NOT LISTED FOR SALE

321 Stuart Ave Kalamazoo, MI 49007

Stuart Neighborhood

Estimated Value: $631,005

Studio
-- Bath
-- Sq Ft
0.31 Acres

Last Sold July 28, 2017

Last sale price $435,000

Est. 45% increase in value since last sale

Current estimated payment $3,690/month

About This Home

As of July 2017

This is a one of a kind opportunity for any passive investor! This 7-Unit single building has been renovated top to bottom. Each unit has a new kitchen, restored floors, updated mechanicals and a concrete driveway. The top unit is the crown jewel with a custom kitchen, modern appliances, and high ceilings.

Last Agent to Sell the Property

Matthew Callander

Callander Commercial License #6501303339 Listed on: 05/01/2017

Last Buyer's Agent

Dan Burkett

Callander Commercial License #6501277917

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,198

Year Built

  • Built in 1875

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 99' x 137'

Parking

  • 16 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Connected

Community Details

  • 7 Units

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,198

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 76.92
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 99' x 137'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 6198.0
  • Tax Info:Zoning3: RM-15
  • General Property Info:Total _pound_ Units: 7
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 450000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 16.0
  • General Property Info:Total Parking Spaces: 16.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Size Sq Ft: 13503.0
  • Zoning Description: RM-15
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 6198.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
Jul 7, 2017
Sold by
Emory Properties Llc
Bought by
Walnut Street Investments Llc
Seller's Agent
Matthew Callander
Callander Commercial
Buyer's Agent
Dan Burkett
Callander Commercial
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%
Current Estimated Value
$631,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,005
Avg. Annual Appreciation
4.47%
Original Mortgage
$435,000
Outstanding Balance
$357,986
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$273,019

Purchase Details

Closed on
Jun 16, 2010
Sold by
321 Stuart Llc
Bought by
Emory Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2004
Sold by
Tiller Mark A and Tiller Katie
Bought by
323 Stuart Llc
Source: Public Records
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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
Walnut Street Investments Llc -- Chicago Title Company
Emory Properties Llc $257,000 Chicago Title Company
323 Stuart Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walnut Street Investments Llc $435,000
Previous Owner Emory Properties Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2017 07/28/17 Sold $435,000 -3.3% --
05/01/2017 05/01/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $450,000 -- --
Source: MichRIC

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 $4,923 $235,900 $0 $0
2024 $4,555 $236,400 $0 $0
2023 $4,555 $278,800 $0 $0
2022 $10,460 $215,500 $0 $0
2021 $10,117 $203,800 $0 $0
2020 $9,926 $187,400 $0 $0
2019 $9,560 $149,600 $0 $0
2018 $9,339 $138,300 $0 $0
2017 $5,913 $131,600 $0 $0
2016 $5,913 $89,300 $0 $0
2015 $5,913 $88,300 $0 $0
2014 $5,913 $84,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Callander

    Seller's Agent in 2017

    Matthew Callander

    Callander Commercial

    (269) 384-8368

    114 Total Sales

    Matthew Callander
    Section Image

  • D

    Buyer's Agent in 2017

    Dan Burkett

    Callander Commercial

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Map

Source: MichRIC

MLS Number: 17019138

MichRIC

APN: 06-16-411-025

Michigan Kalamazoo County Kalamazoo 49007 Stuart

321 Stuart Ave, Kalamazoo, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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