NOT LISTED FOR SALE

417 S Farmer St Otsego, MI 49078

Estimated Value: $187,000 - $225,588

3 Beds
1 Bath
1,874 Sq Ft
$109/Sq Ft Est. Value

Last Sold November 19, 2013

Last sale price $49,253 $26 Per Sq Ft

Est. 317% increase in value since last sale

Current estimated payment $1,264/month

9 Days on Market

Highlights

  • In Ground Pool
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Otsego High School Rated 9+

About This Home

As of November 2013

Here is your chance to own a nice home in Otsego. This home offers 3 bedrooms 1/2 baths and over 1800 of square feet of living space. Call for your private tour.

Last Agent to Sell the Property

Steve Sterken

ART Realty LLC - I License #6502353594 Listed on: 08/21/2013

Last Buyer's Agent

David Howard

CENTURY 21 C. Howard License #6504113599

CENTURY 21 C. Howard

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1880

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 82.5 x 165

Parking

  • 2 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,874 Sq Ft Home
  • 2-Story Property
  • Basement
  • Michigan Basement

Bedrooms and Bathrooms

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

Pool

  • In Ground Pool

Utilities

  • Forced Air Heating 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 1880

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Other
  • Stories: 2
  • Year Built: 1880
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82.5 X 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1874.0
  • General Property Info:Design: Other
  • Tax Info:Annual Property Tax: 1955.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Pool:OutdoorInground: Yes
  • General Property Info:SqFt Above Grade: 1874.0
  • General Property Info Garage YN: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 1874.0
  • General Property Info:Stories2: 2.0

Exterior Features

  • Construction Materials: Vinyl Siding, Other
  • List Price: 48000.0
  • Lot Features: Sidewalk
  • Pool Features: Outdoor/Inground
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Dimensions: 82.5 X 165
  • Lot Size Sq Ft: 13613.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1955.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2013
Closed on
Nov 19, 2013
Sold by
Secretary Of Housing & Urban Development
Bought by
Morgan Julie
Seller's Agent
Steve Sterken
ART Realty LLC - I
Buyer's Agent
David Howard
CENTURY 21 C. Howard
List Price
$48,000
Sold Price
$49,253
Premium/Discount to List
$1,253
2.61%
Current Estimated Value
$205,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,894
Avg. Annual Appreciation
12.36%
Original Mortgage
$59,600
Outstanding Balance
$44,829
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$151,692

Purchase Details

Closed on
Jul 19, 2013
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jun 6, 2013
Sold by
Shindollar Amber L and Black Tiffany T
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 11, 2011
Sold by
Wenning Timothy S and Wenning Kathy Ann
Bought by
Shindollar Amber and Black Tiffany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,747
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 11, 2010
Sold by
Wells Fargo Bank National Association
Bought by
Wenning Timothy S

Purchase Details

Closed on
Jan 21, 2010
Sold by
Ewing Chrystal and Ewing Jerry
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Oct 22, 2004
Sold by
Graff Leonard
Bought by
Ewing Jerry A and Ewing Chrystal M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,925
Interest Rate
5.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 21, 2004
Sold by
Graff Carole Patricia
Bought by
Graff Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,925
Interest Rate
5.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 26, 2001
Sold by
Graff Leonard and Graff Carole
Bought by
Ewing Jerry and Ewing Chyrstal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 15, 2000
Bought by
Graff Leon and Graff Carole

Purchase Details

Closed on
Jul 20, 2000
Sold by
Zapf John and Clemens Merricay
Bought by
Contimortgage

Purchase Details

Closed on
Jan 23, 1998
Sold by
Zapf John and Clemens Merricay

Purchase Details

Closed on
Apr 29, 1997
Sold by
Arums Valdis
Bought by
Zapf John and Clemens Merricay

Purchase Details

Closed on
Jul 1, 1994
Sold by
Bankers Trust and Bankers Arums

Purchase Details

Closed on
Oct 21, 1993
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
Morgan Julie $49,253 None Available
Secretary Of Housing & Urban Development -- None Available
Wells Fargo Bank Na $52,500 None Available
Shindollar Amber $84,900 Ppr Title Agency Llc
Wenning Timothy S $29,000 Platinum Title Services
Wells Fargo Bank National Association $109,726 None Available
Ewing Jerry A $94,506 --
Graff Leonard $3,000 --
Ewing Jerry $98,000 --
Graff Leon $40,000 --
Contimortgage $60,000 --
-- -- --
Zapf John $72,300 --
-- $43,800 --
-- $32,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Julie $59,600
Previous Owner Shindollar Amber $82,747
Previous Owner Ewing Jerry A $110,925
Previous Owner Ewing Jerry $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2013 11/19/13 Sold $49,253 +2.6% $26 / Sq Ft
08/30/2013 08/30/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $48,000 -- $26 / 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 $2,106 $97,900 $12,500 $85,400
2024 $1,805 $85,500 $7,500 $78,000
2023 $2,009 $73,300 $7,100 $66,200
2022 $1,805 $65,400 $7,100 $58,300
2021 $1,799 $60,700 $7,100 $53,600
2020 $1,773 $60,300 $7,100 $53,200
2019 $1,725 $52,300 $7,100 $45,200
2018 $1,681 $47,200 $7,100 $40,100
2017 $0 $40,900 $7,800 $33,100
2016 $0 $38,000 $5,600 $32,400
2015 -- $38,000 $5,600 $32,400
2014 $1,723 $36,900 $9,900 $27,000
2013 $1,723 $35,000 $8,200 $26,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13049999

Southwestern Michigan Association of REALTORS®

APN: 54-115-006-00