NOT LISTED FOR SALE

511 Forest St Kalamazoo, MI 49008

Vine Neighborhood

Estimated Value: $152,000 - $178,000

3 Beds
2 Baths
-- Sq Ft
3,311 Sq Ft Lot

Last Sold October 12, 2020

Last sale price $114,666

Est. 40% increase in value since last sale

Current estimated payment $965/month

120 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to S Westnedge Park
  • High Speed Internet

About This Home

As of October 2020

This house is 1 of 5 houses in a rental portfolio sale. All 5 houses were completely renovated including, but not limited to; new electrical, plumbing, furnaces, roofs, kitchens/bathrooms. Both duplexes have separate utilities. ~100% occupancy through the lifetime of the portfolio! Most active leases have supporting Guarantee Agreements for tenants. Buyers will be required to sign a Non-Disclosure Agreement, as well as prove financial capability before any financial information will be shared. The units are occupied, so please do not approach Tenants. The owner is a licensed MI real estate Broker

Last Agent to Sell the Property

Andrew Gyorkos

Kalamazoo Commercial Real Estate License #6502406462 Listed on: 03/19/2020

Co-Listed By

T.J. Ward

Kalamazoo Commercial Real Estate

Last Buyer's Agent

Andrew Gyorkos

Kalamazoo Commercial Real Estate License #6502406462 Listed on: 03/19/2020

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,920

Year Built

  • Built in 1910

Lot Details

  • 3,311 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,920

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 119500.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3311.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 1

Tax Info

  • Tax Annual Amount: 1920.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2020
Closed on
Sep 30, 2020
Sold by
Gyorkos Andrew and Gyorkos Amy
Bought by
Walter Stuart and Walter Julie
Seller's Agent
Andrew Gyorkos
Kalamazoo Commercial Real Estate
Buyer's Agent
Andrew Gyorkos
Kalamazoo Commercial Real Estate
List Price
$119,500
Sold Price
$114,667
Premium/Discount to List
-$4,833
-4.04%
Total Days on Market
120
Current Estimated Value
$160,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,614
Avg. Annual Appreciation
6.54%
Original Mortgage
$92,000
Outstanding Balance
$83,476
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$71,033

Purchase Details

Closed on
Oct 14, 2008
Sold by
Gyorkos Andrew and Gyorkos Amy
Bought by
Gyorkos Andrew and Gyorkos Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.41%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 16, 2008
Sold by
Wells Fargo Bank Na
Bought by
Gyorkos Andrew

Purchase Details

Closed on
Jul 5, 2007
Sold by
Hixon Rodney P
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 3, 2005
Sold by
Cole Mike and Cole Melinda
Bought by
Hixon Rodney P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,300
Interest Rate
8.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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
Walter Stuart -- Sun Title Agency Llc
Gyorkos Andrew -- Devon Title
Gyorkos Andrew $30,500 Attorneys Title
Wells Fargo Bank Na $100,000 None Available
Hixon Rodney P $117,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walter Stuart $92,000
Previous Owner Gyorkos Andrew $75,000
Previous Owner Gyorkos Andrew $75,000
Previous Owner Hixon Rodney P $105,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2020 10/12/20 Sold $114,667 -4.0% --
07/17/2020 07/17/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $119,500 -- --
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 $1,369 $60,800 $0 $0
2023 $1,304 $53,300 $0 $0
2022 $2,995 $45,800 $0 $0
2021 $2,897 $41,900 $0 $0
2020 $2,044 $37,600 $0 $0
2019 $1,945 $31,900 $0 $0
2018 $2,186 $29,600 $0 $0
2017 $2,046 $28,000 $0 $0
2016 $2,046 $25,400 $0 $0
2015 $2,046 $25,500 $0 $0
2014 $2,046 $25,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Gyorkos

    Seller's Agent in 2020

    Andrew Gyorkos

    Kalamazoo Commercial Real Estate

    (269) 760-5201

    10 in this area

    41 Total Sales

    Andrew Gyorkos
    Section Image
  • T.J. Ward

    Seller Co-Listing Agent in 2020

    T.J. Ward

    Kalamazoo Commercial Real Estate

    (269) 569-4289

    13 in this area

    32 Total Sales

    T.J. Ward
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19051838

Southwestern Michigan Association of REALTORS®

APN: 06-21-444-003

Michigan Kalamazoo County Kalamazoo 49008 Vine

511 Forest St, Kalamazoo, MI

This home is located at 511 Forest St, Kalamazoo, MI 49008 since 19 March 2020 and is currently estimated at $160,281. This property was built in 1910. 511 Forest St is a home located in Kalamazoo County with nearby schools including Woods Lake 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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