NOT LISTED FOR SALE

367 Oak Ln Lake Orion, MI 48362

Estimated Value: $355,000 - $477,000

3 Beds
2 Baths
1,152 Sq Ft
$377/Sq Ft Est. Value

Last Sold August 10, 2023

Last sale price $360,000 $312 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,050/month

9 Days on Market

Highlights

  • 159 Feet of Waterfront
  • Deck
  • Hot Water Heating System
  • Paint Creek Elementary School Rated A-
  • No HOA
  • Gas Fireplace

About This Home

As of August 2023

Your Chance to Secure a Double Lakefront Location with House on Lake Orion and Enchanting Life on “The Lake” ***
This Spot is Spectacular *** Oak Lane, A Dead-End Street Boasts only a Hand Full of Houses and This House is the Only One on North Side of Street.
You Will Not Be Cramped Here, No House is Nearby so Plenty of Room to Rehab, Add on or Start Over ***
Original Owner Thoughtfully Designed the House to Offer Bewitching Angles, via Use of Post and Beam Construction ***
Full Basement is Noteworthy with a Walk Out Towards the Lake *** Two Road Frontages Help Insure No Other Houses Nearby and Ample Parking, Another Unique Feature that Can Be so Rare on the Lake.
Full Brick Fireplace *** Two Slides to Deck Offer Paramount Views of the Lake *** Plenty of Mature Trees add to Seclusion and Tranquil Atmosphere ***
This Property Needs a Total Redo Top to Bottom *** Property is being sold “as-is, where-is” CASH only.
Please stay off the deck!

Last Agent to Sell the Property

Kathleen Sanchez

Real Estate One-Oxford License #6501263015 Listed on: 07/24/2023

Real Estate One-Oxford

Last Buyer's Agent

Brian Bischer

Utica Realty LLC License #6501316042

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1928 | Remodeled in 1968

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 218 x 159 x 122 x 72
  • 159 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Irregular Lot

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,152 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Great Room with Fireplace
  • Unfinished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 0902301004

Community Details

Overview

  • No Home Owners Association

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,578

Year Built

Built in 1928 | Remodeled in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Level: 2 Story
  • Assessment: 430.00
  • Year Built: 1928
  • State Equalized Value: 142260.0000
  • Year Renovated: 1968
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Great Room
  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Access
  • Sq Ft Combined: 1152
  • Total Sq Ft: 1152
  • Sq Ft Total Bsmt: 576

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Lake Orion
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 218
  • Porch Type: Deck
  • Road Frontage Type: Paved
  • Water Frontage Feet: 159.00
  • Waterfront Description: Lake Front

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lake Orion

Lot Info

  • Homestead: Yes
  • Lot Features: Dead End Street, Irregular
  • Lot Size Area: 0.30
  • Lot Dimensions: 218 x 159 x 122 x 72
  • Parcel Number: 0902301004

Tax Info

  • Tax Amount Summer: 3398.0000
  • Tax Amount Winter: 1180.0000
  • Total Tax: 4578.0000
  • Taxable Value: 92640.0000

Multi Family

  • Waterfront Features: All Sports Lake

MLS Schools

  • School District: Lake Orion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2024
Sold by
Helms Kevin E and Helms Sara L
Bought by
Woods Timothy and Woods Dawn
Current Estimated Value
$434,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,500
Outstanding Balance
$401,341
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$32,548

Purchase Details

Listed on
Jul 24, 2023
Closed on
Aug 11, 2023
Sold by
Heslip Patrick
Bought by
Helms Kevin E and Helms Sara L
Seller's Agent
Kathleen Sanchez
Real Estate One-Oxford
Buyer's Agent
Brian Bischer
Utica Realty LLC
List Price
$400,000
Sold Price
$360,000
Premium/Discount to List
-$40,000
-10%
Views
120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%

Purchase Details

Listed on
Jul 24, 2023
Closed on
Aug 1, 2023
Sold by
Borg Richard A
Bought by
Borg Richard A and Heslip Patrick
Seller's Agent
Kathleen Sanchez
Real Estate One-Oxford
Buyer's Agent
Brian Bischer
Utica Realty LLC
List Price
$400,000
Sold Price
$360,000
Premium/Discount to List
-$40,000
-10%
Views
120

Purchase Details

Closed on
Apr 23, 1998
Sold by
Borg Pauline
Bought by
Borg Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.25%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Woods Timothy $459,000 None Listed On Document
Helms Kevin E $360,000 None Listed On Document
Borg Richard A -- None Listed On Document
Borg Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woods Timothy $409,500
Previous Owner Borg Richard $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2023 08/10/23 Sold $360,000 -10.0% $313 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $400,000 -- $347 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,960 $145,810 $0 $0
2023 $3,567 $174,740 $0 $0
2022 $4,577 $142,260 $0 $0
2021 $4,392 $141,240 $0 $0
2020 $3,276 $125,120 $0 $0
2019 $3,074 $121,500 $0 $0
2018 $4,151 $120,820 $0 $0
2017 $3,748 $120,820 $0 $0
2016 $3,723 $106,080 $0 $0
2015 -- $98,600 $0 $0
2014 -- $94,560 $0 $0
2011 -- $87,540 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Sanchez

    Seller's Agent in 2023

    Kathleen Sanchez

    Real Estate One

    (248) 969-8018

    69 Total Sales

    Kathleen Sanchez
    Section Image

  • B

    Buyer's Agent in 2023

    Brian Bischer

    Utica Realty LLC

    (248) 875-6962

    27 Total Sales

    Brian Bischer
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230059938

Realcomp

APN: 09-02-301-004

Michigan Oakland County Lake Orion 48362

367 Oak Ln, Lake Orion, MI

This home is located at 367 Oak Ln, Lake Orion, MI 48362 since 24 July 2023 and is currently estimated at $434,310, approximately $377 per square foot. This property was built in 1928. 367 Oak Ln is a home located in Oakland County with nearby schools including Paint Creek Elementary School, Oakview Middle School, and Lake Orion Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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