NOT LISTED FOR SALE

909 Walwood Place Kalamazoo, MI 49007

Vine Neighborhood

Estimated Value: $183,000 - $236,000

-- Bed
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold December 31, 2020

Last sale price $125,000

Est. 67% increase in value since last sale

Current estimated payment $1,355/month

26 Days on Market

Highlights

  • 0.15 Acre Lot
  • High Speed Internet
  • 3-minute walk to Davis Field
  • Heating System Uses Steam

About This Home

As of December 2020

Great cash flowing duplex close to WMU. Identical top/bottom units that include 3 bedroom 1 bath. Plenty of parking for tenants.
Unit 1 current rents $925.
Unit 2 Vacant. Previously rented for $850
Owners are also selling 907 Walwood Place (Duplex) and 525 Axtell Street (4 unit).
Listing agent has ownership interest in the property.

Last Agent to Sell the Property

Jamin Olds

Bellabay Realty LLC License #6501387554 Listed on: 10/14/2020

Bellabay Realty LLC

Last Buyer's Agent

Adam Atwood

Five Star Real Estate License #6506047769

Five Star Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,884

Year Built

  • Built in 1934

Lot Details

  • 6,534

Parking

  • 4 Parking Spaces

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 6,534 Sq Ft Lot

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Insurance Expense $190
  • Maintenance Expense $1,060
  • Operating Expense $13,623
  • Gross Income $21,070
  • Net Operating Income $7,446

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,884

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 154900.0
  • Number of Buildings: 2
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6534.0
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 21070.0
  • Insurance Expense: 190.0
  • Maintenance Expense: 1060.0
  • Net Operating Income: 7446.0
  • Number of Units Total: 2
  • Operating Expense: 13623.0

Tax Info

  • Tax Annual Amount: 2884.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Dec 31, 2020
Sold by
Olds Jamie B and Tate Mike
Bought by
Schooley Jason
Seller's Agent
Jamin Olds
Bellabay Realty LLC
Buyer's Agent
Adam Atwood
Five Star Real Estate
List Price
$154,900
Sold Price
$125,000
Premium/Discount to List
-$29,900
-19.3%
Total Days on Market
26
Current Estimated Value
$209,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,159
Avg. Annual Appreciation
12.26%
Original Mortgage
$93,750
Outstanding Balance
$84,625
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$124,534

Purchase Details

Listed on
Nov 2, 2015
Closed on
Jan 11, 2016
Sold by
Skinner Jon D and Skinner Catherine O
Bought by
Olds Jamin B and Tate Mike
Seller's Agent
Gary Swartz
Berkshire Hathaway HomeServices MI
Buyer's Agent
Gary Swartz
Berkshire Hathaway HomeServices MI
List Price
$80,000
Sold Price
$74,000
Premium/Discount to List
-$6,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Original Mortgage
$102,400
Interest Rate
5.65%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Schooley Jason $125,000 Star Title Agency Llc
Olds Jamin B $74,000 Ask Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schooley Jason $93,750
Previous Owner Olds Jamin $102,400
Previous Owner Skinner Jon D $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $125,000 -19.3% --
11/09/2020 11/09/20 Pending -- -- --
10/14/2020 10/14/20 For Sale $154,900 +109.3% --
01/11/2016 01/11/16 Sold $74,000 -7.5% --
11/05/2015 11/05/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $80,000 -- --
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 $2,237 $102,300 $0 $0
2023 $2,132 $88,900 $0 $0
2022 $4,897 $75,500 $0 $0
2021 $4,848 $68,500 $0 $0
2020 $2,997 $60,700 $0 $0
2019 $2,886 $50,800 $0 $0
2018 $2,820 $43,500 $0 $0
2017 $2,329 $40,900 $0 $0
2016 $2,329 $37,900 $0 $0
2015 $2,329 $38,000 $0 $0
2014 $2,329 $35,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jamin Olds

    Bellabay Realty LLC

    (269) 364-6442

    3 in this area

    33 Total Sales

    Section Image
  • Adam Atwood

    Buyer's Agent in 2020

    Adam Atwood

    Five Star Real Estate

    (269) 377-4589

    27 in this area

    149 Total Sales

    Adam Atwood
    Section Image

  • G

    Seller's Agent in 2016

    Gary Swartz

    Berkshire Hathaway HomeServices MI

    (269) 342-5600

    1 in this area

    27 Total Sales

    Gary Swartz
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20043286

Southwestern Michigan Association of REALTORS®

APN: 06-21-253-004

Michigan Kalamazoo County Kalamazoo 49007 Vine

909 Walwood Place, Kalamazoo, MI

This home is located at 909 Walwood Place, Kalamazoo, MI 49007 since 14 October 2020 and is currently estimated at $209,159. This property was built in 1934. 909 Walwood Place is a home located in Kalamazoo County with nearby schools including Woods Lake Elementary School, Maple Street Magnet School for the Arts, and Loy Norrix 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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