Sold
324 S Fair Street, Otsego, MI 49078
Sold on 04/23/2026 for$149,000
MLS # 26006631 (Michigan Regional Information Center (MichRIC))
3 beds2 baths2,054 sqftBuilt 18800.13 acres
1 / 15
Listing Description
324 S Fair St Otsego MI 49078 3 bedroom 1 1/2 bath home for sale. FHA Case #265-101251 Code IE 203k eligible For More Info. including Lead Based Paint Disclosures & Condition Report, Go To Hudhomestore.gov or rainecompanies.com, Buyer to verify all info. HUD does NOT pay for title insurance. Raine makes no warranty as to the existence of mold in this property & is not liable for the potentially harmful effects thereof and makes no warranty as to the condition of the property. See attached LBP & Disclosure for HUD Homes. ASK ABOUT SPECIAL $100 DOWN FINANCING AVAILABLE ON HUD HOMES
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 2,054 sq ft home built in 1880 sits in Otsego Township in Otsego.
Final sale price: $149,000 (about $73/sq ft).
Estimated annual property tax: $4,265, or about $355 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,054 sqft
Lot Size0.13 acres
Year Built1880
Stories2
Location
CityOtsego
MunicipalityOtsego City
Zip Code49078
CountyAllegan
School DistrictOtsego
Construction & Systems
StyleOther
ConstructionVinyl Siding
BasementCrawl Space, Partial
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected
Sale & Financing
Listed2/23/2026
Sold Date4/22/2026
Original Price$180,000
Terms AcceptedCash, FHA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,265
Tax Year2025
Assessed Value$67,900
Parcel #54-100-095-70
Source: SparkMLS
Legal Description
ELY 1/2 OF SLY 2/5 OF LOT 95 O. P. SEC 22 & 23.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Richard L Stewart
REO Specialists, L.L.C.
Frequently Asked Questions about 324 S Fair Street, Otsego, MI 49078
Which school district serves 324 S Fair Street, Otsego, MI 49078?
Per MLS# 26006631, 324 S Fair Street, Otsego, MI 49078 is in the Otsego boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Otsego directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26006631, this listing accepts Cash, FHA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 324 S Fair Street, Otsego, MI 49078?
Per public tax records, annual property taxes for this property are $4,265 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 324 S Fair Street, Otsego, MI 49078 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 324 S Fair Street, Otsego, MI 49078 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 324 S Fair Street, Otsego, MI 49078?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Michigan Gas Utilities Corporation. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Otsego City police department or the Allegan County sheriff's office.
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Monthly payment$966
Principal & interest$966
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
324 S Fair Street, Otsego, MI 49078
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Municipality
Otsego Township
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