property! Big salt box style 4 unit near downtown. Very solid, newer roof, mechanicals and windows, great parking near bus lines and schools. Three efficiencies and one two bedroom apartment all paying own gas and electric. Big yard, coin-op laundry for added income, nice boulevard street for EZ access plus alleyway parking in the back yard. City certified and new remodel in 2011. No L/C but seller may assist qualified buyer with financing. contact daveashrealtor for more info or to see. Can be purchased with 809 South Rose Street for a total of 8 units at a nice discount...

Last Agent to Sell the Property

Dave Ash

RE/MAX Advantage License #6502361698 Listed on: 04/27/2013

Last Buyer's Agent

Matt Mulder

Keller Williams Kalamazoo Market Center License #6501337795

Keller Williams Kalamazoo Market Center

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,671

Year Built

  • Built in 1949

Lot Details

  • 6,226 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding
  • Shingle Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $555
  • Maintenance Expense $780
  • Operating Expense $4,330
  • Gross Income $21,840
  • Net Operating Income $17,510

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,671

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Shingle Siding
  • List Price: 84900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6226.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 21840.0
  • Insurance Expense: 555.0
  • Maintenance Expense: 780.0
  • Net Operating Income: 17510.0
  • Number of Units Total: 4
  • Operating Expense: 4330.0

Tax Info

  • Tax Annual Amount: 1671.0
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2013
Closed on
Jul 30, 2013
Sold by
Alexprop Llc
Bought by
Krefetz Benjamin
Seller's Agent
Dave Ash
RE/MAX Advantage
Buyer's Agent
Matt Mulder
Keller Williams Kalamazoo Market Center
List Price
$94,900
Sold Price
$78,000
Premium/Discount to List
-$16,900
-17.81%
Current Estimated Value
$136,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,598
Avg. Annual Appreciation
4.66%
Original Mortgage
$58,500
Outstanding Balance
$15,426
Interest Rate
4.49%
Mortgage Type
New Conventional
Estimated Equity
$119,974

Purchase Details

Closed on
Mar 3, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Alexprop Llc

Purchase Details

Closed on
Mar 27, 2009
Sold by
Us Bank Na
Bought by
U S Department Of Housing & Urban Develo

Purchase Details

Closed on
Oct 30, 2008
Sold by
Campbell Kendall L
Bought by
Us Bank Na

Purchase Details

Closed on
Mar 5, 2003
Sold by
Prichard Robert L and Prichard Melba E
Bought by
Campbell Kendall L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,289
Interest Rate
6%
Mortgage Type
FHA
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
Krefetz Benjamin $78,000 Nations Title Agency
Alexprop Llc $17,551 None Available
U S Department Of Housing & Urban Develo -- None Available
Us Bank Na $77,409 None Available
Campbell Kendall L $77,900 Trans
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krefetz Benjamin $58,500
Previous Owner Campbell Kendall L $77,289
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2013 07/30/13 Sold $78,000 -17.8% --
06/21/2013 06/21/13 Pending -- -- --
04/27/2013 04/27/13 For Sale $94,900 -- --
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 $729 $61,800 $0 $0
2024 $729 $49,600 $0 $0
2023 $695 $44,200 $0 $0
2022 $1,596 $37,700 $0 $0
2021 $1,543 $34,500 $0 $0
2020 $1,514 $30,800 $0 $0
2019 $1,458 $25,600 $0 $0
2018 $1,425 $21,900 $0 $0
2017 $1,437 $22,400 $0 $0
2016 $1,437 $22,000 $0 $0
2015 $1,437 $21,600 $0 $0
2014 $1,437 $20,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Dave Ash

    RE/MAX Michigan

  • Matt Mulder

    Buyer's Agent in 2013

    Matt Mulder

    Keller Williams Kalamazoo Market Center

    (269) 350-4712

    24 in this area

    809 Total Sales

    Matt Mulder
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13022910

Southwestern Michigan Association of REALTORS®

APN: 06-23-386-403

Michigan Kalamazoo County Kalamazoo 49001 Edison

1234 Egleston Ave, Kalamazoo, MI

This home is located at 1234 Egleston Ave, Kalamazoo, MI 49001 since 27 April 2013 and is currently estimated at $136,598. This property was built in 1949. 1234 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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