Sold
507 Water Street, Otsego, MI 49078
Sold on 09/08/2023 for$165,000
MLS # 23028548 (Michigan Regional Information Center (MichRIC))
3 beds1 bath1,170 sqftBuilt 19530.2 acres
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Listing Description
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.
Source: SparkMLS
About this home
Located in Otsego Township in Otsego, this property offers 3-bedroom, 1-bath, 1,170 sq ft, with original construction dating to 1953.
Closed at $165,000 (about $141/sq ft).
Annual property taxes run approximately $2,036 ($170/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; natural gas by Michigan Gas Utilities Corporation. Broadband is available with download speeds up to 1,000 Mbps from 7 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,170 sqft
Lot Size0.2 acres
Year Built1953
Stories2
Location
CityOtsego
MunicipalityOtsego City
Zip Code49078
CountyAllegan
School DistrictOtsego
Construction & Systems
StyleTraditional
ConstructionAluminum Siding
BasementFull
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Storm Sewer, High-Speed Internet
InteriorEat-in Kitchen, Pantry
Sale & Financing
Listed8/6/2023
Sold Date9/7/2023
Terms AcceptedCash, FHA, VA Loan, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,036
Tax Year2023
Assessed Value$45,051
Parcel #54-150-006-00
Source: SparkMLS
Legal Description
LOT 6 ADAMS ADDITION TO THE CITY OF OTSEGO
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 Hunter J Fowler
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Frequently Asked Questions about 507 Water Street, Otsego, MI 49078
Which school district serves 507 Water Street, Otsego, MI 49078?
Per MLS# 23028548, 507 Water 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.
What type of financing is accepted for this listing?
Per MLS# 23028548, this listing accepts Cash, FHA, VA Loan, 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 507 Water Street, Otsego, MI 49078?
Per public tax records, annual property taxes for this property are $2,036 (2023). 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, 507 Water 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 507 Water 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 507 Water Street, Otsego, MI 49078. The maximum advertised download speed is 1.0 Gbps. 7 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 507 Water 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.
Map
Mortgage Calculator
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Monthly payment$973
Principal & interest$973
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
7 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
507 Water Street, Otsego, MI 49078
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Municipality
Otsego Township
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