NOT LISTED FOR SALE

747 Academy St Kalamazoo, MI 49007

Central Business District Neighborhood

Estimated Value: $856,000

-- Bed
1 Bath
-- Sq Ft
0.51 Acres

Last Sold May 19, 2021

Last sale price $575,000

Est. 49% increase in value since last sale

Current estimated payment $6,412/month

10 Days on Market

Highlights

  • 0.51 Acre Lot
  • High Speed Internet
  • 2-minute walk to West Main Park
  • Forced Air Heating System

About This Home

As of May 2021

8 Unit Multi-Family located Downtown Kalamazoo and close to WMU and K-College. Comprised of (7) 2-Bedroom units and (1) 1-bedroom unit. City Certified thru 1/31/22. Property includes the adjacent 820 West South Street which is the parking area for the building. Coin operated laundry in lower level. Gas and Electric separately metered. Hardwood floors throughout. Storm windows with screens. Units 2-8 have central A/C. Buyers will only be shown 3 units (Units TBD) that are representative of the building to minimize tenant interruption. After offer is accepted Buyer will have access to remaining units during their inspection time frame. Showings will be permitted thru 4/16/21 with Highest and best due 4/17/21 @ 5PM.

Last Agent to Sell the Property

Douglas Post

The Lo Company, LLC License #6502366056 Listed on: 04/08/2021

Last Buyer's Agent

Adam Atwood

Five Star Real Estate License #6506047769

Five Star Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,911

Year Built

  • Built in 1925

Lot Details

  • 0.51

Parking

  • 36 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Wall Furnace
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Natural lighting in basement
  • 0.51 Acre Lot

Community Details

  • 8 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,911

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight

Exterior Features

  • Construction Materials: Brick
  • List Price: 499900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber

Garage/Parking

  • Total Parking Spaces: 36.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.51
  • Lot Size Area: 0.51
  • Lot Size Sq Ft: 22128.0
  • Zoning Description: CC
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 11910.58
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2022
Sold by
Kenmore Llc
Bought by
Kenmore Llc
Current Estimated Value
$856,000

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 15, 2021
Sold by
Jbs Academy Apartments Llc
Bought by
Kenmore Llc
Seller's Agent
Douglas Post
The Lo Company, LLC
Buyer's Agent
Adam Atwood
Five Star Real Estate
List Price
$499,900
Sold Price
$575,000
Premium/Discount to List
$75,100
15.02%

Purchase Details

Listed on
Aug 7, 2012
Closed on
Mar 1, 2013
Sold by
Consumers Credit Union
Bought by
Jbs Adacemy Apartments Llc
Seller's Agent
Doug Post
The Lo Company, LLC
Buyer's Agent
Suzanne Sloan
Five Star Real Estate
List Price
$349,900
Sold Price
$276,100
Premium/Discount to List
-$73,800
-21.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%
Original Mortgage
$220,880
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2012
Sold by
Hoover Gregory R and Hoover Anne C
Bought by
Consumers Credit Union

Purchase Details

Closed on
Aug 14, 2008
Sold by
Kowske William J
Bought by
Hoover Gregory R and Hoover Anne C

Purchase Details

Closed on
Jul 7, 2004
Sold by
Adelheid Apartments Llc
Bought by
Hoover Gregory R and Hoover Anne C
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
Kenmore Llc -- None Listed On Document
Kenmore Llc $575,000 Devon Title Comapny
Jbs Adacemy Apartments Llc $276,100 Devon Title
Consumers Credit Union -- Attorneys Title
Hoover Gregory R -- Attorneys Title
Hoover Gregory R -- Devon
Kowske William J -- Devon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jbs Adacemy Apartments Llc $220,880
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $575,000 +15.0% --
04/18/2021 04/18/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $499,900 +81.1% --
03/01/2013 03/01/13 Sold $276,100 -21.1% --
01/09/2013 01/09/13 Pending -- -- --
08/07/2012 08/07/12 For Sale $349,900 -- --
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 $22,479 $328,300 $0 $0
2024 $9,315 $325,900 $0 $0
2023 $8,878 $384,300 $0 $0
2022 $20,387 $294,600 $0 $0
2021 $10,128 $269,300 $0 $0
2020 $9,937 $242,800 $0 $0
2019 $9,570 $226,100 $0 $0
2018 $9,349 $195,400 $0 $0
2017 $9,429 $185,300 $0 $0
2016 $9,429 $144,200 $0 $0
2015 $9,429 $142,600 $0 $0
2014 $9,429 $135,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Douglas Post

    Seller's Agent in 2021

    Douglas Post

    The Lo Company, LLC

    (269) 492-2700

    1 in this area

    38 Total Sales

    Douglas Post
    Section Image
  • Adam Atwood

    Buyer's Agent in 2021

    Adam Atwood

    Five Star Real Estate

    (269) 377-4589

    2 in this area

    151 Total Sales

    Adam Atwood
    Section Image

  • D

    Seller's Agent in 2013

    Doug Post

    The Lo Company, LLC

  • Suzanne Sloan

    Buyer's Agent in 2013

    Suzanne Sloan

    Five Star Real Estate

    (269) 720-1206

    71 Total Sales

    Suzanne Sloan
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21011418

Southwestern Michigan Association of REALTORS®

APN: 06-16-464-001

Michigan Kalamazoo County Kalamazoo 49006 Central Business District

747 Academy St, Kalamazoo, MI

This home is located at 747 Academy St, Kalamazoo, MI 49007 since 08 April 2021 and is currently priced at $856,000. This property was built in 1925. 747 Academy 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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