NOT LISTED FOR SALE

Estimated Value: $170,000 - $237,903

5 Beds
4 Baths
-- Sq Ft
3,484 Sq Ft Lot

Last Sold March 27, 2019

Last sale price $131,000

Est. 53% increase in value since last sale

Current estimated payment $1,407/month

103 Days on Market

About This Home

As of March 2019

Fully occupied and well maintained 3-unit downtown Kalamazoo with many recent updates. Excellent rental history with no vacancy. Updated mechanicals, separated tenant paid main utilities. The 3 bedroom unit has a long term tenant priced under market rent, rate could be increased. Priced at ~9% Cap rate.

Last Agent to Sell the Property

Adam Atwood

Five Star Real Estate Listed on: 11/06/2018

Last Buyer's Agent

William Zehner

RE/MAX of Kalamazoo

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,076

Year Built

  • Built in 1885

Lot Details

  • 3,484 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Units
  • Gross Income $18,240

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,076

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 139900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3484.0
  • Zoning Description: RM-15
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 18240.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2075.73
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2018
Closed on
Mar 25, 2019
Sold by
Hickok Keith R and Hickok Andrea E
Bought by
Lorenzo Conan
Seller's Agent
Adam Atwood
Five Star Real Estate
Buyer's Agent
William Zehner
RE/MAX of Kalamazoo
List Price
$145,000
Sold Price
$131,000
Premium/Discount to List
-$14,000
-9.66%
Current Estimated Value
$200,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,726
Avg. Annual Appreciation
6.73%
Original Mortgage
$96,000
Outstanding Balance
$84,228
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$116,498

Purchase Details

Listed on
Jul 11, 2014
Closed on
Jul 2, 2015
Sold by
Wright Gerald and Wright Kim
Bought by
Hickok Keith R and Hickok Andrea E
Seller's Agent
Adam Atwood
Berkshire Hathaway HomeServices MI
Buyer's Agent
Adam Atwood
Five Star Real Estate
List Price
$89,900
Sold Price
$71,000
Premium/Discount to List
-$18,900
-21.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.79%

Purchase Details

Closed on
Aug 10, 2006
Sold by
Moilanen Matthew K
Bought by
Us Bank Na and Bear Stearns Asset Backed Securities 200

Purchase Details

Closed on
Aug 22, 2005
Sold by
Moilanen Matthew K
Bought by
Mch Llc

Purchase Details

Closed on
Mar 1, 2004
Sold by
Moilanen Matthew and Moilanen Matthew K
Bought by
Mch Llc
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
Lorenzo Conan $131,000 Devon Title Company
Hickok Keith R $71,000 Title Resource Agency
Us Bank Na $128,507 None Available
Mch Llc -- Devon Title
Moilanen Matthew K -- Devon Title
Mch Llc -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorenzo Conan $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2019 03/27/19 Sold $131,000 -9.7% --
02/17/2019 02/17/19 Pending -- -- --
11/06/2018 11/06/18 For Sale $145,000 +104.2% --
07/02/2015 07/02/15 Sold $71,000 -21.0% -- View Prior Sale
05/26/2015 05/26/15 Pending -- -- --
07/11/2014 07/11/14 For Sale $89,900 -- --
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 $4,116 $97,000 $0 $0
2024 $1,706 $87,200 $0 $0
2023 $1,626 $75,900 $0 $0
2022 $3,733 $64,500 $0 $0
2021 $3,611 $58,200 $0 $0
2020 $3,542 $51,500 $0 $0
2019 $2,222 $42,800 $0 $0
2018 $2,170 $36,700 $0 $0
2017 $2,203 $34,500 $0 $0
2016 $2,203 $31,200 $0 $0
2015 $2,203 $31,200 $0 $0
2014 $2,203 $29,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18053991

Southwestern Michigan Association of REALTORS®

APN: 06-21-282-008