For Sale
338 College Street, Olivet, MI 49076
$209,900
MLS # 26031462 (Michigan Regional Information Center (MichRIC))
5 beds3 baths2,148 sqftBuilt 18760.32 acres
1 / 26
Listing Description
You don't to miss out on this huge 5-bedroom 3 full bath house right next to Olivet University and Olivet schools. Was rented out to Olivet University students and a single family. new carpet and redone wood floors in the kitchen. The house is grandfather clause in at the township as a Rentel. The rental yearly income has been $25,000 to $30,000 pre year. Don't miss out on this one.
Source: SparkMLS
About this home
5-bedroom, 3-bath, 2,148 sq ft home in Olivet in Olivet built in 1876.
Listed at $209,900 (about $98/sq ft).
Property tax estimate: $2,600 per year ($217/month). 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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms3
Living Area2,148 sqft
Lot Size0.32 acres
Year Built1876
Stories2
Location
CityOlivet
MunicipalityOlivet City
Zip Code49076
CountyEaton
School DistrictOlivet
Construction & Systems
StyleTraditional
ConstructionAluminum Siding
BasementFull
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected
Sale & Financing
Listed6/23/2026
Terms AcceptedCash, FHA, VA Loan, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,600
Tax Year2025
State Equalized Value$93,200
Taxable Value$93,200
Assessed Value$95,716
Parcel #60004060180500
Source: Public Records
Legal Description
COM 270 FT E & 50 FT S OF NW CORNER LOT 193, E TO E LINE LOT 193, S TO SE CORNER, WLY TO POINT 100 FT ELY OF SE CORNER LOT 192, NLY ABOUT 150 FT TO BEG. ASSESSORS PLAT NO. 3, CITY OF OLIVET 76
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 Deborah A Ables
616 Realty LLC
Frequently Asked Questions about 338 College Street, Olivet, MI 49076
What school district is 338 College Street, Olivet, MI 49076 in?
Per MLS# 26031462, this property is served by Olivet. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 338 College Street, Olivet, MI 49076?
Per MLS# 26031462, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, MSHDA, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26031462, the most recent reported annual property tax for 338 College Street, Olivet, MI 49076 is $2,600 (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.
Is 338 College Street, Olivet, MI 49076 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 338 College Street, Olivet, MI 49076 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Olivet City police department or the Eaton County sheriff's office.
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Monthly payment$1,361
Principal & interest$1,361
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
338 College Street, Olivet, MI 49076
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Municipality
Olivet
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