$375,000
$25K PRICE DROP

481 Heights Rd Lake Orion, MI 48362

Estimated payment $2,306/month

Total Views 13,402
2 Beds
1 Bath
1,081 Sq Ft
$347 Price per Sq Ft

Highlights

  • Private Waterfront
  • Dock Facilities
  • Wood Burning Stove
  • Orion Oaks Elementary School Rated A-
  • Deck
  • Wine Refrigerator

About This Home

Perched high on a hill with panoramic views of Lake Orion this hard-to-find waterfront lot includes its own fully enclosed boathouse and a lakeside hangout area with fire pit and picnic spot right at the water’s edge. The existing 2 bed, 1 bath cottage offers potential for a major renovation or serves as an ideal site for a brand-new custom build. With a prime walkout setting this property is a true blank canvas. Two additional boat slips besides the boathouse. Whether you're looking to update, rebuild, or invest in rare lakefront access, this is an opportunity at a reasonable price point. Parking is on Summit Drive.

Listing Agent

Kristin Berry

Epique Realty License #6501389369 Listed on: 06/24/2025

Epique Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 40x154x40x142
  • Private Waterfront
  • 40 Feet of Waterfront
  • Lake Front

Parking

  • Driveway

Home Design

  • Bungalow
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,081 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Stove
  • Gas Fireplace
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Wine Refrigerator

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Seawall
  • Dock Facilities
  • Boat Facilities
  • Deck

Location

  • Ground Level

Utilities

  • Baseboard Heating
  • Heating System Uses Wood
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0911307011

Community Details

Overview

  • No Home Owners Association
  • University Orion Township Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,034

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Year Built: 1930
  • State Equalized Value: 169150.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural, Wood Stove
  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator, Wine Refrigerator, Washer Dryer-All In One
  • Sq Ft Combined: 1081
  • Total Sq Ft: 1081

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Lake Orion
  • Waterfront: Yes
  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Frontage Feet: 40
  • Porch Type: Deck
  • Road Frontage Type: Gravel, Paved
  • Water Frontage Feet: 40.00
  • Waterfront Description: Across the Road Water Frontage, Lake Front, Private Water Frontage, Water Front

Garage/Parking

  • Garage Size: No Garage
  • Garage Features: Driveway

Utilities

  • Heating Fuel: Wood
  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard, Wall Furnace
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Tankless
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lake Orion

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.16
  • Lot Dimensions: 40x154x40x142
  • Parcel Number: 0911307011

Tax Info

  • Tax Amount Summer: 1754.0000
  • Tax Amount Winter: 1280.0000
  • Total Tax: 3034.0000
  • Taxable Value: 73220.0000

Multi Family

  • Waterfront Features: All Sports Lake, Boat Facilities, Dock Facilities, Sea Wall, ACRFRT

MLS Schools

  • School District: Lake Orion

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,754 $169,150 $0 $0
2023 $1,674 $151,590 $0 $0
2022 $2,453 $128,940 $0 $0
2021 $2,343 $125,170 $0 $0
2020 $1,534 $109,980 $0 $0
2019 $2,171 $103,150 $0 $0
2018 $2,164 $102,850 $0 $0
2017 $2,223 $102,850 $0 $0
2016 $2,138 $92,780 $0 $0
2015 -- $82,980 $0 $0
2014 -- $75,980 $0 $0
2011 -- $50,620 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $375,000 -6.3% $347 / Sq Ft
06/24/2025 06/24/25 For Sale $400,000 +400.0% $370 / Sq Ft
12/28/2012 12/28/12 Sold $80,000 -30.4% $74 / Sq Ft
11/23/2012 11/23/12 Pending -- -- --
06/30/2012 06/30/12 For Sale $115,000 -- $106 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Troy Abstract & Title Agency
Warranty Deed $80,000 Bankers Title Settlement Ser
Deed $166,000 --
Deed $141,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Closed $78,551 FHA
Previous Owner $119,500 No Value Available
Source: Public Records

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Source: Realcomp

MLS Number: 20251010650

Realcomp

APN: 09-11-307-011