NOT LISTED FOR SALE

2925 W Michigan Ave Kalamazoo, MI 49006

Knollwood Neighborhood

Estimated Value: $426,616 - $614,000

11 Beds
5 Baths
-- Sq Ft
0.25 Acres

Last Sold November 28, 2017

Last sale price $330,000

Est. 55% increase in value since last sale

Current estimated payment $3,144/month

32 Days on Market

Highlights

  • 0.25 Acre Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of November 2017

This turn-key property really is a one of a kind!
Located in the heart of Western Michigan University campus living, this duplex offers move in ready student living just a few blocks from the Hayworth College of Business!

Total income on this property:
• 1131: $1,600.00 per month!
• 1133: $3,200.00 per month!
• $55,000 Gross Operating Inc.
Notable Expenses
• Water $70.66 per month
• Roughly $70.00 for insurance
• Annual property tax:$9675.00


This property really is one of a kind, and it will go fast! Whether you are a seasoned investor or you are looking for that first investment property, this one you don't want to pass up! For more information please contact our office or Patrick O'Brien at 269-207-7446!

Last Agent to Sell the Property

Patrick O'Brien

O'Brien Real Estate License #6502102326 Listed on: 09/06/2017

Last Buyer's Agent

Patrick O'Brien

O'Brien Real Estate License #6502102326 Listed on: 09/06/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1996

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 94.33 x 117.6

Parking

  • 12 Parking Spaces

Home Design

  • Wood Siding
  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1996
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 94.33 x 117.6
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 8635.51
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 380000.0
  • Number of Buildings: 2
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 12.0
  • General Property Info:Total Parking Spaces: 12.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Sq Ft: 10715.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 8635.51
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2017
Closed on
Nov 28, 2017
Sold by
Lex Wmu Llc
Bought by
Bleuenstein Donald F
Seller's Agent
Patrick O'Brien
O'Brien Real Estate
Buyer's Agent
Patrick O'Brien
O'Brien Real Estate
List Price
$380,000
Sold Price
$330,000
Premium/Discount to List
-$50,000
-13.16%
Current Estimated Value
$511,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,404
Avg. Annual Appreciation
4.34%
Original Mortgage
$225,000
Outstanding Balance
$190,122
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$269,211

Purchase Details

Listed on
Oct 7, 2013
Closed on
Oct 23, 2014
Sold by
Benjamin Thomas
Bought by
Lex Wmu Llc
Seller's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
Buyer's Agent
Wendy Wilkinson Lyster
RE/MAX Advantage
List Price
$280,000
Sold Price
$200,000
Premium/Discount to List
-$80,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.35%

Purchase Details

Listed on
Oct 7, 2013
Closed on
Oct 14, 2014
Sold by
Hickory Meadows Development Company Llc
Bought by
Benjamin Thomas W
Seller's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
Buyer's Agent
Wendy Wilkinson Lyster
RE/MAX Advantage
List Price
$280,000
Sold Price
$200,000
Premium/Discount to List
-$80,000
-28.57%

Purchase Details

Closed on
May 19, 2006
Sold by
Kendall Village Townhomes Llc
Bought by
Hickory Meadow Development Llc

Purchase Details

Closed on
May 17, 2005
Sold by
Kendall Village Townhomes Llc
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
Bleuenstein Donald F $330,000 Ata Natl Title Group Llc
Lex Wmu Llc -- None Available
Benjamin Thomas W $200,000 Ppr Title Agency
Hickory Meadow Development Llc -- Devon Title
City Of Kalamazoo $7,800 Devon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bleuenstein Donald F $225,000
Previous Owner Hickory Meadow Development Co Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2017 11/28/17 Sold $330,000 -13.2% --
10/08/2017 10/08/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $380,000 +90.0% --
10/14/2014 10/14/14 Sold $200,000 -28.6% --
08/08/2014 08/08/14 Pending -- -- --
10/07/2013 10/07/13 For Sale $280,000 -- --
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 $4,548 $201,200 $0 $0
2024 $4,548 $187,000 $0 $0
2023 $4,334 $168,800 $0 $0
2022 $9,954 $154,200 $0 $0
2021 $9,627 $148,100 $0 $0
2020 $9,879 $150,100 $0 $0
2019 $9,097 $152,200 $0 $0
2018 $9,226 $131,600 $0 $0
2017 $6,695 $124,700 $0 $0
2016 $6,695 $124,900 $0 $0
2015 $6,695 $113,900 $0 $0
2014 $6,695 $106,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick O'Brien

    Seller's Agent in 2017

    Patrick O'Brien

    O'Brien Real Estate

    (269) 207-7446

    5 in this area

    306 Total Sales

    Patrick O'Brien
    Section Image

  • J

    Seller's Agent in 2014

    Jeff Bertolissi

    Berkshire Hathaway HomeServices MI

    (269) 342-5600

    46 Total Sales

    Jeff Bertolissi
    Section Image
  • Wendy Wilkinson Lyster

    Buyer's Agent in 2014

    Wendy Wilkinson Lyster

    RE/MAX Michigan

    (269) 217-2053

    2 in this area

    46 Total Sales

    Wendy Wilkinson Lyster
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17045250

Southwestern Michigan Association of REALTORS®

APN: 06-20-308-027

Michigan Kalamazoo County Kalamazoo 49006 Knollwood

2925 W Michigan Ave, Kalamazoo, MI

This home is located at 2925 W Michigan Ave, Kalamazoo, MI 49006 since 06 September 2017 and is currently estimated at $511,404. This property was built in 1996. 2925 W Michigan Ave is a home located in Kalamazoo County with nearby schools including Woodward School for Technology & Research, Maple Street Magnet School for the Arts, 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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