$52,500
SOLD JAN 31, 2018

351 E Morrell St Otsego, MI 49078

2 Beds
1 Bath
1,008 Sq Ft
5,335 Sq Ft Lot

Recently Sold

$52 Per Sq Ft

5% Below List Price

49 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Corner Lot: Yes
  • Otsego High School Rated 9+
  • Farmhouse Style Home
  • Mud Room

About This Home

As of July 2018

REO home in City of Otsego ready for an investor or new Owners.

Last Agent to Sell the Property

Mark Kruizenga Kruizenga

West Michigan Real Estate Co. License #6504294532 Listed on: 12/01/2017

Last Buyer's Agent

Agent Out Of Area

Out of Area Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1890

Lot Details

  • 5,335 Sq Ft Lot
  • Lot Dimensions are 48.5x110
  • Corner Lot: Yes
  • Back Yard Fenced

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Farmhouse Style Home
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,008 Sq Ft Home
  • 2-Story Property
  • Replacement Windows
  • Mud Room
  • Living Room
  • Dining Area
  • Recreation Room
  • Basement
  • Michigan Basement
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Reserve Auction

Home Details

Home Type

Single Family

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Farmhouse
  • Stories: 2
  • Year Built: 1890
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 48.5x110
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1008.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1730.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Windows:Replacement: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • General Property Info:Fireplace: No
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Heat Type:Baseboard: Yes
  • Auction Type:Reserve: Yes
  • General Property Info:SqFt Above Grade: 1008.0
  • General Property Info Garage YN: Yes
  • Fencing:Fenced Back: Yes
  • Architectural Style Farm House: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Garage Door Opener, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 1008.0
  • Window Features: Replacement
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 400.0
  • Kitchen Features:Eating Area: Yes
  • Kitchen Features:Mud Room Access: Yes
  • Kitchen Features:Snack Bar: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fenced Back
  • Lot Features: Corner Lot, Sidewalk
  • Other Structures: Shed(s)
  • Patio and Porch Features: Deck
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
  • Water Source: Public
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 48.5x110
  • Lot Size Sq Ft: 5335.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1730.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2018
Closed on
Jul 13, 2018
Sold by
Honderd Kurt David and Bonnema Lynnel Kay Kay
Bought by
Seekman Anthony L and Keyzer Desiree L
Seller's Agent
Kristy Shepard
Turnkey Realty LLC
Buyer's Agent
Trischa Laster
Laster Real Estate LLC
List Price
$124,900
Sold Price
$126,000
Premium/Discount to List
$1,100
0.88%
Current Estimated Value
$197,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,844
Avg. Annual Appreciation
6.46%
Original Mortgage
$122,220
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2017
Sold by
Robar Jeremy R
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
May 15, 2009
Sold by
Wrobleski Scott W and Wrobleski Genevieve H
Bought by
Robar Jeremy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2007
Sold by
Mckibbin Joseph R and Mckibbin Nancy S
Bought by
Citimortgage Inc and Citifinancial Mortgage Co Inc
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 Type Sale Price Title Company
Warranty Deed $126,000 None Available
Sheriffs Deed $55,500 Attorney
Warranty Deed $82,000 Chicago Title
Sheriffs Deed $45,700 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $122,220 New Conventional
Previous Owner $87,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $126,000 +0.9% $125 / Sq Ft
06/14/2018 06/14/18 Pending -- -- --
06/12/2018 06/12/18 For Sale $124,900 +137.9% $124 / Sq Ft
01/31/2018 01/31/18 Sold $52,500 -4.5% $52 / Sq Ft
01/19/2018 01/19/18 Pending -- -- --
12/01/2017 12/01/17 For Sale $55,000 -- $55 / 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 $2,339 $80,400 $7,600 $72,800
2024 $2,004 $71,600 $4,600 $67,000
2023 $2,231 $62,600 $4,300 $58,300
2022 $2,004 $55,500 $4,300 $51,200
2021 $1,997 $51,900 $4,300 $47,600
2020 $1,969 $52,100 $4,300 $47,800
2019 $1,915 $44,100 $4,300 $39,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17057739

Southwestern Michigan Association of REALTORS®

APN: 54-111-020-01