NOT LISTED FOR SALE

508 E Franklin St Otsego, MI 49078

Estimated Value: $178,191 - $211,000

3 Beds
1 Bath
1,356 Sq Ft
$143/Sq Ft Est. Value

Last Sold March 25, 2020

Last sale price $125,500 $93 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,198/month

16 Days on Market

Highlights

  • Colonial Architecture
  • Living Room
  • Garden
  • Otsego High School Rated 9+
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of March 2020

Nice three bedroom colonial style home in Otsego. Upstairs is a walk-through that could be used as a fourth bedroom. Fenced yard, large lot, central air, large storage shed. Just painted, new carpet and new vinyl flooring.

Last Agent to Sell the Property

Brad Boone

Berkshire Hathaway HomeServices MI License #6501261340 Listed on: 01/24/2020

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Brad Boone

Berkshire Hathaway HomeServices MI License #6501261340 Listed on: 01/24/2020

Berkshire Hathaway HomeServices MI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,587

Year Built

  • Built in 1904

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 120 x 105
  • Garden
  • Back Yard Fenced

Parking

  • Unpaved Driveway

Home Design

  • Colonial Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,356 Sq Ft Home
  • 2-Story Property
  • Replacement Windows
  • Living Room
  • Dining Area
  • Partial Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,587

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Colonial
  • Stories: 2
  • Year Built: 1904
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 120 x 105
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1356.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1587.0
  • Tax Info:Zoning3: Residential
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Windows:Replacement: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • General Property Info:Fireplace: No
  • Landscape:Garden Area: Yes
  • Water Heater:Electric3: Yes
  • General Property Info:SqFt Above Grade: 1356.0
  • General Property Info Garage YN: No
  • Fencing:Fenced Back: Yes
  • Architectural Style:Colonial: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Partial
  • LivingArea: 1356.0
  • Window Features: Replacement
  • General Property Info:Stories2: 2.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fenced Back
  • List Price: 129900.0
  • Other Structures: Shed(s)
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.45
  • Lot Size Area: 0.45
  • Lot Dimensions: 120 x 105
  • Lot Size Sq Ft: 19602.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1587.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2024
Sold by
Kaur Ramanpreet
Bought by
Kaur Ramanpreet
Current Estimated Value
$193,548

Purchase Details

Listed on
Jan 24, 2020
Closed on
Mar 25, 2020
Sold by
Winn Bryan F and Winn Deborah R
Bought by
Head Philip
Seller's Agent
Brad Boone
Berkshire Hathaway HomeServices MI
Buyer's Agent
Brad Boone
Berkshire Hathaway HomeServices MI
List Price
$129,900
Sold Price
$125,500
Premium/Discount to List
-$4,400
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$123,226
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 2, 2004
Sold by
Vernia Barbara J
Bought by
Winn Bryan F and Winn Deborah R

Purchase Details

Closed on
Nov 9, 2001
Sold by
Simpson Gary and Simpson Dena Lou
Bought by
Vernia Barbara J

Purchase Details

Closed on
Jan 15, 1999
Sold by
Schanz Timothy J and Schanz Bonnie K
Bought by
Simpson Gary and Dena Lou

Purchase Details

Closed on
Jan 21, 1992
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
Kaur Ramanpreet -- None Listed On Document
Head Philip $125,500 Title Resource Agency
Winn Bryan F $28,500 Devon Title Agency
Vernia Barbara J -- Chicago Title Of Michigan In
Simpson Gary $55,000 --
-- $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Head Philip $123,226
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2020 03/25/20 Sold $125,500 -3.4% $93 / Sq Ft
02/09/2020 02/09/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $129,900 -- $96 / 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 $2,062 $75,100 $18,200 $56,900
2024 $1,781 $63,800 $11,000 $52,800
2023 $1,972 $56,600 $10,400 $46,200
2022 $1,781 $51,100 $10,400 $40,700
2021 $1,777 $38,700 $10,400 $28,300
2020 $1,195 $38,400 $10,400 $28,000
2019 $1,612 $33,400 $10,400 $23,000
2018 $1,585 $31,600 $10,400 $21,200
2017 $0 $27,700 $10,700 $17,000
2016 $0 $23,400 $7,500 $15,900
2015 -- $23,400 $7,500 $15,900
2014 $1,743 $25,200 $12,500 $12,700
2013 $1,743 $23,000 $10,700 $12,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20002931

Southwestern Michigan Association of REALTORS®

APN: 54-452-001-00