NOT LISTED FOR SALE

503 W Franklin St Otsego, MI 49078

Estimated Value: $117,000 - $172,000

3 Beds
2 Baths
1,144 Sq Ft
$126/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $55,000 $48 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $947/month

9 Days on Market

Highlights

  • Corner Lot: Yes
  • Living Room
  • Forced Air Heating and Cooling System
  • Otsego High School Rated 9+
  • Shed
  • Dining Area

About This Home

As of January 2022

503 W Franklin St Otsego MI 49078 This is a 3 bedroom 2 bath 1986 Holly Park MFG home. It sits on a .15 acre corner city lot.The master bedroom features a master bathroom. There is a laundry hookup on main level and the home has central air. It is conveniently located in the city of Otsego and is within walking distance to school. Property is owned by the US Dept. of HUD Case #263-394957 Insurability Code is IN (insured) Hud homes are sold AS IS. Seller will not make any repairs, Seller does not pay for Title Work or inspections. Seller may contribute up to 3% of the sales price to buyers closing cost, upon request Equal Housing Opportunity. For More Information Including Lead Based Paint Disclosures Condition Report Go To Hudhomestore.com Or KMMRealty.co

Last Agent to Sell the Property

Richard Stewart

REO Specialists, L.L.C. License #6502431179 Listed on: 11/17/2021

Last Buyer's Agent

Becky Sheppard

Jaqua, REALTORS License #6501333375

Jaqua, REALTORS

Property Details

Home Type

  • Manufactured Home

Year Built

  • Built in 1986

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50 x 132
  • Corner Lot: Yes

Parking

  • Unpaved Driveway

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1,144 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Crawl Space
  • Laundry on main level

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Shed
  • Storage Shed

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned

Property Details

Home Type

Manufactured Home

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub-Type: Manufactured Home
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1986
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Manufactured Home
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50 X 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 1144.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1771.46
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • Substructure:Crawl Space: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1144.0
  • General Property Info Garage YN: No
  • Architectural Style:Ranch: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: MobileManufactured

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Crawl Space
  • LivingArea: 1144.0
  • General Property Info:Stories2: 1.0
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 40000.0
  • Lot Features: Corner Lot
  • Other Structures: Shed(s)
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Garage: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 50 X 132
  • Lot Size Sq Ft: 6600.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1771.46
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Jan 26, 2022
Sold by
Secretary Of Housing And Urban Developme
Bought by
Wallace Cody E
Seller's Agent
Richard Stewart
REO Specialists, L.L.C.
Buyer's Agent
Becky Sheppard
Jaqua, REALTORS
List Price
$40,000
Sold Price
$55,000
Premium/Discount to List
$15,000
37.5%
Current Estimated Value
$144,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,500
Avg. Annual Appreciation
36.79%
Original Mortgage
$48,750
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2021
Sold by
Wilmington Savings Fund Society Fsb
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Mar 4, 2021
Sold by
Flickinger Michael and Flickinger Elizabeth
Bought by
Wilmington Savings Fund Society Fsb and Stanwich Mortgage Loan Trusts

Purchase Details

Closed on
Jan 12, 2007
Sold by
Guess Myrtle and Flickinger Elizabeth
Bought by
Flickinger Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,550
Interest Rate
6.21%
Mortgage Type
FHA

Purchase Details

Closed on
May 5, 2006
Sold by
Va
Bought by
Guess Myrtle and Flickinger Elizabeth

Purchase Details

Closed on
Aug 28, 2003
Sold by
Union Federal Bank Of Indianapolis
Bought by
Va

Purchase Details

Closed on
Aug 7, 2003
Sold by
Hoffa Lisa J
Bought by
Union Federal Bank Of Indianapolis and Union Fsb Of Indianapolis

Purchase Details

Closed on
Mar 16, 2001
Sold by
Hoffa Lisa
Bought by
Dyer James and Dyer Janice

Purchase Details

Closed on
Apr 14, 1999
Sold by
Leonard Deborah
Bought by
Hoffa Lisa

Purchase Details

Closed on
May 6, 1988
Sold by
Leonard Robert
Bought by
Leonard Deborah
Source: Public Records

Range of Values:

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Average Value
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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
Wallace Cody E $55,000 Devon Title Agency
Secretary Of Housing & Urban Development -- None Available
Secretary/Housing & Urban Dev -- None Listed On Document
Wilmington Savings Fund Society Fsb $82,489 None Available
Flickinger Michael $60,000 Devon Title Agency
Guess Myrtle -- Devon
Va -- --
Union Federal Bank Of Indianapolis $63,454 --
Dyer James $78,000 --
Hoffa Lisa $70,000 --
Leonard Deborah -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Cody E $48,750
Previous Owner Flickinger Michael $58,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $55,000 +37.5% $48 / Sq Ft
11/26/2021 11/26/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $40,000 -- $35 / 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 $2,156 $54,800 $7,300 $47,500
2024 $1,052 $52,500 $4,400 $48,100
2023 $1,738 $45,500 $4,100 $41,400
2022 $1,052 $43,700 $4,100 $39,600
2021 $1,461 $43,200 $4,100 $39,100
2020 $1,762 $33,200 $4,100 $29,100
2019 $1,418 $28,900 $4,100 $24,800
2018 $1,387 $28,400 $4,100 $24,300
2017 $0 $21,900 $4,800 $17,100
2016 $0 $32,800 $3,500 $29,300
2015 -- $32,800 $3,500 $29,300
2014 $1,480 $30,300 $6,500 $23,800
2013 $1,480 $28,700 $5,300 $23,400
Source: Public Records

Agents Affiliated with this Home

  • Richard Stewart

    Seller's Agent in 2022

    Richard Stewart

    REO Specialists, L.L.C.

    (269) 345-7000

    4 in this area

    241 Total Sales

    Richard Stewart
    Section Image
  • Becky Sheppard

    Buyer's Agent in 2022

    Becky Sheppard

    Jaqua, REALTORS

    (888) 631-3200

    30 in this area

    171 Total Sales

    Becky Sheppard
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21115389

Southwestern Michigan Association of REALTORS®

APN: 54-320-128-00

Michigan Allegan County Otsego 49078

503 W Franklin St, Otsego, MI

This home is located at 503 W Franklin St, Otsego, MI 49078 since 17 November 2021 and is currently estimated at $144,500, approximately $126 per square foot. This property was built in 1986. 503 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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