NOT LISTED FOR SALE

531 S Fair St Otsego, MI 49078

Estimated Value: $222,000 - $250,000

3 Beds
1 Bath
2,028 Sq Ft
$117/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $205,000 $101 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,742/month

41 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot: Yes
  • 2 Car Attached Garage
  • Otsego High School Rated 9+
  • Porch
  • Eat-In Kitchen

About This Home

As of July 2022

Welcome Home! This well maintained ranch is over 2000 finished square feet in Otsego Schools. Enjoying the large fenced in back yard that is connected to the oversized 2 stall garage. Most of the rooms have new flooring and paint and the basement is a blank slate. Enjoy cooking? The large kitchen is perfect for any home chef. Keep your home clean and leave your dirty shoes in the mudroom off garage. No matter where you work in West Michigan, you are a short drive with the easy access to US-131 and M-89. The City of Otsego offers amazing services including leaf, brush, trash, and recycling pickup. This home is a must see. Call and set up your private showing today!

Last Agent to Sell the Property

Derek Zokoe

Century 21 Affiliated (GR) License #6501422886 Listed on: 05/13/2022

Century 21 Affiliated (GR)

Last Buyer's Agent

Daniel Bradley

Five Star Real Estate (Rock) License #6501408481

Five Star Real Estate (Rock)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,720

Year Built

  • Built in 1952

Lot Details

  • 10,542 Sq Ft Lot
  • Lot Dimensions are 80 x 132
  • Corner Lot: Yes
  • Back Yard Fenced

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Eat-In Kitchen
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,720

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1952
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 80 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2028.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 2719.61
  • Tax Info:Zoning3: RES
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Additional Items:Ceiling Fans: Yes
  • Substructure:Crawl Space: Yes
  • General Property Info:SqFt Above Grade: 1308.0
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Architectural Style:Ranch: Yes
  • Fencing:Fenced Back: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space, Full
  • LivingArea: 2028.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Finished SQFT: 720.0
  • Basement Rooms:Total Basement SQFT: 1308.0
  • Kitchen Features:Eating Area: Yes
  • Below Grade Sq Ft: 720.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fenced Back
  • List Price: 209900.0
  • Lot Features: Corner Lot
  • 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: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Dimensions: 80 x 132
  • Lot Size Sq Ft: 10542.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2719.61
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jul 21, 2022
Sold by
Andrew Newman
Bought by
Deville Rob and Deville Mea
Seller's Agent
Derek Zokoe
Century 21 Affiliated (GR)
Buyer's Agent
Daniel Bradley
Five Star Real Estate (Rock)
List Price
$224,900
Sold Price
$205,000
Premium/Discount to List
-$19,900
-8.85%
Current Estimated Value
$237,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,567
Avg. Annual Appreciation
4.86%
Original Mortgage
$190,272
Outstanding Balance
$182,528
Interest Rate
5.78%
Mortgage Type
FHA
Estimated Equity
$55,039

Purchase Details

Listed on
May 13, 2019
Closed on
Jun 28, 2019
Sold by
Rex Douglas R
Bought by
Newman Andrew
Seller's Agent
Denise Atwood
Berkshire Hathaway HomeServices MI
Buyer's Agent
Trischa Laster
Jaqua, REALTORS
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%
Original Mortgage
$147,283
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 2016
Sold by
Rex Joyce and Rex Raymond
Bought by
Rex Joyce
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deville Rob $205,000 Lighthouse Title
Newman Andrew $150,000 None Available
Rex Joyce -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deville Rob $190,272
Previous Owner Newman Andrew $9,310
Previous Owner Newman Andrew $147,283
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2022 07/21/22 Sold $205,000 -2.3% $101 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/08/2022 06/08/22 Price Changed $209,900 -6.7% $104 / Sq Ft
05/13/2022 05/13/22 For Sale $224,900 +49.9% $111 / Sq Ft
06/28/2019 06/28/19 Sold $150,000 +0.1% $115 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $149,900 -- $115 / 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 $5,496 $109,500 $11,800 $97,700
2024 $2,729 $93,400 $7,000 $86,400
2023 $3,482 $83,000 $6,600 $76,400
2022 $2,729 $73,600 $6,600 $67,000
2021 $2,720 $65,900 $6,600 $59,300
2020 $2,681 $61,400 $6,600 $54,800
2019 $2,010 $56,700 $6,600 $50,100
2018 $2,780 $53,400 $6,600 $46,800
2017 $0 $51,000 $12,000 $39,000
2016 $0 $45,500 $9,600 $35,900
2015 -- $45,500 $9,600 $35,900
2014 $1,995 $45,700 $13,600 $32,100
2013 $1,995 $45,200 $13,200 $32,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22017858

Southwestern Michigan Association of REALTORS®

APN: 54-023-052-00