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Kalamazoo 49004
5203 Keyes Drive
$123,200
● House - Off Market

5203 Keyes Drive

Kalamazoo, MI 49004
bedrooms
3 Beds
bathrooms
1 Bath
square feet
981 Ft²
$689
Est. Monthly
16.51%
Cap Rate

About This Property

HIGHEST AND BEST OFFERS DUE TUESDAY 8/27 BY 3PM. Move in ready 3 bedroom home in Parchment Schools priced to sell! Home has had many recent cosmetic updates with new carpet, fresh paint, some new kitchen cabinets and counter tops. Deep .25 acre lot and detached 1-car garage. Kalamazoo County Land Bank owns the .25 acre lot to the north and may be available to purchase, buyer to verify. Home is being sold AS-IS and priced accordingly, buyer responsible for all inspections. Seller has never been to the home.
Unit Size
981 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$122
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
1922

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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 #24044545)

Price History

Date / Event Date Event Price
Oct 28, 2024 Sold
Premium
Sold
Oct 16, 2024 In contract -
In contract
Aug 28, 2024 In contract -
In contract
Aug 24, 2024 Listed by Five Star Real Estate $119,900
Listed by Five Star Real Estate
Aug 26, 2004 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 722
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Frontage Feet: 500
  • Total Building Area: 938
  • Building Area: 938
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 938
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEYES PARK
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: KEYES PARK LOT 114

Neighborhood

  • School District Name: Parchment School District
  • School Tax School District: PARCHMENT
  • Census Tract: 002802

Zoning

  • Zoning: R3

Geography

  • District: 2
  • Parcel: 02-35-326-760
  • Lot: 114
  • Municipality: COOPER TWP
  • Latitude: 42.3358
  • Longitude: -85.5645

    Address

  • Full Address: 5203 Keyes Dr
  • Address - House Number: 5203
  • Address - Street Name: Keyes
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C002
  • 4-Digit Zip Code: 2613
  • Zip Code: 49004

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $29,343

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 159,924
  • High Value: 192,526
  • Low Value: 127,322

    Market Valuation

  • Market Total Value: $109,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,550

    Sales

  • Current Sale Contract Date: Aug 11, 2004
  • Current Sale Recording Date: Aug 26, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004-042692
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

1978 ft²

Average Home Age

57 years

Currently For Sale

726 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: Adam Atwood, Five Star Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24044545
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 5203 Keyes Drive built and last sold?
The property at 5203 Keyes Drive was built in 1922 and last sold on Aug 11, 2004 for $73,000.
How much is this home worth?
The estimated value of the home located at 5203 Keyes Drive is $123,335.
What are some comparable homes to 5203 Keyes Drive?
There are currently no comparable homes to 5203 Keyes Drive.
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