NOT LISTED FOR SALE

5093 W Michigan Ave Kalamazoo, MI 49006

Estimated Value: $253,487

0.84 Acre
$301,770 Price per Acre
36,590 Sq Ft Lot

Last Sold February 15, 2019

Last sale price $160,000

Est. 58% increase in value since last sale

Current estimated payment $1,504/month

4 Days on Market

About This Lot

As of February 2019

Great development opportunity adjoining the Corner at Drake Shopping Plaza (Costco, Field & Stream, etc.). Rapidly developing area with appreciating property values. Located on West Michigan Avenue one parcel from Drake Road. There is a five unit multi-family building on the site; however, the value is in the land.

Last Listed By

Marc Tourangeau

Jaqua, REALTORS Listed on: 02/07/2019

Property Details

Property Type

  • Land

Year Built

  • 1970

Lot Details

  • 0.84 Acre Lot
  • Lot Dimensions are 157.9x231.73
  • Level Lot
  • Property is zoned C-R COM, C-R COM

Utilities

  • Septic Tank
  • Phone Available

Property Details

Property Type

Land

Year Built

1970

Lot Details

0

Listing Details

  • Property Sub-Type: Commercial Land
  • Property Type: Land
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1970

Exterior Features

  • List Price: 220000.0
  • Lot Features: Building
  • Other Structures: Other
  • Road Surface Type: Paved
  • Topography: {"Level":true}
  • Waterfront: No

Lot Info

  • Lot Size Acres: 0.84
  • Lot Size Area: 0.84
  • Lot Dimensions: 157.9x231.73
  • Lot Size Sq Ft: 36590.0
  • Zoning Description: C-R COM
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5547.37
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2019
Closed on
Feb 15, 2019
Sold by
South Town Of Kalamazoo Llc
Bought by
Aspen West Llc
Seller's Agent
Marc Tourangeau
Jaqua, REALTORS
Buyer's Agent
Timothy DeYoung
CENTURY 21 C. Howard
List Price
$220,000
Sold Price
$160,000
Premium/Discount to List
-$60,000
-27.27%
Total Days on Market
4
Current Estimated Value
$253,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,487
Original Mortgage
$100,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 2018
Sold by
Ross F Stancati And Nancy T Troff A Co
Bought by
South Town Of Kalamazoo Llc

Purchase Details

Closed on
Sep 7, 2010
Sold by
West South Street Group
Bought by
Stancati and Troff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,446
Interest Rate
4.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Range of Values:

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Average Value
Not Available
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
Aspen West Llc -- Devon Title
South Town Of Kalamazoo Llc -- None Available
Stancati -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wetllc Aspen $208,345
Closed Aspen West Llc $50,000
Closed Aspen West Llc $225,000
Closed Aspen West Llc $100,000
Previous Owner Stancati & Troff --
Previous Owner Stancati $99,446
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2019 02/15/19 Sold $160,000 -27.3% --
02/11/2019 02/11/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $220,000 -- --
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
2024 $1,105 $121,400 $0 $0
2023 $1,053 $116,400 $0 $0
2022 $6,138 $93,400 $0 $0
2021 $6,694 $102,800 $0 $0
2020 $7,755 $121,800 $0 $0
2019 $6,074 $126,300 $0 $0
2018 $5,934 $101,700 $0 $0
2017 $0 $101,700 $0 $0
2016 -- $93,600 $0 $0
2015 -- $91,800 $32,800 $59,000
2014 -- $91,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Marc Tourangeau

    Jaqua, REALTORS

  • Timothy DeYoung

    Buyer's Agent in 2019

    Timothy DeYoung

    CENTURY 21 C. Howard

    (269) 364-8738

    16 in this area

    114 Total Sales

    Timothy DeYoung
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18053788

Southwestern Michigan Association of REALTORS®

APN: 05-25-230-061

Michigan Kalamazoo County Kalamazoo 49006

5093 W Michigan Ave, Kalamazoo, MI

Homes for Sale in Kalamazoo, MI

This home is located at 5093 W Michigan Ave, Kalamazoo, MI 49006 since 07 February 2019 and is currently priced at $253,487. This property was built in 1970. 5093 W Michigan Ave is a home located in Kalamazoo County with nearby schools including Arcadia Elementary School, Maple Street Magnet School for the Arts, and Loy Norrix 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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