NOT LISTED FOR SALE

232 Woodward Ave Kalamazoo, MI 49007

Stuart Neighborhood

Estimated Value: $320,000 - $629,417

-- Bed
-- Bath
-- Sq Ft
0.32 Acres

Last Sold June 10, 2022

Last sale price $595,000

Est. 28% decrease in value since last sale

Current estimated payment $3,264/month

3 Days on Market

Highlights

  • 1 Fireplace
  • Hot Water Heating System
  • 4-minute walk to West Main Park
  • Window Unit Cooling System

About This Home

As of June 2022

Extremely well maintained 5 unit home 1 block from K college and 4 blocks to downtown restaurants and shops. This beautiful home with natural woodwork is located in the Stuart Historical District. Original carriage house with new roof in 2020. New gas hot water heater in 2019. Lawn sprinkler system. Window AC units for each unit.

Last Agent to Sell the Property

Rick Zuiderveen

Zuiderveen, REALTORS LLC License #6502350261 Listed on: 04/04/2022

Last Buyer's Agent

Charles Kao

Keller Williams GR East License #6501425592

Keller Williams GR East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,459

Year Built

  • Built in 1885

Lot Details

  • 0.32 Acre Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 8 Parking Spaces
  • Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, trash collection
  • The owner pays for water, sewer, gas

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $3,758
  • Maintenance Expense $1,547
  • Utility Expense $4,274
  • Operating Expense $15,439
  • Gross Income $55,080
  • Net Operating Income $39,641

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,459

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1885
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 x
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5459.0
  • Tax Info:Zoning3: RES
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Air Conditioning:Window Unit(s): 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
  • Utilities Attached Cable Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Stucco
  • List Price: 595000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available, Storm Sewer

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Dimensions: 66 x
  • Lot Size Sq Ft: 13852.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 55080.0
  • Insurance Expense: 3758.0
  • Maintenance Expense: 1547.0
  • Net Operating Income: 39641.0
  • Number of Units Total: 5
  • Operating Expense: 15439.0

Tax Info

  • Tax Annual Amount: 5459.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Jun 9, 2022
Sold by
Spaulding Brian D and Spaulding Bonnie L
Bought by
Sauer Peter
Seller's Agent
Rick Zuiderveen
Zuiderveen, REALTORS LLC
Buyer's Agent
Charles Kao
Keller Williams GR East
List Price
$59,500
Sold Price
$595,000
Premium/Discount to List
$535,500
900%
Current Estimated Value
$428,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$166,396
Avg. Annual Appreciation
-9.41%
Original Mortgage
$435,000
Outstanding Balance
$164,960
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$263,644

Purchase Details

Closed on
Nov 25, 2008
Sold by
Spaulding Brian D and Spaulding Bonnie L
Bought by
Spaulding Brian D and Spaulding Bonnie L
Source: Public Records

Range of Values:

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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
Sauer Peter $595,000 Next Door Title Agency
Spaulding Brian D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sauer Peter $435,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $595,000 0.0% --
04/07/2022 04/07/22 Pending -- -- --
04/04/2022 04/04/22 Price Changed $595,000 +900.0% --
04/04/2022 04/04/22 For Sale $59,500 -- --
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 $11,907 $201,600 $0 $0
2024 $5,009 $174,100 $0 $0
2023 $4,652 $162,100 $0 $0
2022 $5,527 $130,400 $0 $0
2021 $5,345 $116,500 $0 $0
2020 $5,246 $106,500 $0 $0
2019 $5,057 $100,300 $0 $0
2018 $5,058 $91,500 $0 $0
2017 $4,979 $92,000 $0 $0
2016 $4,979 $89,100 $0 $0
2015 $4,979 $77,900 $0 $0
2014 $4,979 $68,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Rick Zuiderveen

    Zuiderveen, REALTORS LLC

    (269) 375-6777

    13 in this area

    106 Total Sales

    Rick Zuiderveen
    Section Image

  • C

    Buyer's Agent in 2022

    Charles Kao

    Keller Williams GR East

    (616) 871-9200

    4 in this area

    23 Total Sales

    Charles Kao
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22011118

Southwestern Michigan Association of REALTORS®

APN: 06-16-418-016

Michigan Kalamazoo County Kalamazoo 49007 Stuart

232 Woodward Ave, Kalamazoo, MI

This home is located at 232 Woodward Ave, Kalamazoo, MI 49007 since 04 April 2022 and is currently estimated at $428,604. This property was built in 1885. 232 Woodward Ave is a home located in Kalamazoo County with nearby schools including Woodward School for Technology & Research, Linden Grove Middle School, and Kalamazoo Central 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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