$135,000
SOLD AUG 22, 2024

5840 Forest Ave Otter Lake, MI 48464

3 Beds
2 Baths
1,261 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

5% Above List Price

5 Days on Market

Highlights

  • Boat Facilities
  • Lake Privileges
  • Deck
  • Beach Access
  • Cape Cod Architecture
  • 2-minute walk to Otter Lake Park

About This Home

As of August 2024

Come see this 3 BR, 2 Full Bath in this charming Cape Cod with an ideal location: One Block from Otter Lake! Here in the Village of Otter Lake you will have only a short walk to swim or sun bath on the huge sandy beach. Or perhaps fishing and boating is your passion. You can have all this in this solid built home on 2 1/2 lots. Facing Forest Avenue is an ample sized enclosed porch that highlights the entrance. Three bedrooms up stairs have the convenience of a Laundry room on the same floor. The main floor has a dining room open to the modern Kitchen. There are new windows on the main floor. Otter Lake Village living is simple and unencumbered by big city traffic. Time has been good here and preserved many of the historic homes and landmarks for you to enjoy. This house was the first home built in Otter Lake and is of intrinsic historical value to the area. It has both History and Location but needs some old fashioned TLC. The perfect buyer would be one who would see the historical value this home brings to the village. Or perhaps an investor can see the value.

If you have cat allergies this home has a number of cats.

Last Agent to Sell the Property

Gary Hintz

Real Estate One-Ortonville License #6501334006 Listed on: 06/25/2024

Real Estate One-Ortonville

Last Buyer's Agent

Maryann Threet

Braxton Brokers & Associates Real Estate License #6501267529

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1900 | Remodeled in 2012

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 70.00 x 116.00
  • Fenced
  • Corner Lot

Home Design

  • Cape Cod Architecture
  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 1,261 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Walk-Up Access

Kitchen

  • Free-Standing Electric Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1.5 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Beach Access
  • Boat Facilities
  • Lake Privileges
  • Deck
  • Enclosed patio or porch

Location

  • Ground Level Unit

Utilities

  • Back Up Electric Heat Pump System
  • Baseboard Heating
  • Net Metering or Smart Meter
  • 100 Amp Service
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04765101300

Community Details

Recreation

  • Water Sports

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$749

Year Built

Built in 1900 | Remodeled in 2012

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Cape Cod
  • Architecture Level: 2 Story
  • Assessment: 118.00
  • Year Built: 1900
  • State Equalized Value: 39700.0000
  • Year Renovated: 2012
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, 100 Amp Service, 220 Volts, Cable Available, Circuit Breakers, High Spd Internet Avail, Utility Smart Meter
  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Walk-Up Access
  • Kitchen Appliances: Dishwasher, Free-Standing Electric Oven
  • Sq Ft Combined: 1261
  • Total Sq Ft: 1261
  • Sq Ft Total Bsmt: 600

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Otter Lake
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Exterior Features: Fenced
  • Foundation Materials: Stone
  • Frontage Feet: 70
  • Porch Type: Deck, Porch - Enclosed, Porch
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Waterfront Description: Beach Access, Lake Privileges
  • Fencing: Fenced, Fence Allowed

Garage/Parking

  • Garage Size: 1.5 Car
  • Garage Features: Side Entrance, Electricity, Door Opener, Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Electric
  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Well (Existing)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lakeville

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 0.19
  • Lot Dimensions: 70.00 x 116.00
  • Parcel Number: 04765101300

Tax Info

  • Tax Amount Summer: 256.0000
  • Tax Amount Winter: 493.0000
  • Total Tax: 749.0000
  • Taxable Value: 26336.0000

Multi Family

  • Waterfront Features: All Sports Lake, Boat Facilities

MLS Schools

  • School District: Lakeville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Aug 21, 2024
Sold by
Ritch Daniel
Bought by
Gauthier Larissa and Gauthier Jason
Seller's Agent
Gary Hintz
Real Estate One-Ortonville
Buyer's Agent
Maryann Threet
Braxton Brokers & Associates Real Estate
List Price
$129,000
Sold Price
$135,000
Premium/Discount to List
$6,000
4.65%
Total Days on Market
5
Views
46
Current Estimated Value
$134,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$546
Avg. Annual Appreciation
-0.52%
Original Mortgage
$132,554
Outstanding Balance
$131,745
Interest Rate
6.77%
Mortgage Type
FHA
Estimated Equity
$2,709

Purchase Details

Closed on
Feb 26, 2011
Sold by
Smith Kathleen and Smith Howard
Bought by
Petherbridge Raymond E and Petherbridge Laura K

Purchase Details

Closed on
Jun 26, 2007
Sold by
Wm Specialty Mortgage Llc
Bought by
Smith Howard and Smith Kathleen

Purchase Details

Closed on
Apr 12, 2006
Bought by
Wm Specialty Mortgage Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $135,000 Capital Title Services
Quit Claim Deed -- --
Deed $37,000 --
Sheriffs Deed $75,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $132,554 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2024 08/22/24 Sold $135,000 +4.7% $107 / Sq Ft
06/30/2024 06/30/24 Pending -- -- --
06/25/2024 06/25/24 For Sale $129,000 +143.4% $102 / Sq Ft
10/04/2016 10/04/16 Sold $53,000 +3.9% $42 / Sq Ft
09/06/2016 09/06/16 Pending -- -- --
08/04/2016 08/04/16 For Sale $51,000 -- $40 / 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 $268 $41,800 $0 $0
2023 $256 $39,700 $0 $0
2022 $710 $30,600 $0 $0
2021 $1,456 $31,700 $0 $0
2020 $1,116 $32,300 $0 $0
2019 $889 $23,500 $0 $0
2018 $1,291 $23,900 $23,900 $0
2017 $704 $24,100 $0 $0
2016 $695 $23,400 $23,400 $0
2015 -- $23,400 $0 $0
2014 -- $22,700 $22,700 $0
2013 -- $22,200 $22,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240044934

Realcomp

APN: 047-651-013-00