2 months on rocket

232 E Michigan Ave, Kalamazoo, MI, 49007

$695,000

Home List Price

$8,253*

Closing Credit

2 Full Baths, 3 Partial
3,400 SqFt
$204/SqFt
Multi
Schools Nearby

Location

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232 E Michigan Ave, Kalamazoo$695,000

Buyer Closing Credits

$8,253*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1940
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240011236
Lot Size0.04 Acres
StatusActive

About 232 E Michigan Ave

SELLER FINANCING AVAILABLE! This property located at 232 E Michigan Ave, Kalamazoo, MI, is a mixed use building. The first floor is a commercial space, currently leased by a successful Pizza Shop. The second floor contains two, 1 Bed / 1 Bath residential units that are both currently rented. Entire second floor rehabbed in 2019 with all new finishes, new windows, on-demand water heaters, in unit washer/dryer, dishwasher, and stainless steel appliances, and exposed brick. Current deal in place for parking spots for units behind the building. The back of the building backs up to Bates Alley which includes a great piece of Kalamazoo nightlife. Great cash flowing property. Overall, this property offers a spacious and well-designed living space with a rich history, making it an appealing option for those seeking a investment property in Kalamazoo, MI. Contact for financials.

Property Details

Property Features

Property Information:

  • Architectural Style: Historic, Traditional
  • Year Built: 1940
  • Stories: 2
  • Living Area: 3,400 SqFt

Listing Office:

  • Office Name: Andover Real Estate
  • Office Phone: (248) 206-3666
  • Listing Agent: Scott Rubin

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Loy Norrix High School, Public District Grades 9-12
  • Maple Street Magnet School For The Arts, Public Magnet Grades 6-8
  • El Sol Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Heading North on Westnedge Avenue, Turn right to head East on East Michigan to Property

Price Information

Listing Price Info

Price Summary:

  • List Price: $695,000
  • Price Per SqFt: $204/SqFt

Tax Information:

  • Annual Amount: $9,755
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Kalamazoo, MI.

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Kalamazoo, MI

City

Med. Sold Price

$220.1K

Med. Price/SqFt

$168

Avg. Days On Market

39

# of Sold Homes

116

232 E Michigan Ave vs Kalamazoo

64 DAYS ON ROCKET

+25 Days

$695,000

+$474.8K More

$204/SqFt

+$35 More

KEY TAKEAWAY

This property is $474.8K more than the Median Sold Price and $35/SqFt more than other homes in Kalamazoo, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240011236

Listing Office:

  • Office Name: Andover Real Estate
  • Office Phone: (248) 206-3666
  • Listing Agent: Scott Rubin

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 1:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$9,755$198,800
2020$9,400$177,400
2019$9,400$168,800
2018 - $132,100
2017 - $128,500

History based on county public records data.

Payment Calculator

$3,536

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,150

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2267047
5
/10

  • El Sol Elementary School

  • 604 W Vine St

  • 0.73 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-2267048
5
/10

  • Maple Street Magnet School For The Arts

  • 922 W Maple St

  • 1.53 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2267049
6
/10

  • Loy Norrix High School

  • 606 E Kilgore Rd

  • 3.27 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,858. The majority of Kalamazoo, MI residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kalamazoo County›Kalamazoo›49007›232 E Michigan Ave

This home is located at 232 E Michigan Ave in Kalamazoo, MI and zip code 49007 in the Central Business District neighborhood. This 3,400 square foot home, which was built in 1940, sits on a 0.04 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $695,000.

While more than 30 listings in Kalamazoo, MI in March 2024 were sold above asking price, there were more than 23 listings sold at asking price, and more than 63 were sold below. Between February 2024 and March 2024, Kalamazoo, MI real estate market has seen increase in the number of listings by 7.9%. In March 2024, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $220,100.

From Rocket Homes Real Estate and based on county public records data.

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