$363,000 - $462,000
RENTED AUG 15, 2025

987 Fairledge St Lake Orion, MI 48362

4 Beds
3 Baths
1,380 Sq Ft
$289 Price per Sq Ft

Highlights

  • Beach Access
  • Deck
  • No HOA
  • Orion Oaks Elementary School Rated A-
  • Ranch Style House
  • 2 Car Direct Access Garage

About This Home

As of August 2025

GREAT OPPORTUNITY TO LEASE IN LAKE ORION! This spacious home offers 4 bedrooms and 3 full bathrooms. Updated kitchen with stainless steel appliances and granite countertops. Open layout. Master en suite. Finished lower level with walkout. Fenced in backyard. Heated garage. Beach access to all sports Lake Orion. CRISP, CLEAN AND READY TO MOVE RIGHT IN!

Last Agent to Rent the Property

Ria Lester

EXP Realty License #6501423970 Listed on: 07/30/2025

EXP Realty

Co-Listed By

Ken Hirschmann

EXP Realty License #6506046502

Last Renter's Agent

Leslie Mihalak

RE/MAX First License #6501195106

RE/MAX First

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,920

Year Built

  • Built in 1994

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 95.00 x 180.00
  • Fenced

Home Design

  • Ranch Style House
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,380 Sq Ft Home
  • Ceiling Fan
  • Finished Basement
  • Sump Pump

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Beach Access
  • Deck
  • Patio
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Lake Orion Heights No 1 Subdivision

Listing and Financial Details

  • Security Deposit $4,200
  • Application Fee: 45.00
  • Assessor Parcel Number 0910476027

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,920

Year Built

Built in 1994

Lot Details

0

Rental Info

  • Application Fee: 45.00
  • Lease Type: Single Family House
  • Security Deposit: 4200.00

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1994
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 12
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Finished, Walk-Out Access
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 2760
  • Sq Ft Lower Floor: 1380
  • Total Sq Ft: 1380
  • Sq Ft Total Bsmt: 1380

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Lake Orion
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Poured
  • Frontage Feet: 95
  • Porch Type: Deck, Patio, Porch
  • Road Frontage Type: Paved
  • Waterfront Description: Beach Access
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Direct Access, Door Opener, Heated, Attached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Additional Fee: 100.00

Schools

  • School District: Lake Orion

Lot Info

  • Lot Size Area: 0.39
  • Lot Dimensions: 95.00 x 180.00
  • Parcel Number: 0910476027

MLS Schools

  • School District: Lake Orion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2021
Sold by
Grech Raymond J
Bought by
Grech Raymond J
Current Estimated Value
$398,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Outstanding Balance
$46,233
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$352,137

Purchase Details

Closed on
Aug 15, 2003
Sold by
Peariso Jeffrey M and Peariso Lori A
Bought by
Grech Raymond J

Purchase Details

Closed on
Dec 22, 1994
Sold by
King Built Homes Inc
Bought by
Peariso Jeffrey M and Peariso A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,100
Interest Rate
5.63%
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
Grech Raymond J -- None Listed On Document
Grech Raymond J $226,289 Metropolitan Title Company
Peariso Jeffrey M $123,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grech Raymond J $58,000
Previous Owner Grech Raymond J $127,000
Previous Owner Grech Raymond J $155,000
Previous Owner Peariso Jeffrey M $99,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Rented $2,800 0.0% --
08/14/2025 08/14/25 Under Contract -- -- --
07/30/2025 07/30/25 For Rent $2,800 0.0% --
09/01/2022 09/01/22 Rented $2,800 +3.7% --
08/17/2022 08/17/22 Under Contract -- -- --
07/01/2022 07/01/22 For Rent $2,700 -- --
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 $1,920 $166,930 $0 $0
2023 $1,832 $153,090 $0 $0
2022 $2,584 $140,610 $0 $0
2021 $2,466 $134,540 $0 $0
2020 $1,679 $125,190 $0 $0
2019 $2,284 $117,870 $0 $0
2018 $2,278 $110,240 $0 $0
2017 $2,175 $110,240 $0 $0
2016 $2,167 $98,900 $0 $0
2015 -- $83,990 $0 $0
2014 -- $70,260 $0 $0
2011 -- $67,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Landlord's Agent in 2025

    Ria Lester

    EXP Realty

    (248) 629-0791

    15 in this area

    79 Total Sales

    Ria Lester
    Section Image
  • Ken Hirschmann

    Landlord's Co-Listing Agent in 2025

    Ken Hirschmann

    EXP Realty

    (586) 685-1225

    16 in this area

    747 Total Sales

    Ken Hirschmann
    Section Image
  • Leslie Mihalak

    Tenant's Agent in 2025

    Leslie Mihalak

    RE/MAX

    (248) 892-4300

    15 in this area

    111 Total Sales

    Leslie Mihalak
    Section Image

  • L

    Buyer's Agent in 2022

    Loren Kline

    DOBI Real Estate

    (248) 670-7660

    42 Total Sales

    Loren Kline
    Section Image
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Map

Source: Realcomp

MLS Number: 20251021965

Realcomp

APN: 09-10-476-027

Michigan Oakland County Lake Orion 48360

987 Fairledge St, Lake Orion, MI

This home is located at 987 Fairledge St, Lake Orion, MI 48362 since 30 July 2025 and is currently priced at $398,370. This property was built in 1994. 987 Fairledge St is a home located in Oakland County with nearby schools including Orion Oaks Elementary School, Oakview Middle School, and Lake Orion Community High 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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