NOT LISTED FOR SALE

618 W Lovell St Kalamazoo, MI 49007

Central Business District Neighborhood

Estimated Value: $203,000 - $240,000

-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold January 19, 2017

Last sale price $125,000

Est. 80% increase in value since last sale

Current estimated payment $1,402/month

62 Days on Market

About This Home

As of January 2017

Located conveniently in the central city Lovell Stree corridor, this stately four-unit generates reliable tenant income. Currently vacant for the new investor's convenience, rents have been between $425 - $650. Coin-operated washer and dryer. Whole-home hot water heat system. Energy-efficient stucco exterior. This location could not be better for the colleges and downtown urban dwellers.

Last Agent to Sell the Property

Carl Phalin

Jaqua, REALTORS License #6506016268 Listed on: 10/01/2016

Jaqua, REALTORS

Last Buyer's Agent

Jason Sibley

Berkshire Hathaway HomeServices MI

Berkshire Hathaway HomeServices MI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,593

Year Built

  • Built in 1907

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 34 x 115

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,593

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1907
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 34 x 115
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2593.0
  • Tax Info:Zoning3: CO
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: 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 Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding, Stucco
  • List Price: 149900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920.0
  • Zoning Description: CO
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2593.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2016
Closed on
Jan 19, 2017
Sold by
Deditius James L and Deditius Sharon A
Bought by
Schafer Kenneth and Schafer Lynn
Seller's Agent
Carl Phalin
Jaqua, REALTORS
Buyer's Agent
Jason Sibley
Berkshire Hathaway HomeServices MI
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%
Current Estimated Value
$224,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,792
Avg. Annual Appreciation
7.09%
Original Mortgage
$100,000
Interest Rate
4.32%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 20, 2007
Sold by
Deditius Michael and Deditius James
Bought by
Deditius James L and Deditius Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2002
Sold by
Landreth Douglas R
Bought by
Deditius Michael and Deditius James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,460
Interest Rate
6.18%
Mortgage Type
FHA
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
Schafer Kenneth $125,000 Devon Title Company
Deditius James L -- Transnation
Deditius Michael $132,500 Devon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schafer Kenneth W $590,000
Closed Schafer Keneth $570,000
Closed Schafer Kenneth $100,000
Previous Owner Deditius James L $128,000
Previous Owner Deditius Michael $131,460
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2017 01/19/17 Sold $125,000 -16.6% --
12/02/2016 12/02/16 Pending -- -- --
10/01/2016 10/01/16 For Sale $149,900 -- --
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 $1,920 $101,900 $0 $0
2024 $1,920 $92,100 $0 $0
2023 $1,531 $80,100 $0 $0
2022 $3,116 $68,100 $0 $0
2021 $3,128 $61,600 $0 $0
2020 $2,957 $54,800 $0 $0
2019 $2,962 $45,700 $0 $0
2018 $3,626 $41,200 $0 $0
2017 $2,374 $38,800 $0 $0
2016 $2,374 $35,200 $0 $0
2015 $2,374 $35,300 $0 $0
2014 $2,374 $33,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carl Phalin

    Seller's Agent in 2017

    Carl Phalin

    Jaqua, REALTORS

    (269) 207-7783

    2 in this area

    74 Total Sales

    Section Image

  • J

    Buyer's Agent in 2017

    Jason Sibley

    Berkshire Hathaway HomeServices MI

    (269) 720-7722

    88 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16050509

Southwestern Michigan Association of REALTORS®

APN: 06-16-497-004

Michigan Kalamazoo County Kalamazoo 49007 Central Business District

618 W Lovell St, Kalamazoo, MI

This home is located at 618 W Lovell St, Kalamazoo, MI 49007 since 01 October 2016 and is currently estimated at $220,789. This property was built in 1907. 618 W Lovell St is a home located in Kalamazoo County with nearby schools including Woods Lake 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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