NOT LISTED FOR SALE

1304 S Westnedge Ave Kalamazoo, MI 49008

Vine Neighborhood

Estimated Value: $188,000 - $248,000

3 Beds
2 Baths
-- Sq Ft
2 Acres

Last Sold October 12, 2020

Last sale price $600,000

Current estimated payment $1,245/month

120 Days on Market

Highlights

  • 2 Acre Lot
  • Forced Air Heating System
  • 2-minute walk to S Westnedge Park

About This Home

As of October 2020

This listing is the parent listing of 5 houses in a rental portfolio sale. All 5 houses were completely renovated including, but not limited to; new electrical, plumbing, furnaces, roofs, kitchens/bathrooms. Both duplexes have separate utilities. ~100% occupancy through the lifetime of the portfolio! Most active leases have supporting Guarantee Agreements for tenants. Buyers will be required to sign a Non-Disclosure Agreement, as well as prove financial capability before any financial information will be shared. The units are occupied, so please do not approach Tenants. The owner is a licensed MI real estate Broker

Last Agent to Sell the Property

Andrew Gyorkos

Kalamazoo Commercial Real Estate License #6502406462 Listed on: 03/19/2020

Co-Listed By

T.J. Ward

Kalamazoo Commercial Real Estate

Last Buyer's Agent

Andrew Gyorkos

Kalamazoo Commercial Real Estate License #6502406462 Listed on: 03/19/2020

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,100

Year Built

  • Built in 1911

Lot Details

  • 2 Acre Lot

Parking

  • 45 Parking Spaces

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 8 Buildings
  • 10 Units

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,100

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 617500.0
  • Number of Buildings: 8
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 45.0

Utilities

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

Lot Info

  • Lot Size Acres: 2.0
  • Lot Size Area: 2.0
  • Lot Size Sq Ft: 87120.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water, Sewer, Gas

Multi Family

  • Number of Units Total: 10

Tax Info

  • Tax Annual Amount: 2100.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2020
Closed on
Sep 30, 2020
Sold by
Gyorkos Andrew and Gyorkos Amy
Bought by
Walter Stuart and Walter Julie
Seller's Agent
Andrew Gyorkos
Kalamazoo Commercial Real Estate
Buyer's Agent
Andrew Gyorkos
Kalamazoo Commercial Real Estate
List Price
$995,000
Sold Price
$600,000
Premium/Discount to List
-$395,000
-39.7%
Current Estimated Value
$203,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$396,121
Avg. Annual Appreciation
-19.92%
Original Mortgage
$97,125
Outstanding Balance
$86,777
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$117,101

Purchase Details

Closed on
Oct 14, 2008
Sold by
Gyorkos Andrew and Gyorkos Amy
Bought by
Gyorkos Andrew and Gyorkos Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
6.41%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 10, 2007
Sold by
Hixon Rodney P
Bought by
Us Bank Na and Structured Asset Securities Corp Trust 2

Purchase Details

Closed on
Jun 30, 2005
Sold by
Cole Gary Mike and Cole Melinda
Bought by
Hixon Rodney P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,100
Interest Rate
8.37%
Mortgage Type
Fannie Mae Freddie Mac
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
Walter Stuart -- Sun Title Agency Llc
Gyorkos Andrew -- Devon Title
Us Bank Na $128,145 None Available
Hixon Rodney P $159,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walter Stuart $97,125
Previous Owner Gyorkos Andrew $82,600
Previous Owner Gyorkos Andrew $82,500
Previous Owner Hixon Rodney P $143,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2020 10/12/20 Sold $600,000 -39.7% --
07/17/2020 07/17/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $995,000 -- --
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 $1,607 $79,300 $0 $0
2024 $1,607 $72,100 $0 $0
2023 $1,532 $63,000 $0 $0
2022 $3,517 $53,900 $0 $0
2021 $3,402 $49,200 $0 $0
2020 $2,362 $44,200 $0 $0
2019 $2,173 $37,200 $0 $0
2018 $2,237 $35,000 $0 $0
2017 $2,138 $33,300 $0 $0
2016 $2,138 $30,100 $0 $0
2015 $2,138 $30,200 $0 $0
2014 $2,138 $28,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19051794

Southwestern Michigan Association of REALTORS®

APN: 06-21-444-002