Sold
508 S Farmer Street, Otsego, MI 49078
Sold on 05/01/2026 for$244,000
MLS # 26005899 (Michigan Regional Information Center (MichRIC))
4 beds2 baths1,872 sqftBuilt 19000.18 acres
1 / 20
Listing Description
Welcome to 508 S Farmer Street! This charming 4-bedroom, 2-bath home with a bonus loft area sits in the heart of downtown Otsego and offers the perfect blend of character and convenience. Enjoy your morning coffee on the inviting front porch or unwind on the beautiful deck overlooking the yard. Located in the highly desirable Otsego School District, this home provides spacious living, walkability, and small-town charm. Don't miss your chance to make this wonderful property yours!
Source: SparkMLS
About this home
Located in Otsego Township in Otsego, this property offers 4-bedroom, 2-bath, 1,872 sq ft, with original construction dating to 1900.
Closed at $244,000 (about $130/sq ft).
Annual property taxes run approximately $4,047 ($337/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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area1,872 sqft
Lot Size0.18 acres
Year Built1900
Stories2
Location
CityOtsego
MunicipalityOtsego City
Zip Code49078
CountyAllegan
School DistrictOtsego
Construction & Systems
StyleTraditional
ConstructionVinyl Siding
BasementMichigan Basement, Partial
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed2/17/2026
Sold Date4/30/2026
Terms AcceptedCash, FHA, VA Loan, Rural Development, MSHDA, Conventional
Concessions$6
Source: SparkMLS
Tax Information
Annual Tax$4,047
Tax Year2025
Assessed Value$90,300
Parcel #5412000600
Source: SparkMLS
Legal Description
SLY 46 FT OF NLY 128.5 FT OF ELY 165 FT BLOCK 20 ALSO SLY 4 FT OF N 82.5 FT OF E 80 FT BLOCK 20 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 Jessica Steele
Berkshire Hathaway HomeServices MI
Frequently Asked Questions about 508 S Farmer Street, Otsego, MI 49078
What school district is 508 S Farmer Street, Otsego, MI 49078 in?
Per MLS# 26005899, this property is served by Otsego. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26005899, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, Rural Development, 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# 26005899, the most recent reported annual property tax for 508 S Farmer Street, Otsego, MI 49078 is $4,047 (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 508 S Farmer Street, Otsego, MI 49078 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, 508 S Farmer Street, Otsego, MI 49078 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: Michigan Gas Utilities Corporation. 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 Otsego City police department or the Allegan County sheriff's office.
Loading map...
Mortgage Calculator
$
%
$
$
$
Monthly payment$1,492
Principal & interest$1,492
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
508 S Farmer Street, Otsego, MI 49078
View full property history →
Municipality
Otsego Township
View all listings →
Get email alerts for new listings near 508 S Farmer Street
We'll notify you when something hits the market in Otsego Township or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.