Three bedroom, two bath ranch on 0.7 acre just outside of the city limits on a low traffic dead end street, yet close to town and walking distance to schools with the benefit of public water/sewer, natural gas, high-speed internet and cable, and still has lower township taxes. Large attached 2.5 car garage is deep and has workshop space, and room for a 3rd vehicle. Plus 24x32 pole barn with concrete floor and electricity. Spacious main floor laundry room. Large living room with cove ceilings. Sunroom with vaulted ceiling, gas fireplace overlooks the park-like setting with deck and firepit for hours of outdoor enjoyment. Sales includes 2nd parcel #007-07-300-016.
Sold for $250,000
$250,000
498 Velma Ave, Owosso, MI 48867
3beds
2,252sqft
Single Family Residence
Built in 1959
0.7 Acres Lot
$284,800 Zestimate®
$111/sqft
$1,985 Estimated rent
Home value
$284,800
$271,000 - $299,000
$1,985/mo
Zestimate® history
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List your homeWhat's special
Vaulted ceilingGas fireplaceHigh-speed internetCove ceilingsNatural gasClose to town
Zillow last checked:
Listing updated:
Listed by:
Morgan Beilfuss 989-277-7860,
The Home Office Realty LLC
Bought with:
Scott McReynolds, 6501445506
Red Oak Associates
Source: MiRealSource,MLS#: 50133435
Originating MLS: East Central Association of REALTORS
Originating MLS: East Central Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom 1
- Features: Wood
- Level: Main
- Area: 154
- Dimensions: 14 x 11
Bedroom 2
- Features: Wood
- Level: Main
- Area: 132
- Dimensions: 12 x 11
Bedroom 3
- Features: Wood
- Level: Main
- Area: 88
- Dimensions: 11 x 8
Bathroom 1
- Level: Main
Bathroom 2
- Level: Main
Family room
- Level: Main
- Area: 315
- Dimensions: 21 x 15
Kitchen
- Level: Main
- Area: 170
- Dimensions: 17 x 10
Living room
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Range/Oven, Refrigerator, Washer
- Laundry: First Floor Laundry, Main Level
Features
- Flooring: Hardwood, Wood
- Basement: Block,Full,Partially Finished
- Number of fireplaces: 1
- Fireplace features: Family Room, Gas
Interior area
- Total structure area: 2,792
- Total interior livable area: 2,252 sqft
- Finished area above ground: 1,752
- Finished area below ground: 500
Property
Parking
- Total spaces: 2.5
- Parking features: Attached, Electric in Garage, Garage Door Opener, Workshop in Garage
- Attached garage spaces: 2.5
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Porch
- Frontage length: 120
Lot
- Size: 0.70 Acres
- Dimensions: 120 x 269
Details
- Additional structures: Pole Barn
- Parcel number: 00760007000
- Special conditions: Private
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Other, Vinyl Siding
- Foundation: Basement
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Owosso
- Subdivision: Lyon Terrace
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan,USDA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2024 | Sold | $250,000-3.8%$111/sqft |
Source:  MiRealSource #50133435 Report a problem | ||
| 3/2/2024 | Pending sale | $259,900$115/sqft |
Source:  Realcomp II #5050133435 Report a problem | ||
| 2/28/2024 | Listed for sale | $259,900$115/sqft |
Source: MiRealSource #50133435 Report a problem | ||
| 2/21/2024 | Pending sale | $259,900$115/sqft |
Source: MiRealSource #50133435 Report a problem | ||
| 2/14/2024 | Listed for sale | $259,900+4%$115/sqft |
Source: MiRealSource #50133435 Report a problem | ||
| 10/26/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/21/2023 | Price change | $250,000-3.8%$111/sqft |
Source: Realcomp II #20230063810 Report a problem | ||
| 8/21/2023 | Price change | $260,000-5.5%$115/sqft |
Source: Realcomp II #20230063810 Report a problem | ||
| 8/2/2023 | Price change | $275,000+5.8%$122/sqft |
Source: Realcomp II #20230063810 Report a problem | ||
| 5/30/2023 | Pending sale | $260,000$115/sqft |
Source: Owner Report a problem | ||
| 5/24/2023 | Listed for sale | $260,000$115/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $136,100 -0.9% |
| 2024 | $2,258 +6.3% | $137,300 +13.8% |
| 2023 | $2,125 | $120,700 +16.7% |
| 2022 | -- | $103,400 +8.2% |
| 2021 | $1,946 | $95,600 +7.8% |
| 2020 | -- | $88,700 +13.7% |
| 2019 | -- | $78,000 +5.4% |
| 2018 | -- | $74,000 +3.1% |
| 2017 | -- | $71,800 |
| 2016 | -- | $71,800 +5.1% |
| 2015 | -- | $68,300 +5.4% |
| 2014 | -- | $64,800 +0.8% |
| 2012 | -- | $64,300 -17.1% |
| 2010 | -- | $77,600 -14.9% |
| 2007 | -- | $91,200 |
| 2006 | -- | $91,200 +10.8% |
| 2005 | -- | $82,300 +1.6% |
| 2004 | -- | $81,000 +2.7% |
| 2002 | -- | $78,900 +25.8% |
| 2001 | -- | $62,700 +8.5% |
| 2000 | -- | $57,800 |
Find assessor info on the county website
Neighborhood: 48867
Nearby schools
GreatSchools rating
- 6/10Emerson SchoolGrades: K-5Distance: 0.7 mi
- 4/10Owosso Middle SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Owosso High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- District: Owosso Public Schools
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$284,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$284,800
- Michigan
- Shiawassee County
- Owosso
- 48867
- 498 Velma Ave
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Other Owosso Topics
