NOT LISTED FOR SALE

314 W Vine St Kalamazoo, MI 49001

Vine Neighborhood

Estimated Value: $378,982

-- Bed
-- Bath
-- Sq Ft
4,225 Sq Ft Lot

Last Sold December 09, 2021

Last sale price $282,000

Est. 34% increase in value since last sale

Current estimated payment $2,632/month

52 Days on Market

Highlights

  • Heating System Uses Steam
  • Wood Siding
  • 3-minute walk to Dutton Street Park

About This Home

As of December 2021

This great 6 unit property in the Vine Neighborhood will be a great addition to any rental portfolio. Each unit is 1 bed 1 bath. All but one unit has been remodeled with the exception of one that is occupied by a long term tenant. There is room to grow rents a little as well. This property is bringing in $3,810 in monthly rents. 48 hours notice is required for all showings. All unit sq footage is approximate and should be verified by buyer.

Last Agent to Sell the Property

Andy Straub

Five Star Real Estate (Grandv) License #6502418569 Listed on: 08/20/2021

Five Star Real Estate (Grandv)

Last Buyer's Agent

Adam Atwood

Five Star Real Estate License #6506047769

Five Star Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,517

Year Built

  • Built in 1905

Lot Details

  • 4,225 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Heating System Uses Steam
  • Natural Gas Connected

Community Details

  • 6 Units
  • Insurance Expense $1,200

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,517

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 315000.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Heating: Steam
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4225.0
  • Zoning Description: RM-36
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 1200.0
  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 5517.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2020
Sold by
Terhofter Timothy J and Terhofter Elizabeth E
Bought by
314 West Vine Holdings Llc
Current Estimated Value
$378,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Outstanding Balance
$151,276
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$227,706

Purchase Details

Closed on
Apr 20, 2009
Sold by
Meyers Nancy L
Bought by
Pisipati Bhaskar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2009
Sold by
Pisipati Bhaskar and Pisipati Padma
Bought by
Terhofter Timothy J and Terhofter Elizabeth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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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
314 West Vine Holdings Llc $180,000 Devon Title Agency
Pisipati Bhaskar $120,000 Chicago Title
Terhofter Timothy J $138,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 314 West Vine Holdings Llc $170,000
Previous Owner Terhofter Timothy J $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2021 12/09/21 Sold $282,000 -19.4% --
10/11/2021 10/11/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $350,000 -- --
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 $7,462 $134,600 $0 $0
2024 $3,168 $134,400 $0 $0
2023 $3,102 $121,100 $0 $0
2022 $6,650 $96,100 $0 $0
2021 $5,602 $86,000 $0 $0
2020 $6,351 $79,900 $0 $0
2019 $4,106 $73,700 $0 $0
2018 $4,012 $71,800 $0 $0
2017 $4,046 $69,800 $0 $0
2016 $4,046 $61,300 $0 $0
2015 $4,046 $60,600 $0 $0
2014 $4,046 $57,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andy Straub

    Seller's Agent in 2021

    Andy Straub

    Five Star Real Estate (Grandv)

    (616) 322-7659

    6 in this area

    260 Total Sales

    Andy Straub
    Section Image
  • Adam Atwood

    Buyer's Agent in 2021

    Adam Atwood

    Five Star Real Estate

    (269) 377-4589

    27 in this area

    152 Total Sales

    Adam Atwood
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21101523

Southwestern Michigan Association of REALTORS®

APN: 06-22-157-004

Michigan Kalamazoo County Kalamazoo 49001 Vine

314 W Vine St, Kalamazoo, MI

This home is located at 314 W Vine St, Kalamazoo, MI 49001 since 20 August 2021 and is currently estimated at $378,982. This property was built in 1905. 314 W Vine St is a home located in Kalamazoo County with nearby schools including Milwood Elementary School, 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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