503 S Farmer St Otsego, MI 49078
Estimated Value: $199,000 - $234,000
4
Beds
2
Baths
2,372
Sq Ft
$91/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- 2 Car Detached Garage
- Forced Air Heating System
- 1 Fireplace
About This Home
As of December 2017Great home in Otsego featuring 4 bedrooms, 2 bathrooms, fireplace and 2 car garage! Sits on .222 Acres in the desirable City of Otsego. This property is being sold as is, and would make a great investment for potential investors!
Last Agent to Sell the Property
O'Brien Real Estate License #6502102326 Listed on: 10/17/2017
Last Buyer's Agent
Sarah Barnes
Keller Williams Kalamazoo Market Center
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,334
Year Built
- Built in 1900
Lot Details
- 9,670 Sq Ft Lot
- Lot Dimensions are 72 x 144.38
Parking
- 2 Car Detached Garage
Home Design
- Traditional Architecture
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- 1 Fireplace
- Laundry on main level
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- 2 Full Bathrooms
Basement
- Michigan Basement
- Partial Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- REO, home is currently bank or lender owned
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 15, 2021
Sold by
Ciokiewicz Ryan
Bought by
Ciokiewicz Ryan and Ciokiewicz Rae A
Total Days on Market
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Outstanding Balance
$94,325
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$120,351
Purchase Details
Listed on
Oct 17, 2017
Closed on
Dec 6, 2017
Sold by
Fannie Mae
Bought by
Ciokiewicz Ryan
Seller's Agent
Patrick O'Brien
O'Brien Real Estate
Buyer's Agent
Sarah Barnes
Keller Williams Kalamazoo Market Center
List Price
$72,900
Sold Price
$72,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.44%
Original Mortgage
$69,255
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 20, 2016
Sold by
Courtney Derk and Hightower Terri
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
May 10, 2012
Sold by
Courtney Terri and Hightower Terri
Bought by
Courtney Derek
Purchase Details
Closed on
Dec 30, 2005
Sold by
Polderman Scott and Polderman Kelly
Bought by
Courtney Derek and Hightower Terri
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.4%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Dec 5, 2002
Sold by
Hud
Bought by
Polderman Scott and Polderman Kelly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
6.23%
Purchase Details
Closed on
Jan 10, 2002
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud
Purchase Details
Closed on
Oct 4, 2001
Sold by
Martin Peter T
Bought by
Chase Manhattan Mtg Corp
Purchase Details
Closed on
Oct 29, 1999
Sold by
Rumler Michael R and Rumler Billie J
Bought by
Martin Peter
Purchase Details
Closed on
Oct 19, 1992
Sold by
Lombardini Lombardini R R and Lombardini S
Bought by
Rumler Michael R and Rumler Billie J
Purchase Details
Closed on
May 1, 1991
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ciokiewicz Ryan | -- | None Available | |
| Ciokiewicz Ryan | $72,900 | First Title & Escrow Inc | |
| Federal National Mortgage Association | $79,400 | Attorney | |
| Courtney Derek | -- | None Available | |
| Courtney Derek | $99,000 | Devon Title Agency | |
| Polderman Scott | -- | -- | |
| Hud | -- | -- | |
| Chase Manhattan Mtg Corp | $84,364 | -- | |
| Martin Peter | $78,500 | -- | |
| Rumler Michael R | -- | -- | |
| -- | $32,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ciokiewicz Ryan | $104,800 | |
| Closed | Ciokiewicz Ryan | $69,255 | |
| Previous Owner | Courtney Derek | $91,000 | |
| Previous Owner | Polderman Scott | $54,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/06/2017 12/06/17 | Sold | $72,900 | 0.0% | $31 / Sq Ft |
| 11/01/2017 11/01/17 | Pending | -- | -- | -- |
| 10/17/2017 10/17/17 | For Sale | $72,900 | -- | $31 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $2,276 | $89,900 | $10,500 | $79,400 |
| 2024 | $2,749 | $78,500 | $6,300 | $72,200 |
| 2023 | $2,970 | $67,000 | $6,000 | $61,000 |
| 2022 | $2,749 | $59,600 | $6,000 | $53,600 |
| 2021 | $1,944 | $55,200 | $6,000 | $49,200 |
| 2020 | $2,046 | $54,700 | $6,000 | $48,700 |
| 2019 | $1,997 | $46,800 | $6,000 | $40,800 |
| 2018 | $1,934 | $41,900 | $6,000 | $35,900 |
| 2017 | -- | $35,700 | $6,900 | $28,800 |
| 2016 | -- | $33,100 | $5,100 | $28,000 |
| 2015 | -- | $33,100 | $5,100 | $28,000 |
| 2014 | $1,495 | $32,300 | $9,400 | $22,900 |
| 2013 | $1,495 | $30,300 | $7,700 | $22,600 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick O'Brien
Seller's Agent in 2017
Patrick O'Brien
O'Brien Real Estate
(269) 207-7446
325 Total Sales
-
S
Buyer's Agent in 2017
Sarah Barnes
Keller Williams Kalamazoo Market Center
-
M
Buyer Co-Listing Agent in 2017
Mindy Burch
Keller Williams Kalamazoo Market Center
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 17052037
APN: 54-121-005-00
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