tomo logo

$185,000

Beds
3
Baths
1.0
sq ft
1,075

507 S Farmer St, Otsego, MI 49078

507 S Farmer St

Otsego, MI 49078

  • 112 days on market
    • Price drop $5,000↓
3 bedroom and 1 bath located right in the city of Ostego. The home includes a two car detached garage as well.

Details

Property type

Condominium

Est. home value

$172,052

Lot size

9,583 sq ft

Price per sq ft

$173

Year built

1890

Annual property taxes

$2,984

Price History

01/06/2025
Realcomp

Realcomp #72024051817

Price change
$185,000
-2.63%
12/05/2024
Realcomp

Realcomp #72024051817

Price change
$190,000
-11.63%
11/13/2024
Realcomp

Realcomp #72024051817

Price change
$215,000
-8.51%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Otsego

Seller’s Loan History

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

Lender

Neighborhood Loans

Loan start date

June 2023

Original loan amount

$9,400

Est. remaining balance

Not provided

Interest rate

6.39%

Loan type

Stand Alone Second, 30 year

Seller

Bryan Gardiner

Lender

Neighborhood Loans

Loan start date

June 2023

Original loan amount

$184,594

Est. remaining balance

$181,195

Interest rate

6.39%

Loan type

FHA, 30 year

Seller

Bryan Gardiner

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?

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Status: Active

Tomo last checked: 01/22/2025 at 6:15 PM

Listing updated: 01/06/2025 at 4:10 PM

Listed by: Denise DeVries, Gateway Brokerage, LLC Phone #: (810) 225-1200

MLS: Realcomp #72024051817

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