NOT LISTED FOR SALE

5040 Otter Lake Rd Otter Lake, MI 48464

Estimated Value: $198,742 - $223,000

3 Beds
1 Bath
1,140 Sq Ft
$183/Sq Ft Est. Value

Last Sold November 07, 2022

Last sale price $162,000 $142 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,279/month

6 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Dogs and Cats Allowed
  • Ground Level Unit
  • Forced Air Heating and Cooling System

About This Home

As of November 2022

MOVE-IN READY! Beautifully updated ranch situated on .50 of an acre. This home features 1140 sq. ft. of finished living space, 3 bedrooms & 1 full bath. Home has recently been remodeled top to bottom. All appliances are included. Newer 30 X 40 pole barn has concrete floors & 100 AMP electrical. Natural gas & Charter cable is available. Nicely landscaped w/ large backyard. Hurry, won't last long!

Last Agent to Sell the Property

George Brennan

Realty Executives Main St LLC License #6501375365 Listed on: 10/13/2022

Realty Executives Main St LLC

Last Buyer's Agent

Kristy Paul

Keller Williams Realty Lakeside License #6501413133

Keller Williams Realty Lakeside

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1970 | Remodeled in 2018

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100.00 x 219.80

Home Design

  • Ranch Style House
  • Block Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,140 Sq Ft Home
  • Crawl Space
  • Free-Standing Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Net Metering or Smart Meter
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • High Meadow Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01312000100
  • $6,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,074

Year Built

Built in 1970 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 110.00
  • Year Built: 1970
  • State Equalized Value: 48700.0000
  • Year Renovated: 2018
  • Entry Location: Ground Level
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Circuit Breakers, Utility Smart Meter
  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 1140
  • Total Sq Ft: 1140

Exterior Features

  • Roof Material: Metal
  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 100
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lakeville

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.50
  • Lot Dimensions: 100.00 x 219.80
  • Parcel Number: 01312000100

Tax Info

  • Tax Amount Summer: 422.0000
  • Tax Amount Winter: 652.0000
  • Total Tax: 1074.0000
  • Taxable Value: 42056.0000

MLS Schools

  • School District: Lakeville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Nov 7, 2022
Sold by
Carney Marshall
Bought by
Borkowski Laurie A and Borkowski Garrett R
Seller's Agent
George Brennan
Realty Executives Main St LLC
Buyer's Agent
Kristy Paul
Keller Williams Realty Lakeside
List Price
$163,000
Sold Price
$162,000
Premium/Discount to List
-$1,000
-0.61%
Views
4
Current Estimated Value
$208,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,186
Avg. Annual Appreciation
8.94%

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 6, 2022
Sold by
Mccrory Raymond G
Bought by
Carney Marshall
Seller's Agent
Dana Petrone
MBA Real Estate Services
Buyer's Agent
Bradley LaBrie
List Price
$169,900
Sold Price
$145,500
Premium/Discount to List
-$24,400
-14.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.64%
Original Mortgage
$142,864
Interest Rate
3.11%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 26, 2017
Sold by
Alward Gloria
Bought by
Mccrory Raymond G

Purchase Details

Closed on
May 15, 2017
Sold by
Schall Jeromy R
Bought by
Mccrory Raymond G

Purchase Details

Closed on
Nov 12, 2012
Sold by
Alward Gloria
Bought by
Schall Jeromy R

Purchase Details

Closed on
Aug 5, 2011
Sold by
Alward Gloria
Bought by
Schall Jeromy Robert
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Borkowski Laurie A $162,000 --
Carney Marshall $145,500 Cislo Title
Mccrory Raymond G -- --
Mccrory Raymond G -- --
Schall Jeromy R -- --
Schall Jeromy Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carney Marshall $142,864
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2022 11/07/22 Sold $162,000 -0.6% $142 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
10/13/2022 10/13/22 For Sale $163,000 +12.0% $143 / Sq Ft
01/06/2022 01/06/22 Sold $145,500 -6.1% $128 / Sq Ft View Prior Sale
12/04/2021 12/04/21 Pending -- -- --
11/15/2021 11/15/21 Price Changed $154,900 -3.1% $136 / Sq Ft
11/10/2021 11/10/21 Price Changed $159,900 -5.9% $140 / Sq Ft
11/05/2021 11/05/21 For Sale $169,900 -- $149 / 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
2025 $2,094 $88,500 $0 $0
2024 $802 $89,700 $0 $0
2023 $766 $78,800 $0 $0
2022 $1,150 $73,600 $0 $0
2021 $1,062 $48,700 $0 $0
2020 $1,048 $46,200 $0 $0
2019 $400 $44,500 $0 $0
2018 $1,338 $29,300 $29,300 $0
2017 $721 $29,400 $0 $0
2016 $242 $27,900 $27,900 $0
2015 -- $28,500 $0 $0
2014 -- $24,800 $24,800 $0
2013 -- $23,700 $23,700 $0
Source: Public Records

Agents Affiliated with this Home

  • George Brennan

    Seller's Agent in 2022

    George Brennan

    Realty Executives

    (810) 614-1026

    3 in this area

    74 Total Sales

    George Brennan
    Section Image

  • D

    Seller's Agent in 2022

    Dana Petrone

    MBA Real Estate Services

    (810) 441-0923

    2 in this area

    18 Total Sales

    Dana Petrone
    Section Image
  • Kristy Paul

    Buyer's Agent in 2022

    Kristy Paul

    Keller Williams Realty Lakeside

    (248) 807-5523

    1 in this area

    43 Total Sales

    Kristy Paul
    Section Image
  • Bradley LaBrie

    Buyer's Agent in 2022

    Bradley LaBrie

    (810) 441-7958

    5 in this area

    371 Total Sales

    Bradley LaBrie
    Section Image
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Map

Source: Realcomp

MLS Number: 20221051254

Realcomp

APN: 013-120-001-00

Michigan Lapeer County Otter Lake 48464

5040 Otter Lake Rd, Otter Lake, MI

This home is located at 5040 Otter Lake Rd, Otter Lake, MI 48464 since 13 October 2022 and is currently estimated at $208,186, approximately $182 per square foot. This property was built in 1970. 5040 Otter Lake Rd is a home located in Lapeer County with nearby schools including Columbiaville Elementary School, Otisville Elementary School, and Lakeville Middle 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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