NOT LISTED FOR SALE

214 E Orleans St Otsego, MI 49078

Estimated Value: $240,000 - $270,902

-- Bed
3 Baths
2,969 Sq Ft
$87/Sq Ft Est. Value

Last Sold January 29, 2019

Last sale price $162,500 $55 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,742/month

131 Days on Market

Highlights

  • Hot Water Heating System
  • Otsego High School Rated 9+
  • High Speed Internet

About This Home

As of January 2019

Classic Historic 4 Unit Italianate located in beautiful City of Otsego. Main floor unit is perfect for owner occupied with 2 bedroom, large living room, basement & 2 car garage + nice yard. Two 1 bedrooms + 1 studio gross potential rent of $27,000+ per year/$2260 per month. Tenant pays electric, owners pay heat and water and garbage. Don't wait long this investment opportunity wont last long.

Last Agent to Sell the Property

Patrick O'Brien

O'Brien Real Estate License #6502102326 Listed on: 08/29/2018

Last Buyer's Agent

Katherine Hawley

O'Brien Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,193

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,193

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 167300.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Natural Gas, Hot Water
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: R-L
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3192.54
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2018
Closed on
Jan 24, 2019
Sold by
Haugh Richard W and Haugh Judith K
Bought by
Mills Timothy H and Mills Deborah J
Seller's Agent
Patrick O'Brien
O'Brien Real Estate
Buyer's Agent
Katherine Hawley
O'Brien Real Estate
List Price
$167,300
Sold Price
$162,500
Premium/Discount to List
-$4,800
-2.87%
Current Estimated Value
$258,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,726
Avg. Annual Appreciation
6.45%
Original Mortgage
$30,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 11, 2006
Sold by
Richard W Haugh Revocable Living Trust
Bought by
Haugh Richard W and Haugh Judith K
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mills Timothy H $162,500 None Available
Haugh Richard W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mills Timothy H $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2019 01/29/19 Sold $162,500 -2.9% $55 / Sq Ft
01/07/2019 01/07/19 Pending -- -- --
08/29/2018 08/29/18 For Sale $167,300 -- $56 / 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 $4,478 $123,100 $8,000 $115,100
2024 $3,844 $111,700 $4,800 $106,900
2023 $4,274 $98,400 $4,500 $93,900
2022 $3,844 $91,800 $4,500 $87,300
2021 $3,831 $86,200 $4,500 $81,700
2020 $3,863 $87,000 $4,500 $82,500
2019 $2,333 $73,200 $4,500 $68,700
2018 $3,200 $69,900 $4,500 $65,400
2017 $0 $58,500 $5,200 $53,300
2016 $0 $55,400 $3,800 $51,600
2015 -- $55,400 $3,800 $51,600
2014 $3,341 $49,500 $7,400 $42,100
2013 $3,341 $47,700 $6,100 $41,600
Source: Public Records

Agents Affiliated with this Home

  • Patrick O'Brien

    Seller's Agent in 2019

    Patrick O'Brien

    O'Brien Real Estate

    (269) 207-7446

    1 in this area

    307 Total Sales

    Patrick O'Brien
    Section Image

  • K

    Buyer's Agent in 2019

    Katherine Hawley

    O'Brien Real Estate

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18042693

Southwestern Michigan Association of REALTORS®

APN: 54-107-038-50

Michigan Allegan County Otsego 49078

214 E Orleans St, Otsego, MI

This home is located at 214 E Orleans St, Otsego, MI 49078 since 29 August 2018 and is currently estimated at $258,226, approximately $86 per square foot. This property was built in 1900. 214 E Orleans St is a home located in Allegan County with nearby schools including Otsego High School, Otsego Christian Academy, and St. Margaret School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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