NOT LISTED FOR SALE

547 Lincoln Rd Otsego, MI 49078

Estimated Value: $153,000 - $172,407

2 Beds
1 Bath
553 Sq Ft
$294/Sq Ft Est. Value

Last Sold May 04, 2022

Last sale price $126,000 $228 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,058/month

1 Day on Market

Highlights

  • 0.83 Acre Lot
  • Property is near a preserve or public land
  • High Speed Internet
  • Wooded Lot
  • Forced Air Heating System
  • Replacement Windows

About This Home

As of May 2022

A rare find in today's market, Zero down RD loan eligible! This two bedroom house on almost an acre of land has many quality upgrades and is conveniently located. Inside you will find vaulted ceilings and an open concept kitchen/living room area. Many newer mechanicals including the furnace, hot water heater. Primary bedroom is very large with double closets and room for a desk or seating area. The second bedroom is currently being used as a main floor laundry room, however the entire house has new plumbing and supply lines are already ran for a washer hookup in the basement. The basement also has a walkout leading to a rolling and extensive backyard with a large lawn and pine forest with trails that adjoins to 19 acres of DNR owned land and the Kalamazoo River. All appliances are includ

Last Agent to Sell the Property

Jonathan Doorlag

Doorlag Realty Company Listed on: 03/18/2022

Co-Listed By

Sarah Doorlag

Doorlag Realty Company

Last Buyer's Agent

Wendy Conner

Greenridge Cornell & Associates License #6506011044

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $748

Year Built

  • Built in 1950

Lot Details

  • 0.83 Acre Lot
  • Lot Dimensions are 82 x 440.28
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned RESIDENTIAL – I, RESIDENTIAL – I

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 553 Sq Ft Home
  • 1-Story Property
  • Replacement Windows
  • Freezer
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Property is near a preserve or public land

Home Details

Home Type

Single Family

Est. Annual Taxes

$748

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82 x 440.28
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 553.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 747.94
  • Tax Info:Zoning3: RESIDENTIAL – I
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Windows:Replacement: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Lot Description:Rolling Hills: Yes
  • Substructure:Walk Out: Yes
  • Lot Description:Adj to Public Land: Yes
  • General Property Info:SqFt Above Grade: 553.0
  • General Property Info Garage YN: No
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Freezer, Refrigerator
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full, Walk-Out Access
  • LivingArea: 553.0
  • Window Features: Replacement
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 360.0
  • Appliances:Freezer: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 129900.0
  • Lot Features: Wooded, Rolling Hills, Adj to Public Land
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Broadband
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 0.83
  • Lot Size Area: 0.83
  • Lot Dimensions: 82 x 440.28
  • Lot Size Sq Ft: 36111.0
  • Zoning Description: RESIDENTIAL – I
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 747.94
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
May 4, 2022
Sold by
Joel Zuiderveen
Bought by
Lake Christian
Seller's Agent
Jonathan Doorlag
Doorlag Realty Company
Buyer's Agent
Wendy Conner
Greenridge Cornell & Associates
List Price
$129,900
Sold Price
$126,000
Premium/Discount to List
-$3,900
-3%
Current Estimated Value
$162,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,352
Avg. Annual Appreciation
7.33%
Original Mortgage
$127,272
Outstanding Balance
$121,271
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$37,977

Purchase Details

Listed on
Nov 16, 2020
Closed on
Dec 31, 2020
Sold by
Bosma Garret and Bosma Gary
Bought by
Zuiderveen Joel
Seller's Agent
Jesse Slater
Keller Williams GR East
Buyer's Agent
Chris Flach
Berkshire Hathaway HomeServices MI
List Price
$87,900
Sold Price
$86,500
Premium/Discount to List
-$1,400
-1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.41%

Purchase Details

Listed on
Nov 16, 2020
Closed on
Dec 29, 2020
Sold by
Bosma Thomas
Bought by
Bosma Gary
Seller's Agent
Jesse Slater
Keller Williams GR East
Buyer's Agent
Chris Flach
Berkshire Hathaway HomeServices MI
List Price
$87,900
Sold Price
$86,500
Premium/Discount to List
-$1,400
-1.59%

Purchase Details

Listed on
Nov 16, 2020
Closed on
Dec 28, 2020
Sold by
Estate Of Betty Mckeown
Bought by
Bosma Gary and Bosma Thomas A
Seller's Agent
Jesse Slater
Keller Williams GR East
Buyer's Agent
Chris Flach
Berkshire Hathaway HomeServices MI
List Price
$87,900
Sold Price
$86,500
Premium/Discount to List
-$1,400
-1.59%

Purchase Details

Listed on
Nov 16, 2020
Closed on
Dec 23, 2020
Sold by
Essential Properties Of Otsego Llc
Bought by
Estate Of Betty Mckeown
Seller's Agent
Jesse Slater
Keller Williams GR East
Buyer's Agent
Chris Flach
Berkshire Hathaway HomeServices MI
List Price
$87,900
Sold Price
$86,500
Premium/Discount to List
-$1,400
-1.59%

Purchase Details

Closed on
Feb 20, 2009
Sold by
Mckeown Betty
Bought by
Bosma Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
8.57%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 6, 2003
Sold by
Goucher Gilbert and Goucher Susan
Bought by
Gauthier Stephen R and Gauthier Deborah L
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
Lake Christian $126,000 Chicago Title
Zuiderveen Joel $86,500 Grand Rapids Title Co Llc
Bosma Gary -- Grand Rapids Title Company
Bosma Gary $35,000 Grand Rapids Title Co Llc
Estate Off Betty Mckeown -- Grand Rapids Title Co Llc
Bosma Gary $35,000 Grand Rapids Title
Estate Of Betty Mckeown -- Grand Rapids Title Company
Bosma Gary $35,000 None Available
Gauthier Stephen R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Christian $127,272
Previous Owner Bosma Gary $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2022 05/04/22 Sold $126,000 -3.0% $228 / Sq Ft
03/19/2022 03/19/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $129,900 +50.2% $235 / Sq Ft
12/31/2020 12/31/20 Sold $86,500 -1.6% $156 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
11/16/2020 11/16/20 For Sale $87,900 -- $159 / 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 $2,078 $75,600 $8,400 $67,200
2024 $799 $66,700 $8,400 $58,300
2023 $1,173 $57,000 $8,200 $48,800
2022 $799 $27,000 $7,900 $19,100
2021 $748 $23,100 $7,300 $15,800
2020 $899 $20,200 $6,200 $14,000
2019 $873 $18,600 $5,200 $13,400
2018 $858 $19,800 $7,700 $12,100
2017 $0 $22,200 $10,500 $11,700
2016 $0 $19,300 $8,300 $11,000
2015 -- $19,300 $8,300 $11,000
2014 $806 $16,100 $6,500 $9,600
2013 $806 $16,800 $7,000 $9,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22008660

Southwestern Michigan Association of REALTORS®

APN: 17-022-017-00