NOT LISTED FOR SALE

Estimated Value: $217,000 - $336,000

Studio
-- Bath
-- Sq Ft
6,270 Sq Ft Lot

Sale Details

Date Sold: July 30, 2013

Last sale price $92,000

Est. 187% increase in value since last sale

Current estimated payment $1,705 / mo

165 Days on Market

Highlights

  • 0.14 Acre Lot
  • Laundry Facilities
  • Wood Siding
  • Forced Air Heating System
  • High Speed Internet
  • 2-minute walk to Dutton Street Park

About This Home

As of July 2013

CLASSIC REVIVAL 4 UNIT in great downtown Kalamazoo location near Bronson Methodist Hospital. Perfect for owner occupant to live RENT FREE or income property showing a good return for many years. TEXT 62329 TO 79564 OR VISIT INFO. This quality building is very well maintained, features hardwood and ceramic floors, and is easy to lease with tenants paying own gas and electric. This Historic Retro building was designed as a four unit and has crown mouldings, double stairways, extra tall ceilings and has always had excellent care. Coin Op laundry for added income and tenant convenience, plus recent upgrades of newer kitchens, baths and furnaces. Professionally managed, City approved and certified and is usually fully leased. 1234 Egleston 4 unit could also be purchased with this property for a total of 8 apartments showing a great return on investment

Last Agent to Sell the Property

Dave Ash

RE/MAX Advantage License #6502361698 Listed on: 01/07/2013

Last Buyer's Agent

Matt Mulder

eXp Realty LLC License #6506048877

eXp Realty LLC
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 6,270 Sq Ft Lot
  • Lot Dimensions are 66 x 95

Home Design

  • Composition Roof
  • Rubber Roof
  • Wood Siding
  • Shingle Siding

Parking

  • 8 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Individual Gas Meter
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights

Listing and Financial Details

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

Community Details

Building Details

  • Insurance Expense $1,282
  • Utility Expense $370
  • Operating Expense $6,358
  • Gross Income $22,200
  • Net Operating Income $15,852

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

6,270 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • Year Built: 1870
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 34.45
  • General Property Info:Lot Dimensions: 66 x 95
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: Rm-36
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Driveway:Unpaved: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Mineral Rights:Yes: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Roofing:Rubber: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Tax Info:Seller_squote_s Annual Property Tax2: 2920.0
  • Util Avail at Street:High Speed Internet: Yes
  • Remarks Misc: Public Remarks: CLASSIC REVIVAL 4 UNIT in great downtown Kalamazoo location near Bronson Methodist Hospital. Perfect for owner occupant to live RENT FREE or income property showing a good return for many years. TEXT 62329 TO 79564 OR VISIT http://809srosest.epropertysites.com/indexGo2.htmFOR INFO. This quality building is very well maintained, features hardwood and ceramic floors, and is easy to lease with tenants paying own gas and electric. This Historic Retro building was designed as a four unit and has crown mouldings, double stairways, extra tall ceilings and has always had excellent care. Coin Op laundry for added income and tenant convenience, plus recent upgrades of newer kitchens, baths and furnaces. Professionally managed, City approved and certified and is usually fully leased. 1234 Egleston
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: No

Exterior Features

  • Construction Materials: Shingle Siding, Wood Siding
  • List Price: 99900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Waterfront: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Shingle Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 66 x 95
  • Lot Size Sq Ft: 6270.0
  • Zoning Description: Rm-36

Rental Info

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

Multi Family

  • Gross Income: 22200.0
  • Insurance Expense: 1282.0
  • Net Operating Income: 15852.0
  • Number of Units Total: 4
  • Operating Expense: 6358.0

Tax Info

  • Tax Annual Amount: 2920.0
  • Tax Year: 2012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2013
Closed on
Jul 30, 2013
Sold by
Bought by
Seller's Agent
Dave Ash
RE/MAX Advantage
Buyer's Agent
Matt Mulder
eXp Realty LLC
List Price
$99,900
Sold Price
$92,000
Premium/Discount to List
-$7,900
-7.91%
Current Estimated Value
$264,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,458
Avg. Annual Appreciation
8.41%
Original Mortgage
$69,000
Outstanding Balance
$12,567
Interest Rate
4.49%
Mortgage Type
New Conventional
Estimated Equity
$251,891

Purchase Details

Closed on
Oct 22, 2009
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$92,000 Nations Title Agency
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $69,000
Previous Owner $97,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/30/2013 07/30/13 Sold $92,000 -7.9% --
06/21/2013 06/21/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $99,900 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,047 $108,500 $0 $0
2025 $1,263 $105,200 $0 $0
2024 $1,226 $94,900 $0 $0
2023 $1,169 $82,900 $0 $0
2022 $2,683 $70,800 $0 $0
2021 $2,596 $64,200 $0 $0
2020 $2,546 $57,300 $0 $0
2019 $2,453 $48,000 $0 $0
2018 $2,396 $41,700 $0 $0
2017 $2,417 $39,300 $0 $0
2016 $2,417 $35,600 $0 $0
2015 $2,417 $35,800 $0 $0
2014 $2,417 $33,800 $0 $0
Source: Public Records

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Map

Source: MichRIC

MLS Number: 13001879

MichRIC

APN: 06-22-180-144

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