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$200,000

Beds
4
Baths
2.0
sq ft
1,504

118 E Franklin St, Otsego, MI 49078

118 E Franklin St

Otsego, MI 49078

  • 4 days on market
    • Open house Mar 15
OPEN HOUSE 11-1 Sat. 3/15! Welcome to this charming 4-bedroom, 2 full-bathroom home, ideally located in the heart of Otsego! With its tall ceilings and an abundance of large windows, this home is bathed in natural light, creating a bright and inviting atmosphere throughout. The main floor features a convenient laundry, making everyday tasks a breeze. The spacious primary bedroom is located upstairs, right next to the second story full bath. While the large dining area is perfect for family gatherings and entertaining. Outside, the fenced, expansive, and secluded backyard provides an ideal setting for outdoor activities or quiet relaxation. Whether you're hosting guests or enjoying a tranquil evening at home, this property has something for everyone.Don't miss the chance to make this stunning home yours!

Details

Property type

Single Family Residence

Est. home value

$176,942

Lot size

7,841 sq ft

Price per sq ft

$133

Year built

1880

Annual property taxes

$2,259.67

Price History

03/11/2025
Realcomp

Realcomp #66025008918

Listed
$200,000
+60%
10/31/2019
Realcomp

Realcomp #65019049734

Sold
$125,000
+127.27%
01/05/2018
Realcomp

Realcomp #66017057391

Sold
$55,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Otsego

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$96,206
Asking price
$200,000
Closing costs (~8% of asking)
-$16,000
Est. remaining loan balance
-$87,794
Cash to seller
$96,206

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mortgage Center Llc

Loan start date

November 2020

Original loan amount

$97,000

Est. remaining balance

$87,794

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Kathryn Jenner and Matthew Jenner

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/15/2025 at 1:10 PM

Listing updated: 03/15/2025 at 12:44 PM

Listed by: Jessica Steele, Berkshire Hathaway HomeServices MI Phone #: (269) 342-5600

MLS: Realcomp #66025008918

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