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Eastwood 49048 Eastwood
724 Craft Avenue
$210,000
● House - Off Market

724 Craft Avenue

Kalamazoo, MI 49048
bedrooms
3 Beds
bathrooms
1 Bath
square feet
948 Ft²
$1,293
Est. Monthly

About This Property

HIGHEST AND BEST DUE SAT, APRIL 25TH AT 8PM. Charming and move-in ready! This well-maintained ranch offers comfort, style and practical updates throughout!  Featuring 3 bedrooms and 1 bath this home welcomes you into a bright living room filled with natural light and beautiful hardwood floors that continue through the living room and bedrooms.  The updated kitchen is sure to impress with Quartz countertops, stainless steel appliances, and a cozy eat-in dining area.  The bathroom includes a convenient walk-in shower.  The unfinished basement is clean and provides excellent storage space, laundry area, and future possibilities.  Outside you'll find a fenced in yard and a spacious 2-car detached garage with a new roof and siding.  Additional improvements include added insulation plus a furnace and A/C new in 2021.
Unit Size
948 Ft²
Days on Market
22 days
Land Size
0.17 acres
Price per sqft
$211
Property Type
House
Property Taxes
$311
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: 6 months ago (MichRIC MLS #26017307)

Price History

Date / Event Date Event Price
May 15, 2026 Sold
Premium
Sold
Apr 26, 2026 In contract -
In contract
Apr 23, 2026 Listed by Five Star Real Estate $200,000
Listed by Five Star Real Estate
May 20, 2021 Sold
Premium
Sold
Mar 28, 2021 Listed by Five Star Real Estate $138,000
Listed by Five Star Real Estate
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 9
  • Basement Area: 858
  • 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: 7,405
  • Lot Size Frontage Feet: 600
  • Total Building Area: 948
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 948
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EASTWOOD HEIGHT
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 2661140 3906 13 215 400 EASTWOOD HEIGHTS #2 LOT 170

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 005502

Zoning

  • Zoning: R-2

Geography

  • District: 6
  • Parcel: 06-13-215-400
  • Lot: 170
  • Municipality: KALAMAZOO TWP
  • Latitude: 42.2992
  • Longitude: -85.5375

    Address

  • Full Address: 724 Craft Ave
  • Address - House Number: 724
  • Address - Street Name: Craft
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C009
  • 4-Digit Zip Code: 1146
  • Zip Code: 49048

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $66,409

    Appraisal Valuation

  • Standard Deviation: 0.2024
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 187,509
  • High Value: 225,463
  • Low Value: 149,555

    Market Valuation

  • Market Total Value: $136,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 11, 2021
  • Current Sale Recording Date: May 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-021126
  • Previous Sale Recording Date: Mar 12, 2019
  • Previous Sale Contract Date: Mar 01, 2019
  • Previous Sale Amount: $122,000
  • 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 Eastwood

Stats & Trends

Median Asking:

$184,950

Sale Price/ft²

$157

Below Asking

0.02%

Average Days on Market

44

Average Home Size

822 ft²

Average Home Age

82.2 years

Currently For Sale

17 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

Unit for rent at 116 Devon Ave, MI, 49004

$1,050 /mo

  • 1 Bed
  • 1 Bath
116 Devon Ave, MI, 49004 Listing by Rick Rivera
Unit for rent at 1221 Wells Place, Kalamazoo, MI, 49001

$900 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
1221 Wells Place #2, Kalamazoo, MI, 49001 Listing by Crystal M Kurr

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Kim Williams, Five Star Real Estate
Last Updated: 6 months ago
Data Source: MichRIC, MLS# 26017307
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 724 Craft Avenue built and last sold?
The property at 724 Craft Avenue was built in 1955 and last sold on May 11, 2021 for $150,000.
How much is this home worth?
The estimated value of the home located at 724 Craft Avenue is $0.
What are some comparable homes to 724 Craft Avenue?
There are currently no comparable homes to 724 Craft Avenue.
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