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Kalamazoo 49001 Edison
850 Lay Boulevard
$136,250
● House - Off Market

850 Lay Boulevard

Kalamazoo, MI 49001
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,584 Ft²
$125,872
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

This 2-Story Home is ready for a new owner. The main floor features a formal dining room with window seat and oak floors, an updated full bath and 4th bedroom or office. Upstairs you will find 3 additional bedrooms and a large full bath. The 3 season porch overlooking the white picket fence and boulevard-style street only adds to the charm of this home. Detached 2-car garage, private fenced back yard, and replacement windows add to the value of this home! Offers due 5/9/22 at 12 PM, however, seller reserves the right to accept an offer at anytime.
Unit Size
1,584 Ft²
Days on Market
15 days
Land Size
0.13 acres
Price per sqft
$79
Property Type
House
Property Taxes
$195
HOA Dues
-
Year Built
1916

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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 #22016315)

Price History

Date / Event Date Event Price
May 27, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Keller Williams Kalamazoo Market Center $124,900
Listed by Keller Williams Kalamazoo Market Center
Jun 29, 2018 Sold
Premium
Sold
Aug 24, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 175
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 900
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Frontage Feet: 440
  • Total Building Area: 1,594
  • Building Area: 1,594
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,594
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK ADD
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 40730 SOUTH PARK ADDITION LOT 8 BLK 10.

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 001001

Zoning

  • Zoning: RD-19

Geography

  • District: 0
  • Parcel: 06-26-105-008
  • Block: 10
  • Lot: 8
  • Municipality: KALAMAZOO CITY
  • Latitude: 42.273
  • Longitude: -85.5693

    Address

  • Full Address: 850 Lay Blvd
  • Address - House Number: 850
  • Address - Street Name: Lay
  • Address - Suffix Type: Blvd
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C082
  • 4-Digit Zip Code: 3844
  • Zip Code: 49001

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $121,666
  • Initial Tax Delinquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 113,789
  • High Value: 159,874
  • Low Value: 67,703

    Market Valuation

  • Market Total Value: $84,786

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,393

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: May 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18004
  • Previous Sale Recording Date: Jun 29, 2018
  • Previous Sale Contract Date: Jun 12, 2018
  • Previous Sale Amount: $82,950
  • 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 Edison

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$114

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1096 ft²

Average Home Age

116 years

Currently For Sale

21 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 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
Unit for rent at 915 Walwood Place, Kalamazoo, MI, 49007

$1,750 /mo

  • 3 Beds
  • 1 Bath
  • 1,720 ft²
915 Walwood Place, Kalamazoo, MI, 49007 Listing by Marissa Harrington

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Jennifer K Hoffman, Keller Williams Kalamazoo Market Center
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 22016315
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 850 Lay Boulevard built and last sold?
The property at 850 Lay Boulevard was built in 1916 and last sold on May 17, 2022 for $136,250.
How much is this home worth?
The estimated value of the home located at 850 Lay Boulevard is $129,326.
What are some comparable homes to 850 Lay Boulevard?
There are currently no comparable homes to 850 Lay Boulevard.
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