NOT LISTED FOR SALE

624 S Farmer St Otsego, MI 49078

Estimated Value: $162,000 - $210,000

3 Beds
1 Bath
1,216 Sq Ft
$151/Sq Ft Est. Value

Last Sold June 06, 2014

Last sale price $43,101 $35 Per Sq Ft

Est. 326% increase in value since last sale

Current estimated payment $1,176/month

10 Days on Market

Highlights

  • Cape Cod Architecture
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • 1 Car Detached Garage
  • Garden

About This Home

As of June 2014

3 bedroom with lots of potential! Easily accessible upstairs bedroom. Just minutes from US-131 and convenient to shopping, city park and schools.

Last Agent to Sell the Property

Steve Sterken

ART Realty LLC - I License #6502353594 Listed on: 02/21/2014

Last Buyer's Agent

Rich Bacon

Cornell & Associates License #6501198616

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 8,580 Sq Ft Lot
  • Lot Dimensions are 52 x 165
  • Garden

Parking

  • 1 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,216 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Cape Cod
  • Stories: 2
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:Lot Dimensions: 52 x 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1216.0
  • General Property Info:Design: Cape Cod
  • Tax Info:Annual Property Tax: 1694.0
  • 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
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • General Property Info:Fireplace: No
  • Landscape:Garden Area: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1216.0
  • General Property Info Garage YN: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 1216.0
  • General Property Info:Stories2: 2.0
  • Kitchen Features:Eating Area: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 39000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • 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: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 52 x 165
  • Lot Size Sq Ft: 8580.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1694.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2014
Closed on
Jun 5, 2014
Sold by
Secretary Of Housing & Urban Development
Bought by
Grimm Michael and Bacon Grimm Angela
Seller's Agent
Steve Sterken
ART Realty LLC - I
Buyer's Agent
Rich Bacon
Cornell & Associates
List Price
$39,000
Sold Price
$43,101
Premium/Discount to List
$4,101
10.52%
Current Estimated Value
$183,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,665
Avg. Annual Appreciation
13.63%
Original Mortgage
$64,825
Outstanding Balance
$51,580
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$129,468

Purchase Details

Closed on
Sep 19, 2013
Sold by
Us Bank National Association
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Apr 18, 2013
Sold by
Wehner Kathy
Bought by
U S Bank National Association

Purchase Details

Closed on
Aug 3, 2007
Sold by
Allegis Cu
Bought by
Wehner Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
6.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 3, 2006
Sold by
Credit Union Mortgage Co
Bought by
Allegis Cu

Purchase Details

Closed on
Mar 2, 2006
Sold by
Gillies Juanita K
Bought by
Credit Union Mortgage Co
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
Grimm Michael $43,101 Devon Title Agency
Secretary Of Housing & Urban Development -- None Available
U S Bank National Association $143,140 None Available
Wehner Kathy $71,000 Chicago Title
Allegis Cu -- None Available
Credit Union Mortgage Co $96,582 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grimm Michael $64,825
Previous Owner Wehner Kathy $121,800
Previous Owner Wehner Kathy Y $123,728
Previous Owner Wehner Kathy $97,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2014 06/06/14 Sold $43,101 +10.5% $35 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $39,000 -- $32 / 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 $2,097 $78,800 $7,600 $71,200
2024 $1,721 $70,500 $4,600 $65,900
2023 $1,904 $61,900 $4,300 $57,600
2022 $1,721 $55,000 $4,300 $50,700
2021 $1,717 $51,600 $4,300 $47,300
2020 $1,696 $51,900 $4,300 $47,600
2019 $1,655 $45,000 $4,300 $40,700
2018 $1,604 $42,800 $4,300 $38,500
2017 $0 $36,300 $5,000 $31,300
2016 $0 $33,900 $3,700 $30,200
2015 -- $33,900 $3,700 $30,200
2014 $1,526 $31,500 $6,800 $24,700
2013 $1,526 $29,900 $5,600 $24,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Steve Sterken

    ART Realty LLC - I

    Section Image

  • R

    Buyer's Agent in 2014

    Rich Bacon

    Cornell & Associates

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14008032

Southwestern Michigan Association of REALTORS®

APN: 54-023-083-00

Michigan Allegan County Otsego 49078

624 S Farmer St, Otsego, MI

This home is located at 624 S Farmer St, Otsego, MI 49078 since 21 February 2014 and is currently estimated at $183,766, approximately $151 per square foot. This property was built in 1950. 624 S Farmer St is a home located in Allegan County with nearby schools including Otsego High School, St. Margaret School, and Otsego Christian Academy.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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