4 months on rocket

556 Phelps Ave, Kalamazoo, MI, 49048

$103,000

Home List Price

$1,223*

Closing Credit

0 Baths
Multi

Location

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556 Phelps Ave, Kalamazoo$103,000

Buyer Closing Credits

$1,223*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved, SharedDriveway
Year Built1899
HeatingBaseboard, Hot Water, Natural Gas
BasementYes
MLS #66024043240
Lot Size0.13 Acres
StatusActive

About 556 Phelps Ave

Discover this eastside duplex, perfectly situated close to downtown Kalamazoo and all the amenities the city has to offer. The property features two units, each with its own unique charm. The downstairs unit is beautifully updated & boasts 2 bedrooms and 1 bathroom ($850/month). The upstairs unit is a cozy 1 bedroom, 1 bathroom that could use a little TLC to make it shine (previously rented at $625/month). Each units comes with the refrigerator and the stove/oven.This property is an excellent opportunity for investors looking to expand their portfolio or for those just beginning their real estate investment journey. Recent updates include a 7 year old high efficiency boiler, a 15 year old roof, replacement windows and durable vinyl siding. Don't miss out on this promising property!This property is being sold in as-is condition, with the seller making no repairs.

Property Details

Property Features

Property Information:

  • Year Built: 1899

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices MI
  • Office Phone: (269) 342-5600
  • Listing Agent: Ashley E Sayles

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Paved, SharedDriveway

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Hot Water, Natural Gas

Other

Directions Information:

  • Directions: From the intersection of Riverview Drive & Gull Road, drive south on Riverview Drive for .3 miles, then turn left onto E Michigan Avenue. Drive east on E Michigan Avenue for .2 miles, then turn left onto E Main Street. Drive east on E Main Street for .3 miles, then take a right onto Phelps Avenue. In 150 feet, the house will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $103,000

Tax Information:

  • Annual Amount: $1,654
  • 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

556 Phelps Ave vs Kalamazoo

121 DAYS ON ROCKET

+99 Days

$103,000

-$127.3K Less

KEY TAKEAWAY

This property is $127.3K 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: #66024043240

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices MI
  • Office Phone: (269) 342-5600
  • Listing Agent: Ashley E Sayles

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: 12/18/2024, 6:21:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 05, 2021Home Sold
$59,750

Tax History

YEARPROP. TAXASSESSMENT
2021$1,654$32,200
2020$1,593$29,200
2019$1,593$23,600
2018 - $24,700
2017 - $25,300

History based on county public records data.

Payment Calculator

$582

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$375

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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-4415200
3
/10

  • Northeastern Elementary School

  • 2433 Gertrude St

  • 0.89 miles

  • Public District Grades PK-5

school-card-donut-4415201
3
/10

  • Edison Academy

  • 924 Russell St

  • 1.14 miles

  • Public Magnet Grades PK-5

school-card-donut-4415202
4
/10

  • Lincoln International Studies School

  • 912 N Burdick St

  • 1.20 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. Residents of Kalamazoo, MI typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kalamazoo County›Kalamazoo›49048›556 Phelps Ave

This home is located at 556 Phelps Ave in Kalamazoo, MI and zip code 49048 in the Eastside neighborhood. This home, which was built in 1899, sits on a 0.13 acre lot. It has been listed on Rocket Homes since August 18, 2024 and is currently priced at $103,000.

Over 25 listings were sold over their listed price in November 2024 in Kalamazoo, MI. In the same period over 67 listings were sold below the listed price and 25 listings were sold for the listed price. The number of homes for sale in Kalamazoo, MI decreased by 4% between October 2024 and November 2024. In November 2024 median list price was $230,336 and the average listing age was 22 days.

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

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