$150,000
SOLD DEC 13, 2024
-- Bed
-- Bath
-- Sq Ft
0.37 Acres

Recently Sold

6% Below List Price

16 Days on Market

Highlights

  • 1 Fireplace
  • High Speed Internet
  • Level Lot
  • Forced Air Heating System

About This Home

As of December 2024

Live rent free! Live upstairs and rent out the lower apartment to pay the mortgage. Totally updated duplex. Family owned for 38 yrs. Great opportunity for an investor or owner-occupant looking to subsidize their mortgage payment! Both apartments have huge kitchens with an eat in area. All new flooring and paint. Lower has two bedrooms and the master has a walk-in closet. Other bedroom is spacious with plenty of natural light. Lower living room is spacious with easy access to the front porch. The full bath also has laundry attached.
The upper has a one large bedroom and two living rooms. One living room could be used as a second bedroom. Two high efficiency furnaces with two thermostats.
Plenty of parking in the rear. Kalamazoo Promise qualified.

Last Agent to Sell the Property

Steve Mattingly

Five Star Real Estate License #6501358460 Listed on: 10/28/2024

Five Star Real Estate

Last Buyer's Agent

Jeremy Blair

eXp Realty LLC License #6501461580

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,820

Year Built

  • Built in 1903

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 49.5 x 152
  • Level Lot

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Walk-Out Basement

Parking

  • 5 Parking Spaces
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for electricity, water, sewer

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $465
  • Utility Expense $2,500
  • Operating Expense $2,965
  • Gross Income $27,600
  • Net Operating Income $24,635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,820

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1903
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 49.5 X 152
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Driveway:Gravel: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Substructure Walk-Out Access2: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 159900.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Dimensions: 49.5 X 152
  • Lot Size Sq Ft: 16117.0

Rental Info

  • Owner Pays: Electricity, Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Gross Income: 27600.0
  • Insurance Expense: 465.0
  • Net Operating Income: 24635.0
  • Number of Units Total: 2
  • Operating Expense: 2965.0

Tax Info

  • Tax Annual Amount: 1820.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Dec 13, 2024
Sold by
Boris Dale A
Bought by
Rafalski Brad
Seller's Agent
Steve Mattingly
Five Star Real Estate
Buyer's Agent
Jeremy Blair
eXp Realty LLC
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%
Views
14
Current Estimated Value
$159,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,909
Avg. Annual Appreciation
8.66%
Original Mortgage
$112,500
Outstanding Balance
$111,822
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$48,087

Purchase Details

Closed on
Feb 16, 2004
Sold by
Boris Nancy J
Bought by
Boris Dale A
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 Type Sale Price Title Company
Warranty Deed $150,000 Chicago Title
Warranty Deed $150,000 Chicago Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $112,500 New Conventional
Closed $112,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $150,000 -6.2% --
11/13/2024 11/13/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $159,900 -- --
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 $1,908 $50,400 $0 $0
2024 $791 $43,100 $0 $0
2023 $754 $39,600 $0 $0
2022 $1,731 $35,500 $0 $0
2021 $1,674 $32,200 $0 $0
2020 $1,642 $29,300 $0 $0
2019 $1,582 $26,400 $0 $0
2018 $1,545 $26,300 $0 $0
2017 $1,559 $25,800 $0 $0
2016 $1,559 $24,600 $0 $0
2015 $1,559 $22,700 $0 $0
2014 $1,559 $21,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24056578

Southwestern Michigan Association of REALTORS®

APN: 06-27-147-005