NOT LISTED FOR SALE

365 W Morrell St Otsego, MI 49078

Estimated Value: $115,000 - $162,682

-- Bed
2 Baths
1,139 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $55,000 $48 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $935/month

About This Home

As of July 2018

Great Opportunity to own a duplex in Otsego. Each Unit offers 1 bedroom/1 bath, Living room, kitchen with stove and fridge. Easy Maintenance. Owner pays gas, water & garbage.

Last Agent to Sell the Property

Jorene Morrow

Jaqua, REALTORS License #6501280990 Listed on: 07/16/2018

Jaqua, REALTORS

Last Buyer's Agent

Michael Reijonen

Michigan Lifestyle Properties / Gull Lake Realty License #6501323494

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1950

Lot Details

  • 6,969 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • 2 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50X140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1200.0
  • 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:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Slab: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 64900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6969.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1200.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2018
Closed on
Jul 27, 2018
Sold by
Woznici Kacie
Bought by
Edward Franklin H
Seller's Agent
Jorene Morrow
Jaqua, REALTORS
Buyer's Agent
Michael Reijonen
Michigan Lifestyle Properties / Gull Lake Realty
List Price
$64,900
Sold Price
$55,000
Premium/Discount to List
-$9,900
-15.25%
Current Estimated Value
$138,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,171
Avg. Annual Appreciation
12.95%

Purchase Details

Closed on
Dec 23, 2014
Sold by
Woznicki Mechelle
Bought by
Woznicki Kacie

Purchase Details

Listed on
Jul 23, 2014
Closed on
Sep 19, 2014
Sold by
Fontaine Dorgan Llc
Bought by
Woznicki Mechelle
Seller's Agent
Mark DeLavern
Berkshire Hathaway HomeServices MI
Buyer's Agent
Jorene Morrow
Jaqua, REALTORS
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.21%

Purchase Details

Closed on
Apr 24, 2009
Sold by
Dorgan Keith and Fontaine Dru
Bought by
Fontaine Dorgan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,149
Interest Rate
4.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 3, 2005
Sold by
Crans Henry and Crans Virginia M
Bought by
Fontaine Dru and Dorgan Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2004
Sold by
Crans Henry and Crans Virginia M
Bought by
Dorgan Keith and Fontaine Dru
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
Edward Franklin H $55,000 Devon Title
Woznicki Kacie $45,000 None Available
Woznicki Mechelle $45,000 None Available
Fontaine Dorgan Llc -- Devon Otsego
Fontaine Dru $30,000 Unified Title
Dorgan Keith -- Devon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fontaine Dru $53,149
Previous Owner Fontaine Dru $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2018 07/27/18 Sold $55,000 -15.3% $48 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $64,900 +44.2% $57 / Sq Ft
09/19/2014 09/19/14 Sold $45,000 -9.8% $40 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
07/23/2014 07/23/14 For Sale $49,900 -- $44 / 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 $2,143 $53,300 $7,300 $46,000
2024 $1,758 $45,800 $4,400 $41,400
2023 $1,896 $39,200 $4,200 $35,000
2022 $1,758 $34,100 $4,200 $29,900
2021 $1,738 $32,100 $4,200 $27,900
2020 $1,715 $31,800 $4,200 $27,600
2019 $1,687 $26,900 $4,200 $22,700
2018 $1,341 $27,100 $4,200 $22,900
2017 $0 $23,200 $4,800 $18,400
2016 $0 $20,500 $3,500 $17,000
2015 -- $20,500 $3,500 $17,000
2014 $1,407 $20,400 $6,600 $13,800
2013 $1,407 $19,100 $5,400 $13,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jorene Morrow

    Jaqua, REALTORS

    (269) 685-6858

    3 in this area

    30 Total Sales

    Section Image

  • M

    Buyer's Agent in 2018

    Michael Reijonen

    Michigan Lifestyle Properties / Gull Lake Realty

    (269) 615-3476

    11 Total Sales

    Section Image

  • M

    Seller's Agent in 2014

    Mark DeLavern

    Berkshire Hathaway HomeServices MI

    (269) 998-4833

    23 in this area

    142 Total Sales

    Section Image

  • T

    Seller Co-Listing Agent in 2014

    Theresa Kisinger-DeLavern

    Berkshire Hathaway HomeServices MI

    (269) 491-3393

    23 in this area

    143 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18033448

Southwestern Michigan Association of REALTORS®

APN: 54-400-068-00

Michigan Allegan County Otsego 49078

365 W Morrell St, Otsego, MI

This home is located at 365 W Morrell St, Otsego, MI 49078 since 16 July 2018 and is currently estimated at $138,171, approximately $121 per square foot. This property was built in 1950. 365 W Morrell 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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