M
Seller's Agent in 2023
Madison Lukeman
Lukeman Group LLC
(269) 254-8561
28 in this area
54 Total Sales
529 Wheaton Ave Kalamazoo, MI 49008
Vine NeighborhoodEstimated Value: $302,000 - $372,118
4
Beds
4
Baths
--
Sq Ft
0.3
Acres
Highlights
- 0.3 Acre Lot
- Forced Air Heating and Cooling System
- 1-minute walk to S Westnedge Park
- 1 Fireplace
- Wood Siding
About This Home
As of November 2023Rare, Vine Neighborhood 5-unit building on desirable Wheaton Ave. This recently renovated multi-unit building offers a large lot with plenty of off-street parking and a 4-stall garage. These updates have allowed the current owner to increase tenant desirability and income.
Unit 1 is a 3 bedroom, 2 full bathroom apartment with approximately 1,100 sqft. Units 2-5 are a mix of studios to 1 bedroom ranging from 600- 800 sqft. Seller completed City Certification and legalized Unit 1 as a 3-bedroom unit (egress window in finished space in the basement). There are two furnaces and two central AC units.
Additional opportunities for a new owner to increase income include RUBS, 4-stall garage conversion to rental space/storage units (est. $100 per unit post-renovation), and a coin-op washer 529 Wheaton & 712-714 W Lovell (mls#23137180) to be sold in a portfolio package together.
Last Agent to Sell the Property
Lukeman Group LLC License #6501378321 Listed on: 09/07/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,275
Year Built
- Built in 1889
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 66x198
Home Design
- Wood Siding
Interior Spaces
- 1 Fireplace
- Walk-Out Basement
Parking
- 5 Parking Spaces
- Unpaved Driveway
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- The owner pays for trash collection, electricity, water, sewer, gas
Community Details
Overview
- 5 Units
Building Details
- Insurance Expense $2,018
- Utility Expense $5,100
- Gross Income $56,160
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 7, 2023
Closed on
Nov 1, 2023
Sold by
529 Wheaton Avenue Llc
Bought by
529 Wheaton Avenue Llc
Seller's Agent
Madison Lukeman
Lukeman Group LLC
Buyer's Agent
Madison Lukeman
Lukeman Group LLC
List Price
$399,000
Sold Price
$355,000
Premium/Discount to List
-$44,000
-11.03%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,434
Avg. Annual Appreciation
-4.23%
Purchase Details
Listed on
Mar 22, 2022
Closed on
Jun 17, 2022
Sold by
Wheaton St Llc
Bought by
529 Wheaton Avenue Llc
Seller's Agent
Missy Dahlinger
Berkshire Hathaway HomeServices MI
Buyer's Agent
Madison Lukeman
Lukeman Group LLC
List Price
$290,000
Sold Price
$290,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.78%
Original Mortgage
$232,000
Interest Rate
5.09%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 27, 2019
Closed on
Apr 23, 2019
Sold by
Family Apartments Llc
Bought by
Wheaton St Llc
Seller's Agent
Jessica Ward
Advanced Realty Global
Buyer's Agent
Missy Dahlinger
Berkshire Hathaway HomeServices MI
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%
Purchase Details
Closed on
Jan 15, 2016
Sold by
Taylor Thomas E and Nichols Deborah A
Bought by
Family Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,997
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 31, 2015
Sold by
Mendez Adan and Mendez Celina
Bought by
Family Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,997
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 529 Wheaton Avenue Llc | $355,000 | None Listed On Document | |
| 529 Wheaton Avenue Llc | $290,000 | Devon Title Agency | |
| Wheaton St Llc | $200,000 | None Available | |
| Family Apartments Llc | $159,900 | Chicago Title Company | |
| Family Apartments Llc | -- | Chicago Title Company | |
| Family Apartments Llc | -- | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 529 Wheaton Avenue Llc | $232,000 | |
| Previous Owner | Family Apartments Llc | $79,997 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2023 11/01/23 | Sold | $355,000 | -11.0% | -- |
| 10/07/2023 10/07/23 | Pending | -- | -- | -- |
| 09/07/2023 09/07/23 | For Sale | $399,000 | +37.6% | -- |
| 06/17/2022 06/17/22 | Sold | $290,000 | 0.0% | -- |
| 03/22/2022 03/22/22 | For Sale | $290,000 | +45.0% | -- |
| 03/17/2022 03/17/22 | Pending | -- | -- | -- |
| 04/25/2019 04/25/19 | Sold | $200,000 | -4.8% | -- |
| 04/07/2019 04/07/19 | Pending | -- | -- | -- |
| 01/27/2019 01/27/19 | For Sale | $210,000 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $3,921 | $151,200 | $0 | $0 |
| 2024 | $3,921 | $136,700 | $0 | $0 |
| 2023 | $3,418 | $119,100 | $0 | $0 |
| 2022 | $6,079 | $101,500 | $0 | $0 |
| 2021 | $5,850 | $91,900 | $0 | $0 |
| 2020 | $5,971 | $81,800 | $0 | $0 |
| 2019 | $3,505 | $68,500 | $0 | $0 |
| 2018 | $3,424 | $59,700 | $0 | $0 |
| 2017 | $2,650 | $56,300 | $0 | $0 |
| 2016 | $2,650 | $51,100 | $0 | $0 |
| 2015 | $2,650 | $51,300 | $0 | $0 |
| 2014 | $2,650 | $48,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2022
Missy Dahlinger
Berkshire Hathaway HomeServices MI
(269) 358-3800
20 in this area
71 Total Sales
-
Seller's Agent in 2019
Jessica Ward
Advanced Realty Global
(269) 352-8455
43 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 23133051
APN: 06-21-433-011
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