NOT LISTED FOR SALE

507 Lay Blvd Kalamazoo, MI 49001

Edison Neighborhood

Estimated Value: $100,000 - $134,000

2 Beds
1.5 Baths
864 Sq Ft
$139/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $85,000 $98 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $757/month

36 Days on Market

Highlights

  • Recreation Room
  • Den
  • Cooling System Mounted In Outer Wall Opening
  • Traditional Architecture
  • Porch
  • 4-minute walk to Reed Street Park

About This Home

As of March 2020

Lovely, totally updated 2 bedrooms, 1.5 bath, 2-story home on a quiet, tree-lined street WEST of Portage Rd. Newer appliances, flooring, replacement windows, water heater and a hi-efficiency furnace. Family/Rec Room in the basement could be converted to a legal bedroom. Great parking and a private, easy-to-maintain yard that has great sun exposure and could support a vegetable garden. Home is super conveniently located close to downtown, WMU med school, Stryker, and all of other Kalamazoo's great attractions! Kalamazoo Promise eligible as well.

Last Agent to Sell the Property

Joe Jovanovic

Redfin Corporation License #6501298582 Listed on: 01/16/2020

Redfin Corporation

Last Buyer's Agent

Traci Weiandt

Keller Williams Kalamazoo Market Center License #6506047802

Keller Williams Kalamazoo Market Center

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,292

Year Built

  • Built in 1921

Lot Details

  • 4,300 Sq Ft Lot
  • Lot Dimensions are 43x100
  • Level Lot
  • Property is zoned RS-5, RS-5

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 864 Sq Ft Home
  • 2-Story Property
  • Replacement Windows
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Recreation Room
  • Ceramic Tile Flooring
  • Basement Fills Entire Space Under The House
  • Oven

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Shed
  • Storage Shed
  • Porch

Location

  • Mineral Rights Excluded

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,292

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1921
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 115.74
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 43x100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 864.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1292.0
  • Tax Info:Zoning3: RS-5
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Windows:Replacement: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • General Property Info:Fireplace: No
  • Additional Items:Window Treatments: Yes
  • Water Heater:Natural Gas4: Yes
  • Mineral Rights:No: Yes
  • General Property Info:SqFt Above Grade: 864.0
  • General Property Info Garage YN: No
  • Architectural Style:Traditional: Yes
  • Flooring:Ceramic Floor: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Oven, Refrigerator, Washer
  • Flooring: Ceramic Tile
  • Fireplace: No
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 864.0
  • Window Features: Replacement, Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 432.0
  • Appliances:Oven: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 99999.0
  • Lot Features: Level, Sidewalk
  • Other Structures: Shed(s)
  • Patio and Porch Features: Porch(es)
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Patio and Porch Features:Porch(es): Yes

Garage/Parking

  • Garage: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 43x100
  • Lot Size Sq Ft: 4300.0
  • Zoning Description: RS-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1292.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Mar 26, 2020
Sold by
Long Adam E and Long Adam
Bought by
Soto Aldo and Barrios Herazo Joyce
Seller's Agent
Joe Jovanovic
Redfin Corporation
Buyer's Agent
Traci Weiandt
Keller Williams Kalamazoo Market Center
List Price
$109,000
Sold Price
$85,000
Premium/Discount to List
-$24,000
-22.02%
Current Estimated Value
$120,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,043
Avg. Annual Appreciation
6.21%
Original Mortgage
$80,000
Outstanding Balance
$71,004
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$49,039

Purchase Details

Listed on
Aug 22, 2016
Closed on
Nov 4, 2016
Sold by
Hewitt Lindy and Ackerman Linda
Bought by
Long Adam E and Long Adam
Seller's Agent
Ed Giffels
Jaqua, REALTORS
Buyer's Agent
Philip Copeland
Grey House Market Real Estate
List Price
$64,900
Sold Price
$60,000
Premium/Discount to List
-$4,900
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Original Mortgage
$48,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2016
Sold by
Ackerman Lindy
Bought by
Ackerman Lindsy and Lindy Ackerman Trust

Purchase Details

Listed on
Jun 20, 2011
Closed on
Sep 7, 2012
Sold by
City Of Kalamazoo
Bought by
Ackerman Lindy
Seller's Agent
Paul Valentin
Jaqua, REALTORS
Buyer's Agent
Randy Sharp
RE/MAX Elite Group
List Price
$40,000
Sold Price
$31,500
Premium/Discount to List
-$8,500
-21.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$25,200
Interest Rate
3.59%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Soto Aldo $85,000 Chicago Title Of Mi Inc
Long Adam E $60,000 Ask Services Inc
Ackerman Lindsy -- Attorney
Ackerman Lindy $31,500 Nations Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Aldo $80,000
Previous Owner Long Adam E $48,000
Previous Owner Ackerman Lindy $25,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/26/2020 03/26/20 Sold $85,000 -22.0% $98 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $109,000 +81.7% $126 / Sq Ft
11/04/2016 11/04/16 Sold $60,000 -7.6% $69 / Sq Ft View Prior Sale
10/05/2016 10/05/16 Pending -- -- --
08/22/2016 08/22/16 For Sale $64,900 +106.0% $75 / Sq Ft
09/07/2012 09/07/12 Sold $31,500 -21.3% $36 / Sq Ft View Prior Sale
07/09/2012 07/09/12 Pending -- -- --
06/20/2011 06/20/11 For Sale $40,000 -- $46 / Sq Ft
Source: MichRIC

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 $1,506 $43,900 $0 $0
2024 $841 $34,800 $0 $0
2023 $802 $31,100 $0 $0
2022 $1,366 $26,600 $0 $0
2021 $1,400 $27,300 $0 $0
2020 $994 $24,100 $0 $0
2019 $1,293 $19,900 $0 $0
2018 $925 $18,700 $0 $0
2017 $901 $19,100 $0 $0
2016 $901 $18,600 $0 $0
2015 $901 $18,300 $0 $0
2014 $901 $16,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Traci Weiandt

    Buyer's Agent in 2020

    Traci Weiandt

    Keller Williams Kalamazoo Market Center

    (269) 816-3197

    11 in this area

    151 Total Sales

    Traci Weiandt
    Section Image

  • T

    Buyer's Agent in 2020

    Traci Seeley

    Keller Williams Kalamazoo Market Center

  • Ed Giffels

    Seller's Agent in 2016

    Ed Giffels

    Jaqua, REALTORS

    (269) 217-0331

    1 in this area

    76 Total Sales

    Ed Giffels
    Section Image
  • Philip Copeland

    Buyer's Agent in 2016

    Philip Copeland

    Grey House Market Real Estate

    (269) 377-8873

    2 in this area

    131 Total Sales

    Philip Copeland
    Section Image
  • Paul Valentin

    Seller's Agent in 2012

    Paul Valentin

    Jaqua, REALTORS

    (269) 341-4300

    9 in this area

    116 Total Sales

    Paul Valentin
    Section Image
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Map

Source: MichRIC

MLS Number: 20001922

MichRIC

APN: 06-27-225-006

Michigan Kalamazoo County Kalamazoo 49001 Edison

507 Lay Blvd, Kalamazoo, MI

Not Listed for Sale

Detached

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