306 Court Street

306 Court Street has been categorized by the local assessors in Otsego, MI as a residential type of property. The building on the property was first built in 1860 and is 164 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 306 Court Street has 1,231 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 825 ft and across the front of the lot is 650 ft. The area measurement of the land has been determined as 5,358 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The exterior walls of the building are made of wood. In terms of heating, it is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 306 Court Street sold most recently in Jan 10, 2020 for a total of $82,500. If you work out the math, that's approximately a cost of $67.02 per sqft. Before that, the property was also sold for $45,500 in Oct 4, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,845 in taxes each year. The initial year of tax delinquency occurred in 2021. 306 Court Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $44,700. If we break it down further, the land itself was valued at $3,200. Improvements to the property, however, were assessed at a total of $41,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.