NOT LISTED FOR SALE

531 E Morrell St Otsego, MI 49078

Estimated Value: $153,000 - $174,106

3 Beds
1 Bath
864 Sq Ft
$194/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $170,000 $197 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $962/month

5 Days on Market

Highlights

  • 1 Car Detached Garage
  • Eat-In Kitchen
  • Forced Air Heating System
  • Otsego High School Rated 9+
  • Window Unit Cooling System
  • High Speed Internet

About This Home

As of May 2024

Welcome to this nice Ranch home. This home has 3 bedrooms (the biggest bedroom currently has washer and dryer in a portion of it). The kitchen has been remodeled and updated. Also, the bathroom has been updated and newer flooring throughout home along with a 6 year old roof and a brand new furnace make this that rare move in ready home under $200,000. The home also has a 1 car detached garage and a mostly fenced in backyard. This home will have lots of attention and usually I do not post when offers are due unless I actually already have some in hand. But with this property I am pretty sure we will have multiple offers so we will say that all offers are due by Tuesday 4/30/24 by 10am.

Last Agent to Sell the Property

Chuck Kinnane

Berkshire Hathaway HomeServices MI License #6501293749 Listed on: 04/25/2024

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Michael Haan

Five Star Real Estate (Main) License #6501306889

Five Star Real Estate (Main)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,165

Year Built

  • Built in 1950

Lot Details

  • 4,008 Sq Ft Lot
  • Lot Dimensions are 49 x 83
  • Level Lot
  • Back Yard Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • High Speed Internet
  • Internet Available
  • Phone Connected
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,165

Year Built

Built in 1950

Lot Details

4,008 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1950
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 185.07
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 49 x 83
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 864.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 1165.0
  • 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
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Slab: Yes
  • Appliances Microwave: Yes
  • Air Conditioning:Window Unit(s): Yes
  • General Property Info:SqFt Above Grade: 864.0
  • Laundry Features Main Level: Yes
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Fencing:Fenced Back: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Oven, Refrigerator, Washer
  • Interior Amenities: Broadband, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Slab
  • LivingArea: 864.0
  • General Property Info:Stories2: 1.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fenced Back
  • List Price: 159900.0
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: 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

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Public
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 49 x 83
  • Lot Size Sq Ft: 4008.0

Tax Info

  • Tax Annual Amount: 1165.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
May 24, 2024
Sold by
Brooks Mark E and Brooks Lisa M
Bought by
Scott Nicholas
Seller's Agent
Chuck Kinnane
Berkshire Hathaway HomeServices MI
Buyer's Agent
Michael Haan
Five Star Real Estate (Main)
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%
Views
54
Current Estimated Value
$167,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,723
Avg. Annual Appreciation
-0.93%
Original Mortgage
$136,000
Outstanding Balance
$133,805
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$33,472

Purchase Details

Closed on
Jun 8, 1993
Source: Public Records
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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
Scott Nicholas $170,000 Title Resource Agency
-- $43,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scott Nicholas $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2024 05/24/24 Sold $170,000 +6.3% $197 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $159,900 -- $185 / Sq Ft
Source: MichRIC

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 $1,200 $55,200 $6,500 $48,700
2024 $1,030 $49,100 $3,900 $45,200
2023 $1,030 $43,400 $3,700 $39,700
2022 $1,030 $38,700 $3,700 $35,000
2021 $1,027 $35,600 $3,700 $31,900
2020 $1,012 $35,900 $3,700 $32,200
2019 $985 $30,800 $3,700 $27,100
2018 $965 $28,700 $3,700 $25,000
2017 $0 $24,800 $4,200 $20,600
2016 $0 $23,000 $3,100 $19,900
2015 -- $23,000 $3,100 $19,900
2014 $754 $24,200 $7,800 $16,400
2013 $754 $22,900 $6,800 $16,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24019942

MichRIC

APN: 54-452-009-00

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