NOT LISTED FOR SALE

502 W Franklin St Otsego, MI 49078

Estimated Value: $112,000 - $173,000

1 Bed
1 Bath
606 Sq Ft
$228/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $71,000 $117 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $835/month

10 Days on Market

Highlights

  • Recreation Room
  • Corner Lot: Yes
  • Bungalow
  • Otsego High School Rated 9+
  • Living Room
  • Forced Air Heating System

About This Home

As of September 2017

This home is located at 502 W Franklin St, Otsego, MI 49078 since 14 July 2017 and is currently estimated at $138,143, approximately $227 per square foot. This property was built in 1948. 502 W Franklin St is a home located in Allegan County with nearby schools including Otsego High School, Otsego Christian Academy, and St. Margaret School.

Last Agent to Sell the Property

Brad Boone

Berkshire Hathaway HomeServices MI License #6501261340 Listed on: 07/14/2017

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Mark Heather

Coldwell Banker Sneller Real Estate License #6501361247

Coldwell Banker Sneller Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $939

Year Built

  • Built in 1948

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100 x 132
  • Corner Lot: Yes
  • Level Lot

Home Design

  • Bungalow
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 606 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Recreation Room
  • Partial Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$939

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1948
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 606.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 939.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Lot Description:Level: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • General Property Info:SqFt Above Grade: 606.0
  • General Property Info Garage YN: No
  • Architectural Style Bungalow: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Partial
  • LivingArea: 606.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 480.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 69900.0
  • Lot Features: Corner Lot, Level
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Dimensions: 100 x 132
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 939.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2017
Closed on
Sep 29, 2017
Sold by
Henline Matthew C and Henline Nichole R
Bought by
Lofton Jacqualine D
Seller's Agent
Brad Boone
Berkshire Hathaway HomeServices MI
Buyer's Agent
Mark Heather
Coldwell Banker Sneller Real Estate
List Price
$69,900
Sold Price
$71,000
Premium/Discount to List
$1,100
1.57%
Current Estimated Value
$138,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,143
Avg. Annual Appreciation
8.68%
Original Mortgage
$71,717
Outstanding Balance
$60,159
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$77,984

Purchase Details

Closed on
Aug 1, 2014
Sold by
Todd Ronald E
Bought by
Heinline Matthew C and Henline Nichole R

Purchase Details

Closed on
Dec 28, 2011
Sold by
Todd Ronald E
Bought by
Henline Matthew C and Henline Nichole R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2006
Sold by
Christopher Kevin E
Bought by
Todd Ronald E

Purchase Details

Closed on
Jun 25, 2004
Sold by
Irish Donna
Bought by
Christopher Kevin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2002
Sold by
Cutshaw Fay and Cutshaw Richard S
Bought by
Cutshaw Richard S and Cutshaw Richard S

Purchase Details

Closed on
Jan 31, 2001
Sold by
Cutshaw Fay
Bought by
Cutshaw Fay and Cutshaw Richard

Purchase Details

Closed on
Nov 3, 1995
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
Lofton Jacqualine D $71,000 None Available
Heinline Matthew C -- None Available
Henline Matthew C $30,000 None Available
Todd Ronald E $64,000 Devon Title Agency
Christopher Kevin E $65,000 Devon Title Agency
Irish Donna $45,000 Devon Title Agency
Cutshaw Richard S -- --
Cutshaw Fay -- --
-- $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lofton Jacqualine D $71,717
Previous Owner Henline Matthew C $53,600
Previous Owner Irish Donna $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold $71,000 +1.6% $117 / Sq Ft
07/24/2017 07/24/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $69,900 -- $115 / 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 $1,235 $52,100 $14,500 $37,600
2024 $1,060 $43,600 $8,800 $34,800
2023 $1,179 $38,700 $8,300 $30,400
2022 $1,060 $33,700 $8,300 $25,400
2021 $1,056 $32,000 $8,300 $23,700
2020 $1,041 $32,200 $8,300 $23,900
2019 $1,014 $28,200 $8,300 $19,900
2018 $988 $27,800 $8,300 $19,500
2017 $0 $24,900 $9,000 $15,900
2016 $0 $21,800 $6,500 $15,300
2015 -- $21,800 $6,500 $15,300
2014 $1,657 $24,000 $11,500 $12,500
2013 $1,657 $21,800 $9,500 $12,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brad Boone

    Berkshire Hathaway HomeServices MI

    (269) 207-5691

    36 in this area

    85 Total Sales

    Brad Boone
    Section Image

  • M

    Buyer's Agent in 2017

    Mark Heather

    Coldwell Banker Sneller Real Estate

    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17034752

Southwestern Michigan Association of REALTORS®

APN: 54-320-098-00

Michigan Allegan County Otsego 49078

502 W Franklin St, Otsego, MI

This home is located at 502 W Franklin St, Otsego, MI 49078 since 14 July 2017 and is currently estimated at $138,143, approximately $227 per square foot. This property was built in 1948. 502 W Franklin 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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