NOT LISTED FOR SALE

2048 Covault Ln Otsego, MI 49078

Estimated Value: $364,000 - $438,000

3 Beds
2.5 Baths
2,816 Sq Ft
$146/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $380,000 $135 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,615/month

21 Days on Market

Highlights

  • Waterfront
  • 6.93 Acre Lot
  • 2 Fireplaces
  • Otsego High School Rated 9+
  • Pole Barn
  • Sun or Florida Room

About This Home

As of December 2023

Welcome home! This fantastic property is hitting the market for the very first time and it is a site to see! Featuring plenty of room on the inside with 3 bedrooms, 2 1/2 bathrooms, large kitchen, dining room, family room and living room areas are just the start to this great home. Sit and enjoy the sound of the river on the three seasons porch with a beautiful view, have a get together in the finished basement, or head outside to your 6.9 acres and enjoy all nature has to offer with river access for fishing and bird watching or start a project in your 3 stall pole barn (1600sqft) with electricity, while you keep your tools in the shed (512sqft). The potential for this home with a little TLC is endless! Call today to schedule a showing to see it for yourself!

Last Agent to Sell the Property

Katelyn Steele

Jaqua, REALTORS License #6501411609 Listed on: 10/25/2023

Jaqua, REALTORS

Last Buyer's Agent

Larry Lamble

Berkshire Hathaway HomeServices MI License #6502334423

Berkshire Hathaway HomeServices MI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,295

Year Built

  • Built in 1974

Lot Details

  • 6.93 Acre Lot
  • Lot Dimensions are 438 x 688.70
  • Waterfront
  • Property fronts a private road

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces
  • Sun or Florida Room
  • Water Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Laundry in Bathroom
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Crawl Space

Outdoor Features

  • Water Access
  • Patio
  • Pole Barn
  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Well
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,295

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1974
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 438 x 688.70
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2816.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 2294.56
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • General Property Info:Total Fireplaces: 2.0
  • General Property Info:Fireplace: Yes
  • Appliances Microwave: Yes
  • Substructure:Walk Out: Yes
  • Substructure:Crawl Space: Yes
  • General Property Info:SqFt Above Grade: 1856.0
  • Laundry Features In Basement: Yes
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Other Structures:Pole Barn: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Trash Compactor, Washer
  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Crawl Space, Full, Walk-Out Access
  • LivingArea: 2816.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Full Baths: 1
  • Basement Rooms:Basement Finished SQFT: 960.0
  • Basement Rooms:Total Basement SQFT: 1856.0
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Trash Compactor: Yes
  • Laundry Features:In Bathroom: Yes
  • Below Grade Sq Ft: 960.0

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Exterior Features: 3 Season Room
  • List Price: 455000.0
  • Other Structures: Shed(s), Pole Barn
  • Patio and Porch Features: Patio
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Kalamazoo River
  • Waterfront Features: River
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes
  • Exterior Features 3 Season Room: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement, In Bathroom
  • Sewer: Septic Tank
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:Public Access 1 Mile or Less: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 6.93
  • Lot Size Area: 6.93
  • Lot Dimensions: 438 x 688.70
  • Lot Size Sq Ft: 301653.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2294.56
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Jan 28, 2024
Sold by
Kehoe Thomas D and Kehoe Holly A
Bought by
Thomas D Kehoe Jr And Holly A Devillez-Kehoe and Kehoe
Seller's Agent
Katelyn Steele
Jaqua, REALTORS
Buyer's Agent
Larry Lamble
Berkshire Hathaway HomeServices MI
List Price
$455,000
Sold Price
$380,000
Premium/Discount to List
-$75,000
-16.48%
Views
46
Current Estimated Value
$412,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,127
Avg. Annual Appreciation
4.56%
Original Mortgage
$304,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2023
Closed on
Dec 15, 2023
Sold by
Covault Monna L
Bought by
Kehoe Thomas D and Devillez-Kehoe Holly A
Seller's Agent
Katelyn Steele
Jaqua, REALTORS
Buyer's Agent
Larry Lamble
Berkshire Hathaway HomeServices MI
List Price
$455,000
Sold Price
$380,000
Premium/Discount to List
-$75,000
-16.48%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2008
Sold by
Covault Clyde and Covault Monna L
Bought by
Conner Cherry C

Purchase Details

Closed on
Oct 2, 2007
Sold by
Castaneda Juan L and Castaneda Deborah S
Bought by
Vandenberg Abby L and Vandenberg Bradley D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2005
Sold by
Covault Clyde C and Covault Monna L
Bought by
Bronson Mark J and Bronson Cheryl L

Purchase Details

Closed on
Oct 22, 2003
Sold by
Covault Clyde C and Covault Monna L
Bought by
Sweet Craig and Sweet Marcey L

Purchase Details

Closed on
Oct 17, 2003
Sold by
Covault Clyde C and Covault Monna L
Bought by
Castaneda Juan L and Castaneda Deborah S
Source: Public Records

Range of Values:

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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
Thomas D Kehoe Jr And Holly A Devillez-Kehoe -- None Listed On Document
Kehoe Thomas D $380,000 None Listed On Document
Conner Cherry C $9,996 None Available
Vandenberg Abby L $20,000 Chicago Title
Bronson Mark J $44,522 Devon
Sweet Craig $11,000 Devon
Castaneda Juan L $11,000 Devon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kehoe Thomas D $304,000
Previous Owner Vandenberg Abby L $128,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $380,000 -16.5% $135 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/25/2023 10/25/23 For Sale $455,000 -- $162 / Sq Ft
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 $5,160 $172,000 $23,800 $148,200
2024 $2,295 $150,800 $22,200 $128,600
2023 $2,336 $127,700 $21,500 $106,200
2022 $2,295 $116,600 $20,400 $96,200
2021 $2,168 $113,300 $21,100 $92,200
2020 $2,140 $109,200 $22,000 $87,200
2019 $2,070 $97,000 $17,000 $80,000
2018 $2,026 $95,000 $16,200 $78,800
2017 $0 $86,600 $9,500 $77,100
2016 $0 $76,100 $9,500 $66,600
2015 -- $76,100 $9,500 $66,600
2014 $1,608 $73,000 $10,500 $62,500
2013 $1,608 $61,300 $13,000 $48,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23139644

Southwestern Michigan Association of REALTORS®

APN: 17-020-002-00