$172,500
SOLD MAY 11, 2012

911 W South St Kalamazoo, MI 49007

Central Business District Neighborhood
-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Recently Sold

22% Below List Price

68 Days on Market

About This Home

As of August 2016

What a great location for this five unit apartment building which was built for this purpose. Four 2-bedroom units and one 1-bedroom unit. Lots of updates have been made including all hardwood floors refinished, all bathrooms redone, kitchen updated with new countertops, floors & dishwashers, new roof in 2007, original windows were reconditioned and reglazed, all plaster walls & ceilings repaired, electric upgraded to circuit breakers, new water heater in 2011, all stoves and refrigerators are newer. Additional storage for tenants in basement along with washer and coin-operated dryer and a work shop. Rental certificate of compliance is good through 11/11/14. Note: Square footage does not include the basement.

Last Agent to Sell the Property

Bob Oudsema

Berkshire Hathaway HomeServices MI License #6502335206 Listed on: 02/29/2012

Berkshire Hathaway HomeServices MI

Co-Listed By

Diane Bornhorst

Berkshire Hathaway HomeServices MI License #6501212733

Last Buyer's Agent

Emily Parfet

Berkshire Hathaway HomeServices MI License #6501370386

Berkshire Hathaway HomeServices MI

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1929

Parking

  • 9 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Heating System Uses Steam
  • Cable TV Available

Community Details

  • Insurance Expense $2,500
  • Operating Expense $14,300
  • Gross Income $42,000
  • Net Operating Income $27,700

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1929
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 189900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 9.0

Utilities

  • Heating: Steam
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Rental Info

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

Multi Family

  • Gross Income: 42000.0
  • Insurance Expense: 2500.0
  • Net Operating Income: 27700.0
  • Operating Expense: 14300.0

Tax Info

  • Tax Annual Amount: 5731.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Aug 16, 2016
Sold by
Great Lakes Rentals Llc
Bought by
Property Care One Llc
Seller's Agent
Brian Schultz
Callander Commercial
Buyer's Agent
Jill Bertolissi
Berkshire Hathaway HomeServices MI
List Price
$249,000
Sold Price
$235,000
Premium/Discount to List
-$14,000
-5.62%
Current Estimated Value
$372,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,068
Avg. Annual Appreciation
5.28%

Purchase Details

Listed on
Sep 1, 2015
Closed on
Nov 11, 2015
Sold by
911 South Street Llc
Bought by
Great Lakes Rentals Llc
Seller's Agent
Brian Schultz
Callander Commercial
Buyer's Agent
Brian Schultz
Callander Commercial
List Price
$285,000
Sold Price
$220,000
Premium/Discount to List
-$65,000
-22.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.07%

Purchase Details

Listed on
Feb 29, 2012
Closed on
Jul 6, 2012
Sold by
Emmers Properties Llc
Bought by
911 South Street Llc
Seller's Agent
Bob Oudsema
Berkshire Hathaway HomeServices MI
Buyer's Agent
Emily Parfet
Berkshire Hathaway HomeServices MI
List Price
$219,900
Sold Price
$172,500
Premium/Discount to List
-$47,400
-21.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%

Purchase Details

Listed on
Feb 29, 2012
Closed on
May 14, 2012
Sold by
Field Gregory V
Bought by
Emmers Properties Llc
Seller's Agent
Bob Oudsema
Berkshire Hathaway HomeServices MI
Buyer's Agent
Emily Parfet
Berkshire Hathaway HomeServices MI
List Price
$219,900
Sold Price
$172,500
Premium/Discount to List
-$47,400
-21.56%
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 Type Sale Price Title Company
Warranty Deed $235,000 First American Title Ins Co
Warranty Deed $220,000 First American Title
Quit Claim Deed -- Ppr Title Agency
Deed $172,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $163,593 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $235,000 -5.6% --
08/02/2016 08/02/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $249,000 +13.2% --
11/13/2015 11/13/15 Sold $220,000 -22.8% --
10/30/2015 10/30/15 Pending -- -- --
09/01/2015 09/01/15 For Sale $285,000 +65.2% --
05/11/2012 05/11/12 Sold $172,500 -21.6% --
05/07/2012 05/07/12 Pending -- -- --
02/29/2012 02/29/12 For Sale $219,900 -- --
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 $2,219 $179,900 $0 $0
2024 $2,219 $162,500 $0 $0
2023 $2,115 $140,700 $0 $0
2022 $4,857 $118,800 $0 $0
2021 $4,698 $107,000 $0 $0
2020 $4,609 $94,400 $0 $0
2019 $4,439 $77,900 $0 $0
2018 $4,337 $67,000 $0 $0
2017 $3,804 $62,900 $0 $0
2016 $3,804 $57,000 $0 $0
2015 $3,804 $57,200 $0 $0
2014 $3,804 $53,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Brian Schultz

    Callander Commercial

    Section Image

  • J

    Buyer's Agent in 2016

    Jill Bertolissi

    Berkshire Hathaway HomeServices MI

    (269) 207-7600

    24 Total Sales

    Section Image
  • Bob Oudsema

    Seller's Agent in 2012

    Bob Oudsema

    Berkshire Hathaway HomeServices MI

    (269) 488-0235

    3 in this area

    26 Total Sales

    Section Image
  • Diane Bornhorst

    Seller Co-Listing Agent in 2012

    Diane Bornhorst

    Berkshire Hathaway HomeServices MI

    (269) 491-5666

    1 in this area

    68 Total Sales

    Section Image

  • E

    Buyer's Agent in 2012

    Emily Parfet

    Berkshire Hathaway HomeServices MI

    (269) 270-3289

    1 in this area

    36 Total Sales

    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12011007

Southwestern Michigan Association of REALTORS®

APN: 06-16-473-003

Michigan Kalamazoo County Kalamazoo 49007 Central Business District

911 W South St, Kalamazoo, MI

This home is located at 911 W South St, Kalamazoo, MI 49007 and is currently priced at $172,500. This property was built in 1929. 911 W South 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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