$455,000
SOLD MAR 5, 2021

1327 Fraternity Village Dr Kalamazoo, MI 49006

Knollwood Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.35 Acres

Recently Sold

6% Below List Price

14 Days on Market

Highlights

  • 0.35 Acre Lot
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

As of March 2021

Don't miss this unique rental-property opportunity located just off the campus of WMU on Fraternity Village Drive. This duplex offers 2 completely separate rental units. The smaller unit features a great room w/kitchen, 5 - 12'x12' bedrooms, 3 full Baths, an in-unit laundry room, utility/storage room & 4 stall garage. The larger unit features a great room w/kitchen, 6 - 12'x12' bedrooms, 3 full baths, an in unit laundry room, utility/storage room & 5 stall garage. Appliances & HVAC systems have been well maintained & serviced. Both units are fully rented currently through July 2021 with monthly rent of $5725 & a lease is signed for the Aug 2021-July 2022 lease term with monthly rent of $5775. Call TODAY on this great investment property with garages in a desirable location.

Last Agent to Sell the Property

Joy Watts

Berkshire Hathaway HomeServices MI License #6506043085 Listed on: 01/21/2021

Berkshire Hathaway HomeServices MI

Co-Listed By

Matt Watts

Berkshire Hathaway HomeServices MI License #6501300761

Last Buyer's Agent

Out of Area Agent

Out of Area Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,955

Year Built

  • Built in 2008

Parking

  • 11 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Walk-Out Basement
  • 0.35 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,955

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk Out

Exterior Features

  • List Price: 485000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 11.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • 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: 0.35
  • Lot Size Area: 0.35
  • Lot Size Sq Ft: 15246.0
  • Zoning Description: RM-15 multi-fam
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 10955.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Mar 5, 2021
Sold by
Gmj Holdings Company Llc
Bought by
Danson Rei & Management Llc
Seller's Agent
Joy Watts
Berkshire Hathaway HomeServices MI
Buyer's Agent
Out of Area Agent
Out of Area Office
List Price
$485,000
Sold Price
$455,000
Premium/Discount to List
-$30,000
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%

Purchase Details

Closed on
May 8, 2008
Sold by
Watts Gregory P and Watts Nichole Kathleen
Bought by
Gmj Holding Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2008
Sold by
Fraternity Village Inc
Bought by
Watts Gregory P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2006
Sold by
Talcott Corey W
Bought by
Fraternity Village Inc
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 Type Sale Price Title Company
Warranty Deed $455,000 Chicago Title Of Mi Inc
Quit Claim Deed -- None Available
Warranty Deed $101,850 Devon Title
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 Commercial
Previous Owner $100,000 Credit Line Revolving
Previous Owner $320,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $544,000 -0.9% --
05/10/2025 05/10/25 For Sale $549,000 0.0% --
05/02/2025 05/02/25 Pending -- -- --
04/24/2025 04/24/25 For Sale $549,000 +20.7% --
03/05/2021 03/05/21 Sold $455,000 -6.2% --
02/04/2021 02/04/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $485,000 -- --
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 $7,159 $291,200 $0 $0
2024 $7,159 $272,900 $0 $0
2023 $6,823 $247,500 $0 $0
2022 $15,668 $226,400 $0 $0
2021 $11,166 $217,200 $0 $0
2020 $10,955 $216,400 $0 $0
2019 $10,550 $219,200 $0 $0
2018 $10,307 $189,500 $0 $0
2017 $10,396 $179,900 $0 $0
2016 $10,396 $178,800 $0 $0
2015 $10,396 $164,200 $0 $0
2014 $10,396 $153,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Atwood

    Seller's Agent in 2025

    Adam Atwood

    Five Star Real Estate

    (269) 377-4589

    1 in this area

    151 Total Sales

    Adam Atwood
    Section Image
  • Joy Watts

    Seller's Agent in 2021

    Joy Watts

    Berkshire Hathaway HomeServices MI

    (269) 207-1360

    1 in this area

    88 Total Sales

    Joy Watts
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Matt Watts

    Berkshire Hathaway HomeServices MI

    (269) 207-1359

    1 in this area

    60 Total Sales

    Matt Watts
    Section Image

  • O

    Buyer's Agent in 2021

    Out of Area Agent

    Out of Area Office

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21001939

Southwestern Michigan Association of REALTORS®

APN: 06-20-321-012

Michigan Kalamazoo County Kalamazoo 49006 Knollwood

1327 Fraternity Village Dr, Kalamazoo, MI

This home is located at 1327 Fraternity Village Dr, Kalamazoo, MI 49006 and is currently priced at $455,000. This property was built in 2008. 1327 Fraternity Village Dr 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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