NOT LISTED FOR SALE

531 Wallace Ave Kalamazoo, MI 49048

Eastside Neighborhood

Estimated Value: $126,494 - $168,000

2 Beds
1 Bath
871 Sq Ft
$167/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $31,000 $36 Per Sq Ft

Est. 343% increase in value since last sale

Current estimated payment $813/month

Highlights

  • Recreation Room
  • 1 Car Detached Garage
  • Living Room
  • Sun or Florida Room
  • Porch
  • 3-minute walk to Sherwood Park

About This Home

As of February 2020

2 Bedroom, 1 bath bungalow built in 1925 located in Kalamazoo. This home offers a large spacious back yard, with a screened in porch attached to the Garage that was built in 1958. This would make a cute starter home or great for someone that wants to downsize.

Last Agent to Sell the Property

Tammy Waller

Location Realty License #6502369515 Listed on: 02/19/2020

Last Buyer's Agent

Jessi Szatkowski

Berkshire Hathaway HomeServices MI

Berkshire Hathaway HomeServices MI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $730

Year Built

  • Built in 1925

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 66 x 215
  • Property is zoned 401-res, 401-res

Parking

  • 1 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Wood Siding

Interior Spaces

  • 871 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Recreation Room
  • Sun or Florida Room
  • Basement
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$730

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1925
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 x 215
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 871.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 730.01
  • Tax Info:Zoning3: 401-res
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 871.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 871.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 633.0

Exterior Features

  • Construction Materials: Wood Siding
  • Exterior Features: 3 Season Room
  • List Price: 39000.0
  • Patio and Porch Features: Porch(es)
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Features 3 Season Room: Yes
  • Patio and Porch Features:Porch(es): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Dimensions: 66 x 215
  • Lot Size Sq Ft: 14374.0
  • Zoning Description: 401-res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 730.01
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
Feb 21, 2020
Sold by
Fannie Mae
Bought by
Partnership Housing Llc
Seller's Agent
Tammy Waller
Location Realty
Buyer's Agent
Jessi Szatkowski
Berkshire Hathaway HomeServices MI
List Price
$45,000
Sold Price
$31,000
Premium/Discount to List
-$14,000
-31.11%
Current Estimated Value
$137,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,456
Avg. Annual Appreciation
30.84%

Purchase Details

Closed on
Mar 1, 2018
Sold by
Shannon Lee Anna and Kennedy Lee Anna
Bought by
Fannie Mae and Federal National Mortgage Association
Source: Public Records

Range of Values:

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Average Value
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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
Partnership Housing Llc $31,000 Best Homes Title Agency Llc
Partnership Housing Llc $31,000 Attorneys Title
Fannie Mae $36,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shannon Lee Anna $97,350
Previous Owner Shannon Lee Anna $6,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $31,000 -31.1% $36 / Sq Ft
02/19/2020 02/19/20 For Sale $45,000 -- $52 / Sq Ft
02/01/2020 02/01/20 Pending -- -- --
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
2025 $732 $36,500 $0 $0
2024 $732 $30,600 $0 $0
2023 $697 $28,200 $0 $0
2022 $1,601 $24,600 $0 $0
2021 $1,549 $22,400 $0 $0
2020 $1,262 $20,600 $0 $0
2019 $1,215 $18,000 $0 $0
2018 $727 $17,700 $0 $0
2017 $747 $18,100 $0 $0
2016 $747 $16,200 $0 $0
2015 $747 $16,200 $0 $0
2014 $747 $15,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tammy Waller

    Seller's Agent in 2020

    Tammy Waller

    Location Realty

    (269) 838-2428

    1 in this area

    97 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    Jessi Szatkowski

    Berkshire Hathaway HomeServices MI

    (989) 464-2943

    1 in this area

    94 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    Jessica Szatkowski

    Keller Williams Kalamazoo Market Center

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20001784

Southwestern Michigan Association of REALTORS®

APN: 06-14-269-003

Michigan Kalamazoo County Kalamazoo 49048 Eastside

531 Wallace Ave, Kalamazoo, MI

This home is located at 531 Wallace Ave, Kalamazoo, MI 49048 since 19 February 2020 and is currently estimated at $145,874, approximately $167 per square foot. This property was built in 1925. 531 Wallace Ave is a home located in Kalamazoo County with nearby schools including Northeastern Elementary School, Linden Grove Middle School, and Kalamazoo Central 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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