NOT LISTED FOR SALE

531 Lincoln Rd Otsego, MI 49078

Estimated Value: $211,000 - $229,000

2 Beds
2 Baths
1,398 Sq Ft
$155/Sq Ft Est. Value

Last Sold June 22, 2012

Last sale price $51,374 $37 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $1,459/month

20 Days on Market

Highlights

  • Family Room with Fireplace
  • Attached Garage
  • 1-Story Property
  • Wooded Lot
  • Forced Air Heating System

About This Home

As of June 2012

A warm and cozy 2 bedroom, 2 full baths home has much to offer and is a great starter or retirement home. A master bedroom with plenty of room for a sitting/reading area and private bath. The formal dining room and the living room have large windows to let in lots of light. There is a fireplace for those cozy nights also a family room with wood burner stove. The basement has an egress window so the room could be used as a bedroom or office. A 1 car attached garage and another full garage behind the house for storage.

Last Agent to Sell the Property

Steve Sterken

ART Realty LLC - I License #6502353594 Listed on: 03/22/2012

Last Buyer's Agent

Steve Sterken

ART Realty LLC - I License #6502353594 Listed on: 03/22/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1963

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 119x103
  • Shrub
  • Wooded Lot

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,398 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System
  • Cable TV Available

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1963
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:Lot Dimensions: 119x103
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1398.0
  • General Property Info:Design: Ranch
  • Tax Info:Annual Property Tax: 2478.0
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Landscape:ShrubsHedges: 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
  • Util Avail at Street:Cable2: Yes
  • General Property Info:Fireplace: No
  • Substructure:Crawl Space: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1398.0
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Family, Living, Wood Burning
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Crawl Space, Partial
  • LivingArea: 1398.0
  • General Property Info:Stories2: 1.0
  • Fireplace:Living: Yes
  • Fireplace:Family: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 55000.0
  • Lot Features: Wooded
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached
  • Garage:Garage2: Yes
  • Garage Type:_one_: Yes
  • Parking Features Attached2: Yes

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Amenities: Other
  • Association: Yes

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Dimensions: 119x103
  • Lot Size Sq Ft: 12197.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2478.0
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2019
Sold by
Lazer Investments Llc
Bought by
531 Lincoln Rd Llc
Current Estimated Value
$217,317

Purchase Details

Closed on
Dec 12, 2016
Sold by
Fifth Third Mortgage Company
Bought by
Lazer Investments Llc

Purchase Details

Closed on
Mar 17, 2016
Sold by
Myers Angela M
Bought by
Fifth Third Mortgage Company

Purchase Details

Listed on
Mar 22, 2012
Closed on
Jun 20, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Myers Angela M
Seller's Agent
Steve Sterken
ART Realty LLC - I
Buyer's Agent
Steve Sterken
ART Realty LLC - I
List Price
$55,000
Sold Price
$51,374
Premium/Discount to List
-$3,626
-6.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.57%
Original Mortgage
$54,080
Interest Rate
3.83%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 6, 2012
Sold by
Citimortgage Inc
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Mar 17, 2011
Sold by
Branch Greg and Branch Rinda
Bought by
Citimortgage Inc

Purchase Details

Closed on
Jun 16, 2006
Sold by
Martin Dorothy and Martin Theron
Bought by
Branch Greg P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
9.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2004
Sold by
Bourgoin Living Trust
Bought by
Martin Theron and Martin Dorothy
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
531 Lincoln Rd Llc -- None Available
Lazer Investments Llc $52,000 Servicelink
Fifth Third Mortgage Company $54,875 None Available
Myers Angela M $51,374 Bell Title
Secretary Of Housing & Urban Development -- None Available
Citimortgage Inc $99,198 None Available
Branch Greg P $89,000 Devon Title Agency
Martin Theron $67,780 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Myers Angela M $54,080
Previous Owner Branch Greg $98,353
Previous Owner Branch Greg P $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2012 06/22/12 Sold $51,374 -6.6% $37 / Sq Ft
04/11/2012 04/11/12 Pending -- -- --
03/22/2012 03/22/12 For Sale $55,000 -- $39 / 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 $3,230 $99,900 $6,500 $93,400
2024 $2,757 $87,400 $6,500 $80,900
2023 $2,789 $74,400 $6,400 $68,000
2022 $2,757 $67,600 $6,100 $61,500
2021 $2,625 $64,600 $5,600 $59,000
2020 $2,596 $57,100 $4,800 $52,300
2019 $2,547 $54,000 $4,000 $50,000
2018 $2,501 $50,700 $4,200 $46,500
2017 -- $47,600 $2,500 $45,100
2016 -- $44,300 $1,900 $42,400
2015 -- $44,300 $1,900 $42,400
2014 $1,239 $38,400 $1,500 $36,900
2013 $1,239 $39,000 $1,600 $37,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12015332

Southwestern Michigan Association of REALTORS®

APN: 17-022-022-00