Property Details
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This property is located at 324 Water Street in Otsego, Michigan with a zip code of 49078. The property is described as the west 33 feet of lot 8, block B Burlingham's Addition, and has a subdivision called BLK B Burlinghams Add. The assessed value of the property is $4,100.00 with a market value of $8,200.00 and is currently taxed at $243.84. This residential property measures 7405 square feet and has a lot width of 33 feet and a depth of 225 feet. It was last sold on September 22, 2022 for $59,309.00 and has heating through a forced air system.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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