NOT LISTED FOR SALE

1321 Lafayette Ave Kalamazoo, MI 49006

Knollwood Neighborhood

Estimated Value: $342,000 - $581,000

-- Bed
2 Baths
-- Sq Ft
10,560 Sq Ft Lot

Last Sold September 12, 2014

Last sale price $178,500

Est. 172% increase in value since last sale

Current estimated payment $3,287/month

About This Home

As of September 2014

Ideal investment-walking distance of only 1.5 blocks to wonderful Western Michigan University and the Campus Point Mall for shopping. Low maintenance newer designed 6 BR 2 Full Bath home with Central Air, Paved Parking, Daylight windows and Washer and Dryer available. Seller has had deck restained. Great rental history. This home rents for $2,250 per month plus tenants pay all utilities. Joint and Several Lease-rented through July 31st. 2013. Security Deposit is $2,250. City of Kalamazoo Rental Certificate good through 9/30/14.

Last Agent to Sell the Property

Jeff Bertolissi

Berkshire Hathaway HomeServices MI License #6502334351 Listed on: 06/05/2014

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Jeffrey Bertolissi

Prudential Preferred, REALTORS

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1993

Lot Details

  • 10,560

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Natural lighting in basement
  • 10,560 Sq Ft Lot

Community Details

  • Insurance Expense $1,419
  • Gross Income $27,000

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1993
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight

Exterior Features

  • List Price: 174900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Size Sq Ft: 10560.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection, Sewer, Gas

Multi Family

  • Gross Income: 27000.0
  • Insurance Expense: 1419.0
  • Number of Units Total: 1

Tax Info

  • Tax Annual Amount: 5338.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2018
Sold by
Zalewski Steven and Zalewski Christina
Bought by
The Annex Llc
Current Estimated Value
$486,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$297,054
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$176,095

Purchase Details

Listed on
Jun 5, 2014
Closed on
Oct 29, 2014
Sold by
Zalewski Steven C and Zalewski Christina A
Bought by
Gn Holdings Llc
Seller's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
Buyer's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
List Price
$174,900
Sold Price
$178,500
Premium/Discount to List
$3,600
2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%
Original Mortgage
$142,800
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2014
Closed on
Sep 12, 2014
Sold by
Fayette Properties Llc
Bought by
Zalewski Steven C and Zalewski Christina A
Seller's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
Buyer's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
List Price
$174,900
Sold Price
$178,500
Premium/Discount to List
$3,600
2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2006
Sold by
Coleman Commercial Properties Llc
Bought by
Barnum Jeffrey T and Barnum Jill M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
6.34%
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
The Annex Llc -- Sun Title Agcy Of Michigan L
Gn Holdings Llc $4,000 Devon Title Company
Zalewski Steven C $178,500 Ppr Title Agency
Barnum Jeffrey T $167,000 Devon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Annex Llc $400,000
Previous Owner Zalewski Steven C $142,800
Previous Owner Barnum Jeffrey T $167,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2014 09/12/14 Sold $178,500 +2.1% --
06/05/2014 06/05/14 For Sale $174,900 -- --
05/30/2014 05/30/14 Pending -- -- --
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 $8,633 $160,000 $0 $0
2024 $3,577 $151,000 $0 $0
2023 $3,410 $138,000 $0 $0
2022 $7,830 $126,800 $0 $0
2021 $7,573 $122,300 $0 $0
2020 $7,430 $125,200 $0 $0
2019 $7,156 $106,000 $0 $0
2018 $6,384 $104,800 $0 $0
2017 $0 $100,100 $0 $0
2016 -- $98,600 $0 $0
2015 -- $91,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jeff Bertolissi

    Berkshire Hathaway HomeServices MI

    (269) 342-5600

    46 Total Sales

    Jeff Bertolissi
    Section Image

  • J

    Buyer's Agent in 2014

    Jeffrey Bertolissi

    Prudential Preferred, REALTORS

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14031308

Southwestern Michigan Association of REALTORS®

APN: 06-20-376-126

Michigan Kalamazoo County Kalamazoo 49006 Knollwood

1321 Lafayette Ave, Kalamazoo, MI

This home is located at 1321 Lafayette Ave, Kalamazoo, MI 49006 since 05 June 2014 and is currently estimated at $486,401. This property was built in 1993. 1321 Lafayette Ave is a home located in Kalamazoo County with nearby schools including Woodward School for Technology & Research, Maple Street Magnet School for the Arts, 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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