NOT LISTED FOR SALE

5251 Solvel St Kalamazoo, MI 49004

Estimated Value: $185,000 - $235,000

4 Beds
2 Baths
-- Sq Ft
0.34 Acres

Last Sold March 08, 2019

Last sale price $117,000

Est. 79% increase in value since last sale

Current estimated payment $1,270/month

4 Days on Market

About This Home

As of March 2019

Whether you are a savvy investor or just starting to build your investment portfolio here is an opportunity you don't want to pass up. The property is ready for your renovations that will only enhance the value and of course desirability for tenants. Be an owner occupant then you can take 50% homestead on your unit...let the tenant help cover your expenses. So many ways to look at this win-win property. Tenant requires 48 hours notice.
Buyer to verify all information to their sole satisfaction.

Last Agent to Sell the Property

Peggy Napier

Berkshire Hathaway HomeServices MI License #6501236503 Listed on: 01/09/2019

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Peggy Napier

Evenboer Walton, REALTORS

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 0.34 Acre Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Well
  • Septic System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for trash collection, gas

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Brick
  • List Price: 114900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Connected
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 0.34
  • Lot Size Area: 0.34
  • Lot Size Sq Ft: 14985.0
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3034.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2019
Closed on
Mar 8, 2019
Sold by
Mclain Donald E
Bought by
Flegel Dylan
Seller's Agent
Peggy Napier
Berkshire Hathaway HomeServices MI
Buyer's Agent
Peggy Napier
Berkshire Hathaway HomeServices MI
List Price
$114,900
Sold Price
$117,000
Premium/Discount to List
$2,100
1.83%
Current Estimated Value
$209,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,945
Avg. Annual Appreciation
8.86%

Purchase Details

Closed on
Oct 5, 2015
Sold by
Houghtaling Nancy A
Bought by
Houghtaling Nancy A and Nancy A Houghtaling Trust
Source: Public Records
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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
Flegel Dylan $117,000 None Available
Houghtaling Nancy A -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2019 03/08/19 Sold $117,000 +1.8% --
01/13/2019 01/13/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $114,900 -- --
Source: MichRIC

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 $1,869 $94,750 $0 $0
2024 $833 $90,200 $0 $0
2023 $794 $83,550 $0 $0
2022 $3,957 $75,100 $0 $0
2021 $3,245 $68,200 $0 $0
2020 $3,229 $68,550 $0 $0
2019 $2,571 $58,800 $0 $0
2018 $0 $58,153 $0 $0
2017 $0 $59,276 $0 $0
2016 -- $54,950 $0 $0
2015 -- $54,119 $0 $0
2014 -- $52,212 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peggy Napier

    Seller's Agent in 2019

    Peggy Napier

    Berkshire Hathaway HomeServices MI

    (269) 207-2209

    1 in this area

    75 Total Sales

    Peggy Napier
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Map

Source: MichRIC

MLS Number: 19001161

MichRIC

APN: 02-35-435-300

Michigan Kalamazoo County Kalamazoo 49004

5251 Solvel St, Kalamazoo, MI

Not Listed for Sale

MultiFamily

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