NOT LISTED FOR SALE

3511 Saratoga Ave Kalamazoo, MI 49048

Estimated Value: $241,030 - $265,000

-- Bed
-- Bath
-- Sq Ft
0.74 Acres

Last Sold July 02, 2020

Last sale price $171,500

Est. 50% increase in value since last sale

Current estimated payment $1,657/month

34 Days on Market

Highlights

  • 0.74 Acre Lot
  • Window Unit Cooling System
  • Forced Air Heating System
  • 1 Fireplace
  • Property is near a preserve or public land

About This Home

As of July 2020

Great opportunity to own a 4 unit side by side as an investment property or owner occupant and let tenants pay down the mortgage. Very well kept and maintained by property management company. Large lot for future additions. 2 large sheds for additional storage for tenants. All are 1 bedroom and 1 bath. Rents are currently low for the area due to long term tenants. Current rents are $425, $450, $575 and last unit vacant. Market rents in the area for the same unit ranging from $600-$870. Completely renovated unit with new kitchen and bath will be vacant in March so new owner can place tenants with higher rents. New roof 2019.

Last Agent to Sell the Property

Casity Kao

Keller Williams GR East License #6501396887 Listed on: 04/04/2020

Keller Williams GR East

Last Buyer's Agent

Twala Lockett-Jones

Lockett-Jones Realty Group License #6502423090

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,318

Year Built

  • Built in 1975

Lot Details

  • 0.74 Acre Lot
  • Lot Dimensions are 90x289

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1 Fireplace

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units
  • Property is near a preserve or public land

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,318

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1975
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 90X289
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3317.84
  • Tax Info:Zoning3: R-1A
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: 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
  • Substructure:Slab: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Lot Description:Adj to Public Land: 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
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Block
  • List Price: 175000.0
  • Lot Features: Adj to Public Land, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.74
  • Lot Size Area: 0.74
  • Lot Dimensions: 90X289
  • Lot Size Sq Ft: 32234.0
  • Zoning Description: R-1A
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3317.84
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2020
Closed on
Jul 10, 2020
Sold by
Suaer Peter
Bought by
Fields Releford Ivy N
Seller's Agent
Casity Kao
Keller Williams GR East
Buyer's Agent
Twala Lockett-Jones
Lockett-Jones Realty Group
List Price
$175,000
Sold Price
$171,500
Premium/Discount to List
-$3,500
-2%
Current Estimated Value
$257,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,057
Avg. Annual Appreciation
7.92%
Original Mortgage
$164,957
Outstanding Balance
$147,507
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$105,308

Purchase Details

Closed on
Dec 14, 2017
Sold by
Marlatt George R
Bought by
1605 Bacon Llc

Purchase Details

Closed on
Nov 16, 2017
Sold by
Whitehead Lori Ann and Marlatt David M
Bought by
Marlatt George R

Purchase Details

Closed on
Apr 25, 2013
Sold by
Whitehead Lori Ann and Marlatt David M
Bought by
Marlatt George R and Whitehead Lori Ann

Purchase Details

Closed on
Jan 17, 2013
Sold by
Marlatt Grace R
Bought by
Whitehead Lori Ann
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
Fields Releford Ivy N $171,500 Bell Ttl Agcy Of Grand Rapid
1605 Bacon Llc $52,500 None Available
Marlatt George R -- None Available
Marlatt George R -- None Available
Whitehead Lori Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fields Releford Ivy N $164,957
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2020 07/02/20 Sold $171,500 -2.0% --
05/08/2020 05/08/20 Pending -- -- --
04/04/2020 04/04/20 For Sale $175,000 -- --
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 $2,816 $69,900 $0 $0
2024 $2,816 $71,100 $0 $0
2023 $2,684 $66,700 $0 $0
2022 $3,752 $60,300 $0 $0
2021 $3,651 $58,400 $0 $0
2020 $3,500 $57,900 $0 $0
2019 $3,318 $57,200 $0 $0
2018 $3,227 $56,100 $0 $0
2017 $0 $56,300 $0 $0
2016 -- $55,400 $0 $0
2015 -- $52,600 $12,200 $40,400
2014 -- $52,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20004102

Southwestern Michigan Association of REALTORS®

APN: 07-06-302-820