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Otsego 49078
802 Kay Street
$300,000
● House - Off Market

802 Kay Street

Otsego, MI 49078
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,198 Ft²
$1,918
Est. Monthly

About This Property

When quality meets value, it's something  special just like this impeccably maintained home. The upper level offers 3 spacious bedrooms with great closet space and a full bath with dual sinks. The main level features an open kitchen with ample cabinets, stainless steel appliances, solid surface counters, ceramic flooring, dining area. Generous open living room with a slider to a private, fenced patio. The lower level includes a laundry area with walk-up access, a 2nd full bath, family room with fireplace, and game room area with garden-level windows. The finished basement adds a bar and another large flex space. 2-car attached + 2-car detached garages, a shed, and plenty of parking. All appliances stay with home and all furnishings negotiable!
Unit Size
2,198 Ft²
Days on Market
19 days
Land Size
0.27 acres
Price per sqft
$136
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 months ago (MichRIC MLS #26001240)

Price History

Date / Event Date Event Price
Feb 17, 2026 Sold
Premium
Sold
Jan 17, 2026 In contract -
In contract
Jan 11, 2026 Listed by The Charles Reinhart Company $299,500
Listed by The Charles Reinhart Company
Dec 1, 2025 No longer available -
No longer available
Jun 10, 2025 Withdrawn -
Withdrawn
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 920
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,892
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,794
  • Building Area: 1,794
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,794
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEBROOK
  • Land Acres: 0000000273
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 15 RIDGEBROOK SUBDV. SEC 26 T1N R12W.

Neighborhood

  • School District Name: Otsego Public Schools
  • School Tax School District: OTSEGO 20
  • Census Tract: 031900

Zoning

  • Zoning: R-A

Geography

  • District: 54
  • Parcel: 54-750-015-00
  • Lot: 15
  • Meridian: SEC 26 TWN 01N RNG 12W
  • Municipality: OTSEGO CITY
  • Latitude: 42.4499
  • Longitude: -85.6874

    Address

  • Full Address: 802 Kay St
  • Address - House Number: 802
  • Address - Street Name: Kay
  • Address - Suffix Type: St
  • State: MI
  • City Name: Otsego
  • Carrier Code: C003
  • 4-Digit Zip Code: 1552
  • Zip Code: 49078

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $619,379
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.256
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 48
  • Final Value: 243,945
  • High Value: 306,397
  • Low Value: 181,492

    Market Valuation

  • Market Total Value: $233,400
  • Market Land Value: $20,000
  • Market Improvement Value: $213,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,700
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $106,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 22
  • Previous Sale Recording Date: May 13, 2021
  • Previous Sale Contract Date: May 06, 2021
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 71

    Last Sale Mortgage

  • First Mortgage Lender:
    Premium
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Otsego

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$149

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1451 ft²

Average Home Age

106.5 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: Tracey Roy, The Charles Reinhart Company
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 26001240
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 802 Kay Street built and last sold?
The property at 802 Kay Street was built in 1963 and last sold on May 6, 2021 for $230,000.
How much is this home worth?
The estimated value of the home located at 802 Kay Street is $300,691.
What are some comparable homes to 802 Kay Street?
There are currently no comparable homes to 802 Kay Street.
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