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Kalamazoo 49009
5902 Castleton Lane
$306,000
● House - Off Market

5902 Castleton Lane

Kalamazoo, MI 49009
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,703 Ft²
$1,719
Est. Monthly
4.54%
Cap Rate

About This Property

This beautiful one-owner home has just been listed in Oshtemo Woods! This home has been immaculately maintained and boasts an open floor plan that includes a kitchen with appliances, a center island, an eating area, and a family room with vaulted ceilings. The main floor also includes three bedrooms, two full baths, and a laundry room. The lower level features a remarkable living room and plenty of unfinished storage space. You can enjoy the park-like backyard with a newer spacious composite deck, low-maintenance landscaping, and privacy from the fully fenced yard. Additionally, there is an extra deep garage with a service door to the backyard.
Unit Size
1,703 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$167
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
2004

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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 #24022850)

Price History

Date / Event Date Event Price
May 30, 2024 Sold
Premium
Sold
May 9, 2024 Listed by eXp Realty LLC $284,900
Listed by eXp Realty LLC
Jul 20, 2004 Sold
Premium
Sold
Nov 10, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,241
  • Garage Type: 7
  • Garage Square Area: 580
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 960
  • Total Building Area: 1,241
  • Building Area: 1,241
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,241
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OSHTEMO WOODS #1
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OSHTEMO WOODS #1, LOT 18 12/03 24-355-020 AND 25-105-010VCOMBINED INTO OSHTEMO WOODS NO 1

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 002911

Zoning

  • Zoning: R-1 RES

Geography

  • District: 5
  • Parcel: 05-25-120-180
  • Lot: 12,18
  • Municipality: OSHTEMO TWP
  • Latitude: 42.2723
  • Longitude: -85.6658

    Address

  • Full Address: 5902 Castleton Ln
  • Address - House Number: 5902
  • Address - Street Name: Castleton
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C057
  • 4-Digit Zip Code: 2830
  • Zip Code: 49009

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $91,542

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 267,219
  • High Value: 321,694
  • Low Value: 212,744

    Market Valuation

  • Market Total Value: $224,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2004
  • Current Sale Recording Date: Jul 20, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004-036361
  • Previous Sale Recording Date: Nov 10, 2003
  • Previous Sale Contract Date: Nov 07, 2003
  • Previous Sale Amount: $25,500
  • Previous Sale Document Type: 71
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: Katherine E Roberts-Nafe, eXp Realty LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24022850
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 5902 Castleton Lane built and last sold?
The property at 5902 Castleton Lane was built in 2004 and last sold on Jun 30, 2004 for $144,959.
How much is this home worth?
The estimated value of the home located at 5902 Castleton Lane is $287,833.
What are some comparable homes to 5902 Castleton Lane?
There are currently no comparable homes to 5902 Castleton Lane.
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