NOT LISTED FOR SALE

5393 N Riverview Dr Kalamazoo, MI 49004

Estimated Value: $260,000 - $281,000

4 Beds
4 Baths
-- Sq Ft
0.41 Acres

Last Sold August 09, 2017

Last sale price $132,000

Est. 102% increase in value since last sale

Current estimated payment $1,788/month

70 Days on Market

About This Home

As of August 2017

Investor or owner occupied opportunity. Parchment schools with Cooper Township taxes. Side by side duplex, 960 sq ft each with full basement and attached garage. Identical units feature 2 bedrooms, 1 and a half baths, washer/dryer hook up and deck. Current rent $750 each with tenants paying all utilities and doing lawn care and snow removal. Easy to rent, or live on one side and rent the other to cover mortgage.

Last Agent to Sell the Property

Kate Anderson

Berkshire Hathaway HomeServices MI License #6501326146 Listed on: 04/11/2017

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Kate Anderson

Heritage Select, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,685

Year Built

  • Built in 1996

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 100x180

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • Septic System
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units
  • Insurance Expense $630

Listing and Financial Details

  • Tenant pays for water, trash collection, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,685

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1996
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 72.86
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100x180
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2685.0
  • Tax Info:Zoning3: R3
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Substructure:Full: 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 Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 139900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Size Sq Ft: 17990.0
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection, Gas

Multi Family

  • Insurance Expense: 630.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2685.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2017
Closed on
Aug 9, 2017
Sold by
Ade Bradley J and Ade Kristin M
Bought by
Kba Realty Llc
Seller's Agent
Kate Anderson
Berkshire Hathaway HomeServices MI
Buyer's Agent
Kate Anderson
Berkshire Hathaway HomeServices MI
List Price
$139,900
Sold Price
$132,000
Premium/Discount to List
-$7,900
-5.65%
Current Estimated Value
$267,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,000
Avg. Annual Appreciation
8.81%
Original Mortgage
$99,000
Outstanding Balance
$82,608
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$184,392

Purchase Details

Listed on
May 9, 2016
Closed on
Jul 8, 2016
Sold by
Nash Management Llc
Bought by
Suhr Laura and Suhr Sterling
Seller's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
Buyer's Agent
Kate Anderson
Berkshire Hathaway HomeServices MI
List Price
$144,500
Sold Price
$132,100
Premium/Discount to List
-$12,400
-8.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.07%

Purchase Details

Closed on
Feb 13, 2007
Sold by
Nash Jason H
Bought by
Nash Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2006
Sold by
Nash Jason H and Nash Howard F
Bought by
Nash Management Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kba Realty Llc -- Ask Services Inc
Ade Bradley J $132,000 Ask Services Inc
Suhr Laura $132,100 Ask Services Inc
Nash Management Llc -- Metropolitan
Nash Jason H -- Metropolitan
Nash Management Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ade Bradley J $99,000
Previous Owner Nash Jason H $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2017 08/09/17 Sold $132,000 -5.6% --
06/20/2017 06/20/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $139,900 +5.9% --
07/08/2016 07/08/16 Sold $132,100 -8.6% -- View Prior Sale
05/25/2016 05/25/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $144,500 -- --
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 $4,606 $120,450 $0 $0
2024 $873 $114,550 $0 $0
2023 $833 $100,500 $0 $0
2022 $4,141 $91,600 $0 $0
2021 $4,045 $82,500 $0 $0
2020 $4,068 $84,500 $0 $0
2019 $3,777 $70,300 $0 $0
2018 $0 $67,559 $0 $0
2017 $0 $68,377 $0 $0
2016 -- $51,349 $0 $0
2015 -- $51,269 $0 $0
2014 -- $49,112 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kate Anderson

    Berkshire Hathaway HomeServices MI

    Section Image

  • J

    Seller's Agent in 2016

    Jeff Bertolissi

    Berkshire Hathaway HomeServices MI

    (269) 342-5600

    1 in this area

    45 Total Sales

    Jeff Bertolissi
    Section Image
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Map

Source: MichRIC

MLS Number: 17015295

MichRIC

APN: 02-35-330-160

Michigan Kalamazoo County Kalamazoo 49004

5393 N Riverview Dr, Kalamazoo, MI

Not Listed for Sale

MultiFamily

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