$195,000
SOLD APR 18, 2025

495 Velma Ave Owosso, MI 48867

3 Beds
2 Baths
1,736 Sq Ft
0.38 Acres

Recently Sold

$112 Per Sq Ft

19% Below List Price

98 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Garden
  • Ranch Style House
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of April 2025

A Little Disarray But The "Bones" Are Good! This "Country" Home Is Located About A Block From Town, It's On A Quiet Dead End Street And Has Low Township Taxes - This Rambling Ranch Offers Tremendous Potential.....It Just Needs To Be Loved Again - So Many Outstanding Features: Hardwood Floors Under The Carpeting, Uniquely Designed Front Door, Built In Shelving And Niches, Door Handles, Solid Wood Kitchen Cabinetry, 1st Floor Laundry, Basement Family Room With Knotty Pine Paneling, A Newer Roof, Updated Electrical, Newer Central Air, Expansive Sun Deck, 2 Garden Sheds An Oversized Garage, And A Very Sought After Feature Is..... The Attached 23'x21' Workshop! A Little Bit Of Work And A Little Bit Of Love Will Make This "Gem" Sparkle Again!

Last Agent to Sell the Property

Sue Matznick

The Home Office Realty LLC License #FAAR-123057 Listed on: 12/19/2024

Last Buyer's Agent

Diana Snyder

Stonebridge Realty LLC License #GRAR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1960

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 169x112
  • Street terminates at a dead end
  • Garden

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Family Room

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Shed

Utilities

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

Community Details

  • Lyon Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 007-60-002-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,839

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Originating MLS: East Central Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Total Tax Amount: 1839
  • Total Tax Year: 2024
  • Year Built: 1960
  • Mail City: Owosso
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Microwave, Range/Oven, Refrigerator
  • Basement: Yes
  • Basement: Full, Partially Finished
  • Bedrooms: 3
  • Bedroom 1: On Entry Level, Dimensions: 12 x 11
  • Bedroom 2: On Entry Level, Dimensions: 12 x 11
  • Bedroom 3: On Entry Level, Dimensions: 11 x 9
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: Dimensions: 9 x 7, On Level: Entry
  • Bathroom 2: Dimensions: 5 x 5, On Level: Entry
  • Room Types: Family Room, First Floor Laundry
  • Family Room: In Basement, Dimensions: 32 x 13
  • Kitchen: On Entry Level, Dimensions: 18 x 11
  • Living Room: On Entry Level, Dimensions: 15 x 11
  • Below Grade Sq Ft: 1176
  • Finished Below Grade Sq Ft: 416
  • Above Grade Finished Sq Ft: 1320
  • Total Finished Sq Ft: 1736

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Deck, Garden Area
  • Foundation: Basement, Crawl
  • Frontage: 169
  • Road: Paved Street
  • Out Buildings: Shed
  • Frontage Type: Road

Garage/Parking

  • Garage: Attached Garage, Gar Door Opener, Workshop
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: 007-60-002-000
  • Lot Dimensions: 169x112
  • Acreage: 0.38
  • Geo Subdivision: MI
  • Site/Lot Features: Dead End

Tax Info

  • Summer Tax: Year: 2024, Amount: $749.00
  • Winter Tax: Year: 2024, Amount: $1,090.00
  • Total Tax: Year: 2024, Amount: $1,839.00

MLS Schools

  • School District: Owosso Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2024
Closed on
Apr 21, 2025
Sold by
Stinson Donald L and Stinson Diane
Bought by
Gruss Timothy and Gruss Dawn
Seller's Agent
Sue Matznick
The Home Office Realty LLC
Buyer's Agent
Diana Snyder
Stonebridge Realty LLC
List Price
$239,600
Sold Price
$195,000
Premium/Discount to List
-$44,600
-18.61%
Views
262
Current Estimated Value
$205,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,105
Avg. Annual Appreciation
12.56%

Purchase Details

Closed on
Dec 20, 2005
Sold by
Estate Of Flora F Howe and Dexter Sally
Bought by
Stinson Donald L and Stinson Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.48%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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 $195,000 Bell Title
Warranty Deed $124,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $35,100 Future Advance Clause Open End Mortgage
Previous Owner $94,400 Stand Alone Refi Refinance Of Original Loan
Previous Owner $124,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $195,000 -15.0% $112 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
02/11/2025 02/11/25 Price Changed $229,400 -4.3% $132 / Sq Ft
12/19/2024 12/19/24 For Sale $239,600 -- $138 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,804 $107,700 $0 $0
2024 $1,804 $106,900 $0 $0
2023 $716 $94,900 $0 $0
2022 $1,011 $80,000 $0 $0
2021 $1,596 $74,300 $0 $0
2020 $933 $69,500 $0 $0
2019 $1,207 $62,400 $0 $0
2018 $1,582 $58,400 $0 $0
2017 $1,268 $56,700 $0 $0
2016 -- $56,700 $0 $0
2015 -- $54,100 $0 $0
2014 -- $51,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50163305

Michigan Multiple Listing Service

APN: 007-60-002-000