NOT LISTED FOR SALE

Estimated Value: $208,000 - $322,000

2 Beds
1 Bath
2,112 Sq Ft
$125/Sq Ft Est. Value

Sale Details

Date Sold: July 9, 2014

Last sale price $75,000 $36 Per Sq Ft

Est. 253% increase in value since last sale

Current estimated payment $1,583 / mo

141 Days on Market

Highlights

  • 1.04 Acre Lot
  • Baseboard Heating
  • Wood Siding

About This Home

As of July 2014

Cute,cozy, country atmosphere, and efficient too. Live in one side of this great duplex and rent out the other side and pay for the whole duplex! Low utility costs! Each side includes open floor plan, living/dining-kithcne area, bath and bedroom, with appliances included. One side is currently rented for $550.00 per month - the other is ready for you to call home. Owner is having the exterior freshly painted. Wonderful Otsego location. Call today to see this great investment.

Last Agent to Sell the Property

Margo Roberts

Cornell & Associates License #6501312572 Listed on: 12/30/2013

Co-Listed By

Julie Vilas

Cornell & Associates License #6501311951

Last Buyer's Agent

Julie Vilas

Cornell & Associates License #6501311951

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1968

Lot Details

  • 1.04 Acre Lot

Parking

  • 10 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected
  • Well
  • Septic System
  • Cable TV Available

Community Details

  • Insurance Expense $700
  • Gross Income $13,200

Listing and Financial Details

  • The owner pays for gas

Property Details

Home Type

Apartment

Year Built

Built in 1968

Lot Details

1.04 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 72000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Baseboard, Hot Water
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Well

Lot Info

  • Lot Size Acres: 1.04
  • Lot Size Area: 1.04
  • Lot Size Sq Ft: 45302.0

Rental Info

  • Owner Pays: Gas

Multi Family

  • Gross Income: 13200.0
  • Insurance Expense: 700.0

Tax Info

  • Tax Annual Amount: 1887.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2013
Closed on
Jul 9, 2014
Sold by
Otte Thomas R and Otte Deborah I
Bought by
Seller's Agent
Margo Roberts
Cornell & Associates
Buyer's Agent
Julie Vilas
Cornell & Associates
List Price
$69,900
Sold Price
$75,000
Premium/Discount to List
$5,100
7.3%
Current Estimated Value
$264,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,723
Avg. Annual Appreciation
10.95%
Original Mortgage
$73,565
Interest Rate
4.12%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$75,000 Devon
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $62,000
Closed Hendrie Paul J $73,565
Previous Owner Otte Thomas $14,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/09/2014 07/09/14 Sold $75,000 +7.3% $36 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
12/30/2013 12/30/13 For Sale $69,900 -- $33 / Sq Ft
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,141 $109,300 $11,100 $98,200
2025 $2,013 $108,800 $11,100 $97,700
2024 $1,600 $96,300 $11,100 $85,200
2023 $1,629 $82,700 $10,800 $71,900
2022 $1,600 $75,500 $10,300 $65,200
2021 $1,508 $75,100 $9,600 $65,500
2020 $1,494 $73,700 $8,200 $65,500
2019 $1,441 $57,900 $6,800 $51,100
2018 $1,374 $54,900 $7,000 $47,900
2017 $0 $48,300 $9,300 $39,000
2016 $0 $43,700 $7,000 $36,700
2015 -- $43,700 $7,000 $36,700
2014 $2,058 $39,300 $5,600 $33,700
2013 $2,058 $40,200 $6,000 $34,200
Source: Public Records

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Map

Source: MichRIC

MLS Number: 13069964

MichRIC

APN: 17-022-058-10

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