NOT LISTED FOR SALE

5860 Benson Ave Otter Lake, MI 48464

Estimated Value: $146,000 - $206,000

3 Beds
2 Baths
4,676 Sq Ft
$40/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $75,000 $16 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $1,269/month

419 Days on Market

Highlights

  • Farmhouse Style Home
  • Forced Air Heating System
  • 3-minute walk to Otter Lake Park

About This Home

As of October 2023

Duplex with Lots of potential. Previously was a 4 unit. Located in downtown Otter Lake, within walking distance to Stores, Restaurant, Public Beach, Kayaking, Fishing, and the Southern Links Trailway for Biking & Walking. Being sold as-is.

Last Agent to Sell the Property

Douglas Ferrell

Realty Executives Main St LLC License #6501342658 Listed on: 07/28/2022

Realty Executives Main St LLC

Last Buyer's Agent

Douglas Ferrell

Realty Executives Main St LLC License #6501342658 Listed on: 07/28/2022

Realty Executives Main St LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 115.00 x 106.00

Home Design

  • Farmhouse Style Home
  • Bungalow
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 4,676 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 04765500800

Community Details

Overview

  • 2 Units
  • Village Of Otter Lake W C Cuming's Add Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow, Farmhouse
  • Architecture Level: 2 Story
  • Assessment: 2420.00
  • Year Built: 1900
  • State Equalized Value: 67200.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 4676
  • Total Sq Ft: 4676
  • Sq Ft Total Bsmt: 462

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 117
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Well (Existing)

Schools

  • School District: Lakeville

Lot Info

  • Lot Size Area: 0.28
  • Lot Dimensions: 115.00 x 106.00
  • Parcel Number: 04765500800
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1250

Tax Info

  • Tax Amount Summer: 3123.0000
  • Tax Amount Winter: 2055.0000
  • Total Tax: 5178.0000
  • Taxable Value: 51980.0000

Multi Family

  • Gross Scheduled Income: 15000.00
  • Number Of Units Total: 2
  • Number of Four Bedroom Units: 1
  • Number of Three Bedroom Units: 1

MLS Schools

  • School District: Lakeville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2024
Sold by
Simmonds David
Bought by
Saylor Shelbi M and Saylor Corey J
Total Days on Market
419
Current Estimated Value
$187,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Outstanding Balance
$188,842
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
-$1,689

Purchase Details

Listed on
Jul 28, 2022
Closed on
Oct 12, 2023
Sold by
Witak Walter
Bought by
Simmonds David
Seller's Agent
Douglas Ferrell
Realty Executives Main St LLC
Buyer's Agent
Douglas Ferrell
Realty Executives Main St LLC
List Price
$124,900
Sold Price
$75,000
Premium/Discount to List
-$49,900
-39.95%
Views
314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.48%

Purchase Details

Closed on
Apr 2, 2009
Sold by
Federal National Mortgage Association
Bought by
Witak Elizabeth

Purchase Details

Closed on
Mar 7, 2007
Bought by
Indymac Bank

Purchase Details

Closed on
Oct 12, 2000
Sold by
Neph Angus and Neph Sandra
Bought by
Petherbridge Raymond

Purchase Details

Closed on
Aug 13, 1999
Sold by
Sharp Larry and Sharp Virginia
Bought by
Neph Angus and Neph Sandra
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Saylor Shelbi M $200,000 None Listed On Document
Simmonds David $75,000 Cislo Title
Witak Elizabeth $9,000 --
Indymac Bank $106,400 --
Petherbridge Raymond $80,000 --
Neph Angus $69,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saylor Shelbi M $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2023 10/04/23 Sold $75,000 -24.9% $16 / Sq Ft
09/20/2023 09/20/23 Pending -- -- --
09/06/2023 09/06/23 Price Changed $99,900 -9.1% $21 / Sq Ft
08/28/2023 08/28/23 Price Changed $109,900 -8.3% $24 / Sq Ft
08/08/2023 08/08/23 Price Changed $119,900 -4.0% $26 / Sq Ft
07/28/2023 07/28/23 For Sale $124,900 +66.5% $27 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
08/10/2022 08/10/22 Off Market $75,000 -- --
07/28/2022 07/28/22 For Sale $124,900 -- $27 / 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 $2,613 $100,000 $0 $0
2023 $548 $83,000 $0 $0
2022 $2,703 $68,800 $0 $0
2021 $5,179 $67,200 $0 $0
2020 $4,818 $67,200 $0 $0
2019 $988 $57,700 $0 $0
2018 $5,190 $50,500 $50,500 $0
2017 $2,473 $50,800 $0 $0
2016 $2,494 $50,100 $50,100 $0
2015 -- $50,100 $0 $0
2014 -- $46,800 $46,800 $0
2013 -- $47,000 $47,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Douglas Ferrell

    Seller's Agent in 2023

    Douglas Ferrell

    Realty Executives

    (810) 691-0731

    281 Total Sales

    Douglas Ferrell
    Section Image
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Map

Source: Realcomp

MLS Number: 20221009929

Realcomp

APN: 047-655-008-00

Michigan Lapeer County Otter Lake 48464

5860 Benson Ave, Otter Lake, MI

This home is located at 5860 Benson Ave, Otter Lake, MI 48464 since 28 July 2022 and is currently estimated at $187,153, approximately $40 per square foot. This property was built in 1900. 5860 Benson Ave is a home located in Lapeer County with nearby schools including Columbiaville Elementary School, Otisville Elementary School, and Lakeville Middle School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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