NOT LISTED FOR SALE

538 E Hammond St Otsego, MI 49078

Otsego Area

Estimated Value: $225,000 - $242,000

Studio
-- Baths
-- Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: April 18, 2023

Last sale price $120,000

Est. 96% increase in value since last sale

Current estimated payment $1,812 / mo

14 Days on Market

About This Home

As of April 2023

Great investment opportunity in the City of Otsego. This two unit property has long standing rental history and is ready to be added to your portfolio. Call to schedule a tour.

Last Agent to Sell the Property

Ben Otis

Weichert REALTORS Plat Allegan License #6502390146 Listed on: 03/16/2023

Weichert REALTORS Plat Allegan

Last Buyer's Agent

Brad Boone

Berkshire Hathaway HomeServices MI License #6501261340

Berkshire Hathaway HomeServices MI

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,862

Year Built

  • Built in 1880

Lot Details

  • 14,026 Sq Ft Lot
  • Lot Dimensions are 85 x 165
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Natural lighting in basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,862

Year Built

Built in 1880

Lot Details

0.32 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 85 x 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R-B
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Daylight: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Tax Info:Seller_squote_s Annual Property Tax2: 2861.66
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 135000.0
  • Lot Features: Level
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Dimensions: 85 x 165
  • Lot Size Sq Ft: 14026.0
  • Zoning Description: R-B

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2861.66
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Esm Investments Llc
Bought by
Current Estimated Value
$235,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,296
Outstanding Balance
$90,806
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$144,451

Purchase Details

Listed on
Mar 16, 2023
Closed on
Apr 18, 2023
Sold by
Stough Michael
Bought by
Esm Investments Llc
Seller's Agent
Ben Otis
Weichert REALTORS Plat Allegan
Buyer's Agent
Brad Boone
Berkshire Hathaway HomeServices MI
List Price
$135,000
Sold Price
$120,000
Premium/Discount to List
-$15,000
-11.11%
Views
154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.11%
Original Mortgage
$96,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2002
Sold by
Lewis Hazel
Bought by
Stough Michael and Stough Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
9.4%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Otsego, MI

  • Tantzi Habsburg Real Estate Agent - RE/MAX Lakeshore

    Tantzi Habsburg

    RE/MAX Lakeshore

    (231) 366-9884

    67 Total Sales

    1 in Otsego

    $235,000 Price

    Tantzi Habsburg
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  • Colleen Dawson Real Estate Agent - Five Star Real Estate

    Colleen Dawson

    Five Star Real Estate

    (269) 557-0723

    132 Total Sales

    2 in Otsego

    $105K - $150K Price Range

    Colleen Dawson
     Section Image
  • Lori Knoll Ambs Real Estate Agent - Five Star Real Estate-W Q Ave

    Lori Knoll Ambs

    Five Star Real Estate-W Q Ave

    (269) 775-4877

    104 Total Sales

    3 in Otsego

    $255K - $330K Price Range

    Lori Knoll Ambs
     Section Image
  • Justine Hooper Real Estate Agent - Amplified Real Estate

    Justine Hooper

    Amplified Real Estate

    (269) 397-8986

    150 Total Sales

    5 in Otsego

    $200K - $230K Price Range

    Justine Hooper
     Section Image
  • Travis McIntyre Real Estate Agent - Bellabay Realty (North)

    Travis McIntyre

    Bellabay Realty (North)

    (616) 965-6065

    229 Total Sales

    3 in Otsego

    $155K - $394K Price Range

    Travis McIntyre
     Section Image
  • Christine Merryweather Real Estate Agent - Chuck Jaqua, REALTOR

    Christine Merryweather

    Chuck Jaqua, REALTOR

    (616) 222-2879

    119 Total Sales

    4 in Otsego

    $232K - $465K Price Range

    Christine Merryweather
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$92,296 None Listed On Document
Esm Investments Llc $120,000 None Listed On Document
Stough Michael $96,000 Devon Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $92,296
Previous Owner Esm Investments Llc $96,000
Previous Owner Stough Michael $81,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/18/2023 04/18/23 Sold $120,000 -11.1% --
03/30/2023 03/30/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $135,000 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,256 $100,200 $16,600 $83,600
2025 $4,601 $99,300 $14,000 $85,300
2024 $2,862 $72,500 $0 $0
2023 $3,090 $77,500 $7,800 $69,700
2022 $2,862 $68,900 $7,800 $61,100
2021 $2,828 $61,000 $7,800 $53,200
2020 $2,791 $62,400 $7,800 $54,600
2019 $2,745 $57,000 $7,800 $49,200
2018 $2,690 $52,600 $7,800 $44,800
2017 $0 $49,700 $12,800 $36,900
2016 $0 $42,500 $9,500 $33,000
2015 -- $42,500 $9,500 $33,000
2014 $2,809 $43,500 $13,700 $29,800
2013 $2,809 $43,200 $13,400 $29,800
Source: Public Records

Agents Affiliated with this Home

  • Ben Otis Real Estate Agent - Weichert REALTORS Plat Allegan

    Seller's Agent in 2023

    Ben Otis

    Weichert REALTORS Plat Allegan

    (616) 275-2998

    199 Total Sales

    Ben Otis
    Section Image

  • BB

    Buyer's Agent in 2023

    Brad Boone

    Berkshire Hathaway HomeServices MI

    (269) 207-5691

    81 Total Sales

    Brad Boone
    Section Image
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Map

Source: MichRIC

MLS Number: 23007699

MichRIC

APN: 54-455-017-00

Michigan Allegan County Otsego 49078

538 E Hammond St, Otsego, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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