$156,400
SOLD JUL 25, 2025

244 W Franklin St Otsego, MI 49078

-- Bed
-- Bath
1,652 Sq Ft
0.27 Acres

Recently Sold

$95 Per Sq Ft

4% Above List Price

10 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • High Speed Internet
  • Otsego High School Rated 9+

About This Home

As of July 2025

Don't miss out on this rare opportunity to own a duplex in Otsego schools! Both units are spacious 1 bed, 1 bath units. Current owner has kept the rent low for long term tenants and is currently renting below market rate. New roof in 2020. New furnace in 2024. Sewer line replaced in 2018 and new electrical panels in 2020. Both gas and electric are split, however owner provides gas due a single furnance and water heater. Tenants pay electic and trash. The exterior of the home will need new windows and siding. Call today. Limited showing times for tenants convienence. First showing opportunity is Sat. May 31st from 10am - noon.

Last Agent to Sell the Property

Matt Kepley

Five Star Real Estate (Ada) License #6506047033 Listed on: 05/26/2025

Last Buyer's Agent

Tom Parker

Betten Real Estate License #6501226166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,202

Year Built

  • Built in 1860

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 66 x 175

Home Design

  • Composition Roof

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 2 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, trash
  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,202

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1860
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 x 175
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R-B
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Driveway:Unpaved: Yes
  • Substructure:Michigan Basement: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 149900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: None
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.27
  • Lot Size Area: 0.27
  • Lot Dimensions: 66 x 175
  • Lot Size Sq Ft: 11543.0
  • Zoning Description: R-B

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electric, Trash

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2202.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2025
Closed on
Jul 25, 2025
Sold by
Gerst Stephen
Bought by
Bowman Rental Properties Llc
Seller's Agent
Matt Kepley
Five Star Real Estate (Ada)
Buyer's Agent
Tom Parker
Betten Real Estate
List Price
$149,900
Sold Price
$156,400
Premium/Discount to List
$6,500
4.34%
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.77%
Original Mortgage
$116,250
Outstanding Balance
$116,250
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$35,058

Purchase Details

Listed on
Oct 12, 2010
Closed on
Oct 15, 2012
Sold by
Todd Velma J and Todd Mark
Bought by
Gerst Stephen
Seller's Agent
Denise Atwood
Berkshire Hathaway HomeServices MI
Buyer's Agent
Sue Cornell
Greenridge Cornell & Associates
List Price
$54,900
Sold Price
$35,000
Premium/Discount to List
-$19,900
-36.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.43%
Original Mortgage
$26,250
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 1998
Sold by
Tice Gerald and Tice Jane
Bought by
Todd Mark and Todd Velma
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $156,400 None Listed On Document
Warranty Deed $156,400 None Listed On Document
Warranty Deed $35,000 Ppr Title West Michigan Real
Deed $80,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $116,250 Construction
Closed $116,250 Construction
Previous Owner $86,000 New Conventional
Previous Owner $26,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Sold $156,400 +4.3% $95 / Sq Ft
06/05/2025 06/05/25 Pending -- -- --
05/26/2025 05/26/25 For Sale $149,900 +328.3% $91 / Sq Ft
10/15/2012 10/15/12 Sold $35,000 -36.2% $21 / Sq Ft
06/27/2012 06/27/12 Pending -- -- --
10/12/2010 10/12/10 For Sale $54,900 -- $33 / 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 $2,202 $73,200 $10,100 $63,100
2024 $1,899 $63,500 $6,100 $57,400
2023 $1,899 $54,300 $5,800 $48,500
2022 $1,899 $48,500 $5,800 $42,700
2021 $1,878 $45,000 $5,800 $39,200
2020 $1,853 $44,600 $5,800 $38,800
2019 $1,822 $37,900 $5,800 $32,100
2018 $1,783 $34,700 $5,800 $28,900
2017 $0 $30,100 $6,300 $23,800
2016 $0 $27,700 $4,500 $23,200
2015 -- $27,700 $4,500 $23,200
2014 $2,405 $27,100 $0 $0
2013 $2,405 $33,300 $6,600 $26,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Matt Kepley

    Five Star Real Estate (Ada)

    (616) 308-7006

    1 in this area

    73 Total Sales

    Matt Kepley
    Section Image

  • T

    Buyer's Agent in 2025

    Tom Parker

    Betten Real Estate

    (800) 338-4650

    5 in this area

    28 Total Sales

    Tom Parker
    Section Image

  • D

    Seller's Agent in 2012

    Denise Atwood

    Berkshire Hathaway HomeServices MI

  • S

    Buyer's Agent in 2012

    Sue Cornell

    Greenridge Cornell & Associates

    (269) 685-5866

    1 in this area

    6 Total Sales

    Sue Cornell
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25024207

Southwestern Michigan Association of REALTORS®

APN: 54-208-047-00

Michigan Allegan County Otsego 49078

244 W Franklin St, Otsego, MI

This home is located at 244 W Franklin St, Otsego, MI 49078 and is currently priced at $156,400, approximately $94 per square foot. This property was built in 1860. 244 W Franklin 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes