NOT LISTED FOR SALE

5380 Otter Lake Rd Otter Lake, MI 48464

Marathon Township Neighborhood

Estimated Value: $192,000 - $245,709

3 Beds
1.5 Baths
1,400 Sq Ft
$152/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $159,900 $114 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,264/month

1 Day on Market

Highlights

  • 4.37 Acre Lot
  • Wooded Lot
  • Ground Level Unit
  • Deck
  • Ranch Style House
  • No HOA

About This Home

As of April 2020

This home is located at 5380 Otter Lake Rd, Otter Lake, MI 48464 since 31 March 2020 and is currently estimated at $213,177, approximately $152 per square foot. This property was built in 1987. 5380 Otter Lake Rd is a home located in Lapeer County with nearby schools including Columbiaville Elementary School, Otisville Elementary School, and Lakeville Middle School.

Last Agent to Sell the Property

Paul Coulter

Realty Executives Main St LLC License #6501267690 Listed on: 03/31/2020

Realty Executives Main St LLC

Last Buyer's Agent

Paul Coulter

Realty Executives Main St LLC License #6501267690 Listed on: 03/31/2020

Realty Executives Main St LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1987 | Remodeled in 2016

Lot Details

  • 4.37 Acre Lot
  • Lot Dimensions are 415x438x413x433
  • Wooded Lot

Home Design

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

Interior Spaces

  • 1,400 Sq Ft Home
  • Unfinished Basement
  • Walk-Out Basement

Kitchen

  • Free-Standing Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Deck
  • Ground Level Unit

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 01300501750
  • $5,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,059

Year Built

Built in 1987 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 102.6
  • Year Built: 1987
  • State Equalized Value: 49100.0000
  • Year Renovated: 2016
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Access
  • Kitchen Appliances: Dishwasher, Dryer, Microwave, Free-Standing Electric Range, Washer
  • Sq Ft Combined: 1400
  • Total Sq Ft: 1400
  • Sq Ft Total Bsmt: 1400

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 415
  • Porch Type: Deck
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage
  • Garage Features: Door Opener

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lakeville

Lot Info

  • Homestead: Yes
  • List Price per Acre: 36590.3890
  • Lot Features: Wooded
  • Lot Size Area: 4.37
  • Lot Dimensions: 415x438x413x433
  • Parcel Number: 01300501750
  • Percent Wooded: 50

Tax Info

  • Tax Amount Summer: 397.0000
  • Tax Amount Winter: 662.0000
  • Total Tax: 1059.0000
  • Taxable Value: 40409.0000

MLS Schools

  • School District: Lakeville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2020
Closed on
Apr 30, 2020
Sold by
Lawrence Adam
Bought by
Merser Teal L
Seller's Agent
Paul Coulter
Realty Executives Main St LLC
Buyer's Agent
Paul Coulter
Realty Executives Main St LLC
List Price
$159,900
Sold Price
$159,900
Total Days on Market
1
Current Estimated Value
$213,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,277
Avg. Annual Appreciation
5.80%
Original Mortgage
$161,515
Outstanding Balance
$145,176
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$68,001

Purchase Details

Closed on
Mar 3, 2010
Sold by
Broughman Terry
Bought by
Lawrence Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,624
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2009
Sold by
Wells Fargo Bank Na
Bought by
Broughman Terry

Purchase Details

Closed on
Jan 9, 2008
Sold by
Bini Lorenzo E and Bini Lori
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 28, 2005
Sold by
Parker Nick and Parker Renee
Bought by
Bini Lorenzo and Bini Lori

Purchase Details

Closed on
Aug 21, 1998
Sold by
Francisco Clarence
Bought by
Parker Nick and Parker Renee
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
Merser Teal L $159,900 None Available
Lawrence Adam $70,000 --
Broughman Terry $40,500 --
Wells Fargo Bank Na $112,519 --
Bini Lorenzo $132,900 --
Parker Nick $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merser Teal L $161,515
Previous Owner Lawrence Adam $72,624
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $159,900 0.0% $114 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
03/31/2020 03/31/20 For Sale $159,900 -- $114 / 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 $807 $88,200 $0 $0
2023 $771 $80,600 $0 $0
2022 $1,918 $76,300 $0 $0
2021 $1,765 $73,100 $0 $0
2020 $1,041 $54,000 $0 $0
2019 $397 $49,100 $0 $0
2018 $1,045 $46,800 $46,800 $0
2017 $1,071 $45,600 $0 $0
2016 $1,094 $43,400 $43,400 $0
2015 -- $44,100 $0 $0
2014 -- $40,500 $40,500 $0
2013 -- $37,000 $37,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Coulter

    Seller's Agent in 2020

    Paul Coulter

    Realty Executives

    (810) 845-7756

    1 in this area

    175 Total Sales

    Paul Coulter
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2200024640

Realcomp

APN: 013-005-017-50

Michigan Lapeer County Otter Lake 48464 Marathon Township

5380 Otter Lake Rd, Otter Lake, MI

This home is located at 5380 Otter Lake Rd, Otter Lake, MI 48464 since 31 March 2020 and is currently estimated at $213,177, approximately $152 per square foot. This property was built in 1987. 5380 Otter Lake Rd is a home located in Lapeer County with nearby schools including Columbiaville Elementary School, Otisville Elementary School, and Lakeville Middle School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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