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Kalamazoo 49009
7014 Oak Highlands Drive
$565,000
● House - Off Market

7014 Oak Highlands Drive

Kalamazoo, MI 49009
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
4,509 Ft²
$3,599
Est. Monthly
2.60%
Cap Rate

About This Property

This expansive executive home boasts over 4,500 sqft of finished living space, perfect for entertaining or intimate gatherings. As you enter the home you're met by a formal dining rm perfect for hosting elegant dinners, while a dedicated home office awaits on the other side. Imagine waking up to breathtaking views of the lush backyard, meticulously cultivated by a master gardener. The main flr features a primary bedrm suite for ultimate convenience, and a sunrm bathed in natural light, adjacent to the living rm with a gas fireplace. The kitchen, adorned with granite counters, invites culinary creations, with a dedicated eating area for casual meals. Upstairs, discover 3 additional bedrms and 2 full baths. The finished walkout basement offers a wet bar.
Unit Size
4,509 Ft²
Days on Market
71 days
Land Size
1.02 acres
Price per sqft
$130
Property Type
House
Property Taxes
$726
HOA Dues
-
Year Built
1992

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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: 7 months ago (MichRIC MLS #24023834)

Price History

Date / Event Date Event Price
Aug 16, 2024 Sold
Premium
Sold
Jul 9, 2024 In contract -
In contract
Jul 5, 2024 Price Decreased $585,000
↓ $15K (2.5%)
Price Decreased
Jun 6, 2024 Relisted $599,900
Relisted
May 19, 2024 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,244
  • Garage Type: 7
  • Garage Square Area: 682
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Lot Size Depth Feet: 2,950
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 3,207
  • Building Area: 3,207
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,207
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY TRAIL HOMESITES #1
  • Land Acres: 0000001020
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COUNTRY TRAIL HOMESITES #1, LOT 15

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 002908

Zoning

  • Zoning: R-2 RES

Geography

  • District: 5
  • Parcel: 05-11-151-150
  • Lot: 15
  • Municipality: OSHTEMO TWP
  • Latitude: 42.3135
  • Longitude: -85.6874

    Address

  • Full Address: 7014 Oak Highlands Dr
  • Address - House Number: 7014
  • Address - Street Name: Oak Highlands
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: R029
  • 4-Digit Zip Code: 8560
  • Zip Code: 49009

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $208,428

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 598,279
  • High Value: 720,243
  • Low Value: 476,315

    Market Valuation

  • Market Total Value: $490,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,200

    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 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: Rusty Gorter, Keller Williams Kalamazoo Market Center
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 24023834
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 7014 Oak Highlands Drive built and last sold?
The property at 7014 Oak Highlands Drive was built in 1992 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7014 Oak Highlands Drive is $0.
What are some comparable homes to 7014 Oak Highlands Drive?
There are currently no comparable homes to 7014 Oak Highlands Drive.
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