new - 4 days on rocket

531 Phelps Ave, Kalamazoo, MI, 49048

$150,000

Home List Price

$1,781*

Closing Credit

0 Baths
Multi

Location

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531 Phelps Ave, Kalamazoo$150,000

Buyer Closing Credits

$1,781*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1961
HeatingForced Air, Natural Gas
BasementYes
MLS #66024062956
Lot Size0.13 Acres
StatusActive

About 531 Phelps Ave

Welcome to 531 Phelps Avenue, a fantastic two-unit property offering endless possibilities! With 4 bedrooms, 2 full baths, and 1,562 sq. ft. of finished living space, this multi-family home is perfect for investors or those looking to offset their mortgage by renting out one unit.Each unit is designed for comfort and practicality, featuring bright and spacious interiors. Located near downtown Kalamazoo, schools, and local amenities, this property is highly desirable for renters and offers consistent income potential.Don't let this opportunity pass you by--add this versatile investment to your portfolio or make it your new home today!

Property Details

Property Features

Property Information:

  • Year Built: 1961

Listing Office:

  • Office Name: Jaqua, REALTORS
  • Office Phone: (269) 685-6858
  • Listing Agent: Isaac L Hibma

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: From E Main: turn South on Phelps, property is on your right

Price Information

Listing Price Info

Price Summary:

  • List Price: $150,000

Tax Information:

  • Annual Amount: $1,236
  • 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

$230.3K

Med. Price/SqFt

$141

Avg. Days On Market

22

# of Sold Homes

117

531 Phelps Ave vs Kalamazoo

4 DAYS ON ROCKET

-18 Days

$150,000

-$80.3K Less

KEY TAKEAWAY

This property is $80.3K less than the Median Sold Price in Kalamazoo, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Kalamazoo Association of REALTORS
  • MLS Number: #66024062956

Listing Office:

  • Office Name: Jaqua, REALTORS
  • Office Phone: (269) 685-6858
  • Listing Agent: Isaac L Hibma

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: 12/17/2024, 11:56:03 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$1,236$27,300
2020$1,190$24,400
2019$1,190$19,700
2018 - $20,000
2017 - $20,200

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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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.

Nearby Schools

school-card-donut-4294489
3
/10

  • Northeastern Elementary School

  • 2433 Gertrude St

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-4294490
3
/10

  • Edison Academy

  • 924 Russell St

  • 1.11 miles

  • Public Magnet Grades PK-5

school-card-donut-4294491
4
/10

  • Lincoln International Studies School

  • 912 N Burdick St

  • 1.19 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,061. The most common annual income of people living in Kalamazoo, MI is less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kalamazoo County›Kalamazoo›49048›531 Phelps Ave

This home is located at 531 Phelps Ave in Kalamazoo, MI and zip code 49048 in the Eastside neighborhood. This home, which was built in 1961, sits on a 0.13 acre lot. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $150,000.

Kalamazoo, MI housing market in November 2024 saw over 25 listings sold above listed price, more than 25 sold at listed price and over 67 sold below. The number of listings in Kalamazoo, MI decreased by 4% between October 2024 and November 2024. In November 2024, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $230,336.

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

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