NOT LISTED FOR SALE

5525 N Otter Ridge Dr Ludington, MI 49431

Estimated Value: $854,420 - $1,088,000

3 Beds
2.5 Baths
2,706 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $590,000 $218 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,935/month

41 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Deck
  • Deeded Waterfront Access Rights
  • Beach
  • Recreation Room

About This Home

As of July 2018

BEAUTIFUL HAMLIN LAKE HOME-Located on the lower lake in Partridge Pointe Subdivision. 132 Ft of prime frontage with 40 ft dock and exceptional views including the dunes and evening sunsets. This 3 bedroom 2 1/2 bath ranch home has approximately 2,700 finished square ft and a full walkout basement. Lovely 3 season room leading to a trex double deck, cement patio with hot tub and steps to the lake. Beautifully decorated, main floor laundry and all appliances included. Unfinished area in basement includes workshop, storage area and utility room. Private wooded setting on a large lot.

Last Agent to Sell the Property

Jack Thiel

GREENRIDGE Realty Ludington License #6501215357 Listed on: 04/13/2018

Last Buyer's Agent

Meagan Kempf

RE/MAX Bayshore Manistee License #6501331006

RE/MAX Bayshore Manistee

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,743

Year Built

  • Built in 1990

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 102x270x131x262
  • Private Waterfront
  • 132 Feet of Waterfront
  • Property fronts a private road
  • Flag Lot
  • Terraced Lot
  • Garden

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wet Bar
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Living Room
  • Dining Area
  • Recreation Room
  • Sun or Florida Room
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 2 Bedrooms in Basement

Accessible Home Design

  • Low Threshold Shower

Outdoor Features

  • Deeded Waterfront Access Rights
  • Docks
  • Shared Waterfront
  • Deck
  • Patio
  • Water Fountains
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Heating System Powered By Leased Propane
  • Well
  • Propane Water Heater
  • Water Softener is Owned
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include trash, snow removal

Recreation

  • Beach
  • Tennis Courts
  • Recreational Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,743

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1990
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 102x270x131x262
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2706.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 5743.0
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Water Heater:Propane2: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Util Avail at Street:Electric: Yes
  • Utilities Attached:Cable: Yes
  • Waterfront Options:Water Frontage3: 132.0
  • Util Avail at Street:Broadband: Yes
  • Windows:Insulated Windows: Yes
  • General Property Info:Fireplace: Yes
  • Lot Description:Rolling Hills: Yes
  • Accessibility Feat:Low Threshold Shower: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Substructure:Walk Out: Yes
  • Landscape:Terraced Yard: Yes
  • Lot Description:Flag Lot: Yes
  • Windows:Skylight(s): Yes
  • Landscape:Flower Garden: Yes
  • Appliances:Built in Oven: Yes
  • Landscape:Fountain: Yes
  • Additional Items:Wet Bar: Yes
  • Additional Items:LP Tank Rented: Yes
  • General Property Info:SqFt Above Grade: 1532.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built in Oven, Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Softener Owned
  • Accessibility Features: Low Threshold Shower
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, LP Tank Rented, Wet Bar, Eat-in Kitchen
  • Fireplace Features: Gas Log
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access
  • LivingArea: 2706.0
  • Window Features: Skylight(s), Insulated Windows, Window Treatments
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Bedrooms: 2
  • Basement Rooms:Basement Full Baths: 1
  • Basement Rooms:Basement Finished SQFT: 1174.0
  • Basement Rooms:Total Basement SQFT: 1532.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Water Softener-Owned: Yes
  • Below Grade Sq Ft: 1174.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: 3 Season Room
  • List Price: 625000.0
  • Lot Features: Flag Lot, Recreational, Rolling Hills
  • Patio and Porch Features: Deck, Patio, Porch(es)
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Hamlin Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: Yes
  • Driveway Paved: Yes
  • Exterior Features 3 Season Room: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Cable Connected, Broadband
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Amenities: Beach Area, Tennis Court(s)
  • Association Fee: 500.0
  • Association: Yes

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 500.0
  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:Deeded Access: Yes
  • Water Fea Amenities:View: Yes
  • Water Fea Amenities:Shared Frontage: Yes
  • Water Fea Amenities:Assoc Access: Yes
  • Water Fea Amenities:Dock: Yes
  • Assoc Amenities:Beach Area: Yes
  • Assoc Amenities:Tennis Court(s)2: Yes

Fee Information

  • Association Fee Includes: Other, Trash, Snow Removal

Lot Info

  • Lot Size Acres: 0.75
  • Lot Size Area: 0.75
  • Lot Dimensions: 102x270x131x262
  • Lot Size Sq Ft: 32670.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5743.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2024
Sold by
Smith Keven M and Smith Karen A
Bought by
Alles Russell W and Alles Odella Smith
Current Estimated Value
$939,807

Purchase Details

Closed on
May 16, 2019
Sold by
Smith Keven M and Smith Karen A
Bought by
Alles Russell W and Smith-Alles Odella

Purchase Details

Listed on
Apr 13, 2018
Closed on
Jul 11, 2018
Sold by
Miller T
Bought by
Smith Keven M and Smith Karen A
Seller's Agent
Jack Thiel
GREENRIDGE Realty Ludington
Buyer's Agent
Meagan Kempf
RE/MAX Bayshore Manistee
List Price
$625,000
Sold Price
$590,000
Premium/Discount to List
-$35,000
-5.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%

Purchase Details

Closed on
Jun 1, 1987
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Alles Russell W $107,667 None Listed On Document
Alles Russell W $12,000 --
Smith Keven M $590,000 --
-- $38,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Russell $100,000
Previous Owner Miller Russell H $300,000
Previous Owner Miller Russell H $200,000
Previous Owner Miller Russell H $25,000
Previous Owner Miller Janet L $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2018 07/11/18 Sold $590,000 -5.6% $218 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $625,000 -- $231 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $8,943 $566,000 $566,000 $0
2024 -- $455,200 $455,200 $0
2023 -- $403,200 $403,200 $0
2022 -- $381,200 $0 $0
2021 -- $310,300 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jack Thiel

    GREENRIDGE Realty Ludington

  • Meagan Kempf

    Buyer's Agent in 2018

    Meagan Kempf

    RE/MAX Michigan

    (231) 794-1001

    150 Total Sales

    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18014677

Southwestern Michigan Association of REALTORS®

APN: 007-410-025-00

Michigan Mason County Ludington 49431

5525 N Otter Ridge Dr, Ludington, MI

This home is located at 5525 N Otter Ridge Dr, Ludington, MI 49431 since 13 April 2018 and is currently estimated at $939,807, approximately $347 per square foot. This property was built in 1990. 5525 N Otter Ridge Dr is a home located in Mason County with nearby schools including Ludington Elementary School, Franklin Elementary School, and O.J. DeJonge 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes