NOT LISTED FOR SALE

Estimated Value: $181,000 - $256,000

-- Bed
3 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold July 06, 2022

Last sale price $150,000

Est. 48% increase in value since last sale

Current estimated payment $1,382/month

6 Days on Market

Highlights

  • Corner Lot
  • Hot Water Heating System
  • Laundry Facilities

About This Home

As of July 2022

Fantastic investment property with three tenants. Currently rented with owner paying all utilities. The units have access to a laundry facility on the main floor. All three units are identical 2 bedroom 1 bath. Each offering generously sized rooms. Located on a corner lot. If you're looking for your opportunity to jump into the rental business here is your shot!

Last Agent to Sell the Property

Matt Mulder

Keller Williams Kalamazoo Market Center Listed on: 06/10/2022

Last Buyer's Agent

Lorrie Nelson

eXp Realty LLC License #6502403784

eXp Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,658

Year Built

  • Built in 1988

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 96 x 94
  • Corner Lot

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Crawl Space

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Connected

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, trash collection, water

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,658

Year Built

Built in 1988

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1988
  • General Property Info:Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Basement: Yes

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water
  • Heating: Yes
  • Utilities: Natural Gas Connected, Electricity Connected
  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Dimensions: 96 x 94
  • Lot Size Sq Ft: 9148.0

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3658.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jul 6, 2022
Sold by
Kalamazoo Property Group Llc
Bought by
Sgnh12 Llc
Seller's Agent
Matt Mulder
Keller Williams Kalamazoo Market Center
Buyer's Agent
Lorrie Nelson
eXp Realty LLC
List Price
$139,900
Sold Price
$150,000
Premium/Discount to List
$10,100
7.22%
Current Estimated Value
$222,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,185
Avg. Annual Appreciation
11.46%

Purchase Details

Closed on
Apr 28, 2018
Sold by
Chicago Gary
Bought by
Kalamazzo Proerty Geoup Llc

Purchase Details

Closed on
Apr 12, 2018
Sold by
Re Ventures Llc
Bought by
Chinigo Gary

Purchase Details

Closed on
Dec 15, 2010
Sold by
Timmerman Damond and Timmerman Tammye
Bought by
Kinetic Equity Partners Llc

Purchase Details

Closed on
Jun 16, 2005
Sold by
Frazee Wayne D and Frazee Winifred M
Bought by
Timmerman Damond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.71%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 1, 2001
Sold by
Vander Steen Dirk W and Vander Steen Jean G
Bought by
Frazee Wayne and Frazee Winifred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
5.86%
Mortgage Type
Stand Alone Second
Source: Public Records
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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
Sgnh12 Llc $150,000 Ata National Title Group
Kalamazzo Proerty Geoup Llc -- Ata National Title Group
Chinigo Gary -- Attorneys Title
Kinetic Equity Partners Llc $25,000 Chicago Title
Timmerman Damond $115,000 Chicago Title
Frazee Wayne -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Timmerman Damond $92,000
Previous Owner Frazee Wayne $23,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2022 07/06/22 Sold $150,000 +7.2% --
06/16/2022 06/16/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $139,900 -- --
Source: MichRIC

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 $2,857 $120,900 $0 $0
2024 $2,774 $99,500 $0 $0
2023 $2,643 $92,100 $0 $0
2022 $3,782 $74,500 $0 $0
2021 $3,658 $71,500 $0 $0
2020 $3,589 $69,000 $0 $0
2019 $3,456 $59,600 $0 $0
2018 $3,602 $50,000 $0 $0
2017 $3,017 $50,200 $0 $0
2016 $3,017 $50,600 $0 $0
2015 $3,017 $46,800 $0 $0
2014 $3,017 $42,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22023325

MichRIC

APN: 06-09-397-005

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