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Kalamazoo 49004 Burke Acres
2514 Cimarron Drive
$160,000
● House - Off Market

2514 Cimarron Drive

Kalamazoo, MI 49004
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,584 Ft²
$935
Est. Monthly
9.38%
Cap Rate

About This Property

Kalamazoo township Parchment school district. This ranch home has a spacious living room with a vaulted ceiling, and bay window. The dining area is opened to the living room. The kitchen is small but efficient and has been updated some years ago. Range refrigerator microwave and dishwasher are included. There is a large addition that was added on the back of the home. Sellers used it for the third bedroom, however it would make a nice family room as well.  A door off the addition leads to the mostly fenced back yard, and patio. 1 car attached garage with workshop on the back and extra storage space. Front covered porch. Cement driveway and central air.

Convenient to shopping, schools, restaurants and downtown Kalamazoo.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$101
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1956

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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 #24015442)

Price History

Date / Event Date Event Price
May 6, 2024 Sold
Premium
Sold
Apr 2, 2024 Listed by Five Star Real Estate $159,900
Listed by Five Star Real Estate

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 3
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 406
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,332
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARCLAY HILLS #1
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 2146460 3906 11 135 710 BARCLAY HILLS #1 LOT 71

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: PARCHMENT
  • Census Tract: 005501

Zoning

  • Zoning: R-2

Geography

  • District: 6
  • Parcel: 06-11-135-710
  • Lot: 71
  • Municipality: KALAMAZOO TWP
  • Latitude: 42.3164
  • Longitude: -85.5635

    Address

  • Full Address: 2514 Cimarron Dr
  • Address - House Number: 2514
  • Address - Street Name: Cimarron
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C005
  • 4-Digit Zip Code: 1032
  • Zip Code: 49004

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $91,703

    Appraisal Valuation

  • Standard Deviation: 0.2046
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 190,176
  • High Value: 229,093
  • Low Value: 151,260

    Market Valuation

  • Market Total Value: $137,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,900

    Exemptions

  • Homeowner Exemption: Yes
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 Burke Acres

Stats & Trends

Median Asking:

$189,950

Sale Price/ft²

$167

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1179 ft²

Average Home Age

64 years

Currently For Sale

11 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

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MichRIC

Listed by: Denise M Atwood, Five Star Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24015442
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 2514 Cimarron Drive built and last sold?
The property at 2514 Cimarron Drive was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2514 Cimarron Drive is $0.
What are some comparable homes to 2514 Cimarron Drive?
There are currently no comparable homes to 2514 Cimarron Drive.
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