M
Seller's Agent in 2014
Mitchell Ward
Bellabay Realty LLC
(616) 240-8511
48 Total Sales
611 Oak St Kalamazoo, MI 49007
Vine NeighborhoodEstimated Value: $174,251 - $186,000
3
Beds
3
Baths
--
Sq Ft
4,356
Sq Ft Lot
About This Home
As of July 2014*Price Drop* (Seller is motivated and will consider offers!) INVESTOR SPECIAL! Less than one mile (0.7) from the entrance to Western Michigan University's main campus and less than one mile from downtown Kalamazoo's many great pubs, restaurants, and local entertainment. PRIME rental location! Three unit multi-family home that has never been vacant since owners purchased property in 2006. When there has been an opening, owner has had to turn off phone due to over eighty calls a day from interested tenants and it fills immediately. Currently all three units rented through 2015. Cash flow financials provided. After mortgage payment and all expenses are paid, owner is consistently realizing an excess of $650 profit monthly! Great ones like this are very hard to find! Owner has put a lot of w
Property Details
Home Type
- Apartment
Year Built
- Built in 1890
Lot Details
- 4,356
Parking
- 1 Parking Space
Home Design
- Composition Roof
- Wood Siding
Utilities
- Forced Air Heating System
- Natural Gas Connected
- Cable TV Available
Additional Features
- Michigan Basement
- 4,356 Sq Ft Lot
Community Details
- Operating Expense $858
- Gross Income $1,465
- Net Operating Income $607
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 20, 2021
Sold by
Baker Wesley J and Baker Rachel E
Bought by
Baker Holdings Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Outstanding Balance
$168,299
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$13,014
Purchase Details
Listed on
Sep 11, 2013
Closed on
Jul 25, 2014
Sold by
Olds Linda
Bought by
Baker Wesley J and Baker Rachel E
Seller's Agent
Mitchell Ward
Bellabay Realty LLC
Buyer's Agent
Adam Atwood
Five Star Real Estate
List Price
$85,000
Sold Price
$60,000
Premium/Discount to List
-$25,000
-29.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%
Purchase Details
Closed on
Oct 6, 2010
Sold by
Durham Sara
Bought by
Olds Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,675
Interest Rate
4.31%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 19, 2006
Sold by
Payne Properties Llc
Bought by
Durham Sara
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 |
|---|---|---|---|
| Baker Holdings Llc | -- | None Available | |
| Baker Wesley J | $60,000 | Ppr Title Agency | |
| Olds Linda | $56,900 | Chicago Title | |
| Durham Sara | $70,000 | Cass Cty Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Baker Holdings Llc | $186,000 | |
| Previous Owner | Olds Linda | $42,675 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/25/2014 07/25/14 | Sold | $60,000 | -29.4% | -- |
| 06/09/2014 06/09/14 | Pending | -- | -- | -- |
| 09/11/2013 09/11/13 | For Sale | $85,000 | -- | -- |
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 | $2,273 | $78,800 | $0 | $0 |
| 2024 | $942 | $71,300 | $0 | $0 |
| 2023 | $899 | $62,300 | $0 | $0 |
| 2022 | $2,065 | $53,000 | $0 | $0 |
| 2021 | $1,997 | $48,300 | $0 | $0 |
| 2020 | $1,959 | $43,000 | $0 | $0 |
| 2019 | $1,887 | $36,000 | $0 | $0 |
| 2018 | $1,843 | $31,000 | $0 | $0 |
| 2017 | $1,859 | $29,200 | $0 | $0 |
| 2016 | $1,859 | $26,500 | $0 | $0 |
| 2015 | $1,859 | $26,600 | $0 | $0 |
| 2014 | $1,859 | $26,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mitchell Ward
-
Adam Atwood
Buyer's Agent in 2014
Adam Atwood
Five Star Real Estate
(269) 377-4589
27 in this area
152 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 13053898
APN: 06-21-247-001
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