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Kalamazoo 49001
2225 Olmstead Road
$180,000
● House - Off Market

2225 Olmstead Road

Kalamazoo, MI 49001
bedrooms
2 Beds
bathrooms
1 Bath
square feet
850 Ft²
$1,175
Est. Monthly
5.11%
Cap Rate

About This Property

Great location on the corner of Phillips and Olmstead. Remodeled ranch home with a full basement and a over sized 2 car garage with 2 newer overhead doors. New kitchen and bathroom.  Large room off the kitchen could be additional bedroom and or a main floor laundry. Would or could be a great office area with its own private entry from the back yard
Unit Size
850 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$223
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #24022544)

Price History

Date / Event Date Event Price
Jun 13, 2024 Sold
Premium
Sold
May 8, 2024 Listed by CENTURY 21 C. Howard $189,900
Listed by CENTURY 21 C. Howard
Jan 2, 2024 Sold
Premium
Sold
Dec 13, 2023 Listed by CENTURY 21 C. Howard $44,900
Listed by CENTURY 21 C. Howard
Feb 9, 2023 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 848
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Frontage Feet: 750
  • Total Building Area: 848
  • Building Area: 848
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 848
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTRAL PARK
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 2401040 3906 25 290 220 CENTRAL PARK LOT 22

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 001803

Zoning

  • Zoning: R-2

Geography

  • District: 6
  • Parcel: 06-25-290-220
  • Lot: 22
  • Municipality: KALAMAZOO TWP
  • Latitude: 42.2679
  • Longitude: -85.5354

    Address

  • Full Address: 2225 Olmstead Rd
  • Address - House Number: 2225
  • Address - Street Name: Olmstead
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C022
  • 4-Digit Zip Code: 4128
  • Zip Code: 49001

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $40,106
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 167,996
  • High Value: 202,244
  • Low Value: 133,749

    Market Valuation

  • Market Total Value: $117,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 73
  • Previous Sale Recording Date: Feb 09, 2023
  • Previous Sale Contract Date: Jan 26, 2023
  • Previous Sale Amount: $47,782
  • Previous Sale Document Type: 64
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Kalamazoo

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1972 ft²

Average Home Age

57 years

Currently For Sale

736 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: David Howard, CENTURY 21 C. Howard
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24022544
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2225 Olmstead Road built and last sold?
The property at 2225 Olmstead Road was built in 1955 and last sold on Dec 21, 2023 for $74,001.
How much is this home worth?
The estimated value of the home located at 2225 Olmstead Road is $0.
What are some comparable homes to 2225 Olmstead Road?
There are currently no comparable homes to 2225 Olmstead Road.
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