Welcome to 507 Water Street. This charming 3 bedroom home is nestled back on a quiet dead-end street only a few walking blocks from down-town Otsego. This home has all the little things to make you feel right at home, from the updated kitchen and bathroom, to the original hard wood floors. The backyard is a gem of its own with flowering trees and a large patio for entertaining and gathering. Sellers have received offers on 507 Water St. Sellers have received offers. Seller has directed all buyers to have their offer submitted by 7pm on 8/8/23.
Sold
$165,000
507 Water St, Otsego, MI 49078
3beds
1,170sqft
Single Family Residence
Built in 1953
8,712 Square Feet Lot
$207,600 Zestimate®
$141/sqft
$1,561 Estimated rent
Home value
$207,600
$195,000 - $220,000
$1,561/mo
Zestimate® history
Owner options
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$1,561/mo
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$1,561/mo
Rent Zestimate®
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$1,092/mo
Est. payment
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$1,092/mo
Est. payment
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List your homeWhat's special
Flowering treesHard wood floorsUpdated kitchenLarge patio
Zillow last checked:
Listing updated:
Listed by:
Hunter J Fowler,
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Bought with:
Linda S Lazarus, 6501380665
Michigan Top Producers
Brandon B Hamilton, 6506047983
Source: MichRIC,MLS#: 23028548
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Oven, Range, Refrigerator, Washer
Features
- Eat-in Kitchen, Pantry
- Windows: Insulated Windows
- Basement: Full
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 1,170
- Total interior livable area: 1,170 sqft
- Finished area below ground: 0
Property
Features
- Stories: 2
Lot
- Size: 8,712 sqft
- Dimensions: 82.5 x 107
- Features: Level
Details
- Parcel number: 5415000600
- Zoning description: RES
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Water: Public
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
Community & neighborhood
Location
- Region: Otsego
- Subdivision: Adams Addition to city of Otsego
Other
Other facts
- Listing terms: Cash,FHA,VA Loan,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2023 | Sold | $165,000+10%$141/sqft |
Source:  MichRIC #23028548 Report a problem | ||
| 8/9/2023 | Pending sale | $150,000$128/sqft |
Source: MichRIC #23028548 Report a problem | ||
| 8/7/2023 | Listed for sale | $150,000+30.4%$128/sqft |
Source: MichRIC #23028548 Report a problem | ||
| 5/16/2018 | Sold | $115,000$98/sqft |
Source: Public Record Report a problem | ||
| 3/12/2018 | Listed for sale | $115,000$98/sqft |
Source: 616 Realty LLC #18001159 Report a problem | ||
| 3/12/2018 | Pending sale | $115,000$98/sqft |
Source: 616 Realty LLC #18001159 Report a problem | ||
| 1/19/2018 | Price change | $115,000-8%$98/sqft |
Source: 616 Realty LLC #18001159 Report a problem | ||
| 1/11/2018 | Listed for sale | $125,000+131.5%$107/sqft |
Source: 616 Realty LLC #18001159 Report a problem | ||
| 11/9/2017 | Sold | $54,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,053 +48.9% | $75,900 +11.8% |
| 2024 | $2,051 | $67,900 +9.5% |
| 2023 | -- | $62,000 +10.7% |
| 2022 | -- | $56,000 +4.7% |
| 2021 | -- | $53,500 +15.3% |
| 2020 | -- | $46,400 +15.4% |
| 2019 | $1,748 +25.5% | $40,200 +25.6% |
| 2018 | $1,393 | $32,000 -10.6% |
| 2017 | -- | $35,800 -0.3% |
| 2016 | -- | $35,900 |
| 2015 | -- | $35,900 +5.9% |
| 2014 | $973 | $33,900 +6.6% |
| 2013 | $973 | $31,800 -3.3% |
| 2012 | -- | $32,900 -3.2% |
| 2011 | -- | $34,000 -7.6% |
| 2010 | -- | $36,800 -3.9% |
| 2009 | -- | $38,300 -16.6% |
| 2008 | -- | $45,900 +3.4% |
| 2007 | -- | $44,400 +5% |
| 2006 | -- | $42,300 +0.7% |
| 2005 | -- | $42,000 +1.2% |
| 2004 | -- | $41,500 +3.2% |
| 2003 | -- | $40,200 +0.2% |
| 2002 | -- | $40,100 +8.7% |
| 2001 | -- | $36,900 |
Find assessor info on the county website
Neighborhood: 49078
Nearby schools
GreatSchools rating
- 6/10Washington Street Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 6/10Otsego Middle SchoolGrades: 6-8Distance: 0.4 mi
- 8/10Otsego High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$207,600
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
$207,600
- Michigan
- Allegan County
- Otsego
- 49078
- 507 Water St
Nearby cities
Nearby zip codes
Other Otsego Topics
