NOT LISTED FOR SALE

527 W Cedar St Kalamazoo, MI 49007

Vine Neighborhood

Estimated Value: $171,000 - $282,000

-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Last Sold April 05, 2023

Last sale price $120,000

Est. 86% increase in value since last sale

Current estimated payment $1,680/month

Highlights

  • 0.13 Acre Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of April 2023

Great investment opportunity for a 3 unit apartment building with separate gas and electric meters for each unit. Seller is paying all utilities on the Month-to Month leases at this time-The leases and rental rates could be reviewed and adjusted accordingly to generate additional income, since the units are separately metered. Seller has several additional multi-unit buildings and MAY consider a package deal
sold ''AS IS''

Last Agent to Sell the Property

Bonnie Gronado

i-VEST Real Estate Group License #6502348468 Listed on: 02/21/2023

Last Buyer's Agent

Joe Lukeman

Lukeman Group LLC License #6501349281

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 66 x 82.5
  • Flag Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement

Utilities

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

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $941
  • Maintenance Expense $3,277
  • Manager Expense $1,336
  • Utility Expense $4,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1870
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 x 82.5
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3160.0
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Lot Description:Flag Lot: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 149900.0
  • Lot Features: Flag Lot
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5663.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Insurance Expense: 941.0
  • Maintenance Expense: 3277.0
  • Manager Expense: 1336.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3160.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
Apr 6, 2023
Sold by
Dth Rentals Llc
Bought by
Go West Investments Llc
Seller's Agent
Bonnie Gronado
i-VEST Real Estate Group
Buyer's Agent
Joe Lukeman
Lukeman Group LLC
List Price
$149,900
Sold Price
$120,000
Premium/Discount to List
-$29,900
-19.95%
Current Estimated Value
$223,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,014
Avg. Annual Appreciation
27.39%
Original Mortgage
$20,000
Outstanding Balance
$19,512
Interest Rate
7.3%
Mortgage Type
Seller Take Back
Estimated Equity
$203,502

Purchase Details

Closed on
Nov 22, 2017
Sold by
Hp Seven Enterprieses Llc
Bought by
Dtc Renotals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 25, 2013
Closed on
May 28, 2013
Sold by
Durham Sara
Bought by
Hp Seven Enterprises Llc
Seller's Agent
Jill Bertolissi
Berkshire Hathaway HomeServices MI
Buyer's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
List Price
$74,900
Sold Price
$60,000
Premium/Discount to List
-$14,900
-19.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.15%

Purchase Details

Closed on
Jul 19, 2006
Sold by
Wilke Gary S and Wilke Deborah D
Bought by
Durham Sara
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
Go West Investments Llc $120,000 None Listed On Document
Dtc Renotals Llc $80,000 None Available
Hp Seven Enterprises Llc $60,000 Ppr Title Agency
Durham Sara $90,000 Devon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Go West Investments Llc $20,000
Open Go West Investments Llc $135,000
Previous Owner Dtc Renotals Llc $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2023 04/05/23 Sold $120,000 -19.9% --
02/21/2023 02/21/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $149,900 +149.8% --
05/28/2013 05/28/13 Sold $60,000 -19.9% -- View Prior Sale
04/25/2013 04/25/13 For Sale $74,900 -- --
04/24/2013 04/24/13 Pending -- -- --
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 $6,153 $98,200 $0 $0
2024 $2,550 $88,900 $0 $0
2023 $1,137 $77,300 $0 $0
2022 $3,083 $66,000 $0 $0
2021 $2,524 $60,300 $0 $0
2020 $2,807 $53,800 $0 $0
2019 $3,404 $45,200 $0 $0
2018 $2,443 $39,100 $0 $0
2017 $2,516 $36,900 $0 $0
2016 $2,516 $33,500 $0 $0
2015 $2,516 $33,600 $0 $0
2014 $2,516 $33,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Bonnie Gronado

    i-VEST Real Estate Group

    (269) 232-7771

    5 in this area

    42 Total Sales

    Bonnie Gronado
    Section Image

  • J

    Buyer's Agent in 2023

    Joe Lukeman

    Lukeman Group LLC

    (269) 598-6567

    37 in this area

    69 Total Sales

    Joe Lukeman
    Section Image

  • J

    Seller's Agent in 2013

    Jill Bertolissi

    Berkshire Hathaway HomeServices MI

    (269) 207-7600

    6 in this area

    27 Total Sales

    Jill Bertolissi
    Section Image

  • J

    Buyer's Agent in 2013

    Jeff Bertolissi

    Berkshire Hathaway HomeServices MI

    (269) 342-5600

    2 in this area

    46 Total Sales

    Jeff Bertolissi
    Section Image

  • J

    Buyer's Agent in 2013

    Jeffrey Bertolissi

    Prudential Preferred, REALTORS

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Map

Source: MichRIC

MLS Number: 23005158

MichRIC

APN: 06-21-238-003

Michigan Kalamazoo County Kalamazoo 49007 Vine

527 W Cedar St, Kalamazoo, MI

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