NOT LISTED FOR SALE

523 S Fair St Otsego, MI 49078

Estimated Value: $150,000 - $201,000

2 Beds
1.5 Baths
1,300 Sq Ft
$132/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $108,150 $83 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,087/month

12 Days on Market

Highlights

  • Deck
  • Garden
  • 1-Story Property
  • Shed
  • Forced Air Heating System

About This Home

As of October 2021

Where can you find a 2 bedroom, 1 1/2 bath home with a large yard in Otsego for only $105,000? Check out 523 S Fair St before it's gone! You're walking distance to Memorial Park & close to shopping and hwy. The yard is spectacular. Pretty mature trees & fire pit area. You only need to finish one side to be totally fenced. Seller & (very nice) neighbor have had conversation to share the cost and work together to benefit both yards, so if it's important to you, please check in with them! Great savings & a win-win! The house is shot-gun style with living rm, BR, kitchen, 1/2 bath, main BR w/bath, laundry/storage area, & back rm which makes for a sunny office (nice desk can stay!). There's also deck/backyard access. The basement houses the mechanicals & offers you more storage. Come see! Seller said: 'This location is also close to the best library in the County! It's a 5 minute walk!' This home is also an easy walking line to all of the schools.

Last Agent to Sell the Property

Catherine Gasper

Evenboer Walton, REALTORS License #6506041891 Listed on: 08/12/2021

Co-Listed By

Cherish Paska

Evenboer Walton, REALTORS License #6501414812

Last Buyer's Agent

Erik Droste

Berkshire Hathaway HomeServices MI

Berkshire Hathaway HomeServices MI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,484

Year Built

  • Built in 1930

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 60 x 181.5
  • Garden

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Basement
  • Michigan Basement
  • Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,484

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1930
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60 x 181.5
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1300.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1483.74
  • Waterfront Options:Water Access YN: No
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Substructure:Michigan Basement: Yes
  • Landscape:Flower Garden: Yes
  • General Property Info:SqFt Above Grade: 900.0
  • General Property Info Garage YN: No
  • Architectural Style:Ranch: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Michigan Basement
  • LivingArea: 1300.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Finished SQFT: 400.0
  • Appliances Range: Yes
  • Below Grade Sq Ft: 400.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 105000.0
  • Other Structures: Shed(s)
  • Patio and Porch Features: Deck
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Garage: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Dimensions: 60 x 181.5
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1483.74
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Nov 9, 2021
Sold by
Shimizu Leslie and Golden Leslie
Bought by
Short Adam and Short Tracy
Seller's Agent
Catherine Gasper
Evenboer Walton, REALTORS
Buyer's Agent
Erik Droste
Berkshire Hathaway HomeServices MI
List Price
$105,000
Sold Price
$108,150
Premium/Discount to List
$3,150
3%
Current Estimated Value
$171,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,650
Avg. Annual Appreciation
13.64%
Original Mortgage
$106,190
Outstanding Balance
$98,042
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$77,529

Purchase Details

Closed on
Feb 24, 2014
Sold by
Golden Leslie
Bought by
Golden Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,500
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2004
Sold by
Hanson Henry Dwain and Hanson Sally J
Bought by
Golden Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,120
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 22, 1987
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
Short Adam $108,150 Title Devon
Golden Leslie -- Lsi
Golden Leslie $73,900 Chicago Title
-- $21,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Short Adam $106,190
Closed Short Adam $3,785
Closed Short Tracy $106,190
Closed Short Tracy $3,785
Previous Owner Golden Leslie $48,500
Previous Owner Golden Leslie $59,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $108,150 +3.0% $83 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $105,000 -- $81 / 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 $1,765 $53,300 $10,400 $42,900
2024 $1,513 $44,200 $6,200 $38,000
2023 $1,684 $39,600 $5,800 $33,800
2022 $1,513 $35,400 $5,800 $29,600
2021 $1,414 $32,100 $5,800 $26,300
2020 $1,484 $41,400 $5,800 $35,600
2019 $1,444 $38,300 $5,800 $32,500
2018 $1,407 $36,400 $5,800 $30,600
2017 $0 $36,000 $10,600 $25,400
2016 $0 $31,800 $8,400 $23,400
2015 -- $31,800 $8,400 $23,400
2014 $1,374 $32,900 $12,000 $20,900
2013 $1,374 $32,400 $11,600 $20,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21100170

Southwestern Michigan Association of REALTORS®

APN: 54-122-017-00