NOT LISTED FOR SALE

Estimated Value: $184,000 - $197,508

4 Beds
2 Baths
-- Sq Ft
6,795 Sq Ft Lot

Last Sold May 07, 2020

Last sale price $120,000

Est. 57% increase in value since last sale

Current estimated payment $1,322/month

3 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding
  • Window Unit Cooling System

About This Home

As of May 2020

Well maintained duplex located in the Stuart Historical Neighborhood is close to K-College, WMU and vibrant downtown Kalamazoo! Home features a second floor one bedroom apartment with deck. Main floor unit is a 3 bedroom home with large kitchen and dining room. There is a shared laundry room. Basement is cement block construction with ample storage space. The home currently has one electric and gas meter, however there are harnesses on the house for multiple meters to be installed. Home has a 40 month Rental Certificate that expires on 9/30/2023 which supports the loving care this home has received. No showings and no virtual showings till the Governor ''Stay Home Stay Safe'' is lifted

Last Agent to Sell the Property

Kim Williams

Five Star Real Estate License #6501362803 Listed on: 04/18/2020

Five Star Real Estate

Last Buyer's Agent

Meghan Pawlawski

Epique Realty License #6506048516

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,474

Year Built

  • Built in 1897

Lot Details

  • 6,795 Sq Ft Lot
  • Lot Dimensions are 41.25x165

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 8 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Location

  • Mineral Rights Excluded

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $874
  • Utility Expense $2,365
  • Operating Expense $6,237
  • Gross Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,474

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1897
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 41.25x165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Driveway:Unpaved: Yes
  • Mineral Rights:No: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Extras:Sep Gas Meter: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 124900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 41.25x165
  • Lot Size Sq Ft: 6795.0

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Gross Income: 17400.0
  • Insurance Expense: 874.0
  • Number of Units Total: 2
  • Operating Expense: 6237.0

Tax Info

  • Tax Annual Amount: 2474.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2020
Closed on
May 7, 2020
Sold by
Oberheu Walter F and Oberheu Laura L
Bought by
Kim Edwin
Seller's Agent
Kim Williams
Five Star Real Estate
Buyer's Agent
Meghan Pawlawski
Epique Realty
List Price
$124,900
Sold Price
$120,000
Premium/Discount to List
-$4,900
-3.92%
Current Estimated Value
$188,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,627
Avg. Annual Appreciation
8.79%
Original Mortgage
$173,600
Outstanding Balance
$121,149
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$67,478

Purchase Details

Closed on
Aug 18, 2008
Sold by
Oberheu Walter F and Strehlow Laura L
Bought by
Oberheu Walter F and Strehlow Laura L
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
Kim Edwin $120,000 Devon Title Agency
Oberheu Walter F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Edwin $173,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2020 05/07/20 Sold $120,000 -3.9% --
04/21/2020 04/21/20 Pending -- -- --
04/18/2020 04/18/20 For Sale $124,900 -- --
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 $3,913 $92,400 $0 $0
2024 $1,862 $81,300 $0 $0
2023 $1,774 $76,100 $0 $0
2022 $3,549 $62,200 $0 $0
2021 $3,432 $57,000 $0 $0
2020 $2,569 $53,400 $0 $0
2019 $2,474 $50,400 $0 $0
2018 $2,417 $46,300 $0 $0
2017 $2,438 $46,000 $0 $0
2016 $2,438 $44,100 $0 $0
2015 $2,438 $38,700 $0 $0
2014 $2,438 $34,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20013072

Southwestern Michigan Association of REALTORS®

APN: 06-16-408-002