NOT LISTED FOR SALE

240 Stuart Ave Kalamazoo, MI 49007

Stuart Neighborhood

Estimated Value: $237,000 - $305,000

4 Beds
4 Baths
-- Sq Ft
0.3 Acres

Last Sold November 06, 2019

Last sale price $190,000

Est. 45% increase in value since last sale

Current estimated payment $1,709/month

42 Days on Market

Highlights

  • Cooling Available
  • High Speed Internet
  • Wood Siding
  • Forced Air Heating System

About This Home

As of November 2019

Well kept and appealing Stuart Neighborhood Gothic Farmhouse style just 1 block from K College and close to WMU, 4 units that rents consistently and easily. Ample parking and super convenient to downtown. 3 1 bedroom units and 1 efficiency. Close to public transport. Rents are low with room to increase.

Last Agent to Sell the Property

Jeff Lee

Berkshire Hathaway HomeServices MI License #6502334434 Listed on: 08/21/2019

Berkshire Hathaway HomeServices MI

Co-Listed By

Jackson Lee

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Douglas Pettibone

Pettibone, Douglas C.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,453

Year Built

  • Built in 1870

Lot Details

  • 0.3 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $600
  • Operating Expense $10,860
  • Net Operating Income $17,280

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,453

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1870
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 239907.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 13068.0
  • Zoning Description: RM-15
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Insurance Expense: 1200.0
  • Maintenance Expense: 600.0
  • Net Operating Income: 17280.0
  • Number of Units Total: 4
  • Operating Expense: 10860.0

Tax Info

  • Tax Annual Amount: 3452.91
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Nov 6, 2019
Sold by
Grooters James R and Grooters Bonnie L
Bought by
Warden James R
Seller's Agent
Jeff Lee
Berkshire Hathaway HomeServices MI
Buyer's Agent
Douglas Pettibone
Pettibone, Douglas C.
List Price
$239,907
Sold Price
$190,000
Premium/Discount to List
-$49,907
-20.8%
Current Estimated Value
$276,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,410
Avg. Annual Appreciation
6.68%
Original Mortgage
$127,500
Outstanding Balance
$112,676
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$163,238

Purchase Details

Closed on
Oct 15, 2007
Sold by
Barbosa Luis F
Bought by
City Of Kalamazoo

Purchase Details

Closed on
Oct 16, 2006
Sold by
Barbosa Luis F
Bought by
City Of Kalamazoo

Purchase Details

Closed on
Oct 16, 2004
Sold by
Martinez Ezgar
Bought by
City Of Kalamazoo
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 Buyer Sale Price Title Company
Warden James R $190,000 Chicago Title Company
City Of Kalamazoo -- None Available
City Of Kalamazoo -- None Available
City Of Kalamazoo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warden James R $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2019 11/06/19 Sold $190,000 -20.8% --
10/02/2019 10/02/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $239,907 -- --
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 $2,438 $125,500 $0 $0
2024 $2,438 $112,200 $0 $0
2023 $2,323 $105,100 $0 $0
2022 $5,335 $86,300 $0 $0
2021 $5,160 $79,200 $0 $0
2020 $5,063 $73,600 $0 $0
2019 $3,570 $69,500 $0 $0
2018 $3,488 $65,900 $0 $0
2017 $3,518 $64,900 $0 $0
2016 $3,518 $62,000 $0 $0
2015 $3,518 $54,500 $0 $0
2014 $3,518 $49,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Lee

    Seller's Agent in 2019

    Jeff Lee

    Berkshire Hathaway HomeServices MI

    (269) 488-5342

    3 in this area

    219 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2019

    Jackson Lee

    Berkshire Hathaway HomeServices MI

    Section Image

  • D

    Buyer's Agent in 2019

    Douglas Pettibone

    Pettibone, Douglas C.

    (616) 516-5471

    8 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19040478

Southwestern Michigan Association of REALTORS®

APN: 06-16-416-005

Michigan Kalamazoo County Kalamazoo 49007 Stuart

240 Stuart Ave, Kalamazoo, MI

This home is located at 240 Stuart Ave, Kalamazoo, MI 49007 since 21 August 2019 and is currently estimated at $276,061. This property was built in 1870. 240 Stuart 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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