NOT LISTED FOR SALE

5485 Otter Lake Rd Otter Lake, MI 48464

Marathon Township Neighborhood

Estimated Value: $141,000 - $189,000

3 Beds
1.5 Baths
1,248 Sq Ft
$137/Sq Ft Est. Value

Last Sold November 10, 2022

Last sale price $127,000 $102 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $972/month

56 Days on Market

Highlights

  • 2.71 Acre Lot
  • Ground Level Unit
  • Forced Air Heating System
  • Ranch Style House
  • No HOA
  • Gas Fireplace

About This Home

As of November 2022

Great little starter or retirement homes, Hard wood floors in the living room with a natural fireplace. large lot.

Last Agent to Sell the Property

Donald Seaman Jr.

DLS Realty License #6501245410 Listed on: 06/14/2022

Last Buyer's Agent

Edward Constable

Tremaine Real Estate License #6501377324

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1974

Lot Details

  • 2.71 Acre Lot
  • Lot Dimensions are 71.00 x 491.00

Home Design

  • Ranch Style House
  • Block Foundation
  • Metal Roof

Interior Spaces

  • 1,248 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Free-Standing Electric Range
  • Range Hood

Bedrooms and Bathrooms

  • 3 Bedrooms

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01300803400

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,892

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 110.00
  • Year Built: 1974
  • State Equalized Value: 68100.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Kitchen Appliances: Free-Standing Electric Range, Free-Standing Refrigerator, Range Hood
  • Sq Ft Combined: 1248
  • Total Sq Ft: 1248

Exterior Features

  • Roof Material: Metal
  • Foundation Details: Crawl
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 71
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lakeville

Lot Info

  • Lot Size Area: 2.71
  • Lot Dimensions: 71.00 x 491.00
  • Parcel Number: 01300803400

Tax Info

  • Tax Amount Summer: 426.0000
  • Tax Amount Winter: 1466.0000
  • Total Tax: 1892.0000
  • Taxable Value: 43649.0000

MLS Schools

  • School District: Lakeville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2022
Sold by
R & R Property Management Llc
Bought by
Balogh Jeffrey
Total Days on Market
56
Current Estimated Value
$171,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,498
Outstanding Balance
$104,354
Interest Rate
5.22%
Mortgage Type
VA
Estimated Equity
$66,728

Purchase Details

Closed on
Jun 15, 2012
Sold by
Durnan Todd W and Durnan Lisa M
Bought by
Federal Home Loan Mortgage Corporation
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
Balogh Jeffrey $127,000 Cislo Title
Federal Home Loan Mortgage Corporation $108,624 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balogh Jeffrey $108,498
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2022 11/10/22 Sold $127,000 -0.7% $102 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
08/01/2022 08/01/22 Price Changed $127,900 -8.6% $102 / Sq Ft
06/14/2022 06/14/22 For Sale $139,900 +521.8% $112 / Sq Ft
07/03/2013 07/03/13 Sold $22,500 -43.6% $18 / Sq Ft
06/14/2013 06/14/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $39,900 -- $32 / 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 $766 $83,000 $0 $0
2023 $817 $84,000 $0 $0
2022 $1,190 $77,000 $0 $0
2021 $1,892 $68,100 $0 $0
2020 $1,867 $59,700 $0 $0
2019 $415 $54,600 $0 $0
2018 $1,823 $47,700 $47,700 $0
2017 $1,850 $48,800 $0 $0
2016 $1,868 $46,300 $46,300 $0
2015 -- $0 $0 $0
2014 -- $39,300 $39,300 $0
2013 -- $39,200 $39,200 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Donald Seaman Jr.

    DLS Realty

    (810) 664-8105

    1 in this area

    27 Total Sales

    Donald Seaman Jr.
    Section Image
  • Edward Constable

    Buyer's Agent in 2022

    Edward Constable

    Tremaine Real Estate

    (810) 938-3339

    1 in this area

    320 Total Sales

    Edward Constable
    Section Image
  • Frank Choate

    Seller's Agent in 2013

    Frank Choate

    Allstate Properties.com

    (810) 656-1928

    27 Total Sales

    Frank Choate
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20221004628

Realcomp

APN: 013-008-034-00

Michigan Lapeer County Otter Lake 48464 Marathon Township

5485 Otter Lake Rd, Otter Lake, MI

This home is located at 5485 Otter Lake Rd, Otter Lake, MI 48464 since 14 June 2022 and is currently estimated at $171,082, approximately $137 per square foot. This property was built in 1974. 5485 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.

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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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