NOT LISTED FOR SALE

5727 Genesee Ave Otter Lake, MI 48464

Estimated Value: $75,000 - $122,000

2 Beds
1 Bath
1,140 Sq Ft
$87/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $70,000 $61 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $699/month

56 Days on Market

Highlights

  • Beach
  • Porch
  • Park
  • 1.5 Car Detached Garage
  • Community Playground
  • 3-minute walk to Otter Lake Park

About This Home

As of May 2022

Welcome to gorgeous Otter Lake! This home would make the perfect investment property. Another home down the street is an Air BnB and is regularly rented. Otter Lake is an All Sports Lake with a public beach, boat launch, pavilion, playground and campground. Villagers can use most of these amenities at no cost. Home is located within walking distance of the Otter Lake Bar and the Village Market. A new Dollar General is also just around the corner. A partial lake view is available from the first floor. Recent updates include Furnace, Roof on house and garage, well bladder tank and motor, Electrical upgrade (including box), and all new floor joists. No central air currently, but new furnace is set up to have this easily installed. Space exists for another bathroom on the second floor. 25 miles to Lapeer, Frankenmuth and Flint. Sorry, no land contracts.

Last Agent to Sell the Property

Jennifer Mason

Mason Group LLC License #FAAR Listed on: 03/09/2022

Last Buyer's Agent

Bradley Petty

Real Estate For A CAUSE License #6501430225

Home Details

Home Type

  • Single Family

Year Built

  • 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 57 x 95 x 56 x 95

Parking

  • 1.5 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,140 Sq Ft Home
  • 1.5-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 047-613-007-00

Community Details

Recreation

  • Beach
  • Community Playground
  • Park

Additional Features

  • Village Of Otter Lake Original Subdivision
  • Restaurant

Home Details

Home Type

Single Family

Year Built

1900

Lot Details

0

Listing Details

  • Originating MLS: East Central Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Structure Style: 1 1/2 Story
  • Mail City: Otter Lake
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built (Public Record): 1900

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Bedrooms: 2
  • Bedroom 1: On 2nd Floor, Dimensions: 14 x 13
  • Bedroom 2: On 2nd Floor, Dimensions: 14 x 9
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: Dimensions: 15 x 7, On Level: First
  • Dining Room: On Entry Level, Dimensions: 10 x 7
  • Kitchen: On Entry Level, Dimensions: 31 x 15
  • Laundry: On Entry Level, Dimensions: 16 x 12
  • Above Grade Finished Sq Ft: 1140
  • Total Finished Sq Ft: 1140

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Porch, Sidewalks
  • Foundation: Crawl
  • Frontage: 55
  • Lake Name: Otter Lake
  • Road: Paved Street
  • Water Features: Water View

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1.5
  • Parking: 2 Spaces, Garage
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Private Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Park, Playground, Sidewalks, Restaurant, Beach Area

Lot Info

  • Assessments: 110
  • Assessments: Yes
  • Assessor Parcel Number: 047-613-007-00
  • Lot Dimensions: 57 x 95 x 56 x 95
  • Acreage: 0.13
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,808.00
  • Winter Tax: Year: 2021, Amount: $881.00
  • Total Tax: Year: 2021, Amount: $2,689.00
  • SEV Year: 2021

MLS Schools

  • School District: Lakeville Comm School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2024
Sold by
Wright Ofeimu Tiffany
Bought by
Green Book Vacation Rental Llc
Total Days on Market
56
Current Estimated Value
$99,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$74,485
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$31,828

Purchase Details

Listed on
Mar 9, 2022
Closed on
May 13, 2022
Sold by
Fae Yates Denise
Bought by
Ofeimu Tiffany Wright
Seller's Agent
Jennifer Mason
Mason Group LLC
Buyer's Agent
Bradley Petty
Real Estate For A CAUSE
List Price
$84,900
Sold Price
$70,000
Premium/Discount to List
-$14,900
-17.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.68%

Purchase Details

Closed on
Oct 8, 2021
Sold by
Charles Swanagon
Bought by
Yates Denise F

Purchase Details

Closed on
Feb 6, 2012
Sold by
Yates David Wayne
Bought by
Yates Denise Fae

Purchase Details

Closed on
Jun 28, 2003
Sold by
Swanagon Charles and Swanagon Joann
Bought by
Yates David and Yates Denise
Source: Public Records

Similar Home in Otter Lake, MI

  • 6172 White Sands Dr, Otter Lake, MI 48464

    $75,000

    • 2 Beds
    • 1 Bath
    • 1,060 Sq Ft
    • 6172 White Sands Dr
    • Otter Lake, MI

    Great investment opportunity! Home is secluded, nestled in a beautiful setting in the middle of the woods! Views from every window. Property includes deeded access to all sports Hemingway Lake. Home is in need of work and is priced accordingly. Selling as-is. Cash only.

    Stephanie Leland REMAX Edge

    Section Image

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
Green Book Vacation Rental Llc -- None Listed On Document
Ofeimu Tiffany Wright $70,000 None Listed On Document
Yates Denise F $29,560 Bittner Jennings Attorneys
Yates Denise Fae -- --
Yates David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Book Vacation Rental Llc $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $70,000 -12.4% $61 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/18/2022 04/18/22 Price Changed $79,900 -3.6% $70 / Sq Ft
04/03/2022 04/03/22 Price Changed $82,900 -2.4% $73 / Sq Ft
03/09/2022 03/09/22 For Sale $84,900 -- $74 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,061 $48,900 $0 $0
2023 $448 $46,100 $0 $0
2022 $1,190 $34,700 $0 $0
2021 $2,689 $35,800 $0 $0
2020 $2,643 $36,400 $0 $0
2019 $472 $25,900 $0 $0
2018 $2,126 $25,900 $25,900 $0
2017 $676 $26,000 $0 $0
2016 $225 $23,600 $23,600 $0
2015 -- $0 $0 $0
2014 -- $22,500 $22,500 $0
2013 -- $22,000 $22,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50067603

Michigan Multiple Listing Service

APN: 047-613-007-00