$128,500
SOLD DEC 13, 2021
-- Bed
-- Bath
-- Sq Ft
5,401 Sq Ft Lot

Recently Sold

3% Above List Price

3 Days on Market

About This Home

As of July 2023

Welcome to this professionally managed duplex in the historic Vine neighborhood. Both units are occupied with good, responsible tenants who plan to continue with their leases. The welcoming front porch leads to a common entryway to the two units. There is also a separate entrance to the main floor unit located at the rear of the home (the main floor tenant currently uses the rear entrance). Inside you will find lots of character and charm!

Last Agent to Sell the Property

Jason Veenstra

eXp Realty LLC License #6501360365 Listed on: 11/16/2021

eXp Realty LLC

Last Buyer's Agent

Chad Vanderwall

Kalamazoo Commercial Real Estate License #6501408305

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,943

Year Built

  • Built in 1911

Lot Details

  • 5,401 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $10,456
  • Gross Income $16,414
  • Net Operating Income $5,958

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,943

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 124914.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5401.0
  • Zoning Description: 07
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 16414.0
  • Net Operating Income: 5958.0
  • Number of Units Total: 2
  • Operating Expense: 10456.0

Tax Info

  • Tax Annual Amount: 1943.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Jul 20, 2023
Sold by
Koryto Cole C and Koryto John F
Bought by
Kimberly A Nolan Revocable Living Trust
Seller's Agent
Scott Fader
JOSEPH WALTER REALTY LLC - I
Buyer's Agent
Edward Solis
Progressive Alternatives Real Estate
List Price
$149,900
Sold Price
$152,000
Premium/Discount to List
$2,100
1.4%
Views
22
Current Estimated Value
$163,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,650
Avg. Annual Appreciation
3.48%

Purchase Details

Closed on
Jul 21, 2022
Sold by
Kor Investments Llc
Bought by
Koryto Cole C and Koryto Cole C

Purchase Details

Listed on
Nov 16, 2021
Closed on
Dec 13, 2021
Sold by
Dustin Spero
Bought by
Kor Investments Llc
Seller's Agent
Jason Veenstra
eXp Realty LLC
Buyer's Agent
Chad Vanderwall
Kalamazoo Commercial Real Estate
List Price
$124,914
Sold Price
$128,500
Premium/Discount to List
$3,586
2.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%

Purchase Details

Closed on
Apr 23, 2021
Sold by
Spero Dustin
Bought by
Spero Holdings Llc

Purchase Details

Closed on
Jun 4, 2020
Sold by
Estey Dale and Estey Carol
Bought by
Spero Dustin
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $152,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $128,500 Chicago Title
Interfamily Deed Transfer -- None Available
Warranty Deed $47,000 Chicago Title Of Mi Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $52,500 New Conventional
Previous Owner $43,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $152,000 +1.4% --
07/13/2023 07/13/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $149,900 +16.7% --
12/13/2021 12/13/21 Sold $128,500 +2.9% --
11/19/2021 11/19/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $124,914 -- --
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 $1,933 $74,500 $0 $0
2024 $1,933 $67,400 $0 $0
2023 $1,693 $59,000 $0 $0
2022 $3,502 $50,600 $0 $0
2021 $3,201 $46,300 $0 $0
2020 $1,952 $41,400 $0 $0
2019 $1,880 $34,900 $0 $0
2018 $2,219 $30,900 $0 $0
2017 $1,888 $29,200 $0 $0
2016 $1,888 $26,400 $0 $0
2015 $1,888 $26,500 $0 $0
2014 $1,888 $26,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21115374

Southwestern Michigan Association of REALTORS®

APN: 06-21-446-004