NOT LISTED FOR SALE

6535 Sherman Dr Otter Lake, MI 48464

Estimated Value: $128,000 - $186,000

3 Beds
1.5 Baths
1,232 Sq Ft
$123/Sq Ft Est. Value

Last Sold February 17, 2022

Last sale price $124,900 $101 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $852/month

65 Days on Market

Highlights

  • Water Views
  • Ranch Style House
  • Porch
  • Lake Privileges
  • No HOA
  • Fireplace in Basement

About This Home

As of February 2022

Great potential 3 bedroom, 1.5 bath ranch in the Village of Otter Lake! Good bones but needs TLC. Spacious floor plan with ample closet space throughout. Firelight living room. All rooms are nicely sized. Newer metal roof (3 yrs), vinyl windows, furnace (13 yrs old), electrical panel (10 yrs). Full basement with additional wood burning fireplace and 1/2 bath. Nestled on hilltop overlooking Otter Lake with lake access just walking distance through the back yard. Beautiful All Sports Otter Lake offers 68 acres for boating, kayaking, swimming, fishing etc. Also enjoy the Otter Lake Park around the corner offering playground, basketball and tennis courts, picnic area, beach etc. a little something for everyone to enjoy! Cash and Conventional financing Only.

Last Agent to Sell the Property

Bina Zuccaro

RE/MAX Plus License #6502376917 Listed on: 10/29/2021

RE/MAX Plus

Last Buyer's Agent

Lisa Munro

Keller Williams Paint Creek License #6501395976

Keller Williams Paint Creek

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1953

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 101 x 88 x 99 x 86

Home Design

  • Ranch Style House
  • Block Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,232 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Water Views
  • Unfinished Basement
  • Fireplace in Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Lake Privileges
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Water Softener Leased
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04768101350
  • $700 Seller Concession

Community Details

Overview

  • No Home Owners Association
  • Village Of Otter Lake Tanner Sherman & Stark's Add Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,654

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1953
  • State Equalized Value: 44100.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Water Softener (rented)
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Basement, Living Room
  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1232
  • Total Sq Ft: 1232
  • Sq Ft Total Bsmt: 1243

Exterior Features

  • Roof Material: Metal
  • Waterfront Name: Otter Lake
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 101
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Waterfront Description: Lake Privileges

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Electric
  • Water Source: Well (Existing)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lakeville

Lot Info

  • Lot Features: Water View
  • Lot Size Area: 0.21
  • Lot Dimensions: 101 X 88 X 99 X 86
  • Parcel Number: 04768101350

Tax Info

  • Tax Amount Summer: 670.0000
  • Tax Amount Winter: 984.0000
  • Total Tax: 1654.0000
  • Taxable Value: 32359.0000

Multi Family

  • Waterfront Features: All Sports Lake

MLS Schools

  • School District: Lakeville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Feb 17, 2022
Sold by
Jones Family Trust
Bought by
James Erin E and James Christopher R
Seller's Agent
Bina Zuccaro
RE/MAX Plus
Buyer's Agent
Lisa Munro
Keller Williams Paint Creek
List Price
$134,900
Sold Price
$124,900
Premium/Discount to List
-$10,000
-7.41%
Total Days on Market
65
Current Estimated Value
$151,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,595
Avg. Annual Appreciation
6.04%
Original Mortgage
$114,377
Outstanding Balance
$107,566
Interest Rate
3.69%
Mortgage Type
FHA
Estimated Equity
$43,929

Purchase Details

Closed on
Oct 4, 2006
Sold by
Baker Lyle and Baker Christina
Bought by
Jones Family Trust
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
James Erin E $124,900 Sargents Title
James Erin E $124,900 Sargents Title
Jones Family Trust $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open James Erin E $114,377
Closed James Erin E $114,377
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2022 02/17/22 Sold $124,900 0.0% $101 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
11/10/2021 11/10/21 Price Changed $124,900 -7.4% $101 / Sq Ft
10/29/2021 10/29/21 For Sale $134,900 -- $109 / 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 $572 $59,500 $0 $0
2023 $546 $56,200 $0 $0
2022 $910 $42,600 $0 $0
2021 $1,956 $44,100 $0 $0
2020 $1,927 $44,800 $0 $0
2019 $615 $32,100 $0 $0
2018 $1,874 $32,100 $32,100 $0
2017 $1,396 $32,300 $0 $0
2016 $293 $29,800 $29,800 $0
2015 -- $0 $0 $0
2014 -- $29,200 $29,200 $0
2013 -- $28,900 $28,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Bina Zuccaro

    Seller's Agent in 2022

    Bina Zuccaro

    RE/MAX Michigan

    (810) 691-1339

    165 Total Sales

    Bina Zuccaro
    Section Image
  • Lisa Munro

    Buyer's Agent in 2022

    Lisa Munro

    Keller Williams Paint Creek

    (248) 225-3023

    37 Total Sales

    Lisa Munro
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2210090969

Realcomp

APN: 047-681-013-50

Michigan Lapeer County Otter Lake 48464

6535 Sherman Dr, Otter Lake, MI

This home is located at 6535 Sherman Dr, Otter Lake, MI 48464 since 29 October 2021 and is currently estimated at $151,495, approximately $122 per square foot. This property was built in 1953. 6535 Sherman Dr 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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