1518 Palmer Ave Kalamazoo, MI 49001
Edison Neighborhood
2
Beds
1
Bath
720
Sq Ft
5,663
Sq Ft Lot
Highlights
- 1 Car Detached Garage
- No Heating
- 1-Story Property
About This Home
As of July 2022Highest & Best due by Wednesday, March 2nd at 3 PM. This bank owned property is being sold in AS IS condition. CASH ONLY OFFERS WILL BE ACCEPTED. Seller will make no repairs or participate in any inspections. See attached winterization form for further information. Home includes 2 bedrooms, 1 bathroom, spacious living room. The furnace and water heater are missing. There is a 1 car detached garage. Located near shopping, bus and restaurants. Ideal for investor or someone looking for a project home.
Last Agent to Sell the Property
RE/MAX Advantage License #6501250397 Listed on: 02/26/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,420
Year Built
- Built in 1949
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 44x125
Parking
- 1 Car Detached Garage
Home Design
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 720 Sq Ft Home
- 1-Story Property
- Laundry on main level
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- No Heating
Listing and Financial Details
- REO, home is currently bank or lender owned
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 20, 2022
Closed on
Jul 14, 2022
Sold by
Big Blue Property Solutions Llc
Bought by
Pierce Carly
Seller's Agent
Steve Stoeffler
Bellabay Realty, LLC
Buyer's Agent
Alyssa Wenzel
NextHome ONE of Kalamazoo
List Price
$129,900
Sold Price
$140,000
Premium/Discount to List
$10,100
7.78%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,483
Avg. Annual Appreciation
1.10%
Original Mortgage
$134,923
Outstanding Balance
$129,625
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$15,134
Purchase Details
Listed on
Feb 26, 2022
Closed on
Mar 25, 2022
Sold by
Honor Credit Union
Bought by
Big Blue Property Solutions Llc
Seller's Agent
Shelly Pattison
RE/MAX Advantage
Buyer's Agent
Steve Stoeffler
Bellabay Realty, LLC
List Price
$45,000
Sold Price
$78,250
Premium/Discount to List
$33,250
73.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
595.26%
Purchase Details
Closed on
Jul 22, 2021
Sold by
Weaver Robert E
Bought by
Clopton Labria
Purchase Details
Closed on
Aug 10, 2018
Sold by
Griffis Tyler
Bought by
Clopton Labria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,110
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 5, 2017
Sold by
Griffis Tyrone
Bought by
Griffis Tyler
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
4.02%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 15, 2015
Sold by
Sbs Corporation Inc
Bought by
Griffis Tyrone and Griffis Tyler
Purchase Details
Closed on
Mar 5, 2009
Sold by
Bolton Harry L and Bolton Vickie D
Bought by
Deutsche Bank Trust Company and Bankers Trust
Similar Homes in Kalamazoo, MI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | None Listed On Document | |
| Warranty Deed | $78,250 | Metro Advantage Title Agency | |
| Sheriffs Deed | -- | None Available | |
| Warranty Deed | $63,000 | Devon Title Co | |
| Interfamily Deed Transfer | -- | Devon Title Company | |
| Warranty Deed | $39,500 | Devon Title Company | |
| Land Contract | -- | Chicago Title Company | |
| Sheriffs Deed | $22,622 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $134,923 | New Conventional | |
| Previous Owner | $61,110 | New Conventional | |
| Previous Owner | $46,000 | New Conventional | |
| Previous Owner | $234,759 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $38,500 | Unknown | |
| Closed | $9,073 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2022 07/14/22 | Sold | $140,000 | +7.8% | $194 / Sq Ft |
| 05/22/2022 05/22/22 | Pending | -- | -- | -- |
| 05/20/2022 05/20/22 | For Sale | $129,900 | +66.0% | $180 / Sq Ft |
| 03/25/2022 03/25/22 | Sold | $78,250 | +73.9% | $109 / Sq Ft |
| 03/02/2022 03/02/22 | Pending | -- | -- | -- |
| 02/26/2022 02/26/22 | For Sale | $45,000 | +12.5% | $63 / Sq Ft |
| 02/15/2016 02/15/16 | Sold | $40,000 | -6.8% | $56 / Sq Ft |
| 01/30/2016 01/30/16 | Pending | -- | -- | -- |
| 01/03/2016 01/03/16 | For Sale | $42,900 | -- | $60 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $1,229 | $49,700 | $0 | $0 |
| 2024 | $1,229 | $45,300 | $0 | $0 |
| 2023 | $1,171 | $40,800 | $0 | $0 |
| 2022 | $1,469 | $35,300 | $0 | $0 |
| 2021 | $1,420 | $32,200 | $0 | $0 |
| 2020 | $1,391 | $30,300 | $0 | $0 |
| 2019 | $1,326 | $26,800 | $0 | $0 |
| 2018 | $1,066 | $22,100 | $0 | $0 |
| 2017 | $1,080 | $21,100 | $0 | $0 |
| 2016 | $1,080 | $19,300 | $0 | $0 |
| 2015 | $1,080 | $16,700 | $0 | $0 |
| 2014 | $1,080 | $15,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
S
Seller's Agent in 2022
Steve Stoeffler
Bellabay Realty, LLC
(269) 806-7240
4 in this area
57 Total Sales
-
Seller's Agent in 2022
Shelly Pattison
RE/MAX Michigan
(269) 217-4825
13 in this area
360 Total Sales
-
Buyer's Agent in 2022
Alyssa Wenzel
NextHome ONE of Kalamazoo
(269) 998-6368
1 in this area
209 Total Sales
-
T
Seller's Agent in 2016
Tom Parker
Betten Real Estate
(800) 338-4650
1 in this area
27 Total Sales
-
T
Buyer's Agent in 2016
Thomas Parker
ERA Reardon Realty
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 22005848
APN: 06-26-179-012
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