NOT LISTED FOR SALE

215 W Orleans St Otsego, MI 49078

Estimated Value: $216,000 - $245,439

4 Beds
3 Baths
2,274 Sq Ft
$103/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $170,000 $75 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,747/month

28 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 4 Car Garage

About This Home

As of April 2021

Take a look at this 2 unit investment opportunity. Both units are currently rented and tenants would like to stay. Lower unit has 3 bedrooms, 1 bath, dine in kitchen, laundry room and large living room. 2 of the bedrooms are very large. Laminate floorinng throughout the main floor. The upper unit has main floor entry with nice sized foyer. Large living room, dine in kitchen, 3/4 bath and nice sized bedroom. The sellers updated both units in 2016. There is sufficient off street parking and a 2 car plus dethaced garage.

Last Agent to Sell the Property

Nancy Whitney

Cornell & Associates Listed on: 02/05/2021

Last Buyer's Agent

Bill Zehner

O'Brien Real Estate License #6501287590

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,112

Year Built

  • Built in 1898

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 65x165

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 4 Car Garage
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,112

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1898
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 65x165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3112.23
  • Tax Info:Zoning3: R-C
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: 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
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 170000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Dimensions: 65x165
  • Lot Size Sq Ft: 10725.0
  • Zoning Description: R-C
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3112.23
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2023
Sold by
Cox Kevin and Cox Catherine
Bought by
Laughlin Lori A and Laughlin Michael K
Current Estimated Value
$235,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$131,676
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$103,434

Purchase Details

Listed on
Feb 5, 2021
Closed on
Apr 30, 2021
Sold by
Cox Kevin and Cox Catherine
Bought by
Laughlin Michael and Laughlin Lori
Seller's Agent
Nancy Whitney
Cornell & Associates
Buyer's Agent
Bill Zehner
O'Brien Real Estate
List Price
$170,000
Sold Price
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%

Purchase Details

Listed on
Jul 6, 2016
Closed on
Oct 24, 2016
Sold by
Advia Credit Union
Bought by
Cox Kevin and Cox Catherine
Seller's Agent
Amy Hamilton
Jaqua, REALTORS
Buyer's Agent
Nancy Whitney
Greenridge Cornell & Associates
List Price
$89,900
Sold Price
$68,000
Premium/Discount to List
-$21,900
-24.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.47%

Purchase Details

Closed on
Feb 18, 2016
Sold by
Campbell Shirley
Bought by
Advia Credit Union

Purchase Details

Closed on
Jun 27, 2008
Sold by
Campbell Shirley
Bought by
Campbell Shirley and The Campbell Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2003
Sold by
Campbell Thomas and Campbell Shirley
Bought by
Campbell Thomas and Campbell Shirley

Purchase Details

Closed on
Jun 9, 1997
Sold by
Sinclair Vernon and Sinclair Wf
Bought by
Campbell Thomas and Campbell Shirley
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
Laughlin Lori A $170,000 None Listed On Document
Laughlin Michael -- None Available
Cox Kevin $68,000 Devon Title Agency
Advia Credit Union $54,000 Attorney
Campbell Shirley -- Devon Title Agency
Campbell Shirley -- Devon Title Agency
Campbell Thomas -- Devon Title Agency
Campbell Thomas -- Devon Title Agency
Campbell Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laughlin Lori A $135,000
Previous Owner Campbell Shirley $91,000
Closed Laughlin Michael $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $170,000 0.0% $75 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $170,000 +150.0% $75 / Sq Ft
10/24/2016 10/24/16 Sold $68,000 -24.4% $30 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $89,900 -- $40 / 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 $5,596 $120,400 $9,900 $110,500
2024 $4,814 $106,600 $5,900 $100,700
2023 $5,202 $90,700 $5,600 $85,100
2022 $4,814 $80,500 $5,600 $74,900
2021 $3,154 $75,600 $5,600 $70,000
2020 $3,111 $72,900 $5,600 $67,300
2019 $3,059 $62,000 $5,600 $56,400
2018 $2,993 $56,200 $5,600 $50,600
2017 $0 $47,700 $6,500 $41,200
2016 $0 $44,800 $4,800 $40,000
2015 -- $44,800 $4,800 $40,000
2014 $1,942 $41,500 $8,800 $32,700
2013 $1,942 $39,500 $7,200 $32,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21003757

Southwestern Michigan Association of REALTORS®

APN: 54-100-065-00