NOT LISTED FOR SALE

Estimated Value: $133,000 - $160,000

4 Beds
2 Baths
-- Sq Ft
2,047 Sq Ft Lot

Last Sold August 07, 2024

Last sale price $145,000

Est. 1% decrease in value since last sale

Current estimated payment $896/month

54 Days on Market

Highlights

  • 1 Fireplace
  • Laundry Facilities
  • Wood Siding
  • Forced Air Heating System

About This Home

As of August 2024

Welcome to 708 W Vine St, a charming two-bedroom duplex in the heart of Kalamazoo's Vine Neighborhood. This delightful property offers cozy two-bedroom units, each featuring one bathroom. Located in the vibrant and historic Vine neighborhood, this duplex provides a perfect blend of historic charm and modern convenience. You'll be close to downtown Kalamazoo, Western Michigan University, and local shops and restaurants. Currently utilized as an investment property, 708 W Vine St has a solid history of tenancy, making it an attractive option for investors looking for reliable rental income. On-site laundry facilities are available for tenant convenience. The gas utility is split, allowing for the utility to be tenant responsibility. This property is currently City Certified to December 2024

Last Agent to Sell the Property

Amanda Cline

Lukeman Group LLC Listed on: 07/23/2024

Co-Listed By

Madison Lukeman

Lukeman Group LLC License #6501378321

Last Buyer's Agent

Joe Richards

Keller Williams Kalamazoo Market Center

Keller Williams Kalamazoo Market Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,736

Year Built

  • Built in 1905

Lot Details

  • 2,047 Sq Ft Lot
  • Lot Dimensions are 31x66

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

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

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for trash collection, electricity, water, sewer

Community Details

Building Details

  • Maintenance Expense $2,829
  • Manager Expense $1,834
  • Utility Expense $3,242
  • Gross Income $20,742
  • Net Operating Income $8,273

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,736

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 31x66
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1736.48
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: 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
  • Util Avail at Street:Cable2: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Common Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 149900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Laundry Features: Common Area, In Basement
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 31x66
  • Lot Size Sq Ft: 2047.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Gross Income: 20742.2
  • Maintenance Expense: 2829.08
  • Manager Expense: 1834.3
  • Net Operating Income: 8272.73
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1736.48
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Aug 5, 2024
Sold by
Kalamazoo Home Rentals Llc
Bought by
Hartmann Paul
Seller's Agent
Amanda Cline
Lukeman Group LLC
Buyer's Agent
Joe Richards
Keller Williams Kalamazoo Market Center
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%
Views
18
Current Estimated Value
$143,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,417
Avg. Annual Appreciation
1.35%

Purchase Details

Closed on
Mar 26, 2020
Sold by
Vulcan Home Rentals Llc
Bought by
Kalamazoo Home Rentals Llc

Purchase Details

Listed on
Dec 14, 2015
Closed on
Dec 30, 2015
Sold by
Ptacek Todd and Ptacek Brianne
Bought by
Vulcan Home Rentals
Seller's Agent
Greg Miller
Berkshire Hathaway HomeServices MI
Buyer's Agent
Jorie Aulston
Bellabay Realty LLC
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.66%

Purchase Details

Listed on
Nov 14, 2008
Closed on
Jan 27, 2012
Sold by
Hoffman Harold J and Hoffman Janet L
Bought by
Ptacek Todd P and Ptacek Brianne
Seller's Agent
Greg Miller
Berkshire Hathaway HomeServices MI
Buyer's Agent
Greg Miller
Berkshire Hathaway HomeServices MI
List Price
$59,900
Sold Price
$33,000
Premium/Discount to List
-$26,900
-44.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.43%
Original Mortgage
$24,750
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2011
Sold by
Hoffman Harold J and Hoffman Janet L
Bought by
Hoffman Harold J

Purchase Details

Closed on
Jun 8, 2006
Sold by
Hoffman Harold J and Dickerson Stephanie A
Bought by
Hsvine 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
Hartmann Paul $145,000 None Listed On Document
Kalamazoo Home Rentals Llc -- None Available
Vulcan Home Rentals $60,000 Essential Title Agency Llc
Ptacek Todd P $33,000 Chicago Title Company
Hoffman Harold J -- Chicago Title Company
Hoffman Harold J -- Chicago Title Company
Hsvine Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ptacek Todd P $24,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2024 08/07/24 Sold $145,000 -3.3% --
07/30/2024 07/30/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $149,900 0.0% --
06/18/2024 06/18/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $149,900 +149.8% --
12/30/2015 12/30/15 Sold $60,000 -7.7% -- View Prior Sale
12/18/2015 12/18/15 Pending -- -- --
12/14/2015 12/14/15 For Sale $65,000 +97.0% --
01/27/2012 01/27/12 Sold $33,000 -44.9% -- View Prior Sale
10/10/2011 10/10/11 Pending -- -- --
11/14/2008 11/14/08 For Sale $59,900 -- --
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 $1,586 $62,100 $0 $0
2024 $755 $55,000 $0 $0
2023 $719 $48,000 $0 $0
2022 $1,652 $41,100 $0 $0
2021 $1,597 $36,700 $0 $0
2020 $1,567 $32,800 $0 $0
2019 $1,510 $27,600 $0 $0
2018 $1,475 $24,800 $0 $0
2017 $1,444 $23,400 $0 $0
2016 $1,444 $21,200 $0 $0
2015 $1,444 $21,300 $0 $0
2014 $1,444 $20,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24028515

Southwestern Michigan Association of REALTORS®

APN: 06-21-281-006