NOT LISTED FOR SALE

308 Water St Otsego, MI 49078

Estimated Value: $155,000 - $217,080

3 Beds
1.5 Baths
1,224 Sq Ft
$145/Sq Ft Est. Value

Last Sold July 29, 2016

Last sale price $42,000 $34 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $1,169/month

13 Days on Market

Highlights

  • 66 Feet of Waterfront
  • Recreation Room
  • Storm Windows
  • Otsego High School Rated 9+
  • Traditional Architecture
  • Shed

About This Home

As of July 2016

Nice location for this diamond in the rough. Frontage on the river with great views of the bridge on North Street. Huge living room and 3 bedrooms. Home is being sold in as-is condition.

Last Agent to Sell the Property

Rich Laporte

CENTURY 21 Affiliated License #6501310417 Listed on: 07/07/2016

CENTURY 21 Affiliated

Last Buyer's Agent

Louise Honderd

Blue Ribbon Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 66 x 195
  • 66 Feet of Waterfront

Parking

  • 2 Car Garage
  • Carport

Home Design

  • Traditional Architecture
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1,224 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Living Room with Fireplace
  • Dining Area
  • Recreation Room
  • Water Views
  • Basement Fills Entire Space Under The House
  • Storm Windows

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Outdoor Features

  • Water Access
  • Shed
  • Storage Shed

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 1
  • Year Built: 1910
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 x 195
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1224.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1351.76
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Waterfront Options:Water Frontage3: 66.0
  • Windows:Screens: Yes
  • General Property Info:Fireplace: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Windows:Storms: Yes
  • General Property Info:SqFt Above Grade: 1224.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1224.0
  • Window Features: Storms, Screens
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 544.0
  • Fireplace:Living: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 44900.0
  • Other Structures: Shed(s)
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Kalamazoo River
  • Waterfront Features: River
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Carport: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Carport
  • Parking Features Carport14: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

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

Association/Amenities

  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Dimensions: 66 x 195
  • Lot Size Sq Ft: 12850.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1351.76
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2018
Sold by
Honderd Louise and Honderd Timothy
Bought by
Honderd Adam
Current Estimated Value
$177,520

Purchase Details

Listed on
Jul 7, 2016
Closed on
Aug 2, 2016
Sold by
Michigan State Housing Development Autho
Bought by
Honderd Family Trust
Seller's Agent
Rich Laporte
CENTURY 21 Affiliated
Buyer's Agent
Louise Honderd
Blue Ribbon Realty
List Price
$44,900
Sold Price
$42,000
Premium/Discount to List
-$2,900
-6.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.69%

Purchase Details

Closed on
Jun 4, 2015
Sold by
Wright Jeffrey T and Wright Jennifer L
Bought by
Michigan State Housing Development Autho

Purchase Details

Closed on
May 30, 2007
Sold by
The Marilyn Florence Hinkle Revocable Tr
Bought by
Wright Jeffrey T and Wright Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,836
Interest Rate
6.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 20, 1999
Sold by
Hinkle Jack and Hinkle Wf
Bought by
Hinkle Marilyn Trust
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
Honderd Adam $74,500 Sun Title Agency Of Michigan
Honderd Family Trust -- Fidelity Natl Title Group
Michigan State Housing Development Autho $68,000 Attorney
Wright Jeffrey T $90,000 Devon Title Agency
Hinkle Marilyn Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wright Jeffrey T $91,836
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2016 07/29/16 Sold $42,000 -6.5% $34 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
07/07/2016 07/07/16 For Sale $44,900 -- $37 / 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 $2,733 $98,800 $10,400 $88,400
2024 $2,341 $86,700 $6,300 $80,400
2023 $2,606 $79,100 $5,900 $73,200
2022 $2,341 $71,400 $5,900 $65,500
2021 $2,333 $68,200 $5,900 $62,300
2020 $2,299 $58,900 $5,900 $53,000
2019 $2,237 $51,600 $5,900 $45,700
2018 $1,544 $40,700 $5,900 $34,800
2017 $0 $34,800 $9,000 $25,800
2016 $0 $35,000 $9,000 $26,000
2015 -- $35,000 $9,000 $26,000
2014 -- $33,400 $11,600 $21,800
2013 -- $31,600 $11,800 $19,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16034581

Southwestern Michigan Association of REALTORS®

APN: 54-202-007-00