NOT LISTED FOR SALE

104 E Franklin St Otsego, MI 49078

Estimated Value: $263,000 - $357,000

-- Bed
-- Bath
-- Sq Ft
0.31 Acres

Last Sold October 31, 2012

Last sale price $120,000

Est. 167% increase in value since last sale

Current estimated payment $2,166/month

267 Days on Market

Highlights

  • Main Floor Bedroom
  • Low Threshold Shower
  • 8 Car Garage
  • Corner Lot: Yes
  • Forced Air Heating and Cooling System
  • Laundry Facilities

About This Home

As of October 2012

This is a great owner occupied property. Let the tenants pay your mortgage payment. The lower owner occupied unit has 1,200 sqft that has been remodeled and is mostly barrier free. The kitchen is spacious and has a center island snack bar, built-in desk, lots of counter space, built-in dishwasher, range, refrigerator and is open to the living room. There is a nice four season glassed in front porch w/French doors from living room. Home also has central air. Two spacious bedrooms each w/its own bathroom and with walk-in showers. There is a main floor laundry and two car attached garage. There are two, one bedroom upper units w/outside entrance. The two upper units have electric heat and appliances are included. The fourth unit is over a three car garage that is separate from the other thre e units. It has one bedroom and one bath w/appliances included. The property is 82x165 and has two separate driveways w/ample parking. The fourth unit is off Farmer St. Convenient to downtown Otsego.

Last Agent to Sell the Property

Denise Atwood

Berkshire Hathaway HomeServices MI Listed on: 01/19/2012

Last Buyer's Agent

Carol Brock

Jaqua, REALTORS License #6501154630

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,949

Year Built

  • Built in 1880

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 82.50 x 165
  • Corner Lot: Yes

Parking

  • 8 Car Garage

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Michigan Basement
  • Partial Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Connected

Additional Features

  • Main Floor Bedroom
  • Low Threshold Shower

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,949

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Lot Dimensions: 82.50 x 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2949.0
  • Tax Info:Zoning3: R-B
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Accessibility Feat:Low Threshold Shower: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Accessibility Feat:Accessible Mn Flr Be: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Accessible Mn Flr Be, Accessible Mn Flr Fu, Low Threshold Shower
  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 125000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Size Sq Ft: 13504.0
  • Zoning Description: R-B
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2949.0
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2012
Closed on
Nov 17, 2012
Sold by
Tremblay Danal L and Tremblay Elaine K
Bought by
Taylor Ridge Investments Llc
Seller's Agent
Denise Atwood
Berkshire Hathaway HomeServices MI
Buyer's Agent
Carol Brock
Jaqua, REALTORS
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%
Current Estimated Value
$319,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,934
Avg. Annual Appreciation
7.26%

Purchase Details

Listed on
Jan 19, 2012
Closed on
Oct 31, 2012
Sold by
Schlero Mary Ann and Syers Laura Kay
Bought by
Tremblay Dana L and Tremblay Elaine K
Seller's Agent
Denise Atwood
Berkshire Hathaway HomeServices MI
Buyer's Agent
Carol Brock
Jaqua, REALTORS
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%

Purchase Details

Closed on
Dec 20, 2000
Sold by
Cary Paul and Cary Mary J
Bought by
Pirrone Lorna

Purchase Details

Closed on
Jun 2, 1990

Purchase Details

Closed on
Jun 1, 1990
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Taylor Ridge Investments Llc -- None Available
Tremblay Dana L $120,000 Ppr Title Agency
Pirrone Lorna Jean $76,650 Ppr Title Agency
Pirrone Lorna -- --
-- $79,000 --
-- $79,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2012 10/31/12 Sold $120,000 -7.6% --
10/12/2012 10/12/12 Pending -- -- --
01/19/2012 01/19/12 For Sale $129,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,080 $167,600 $12,500 $155,100
2024 $4,402 $150,600 $7,500 $143,100
2023 $4,739 $131,500 $7,100 $124,400
2022 $4,402 $116,400 $7,100 $109,300
2021 $4,355 $108,900 $7,100 $101,800
2020 $4,302 $109,400 $7,100 $102,300
2019 $4,236 $93,000 $7,100 $85,900
2018 $4,150 $88,000 $7,100 $80,900
2017 $0 $73,600 $7,800 $65,800
2016 $0 $69,200 $5,600 $63,600
2015 -- $69,200 $5,600 $63,600
2014 $2,952 $62,900 $11,100 $51,800
2013 $2,952 $60,300 $9,100 $51,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12004030

Southwestern Michigan Association of REALTORS®

APN: 54-100-093-70