NOT LISTED FOR SALE

1701 Olmstead Rd Kalamazoo, MI 49048

Estimated Value: $989,690

-- Bed
-- Bath
-- Sq Ft
4.11 Acres

Last Sold December 27, 2023

Last sale price $920,000

Est. 8% increase in value since last sale

Current estimated payment $6,237/month

46 Days on Market

About This Home

As of December 2023

This unique opportunity is currently utilized as a rehabilitation facility for temporary housing. The current configuration accommodates approximately 17 residential rooms and 13 offices. Communal commercial kitchen will include all existing equipment. Common restrooms and showers. This asset is primed to be converted to a like kind or alternative use. The site measures 4.11 Acres and is positioned nicely in a quiet and serene setting. All showings to be arranged by Listing Agent.

Last Agent to Sell the Property

Matthew Callander

Callander Commercial License #6501303339 Listed on: 06/29/2023

Last Buyer's Agent

Kara Schroer, CCIM

NAI Wisinski of West Michigan License #6501373674

NAI Wisinski of West Michigan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,204

Year Built

  • Built in 1960

Lot Details

  • 4.11

Home Design

  • Brick Exterior Construction

Parking

  • 25 Parking Spaces
  • Driveway
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available

Additional Features

  • 3 Fireplaces
  • 4.11 Acre Lot

Community Details

  • 3 Buildings
  • 17 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,204

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1960
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: Irregular
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 5204.0
  • Tax Info:Zoning3: I-2
  • General Property Info:Total _pound_ Units: 17
  • General Property Info:Total _pound_ Bldgs: 3.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 3
  • Basement: Other
  • Basement: No

Exterior Features

  • Construction Materials: Brick
  • List Price: 1199000.0
  • Number of Buildings: 3
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, Paved
  • Total Parking Spaces: 25.0
  • General Property Info:Total Parking Spaces: 25.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Phone Connected, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 4.11
  • Lot Size Area: 4.11
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 179032.0
  • Zoning Description: I-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 17

Tax Info

  • Tax Annual Amount: 5204.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Dec 27, 2023
Sold by
Kalamazoo Probation Enhancement Program
Bought by
Pine Rest Christian Mental Health Services
Seller's Agent
Matthew Callander
Callander Commercial
Buyer's Agent
Kara Schroer, CCIM
NAI Wisinski of West Michigan
List Price
$1,199,000
Sold Price
$920,000
Premium/Discount to List
-$279,000
-23.27%
Views
2
Current Estimated Value
$989,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,690
Avg. Annual Appreciation
4.14%
Source: Public Records

Range of Values:

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Average Value
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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
Pine Rest Christian Mental Health Services $920,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2023 12/27/23 Sold $920,000 -23.3% --
08/14/2023 08/14/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $1,199,000 -- --
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 $35,259 $492,600 $0 $0
2024 $5,262 $490,600 $0 $0
2023 $1,857 $0 $0 $0
2022 $2,602 $0 $0 $0
2021 $1,857 $0 $0 $0
2020 $1,912 $0 $0 $0
2019 $1,907 $0 $0 $0
2018 $1,873 $0 $0 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Callander

    Seller's Agent in 2023

    Matthew Callander

    Callander Commercial

    (269) 384-8368

    117 Total Sales

    Matthew Callander
    Section Image
  • Kara Schroer, CCIM

    Buyer's Agent in 2023

    Kara Schroer, CCIM

    NAI Wisinski of West Michigan

    (269) 557-0385

    103 Total Sales

    Kara Schroer, CCIM
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23022827

Southwestern Michigan Association of REALTORS®

APN: 06-24-470-021

Michigan Kalamazoo County Kalamazoo 49048

1701 Olmstead Rd, Kalamazoo, MI

This home is located at 1701 Olmstead Rd, Kalamazoo, MI 49048 since 29 June 2023 and is currently estimated at $989,690. This property was built in 1960. 1701 Olmstead Rd is a home located in Kalamazoo County with nearby schools including Edison Environmental Science Academy, Milwood Magnet School, 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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