NOT LISTED FOR SALE

3900 W Michigan Ave Kalamazoo, MI 49006

Arcadia Neighborhood

Estimated Value: $485,000 - $725,990

20 Beds
16 Baths
-- Sq Ft
1.07 Acres

Last Sold August 10, 2016

Last sale price $687,000

Est. 36% increase in value since last sale

Current estimated payment $5,931/month

115 Days on Market

About This Home

As of August 2016

Investors .Leased out till July. 2017- Here is your chance to own 4 buildings that offer 6 bedrooms, 3.5 bathrooms per unit. A/C. Upgrades includes decks, ceramic tile. All units in good shape. Great location and close to campus. Seller pays for internet, cable, trash and water. Tenant is responsible for gas, electric. $350.00 per bedroom. Range, Refrigerator, dishwasher, washer, dryer included. Buyer to Co-Operate with seller doing a 1031 tax exchange at no expense to buyer.Expenses-cable $3,360,water $960,taxes $17,143.Garbage is currently at no charge cause neighbor puts 2 dumpsters on this property (for there own use)but allows tenants at this address to use at no cost.Trying to get cost of Insurance (cause it is tied in with many other properties)..

Last Agent to Sell the Property

Neil Meadmore

RE/MAX of Kalamazoo License #6501208043 Listed on: 03/16/2016

RE/MAX of Kalamazoo

Last Buyer's Agent

Neil Meadmore

American Eagle Appraisal, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,143

Lot Details

  • 1.07 Acre Lot
  • Lot Dimensions are 317x145

Parking

  • 24 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,143

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 201
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 317x145
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 17143.0
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 4.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • List Price: 749900.0
  • Number of Buildings: 4
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 24.0
  • General Property Info:Total Parking Spaces: 24.0

Utilities

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

Lot Info

  • Lot Size Acres: 1.07
  • Lot Size Area: 1.07
  • Lot Size Sq Ft: 46609.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 17143.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2016
Closed on
Aug 10, 2016
Sold by
Main Street Properties Ii Llc
Bought by
Hansen David P and Hansen Michaeli
Seller's Agent
Neil Meadmore
RE/MAX of Kalamazoo
Buyer's Agent
Neil Meadmore
RE/MAX of Kalamazoo
List Price
$749,900
Sold Price
$687,000
Premium/Discount to List
-$62,900
-8.39%
Current Estimated Value
$936,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,769
Avg. Annual Appreciation
3.04%

Purchase Details

Closed on
Sep 9, 2009
Sold by
Jpmorgan Chase Bank Na
Bought by
Main Street Properties Ii

Purchase Details

Closed on
Feb 5, 2009
Sold by
Marasco Barry G and Marasco Kathleen
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Aug 5, 2005
Sold by
Key Group Fire House Crossings Llc
Bought by
Marasco Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 3, 2003
Sold by
Coleman Commercial Properties Llc
Bought by
Key Group Fire House Crossings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,920,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Hansen David P -- Nations Title Agency
Jpmorgan Chase Bank National Association $376,000 None Available
Marasco Barry $900,000 Consolidated Title
Key Group Fire House Crossings Llc -- Metro
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marasco Barry G $121,000
Previous Owner Marasco Barry $675,000
Previous Owner Key Group Fire House Crossings Llc $1,920,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2016 08/10/16 Sold $687,000 -8.4% --
07/09/2016 07/09/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $749,900 -- --
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 $9,622 $405,800 $0 $0
2024 $9,622 $381,700 $0 $0
2023 $9,171 $348,600 $0 $0
2022 $21,059 $322,600 $0 $0
2021 $20,097 $310,900 $0 $0
2020 $19,984 $314,600 $0 $0
2019 $8,165 $318,500 $0 $0
2018 $19,030 $284,800 $0 $0
2017 $16,294 $272,700 $0 $0
2016 $16,294 $272,600 $0 $0
2015 $16,294 $252,900 $0 $0
2014 $16,294 $239,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Neil Meadmore

    Seller's Agent in 2016

    Neil Meadmore

    RE/MAX Michigan

    (269) 207-1641

    65 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16010931

Southwestern Michigan Association of REALTORS®

APN: 06-19-451-004

Michigan Kalamazoo County Kalamazoo 49006 Arcadia

3900 W Michigan Ave, Kalamazoo, MI

This home is located at 3900 W Michigan Ave, Kalamazoo, MI 49006 since 16 March 2016 and is currently estimated at $627,998. 3900 W Michigan Ave is a home located in Kalamazoo County with nearby schools including Arcadia Elementary School, 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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