NOT LISTED FOR SALE

6148 Fairgrove St Unit 6150 Kalamazoo, MI 49009

Estimated Value: $346,969 - $374,000

3 Beds
2 Baths
-- Sq Ft
0.39 Acres

Last Sold January 06, 2023

Last sale price $300,000

Est. 21% increase in value since last sale

Current estimated payment $2,204/month

41 Days on Market

About This Home

As of January 2023

Welcome to 6148 & 6150 Fairgrove! Rare opportunity on a great duplex with tremendous income potential. Located off Stadium Drive, near 131 and close to Western Michigan University, shopping, restaurants and businesses. Both units are in great shape. 6148 is 3 bed/3 bath, with a partially finished basement. 6150 has 2 beds/2 baths. Both units have 1,150 sq. ft. of spacious living space upstairs, full basements and one car garages. Don't miss out on this outstanding investment opportunity! Call 616-953-0731 for more information or to schedule a showing!

Last Agent to Sell the Property

Evan Beach

Key Realty License #6501401942 Listed on: 09/22/2022

Key Realty

Last Buyer's Agent

Mimi Asefa

Jaqua, REALTORS License #6501317345

Jaqua, REALTORS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,460

Year Built

  • Built in 1997

Lot Details

  • 0.39 Acre Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,869
  • Operating Expense $8,361
  • Net Operating Income $21,039

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,460

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 325000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Size Sq Ft: 16786.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 1869.0
  • Net Operating Income: 21039.0
  • Number of Units Total: 2
  • Operating Expense: 8361.0

Tax Info

  • Tax Annual Amount: 4460.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Shin May and Oo Than
Bought by
Shin May and Oo Than
Total Days on Market
41
Current Estimated Value
$363,242

Purchase Details

Listed on
Sep 22, 2022
Closed on
Jan 6, 2023
Sold by
Ruddy Randy S and Ruddy Gregory E
Bought by
May Shin and Than Oo Than
Seller's Agent
Evan Beach
Key Realty
Buyer's Agent
Mimi Asefa
Jaqua, REALTORS
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$202,063
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shin May -- Nations Title
May Shin $300,000 Ata National Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner May Shin $202,063
Previous Owner Ruddy Randy S $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $300,000 -7.7% --
11/02/2022 11/02/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $325,000 -- --
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
2024 $1,983 $184,900 $0 $0
2023 $1,227 $157,900 $0 $0
2022 $4,895 $166,800 $0 $0
2021 $4,675 $146,100 $0 $0
2020 $4,460 $125,800 $0 $0
2019 $4,230 $125,700 $0 $0
2018 $4,131 $110,600 $0 $0
2017 $0 $110,600 $0 $0
2016 -- $105,200 $0 $0
2015 -- $96,300 $19,300 $77,000
2014 -- $96,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Evan Beach

    Key Realty

    (989) 284-3265

    1 in this area

    72 Total Sales

    Evan Beach
    Section Image

  • M

    Buyer's Agent in 2023

    Mimi Asefa

    Jaqua, REALTORS

    (269) 372-3844

    4 in this area

    27 Total Sales

    Section Image

  • W

    Buyer's Agent in 2023

    W. Mimi Asefa

    Chuck Jaqua, REALTOR

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22040771

Southwestern Michigan Association of REALTORS®

APN: 05-26-287-072

Michigan Kalamazoo County Kalamazoo 49009

6148 Fairgrove St Unit 6150, Kalamazoo, MI

This home is located at 6148 Fairgrove St Unit 6150, Kalamazoo, MI 49009 since 22 September 2022 and is currently estimated at $363,242. This property was built in 1997. 6148 Fairgrove St Unit 6150 is a home located in Kalamazoo County with nearby schools including Prairie Ridge Elementary School, Maple Street Magnet School for the Arts, and Loy Norrix 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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