NOT LISTED FOR SALE

5380 Otter Lake Rd Otter Lake, MI 48464

Marathon Area

Estimated Value: $245,000 - $266,000

3 Beds
1.5 Baths
1,440 Sq Ft
$177/Sq Ft Est. Value

Sale Details

Date Sold: August 8, 2025

Last sale price $250,000 $174 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,586 / mo

15 Days on Market

Highlights

  • 4.37 Acre Lot
  • Forced Air Heating and Cooling System
  • Garage
  • Pole Barn

About This Home

As of August 2025

Move in ready! Discover this adorable 3 bedroom, 1 1/2 bath home nestled on a spacious 4.3 acres. Boasting an open concept living area, this well-maintained home is perfect for both relaxation and entertainment. The full unfinished basement offers valuable garage space, providing endless possibilities for storage or customization. Need more storage? A 27x27 pole barn complements the property for all your outdoor needs. Step outside to enjoy the large deck, perfect for summer barbecues or peaceful evenings enjoying the wildlife. Located on a paved road and equipped with natural gas. Don't miss out, set up a showing today.

Last Agent to Sell the Property

Cody Bonner

B & B Realty Solutions License #6502428056 Listed on: 06/19/2025

Last Buyer's Agent

Keith Becker

National Realty Centers, Inc License #6501276109

National Realty Centers, Inc

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1987

Lot Details

  • 4.37 Acre Lot
  • Lot Dimensions are 438x413x433x415

Parking

  • Garage

Home Design

  • 1,440 Sq Ft Home
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Septic Tank

Additional Features

  • Pole Barn
  • Ground Level
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 01300501750

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,106

Year Built

Built in 1987

Lot Details

4.37 Acres

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1987
  • State Equalized Value: 88200.00
  • Entry Location: GroundLevelwSteps
  • Property Sub Type: SingleFamilyResidence
  • LotSizeAcres: 4.37
  • Co List Office Mls Id: 420288
  • Above Grade Finished Sq Ft: 1440.00
  • Living Area: 1440.00
  • ClassName: Residential
  • ThirdPartyApprovalRequiredYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Block
  • Construction Materials: VinylSiding
  • Road Frontage Type: Paved
  • Disclosures: NoRestrictions, TaxesHomesteadExempt
  • Home Warranty: No
  • Other Structures: PoleBarn
  • Roof: Asphalt

Garage/Parking

  • Garage: Yes

Utilities

  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas
  • Sewer: SepticTank
  • Water Source: Well

Schools

  • Junior High Dist: Lakeville

Lot Info

  • Lot Dimensions: 438x413x433x415
  • Parcel Number: 01300501750

Tax Info

  • Tax Amount Summer: 807.00
  • Tax Amount Winter: 1299.00
  • Tax Annual Amount: 2106.00

Multi Family

  • Above Grade Finished Area Units: SquareFeet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2025
Closed on
Aug 8, 2025
Sold by
Merser Teal L
Bought by
Seller's Agent
Cody Bonner
B & B Realty Solutions
Buyer's Agent
Keith Becker
National Realty Centers, Inc
List Price
$269,000
Sold Price
$250,000
Premium/Discount to List
-$19,000
-7.06%
Views
502
Current Estimated Value
$254,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,616
Avg. Annual Appreciation
1.71%
Original Mortgage
$200,000
Outstanding Balance
$198,022
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$56,594

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.83%
Original Mortgage
$161,515
Interest Rate
3.5%
Mortgage Type
New Conventional

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Otter Lake, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,000 None Listed On Document
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $200,000
Closed Ameno Mason $200,000
Previous Owner Merser Teal L $161,515
Previous Owner Lawrence Adam $72,624
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2025 08/08/25 Sold $250,000 -7.1% $174 / Sq Ft
07/04/2025 07/04/25 Pending -- -- --
06/19/2025 06/19/25 For Sale $269,000 +68.2% $187 / Sq Ft
04/30/2020 04/30/20 Sold $159,900 0.0% $114 / Sq Ft View Prior Sale
04/01/2020 04/01/20 Pending -- -- --
03/31/2020 03/31/20 For Sale $159,900 -- $114 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,176 $132,500 $0 $0
2025 $830 $91,700 $0 $0
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

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Map

Source: Realcomp

MLS Number: 20251010125

Realcomp

APN: 013-005-017-50

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