NOT LISTED FOR SALE

Estimated Value: $324,836 - $432,000

3 Beds
5 Baths
-- Sq Ft
0.59 Acres

Last Sold October 02, 2020

Last sale price $225,000

Est. 67% increase in value since last sale

Current estimated payment $2,438/month

11 Days on Market

Highlights

  • Hot Water Heating System
  • Wood Siding
  • 4-minute walk to West Main Park
  • Heating System Uses Steam

About This Home

As of October 2020

**MULTIPLE OFFERS** Highest and best due by Sunday Aug 16th at Noon. Smart investment opportunity with income of $38,880 for 2020-2021! This Victorian style 3 story home offers over 4,000 sq ft with 9 bedrooms, 3 full baths, 2 half baths, 2 kitchens, and a generous amount of living space. Home located within walking distance to Kalamazoo College, Western Michigan University and Downtown amenities. The parcel is over ½ acre with plenty of parking and 2 car detached garage. Property is city certified and leased through 2021.

Last Listed By

Kim Bowers

Jaqua, REALTORS License #6502358213 Listed on: 08/05/2020

Jaqua, REALTORS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,159

Year Built

  • Built in 1915

Lot Details

  • 0.59 Acre Lot

Parking

  • 12 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Radiant Heating System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 9 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,159

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 205000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 12.0

Utilities

  • Heating: Steam, Radiant, Hot Water
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.59
  • Lot Size Area: 0.59
  • Lot Size Sq Ft: 25700.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 9

Tax Info

  • Tax Annual Amount: 5159.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Oct 2, 2020
Sold by
Greiner Property Management Llc
Bought by
Minto Tomas and Deboer Joshua
Seller's Agent
Kim Bowers
Jaqua, REALTORS
Buyer's Agent
Maureen Kelly
Berkshire Hathaway HomeServices MI
List Price
$205,000
Sold Price
$225,000
Premium/Discount to List
$20,000
9.76%
Total Days on Market
11
Current Estimated Value
$375,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,209
Avg. Annual Appreciation
11.68%
Original Mortgage
$180,000
Outstanding Balance
$162,612
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$211,352

Purchase Details

Closed on
Mar 31, 2014
Sold by
Greiner Property Management Llc 2
Bought by
Greiner Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,000
Interest Rate
4.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 8, 2012
Closed on
Apr 24, 2012
Sold by
Consumer Credit Union
Bought by
Greiner David
Seller's Agent
Doug Post
The Lo Company, LLC
Buyer's Agent
Jim Hess
Jaqua, REALTORS
List Price
$89,900
Sold Price
$67,500
Premium/Discount to List
-$22,400
-24.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.02%

Purchase Details

Listed on
Jan 8, 2012
Closed on
Apr 18, 2012
Sold by
Obrien Patrick T and Obrien Mary C
Bought by
Consumers Credit Union
Seller's Agent
Doug Post
The Lo Company, LLC
Buyer's Agent
Jim Hess
Jaqua, REALTORS
List Price
$89,900
Sold Price
$67,500
Premium/Discount to List
-$22,400
-24.92%

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
Minto Tomas $225,000 American Ttl Co Of Washtenaw
Greiner Property Management Llc -- Liberty Title
Greiner David $67,500 Devon Title
Consumers Credit Union -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minto Tomas $180,000
Previous Owner Greiner Property Management Llc $2,650,000
Previous Owner Obrien Patrick T $1,336,819
Previous Owner Obrien Patrick T $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $225,000 +9.8% --
08/16/2020 08/16/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $205,000 +203.7% --
04/24/2012 04/24/12 Sold $67,500 -24.9% $17 / Sq Ft
03/15/2012 03/15/12 Pending -- -- --
01/08/2012 01/08/12 For Sale $89,900 -- $22 / Sq Ft
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
2024 $4,298 $197,200 $0 $0
2023 $4,097 $183,600 $0 $0
2022 $9,408 $147,600 $0 $0
2021 $9,099 $131,600 $0 $0
2020 $5,312 $120,300 $0 $0
2019 $5,160 $111,300 $0 $0
2018 $4,981 $97,000 $0 $0
2017 $4,982 $94,700 $0 $0
2016 $4,982 $90,000 $0 $0
2015 $4,982 $76,900 $0 $0
2014 $4,982 $68,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20031218

Southwestern Michigan Association of REALTORS®

APN: 06-16-409-130