NOT LISTED FOR SALE

Estimated Value: $270,000 - $326,000

-- Bed
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

Last Sold July 06, 2015

Last sale price $138,000

Est. 118% increase in value since last sale

Current estimated payment $1,978/month

65 Days on Market

Highlights

  • 0.2 Acre Lot
  • Forced Air Heating System
  • 4-minute walk to Davis Field

About This Home

As of July 2015

This property is part of a portfolio and to be sold with the homes at 426 Pearl and 604 West Cedar. As a package, these homes have a potential of over $65,000 gross rent. This Multi-family property is in a great location near downtown Kalamazoo and located close to Western University and K college. The home consists of four 2 bedroom apartments which bring in a monthly income of $2175. Apartments 1 & 2 are rented thru August 2014.

Last Agent to Sell the Property

Patrick O'Brien

O'Brien Real Estate License #6502102326 Listed on: 03/02/2015

Last Buyer's Agent

Nate Miersma

West Michigan Real Estate Co. License #6501384017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1876

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 132

Parking

  • 19 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding
  • Vinyl Siding

Basement

  • Partial Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1876

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1876
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 X 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4451.0
  • Tax Info:Zoning3: RM-15
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: 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
  • Util Avail at Street:Cable2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 145000.0
  • 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
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 19.0
  • General Property Info:Total Parking Spaces: 19.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: RM-15
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4451.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2020
Sold by
Miersma Nathan M
Bought by
Patriots 3 Llc
Current Estimated Value
$301,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2015
Sold by
Miersma Nathan M and Miersma Danielle R
Bought by
Patriots Llc

Purchase Details

Listed on
Mar 2, 2015
Closed on
Jul 6, 2015
Sold by
The Darlene F Davis Living Trust
Bought by
Miersma Nathan M
Seller's Agent
Patrick O'Brien
O'Brien Real Estate
Buyer's Agent
Nate Miersma
West Michigan Real Estate Co.
List Price
$145,000
Sold Price
$138,000
Premium/Discount to List
-$7,000
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$103,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2012
Sold by
Davis Darlene F
Bought by
Davis Darlene F and The Darlene F Davis Living Trust
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
Patriots 3 Llc -- Devon Title Company
Miersma Nathan M -- None Available
Patriots Llc -- Devon Title Company
Miersma Nathan M $138,000 Devon Title Company
Davis Darlene F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Cedar Llc $100,000
Closed Miersma Nathan M $129,000
Previous Owner Miersma Nathan M $103,500
Previous Owner Davis Darlene F $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2015 07/06/15 Sold $138,000 -4.8% --
05/06/2015 05/06/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $145,000 -- --
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 $4,060 $160,900 $0 $0
2024 $4,060 $145,800 $0 $0
2023 $3,721 $125,500 $0 $0
2022 $4,106 $106,400 $0 $0
2021 $3,971 $96,400 $0 $0
2020 $3,896 $85,500 $0 $0
2019 $3,867 $71,100 $0 $0
2018 $3,981 $61,800 $0 $0
2017 $3,647 $58,100 $0 $0
2016 $3,647 $52,700 $0 $0
2015 $3,647 $52,900 $0 $0
2014 $3,647 $51,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15008402

Southwestern Michigan Association of REALTORS®

APN: 06-21-232-381