NOT LISTED FOR SALE

525 W Franklin St Otsego, MI 49078

Estimated Value: $126,000 - $180,000

2 Beds
1 Bath
1,145 Sq Ft
$132/Sq Ft Est. Value

Last Sold November 28, 2022

Last sale price $91,000 $79 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $994/month

9 Days on Market

Highlights

  • 1 Car Detached Garage
  • Porch
  • Forced Air Heating System
  • Otsego High School Rated 9+
  • Shed
  • Ceiling Fan

About This Home

As of November 2022

Good size two bedroom home with potential. Home needs some updating, but was just lived in recently.

Last Agent to Sell the Property

Brad Boone

Berkshire Hathaway HomeServices MI License #6501261340 Listed on: 09/27/2022

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Joshua Scheidler

Epique Realty License #6501420261

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,265

Year Built

  • Built in 1944

Lot Details

  • 6,621 Sq Ft Lot
  • Lot Dimensions are 50 x 132
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,145 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Storage Shed
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,265

Year Built

Built in 1944

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1944
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • 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: 1145.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1265.0
  • 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
  • Lot Description:Level: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Slab: Yes
  • Additional Items:Ceiling Fans: Yes
  • Water Heater:Natural Gas4: Yes
  • Substructure:Crawl Space: Yes
  • Heat Source:Wood2: Yes
  • Heat Type:Wood3: Yes
  • General Property Info:SqFt Above Grade: 1145.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space, Slab
  • LivingArea: 1145.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 99900.0
  • Lot Features: Level, Sidewalk
  • Other Structures: Shed(s)
  • Patio and Porch Features: Porch(es)
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Patio and Porch Features:Porch(es): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 50 x 132
  • Lot Size Sq Ft: 6621.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1265.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2005
Sold by
Evink Amy L
Bought by
Mele Gina R and Mele Steve
Current Estimated Value
$150,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,357
Outstanding Balance
$43,519
Interest Rate
5.75%
Mortgage Type
FHA
Estimated Equity
$100,456

Purchase Details

Closed on
Apr 14, 1994
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
Mele Gina R $82,000 Chicago Title
-- $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mele Gina R $81,357
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2022 11/28/22 Sold $91,000 -8.9% $79 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $99,900 -- $87 / 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 $2,333 $62,600 $7,300 $55,300
2024 $1,269 $55,800 $4,400 $51,400
2023 $1,933 $49,300 $4,100 $45,200
2022 $1,269 $45,000 $4,100 $40,900
2021 $1,265 $41,600 $4,100 $37,500
2020 $1,247 $41,200 $4,100 $37,100
2019 $1,213 $34,500 $4,100 $30,400
2018 $1,182 $32,700 $4,100 $28,600
2017 $0 $28,100 $4,800 $23,300
2016 $0 $26,200 $3,500 $22,700
2015 -- $26,200 $3,500 $22,700
2014 $1,393 $27,500 $9,000 $18,500
2013 $1,393 $26,200 $7,800 $18,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brad Boone

    Berkshire Hathaway HomeServices MI

    (269) 207-5691

    36 in this area

    85 Total Sales

    Brad Boone
    Section Image

  • J

    Buyer's Agent in 2022

    Joshua Scheidler

    Epique Realty

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22041498

Southwestern Michigan Association of REALTORS®

APN: 54-320-123-00

Michigan Allegan County Otsego 49078

525 W Franklin St, Otsego, MI

This home is located at 525 W Franklin St, Otsego, MI 49078 since 27 September 2022 and is currently estimated at $150,773, approximately $131 per square foot. This property was built in 1944. 525 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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