$313,000
SOLD AUG 7, 2024

9977 N Lake Rd Otter Lake, MI 48464

3 Beds
2 Baths
1,500 Sq Ft
0.3 Acres

Recently Sold

$209 Per Sq Ft

8% Below List Price

13 Days on Market

Highlights

  • Private Waterfront
  • Lake Privileges
  • Deck
  • Dock Facilities
  • Colonial Architecture
  • Wood Burning Stove

About This Home

As of August 2024

This home has it all! Enjoy all sports North lake located close to Macomb and Oakland county. This is a quiet community that has everything to offer. Great Fishing, Boating, Swimming and so much more. Located on the south end of the lake (deepest part) this home has one of the largest lake frontages (140 ft), a sandy beach, and two docks. The home has plenty of room for a large family, the primary bedroom has a full bath and room for multiple beds with a private balcony with lake views, Open concept on the first floor with room for dining and a bonus room that is used for extra sleeping. The seller has used this home for the family for years and also has a strong AirBNB profile with over 30 5 star reviews. Any time they don't go to the cottage they post it live on Airbnb and it rents instantly for around $250 a night. The 2 car garage next to the house has been converted into living quarters with a bed and living area which allows this home to sleep 12 comfortably. (Can easily be converted back). Brand new furnace, septic emptied and inspected, newer style well. All appliances, pontoon and most of the furnishings are included with a full price offer. Close to the Metro Detroit area (about an hour), 20 minutes from Frankenmuth, 15 minutes to grocery but still has the "Up North" feel you are looking for. The homes on the lake are about 50/50 full time/part time. This is a public Lake with a boat drop, public park and beach. I know this family has loved this cottage, the neighbors, the lake life and everything this property has to offer, although it is bittersweet they are excited to allow a new family this opportunity.
Additional lot across the street being offered for sale
The 3rd lot located behind the home has a large barn, 2 carports for boat or camper storage, electric and septic. This lot has been used for campers (full hook up), extra space and parking.

Last Agent to Sell the Property

Timothy Wilds

GSA Elite Realty License #6501377624 Listed on: 07/09/2024

Last Buyer's Agent

Christina Thick

Exclusive House of Real Estate License #6501449964

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1954 | Remodeled in 2022

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 141x80
  • Private Waterfront
  • Beach Front
  • 141 Feet of Waterfront
  • Lake Front
  • Dirt Road

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Cottage
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Wood Burning Stove
  • Water Views
  • Free-Standing Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Jetted Tub in Primary Bathroom

Outdoor Features

  • Dock Facilities
  • Boat Facilities
  • Lake Privileges
  • Balcony
  • Deck
  • Shed

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01326001300

Community Details

Overview

  • No Home Owners Association
  • Root's Acres Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$261

Year Built

Built in 1954 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial, Cottage
  • Architecture Level: 2 Story
  • Assessment: 40.00
  • Year Built: 1954
  • State Equalized Value: 6000.0000
  • Year Renovated: 2022
  • Entry Location: Ground Level
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Jetted Tub, Furnished - Negotiable
  • Fireplace Fuel: Wood Stove
  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Kitchen Appliances: Free-Standing Electric Range, Free-Standing Refrigerator
  • Sq Ft Combined: 1500
  • Total Sq Ft: 1500

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: North Lake
  • Waterfront: Yes
  • Foundation Details: Slab
  • Construction Materials: Vinyl
  • Exterior Features: BBQ Grill
  • Frontage Feet: 80
  • Porch Type: Balcony, Deck
  • Road Frontage Type: Dirt
  • Water Frontage Feet: 141.00
  • Waterfront Description: Beach Front, Beach Access, Direct Water Frontage, Lake Front, Lake Privileges, Private Water Frontage, Water Front

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lakeville

Lot Info

  • Lot Features: Water View
  • Lot Size Area: 0.30
  • Lot Dimensions: 141x80
  • Parcel Number: 01326001300

Tax Info

  • Tax Amount Summer: 53.0000
  • Tax Amount Winter: 208.0000
  • Total Tax: 261.0000
  • Taxable Value: 5460.0000

Multi Family

  • Waterfront Features: All Sports Lake, Boat Facilities, Dock Facilities, DIRFRT

MLS Schools

  • School District: Lakeville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2024
Closed on
Aug 5, 2024
Sold by
Fornarola Daniel A and Fornarola Tammy D
Bought by
Solak Jeffrey A
Seller's Agent
Timothy Wilds
GSA Elite Realty
Buyer's Agent
Christina Thick
Exclusive House of Real Estate
List Price
$339,900
Sold Price
$313,000
Premium/Discount to List
-$26,900
-7.91%
Total Days on Market
13
Views
18
Current Estimated Value
$295,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,805
Avg. Annual Appreciation
-6.89%

Purchase Details

Listed on
Apr 19, 2015
Closed on
Jun 12, 2015
Sold by
Porter Danny C and Porter Dan C
Bought by
Fornarola Daniel A and Fornarola F
Seller's Agent
Cathy Hampton
Coldwell Banker Professionals
Buyer's Agent
Cathy Hampton
Coldwell Banker Professionals
List Price
$169,900
Sold Price
$165,000
Premium/Discount to List
-$4,900
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%
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 Type Sale Price Title Company
Warranty Deed $313,000 None Listed On Document
Warranty Deed $165,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2024 08/07/24 Sold $313,000 +4.4% $209 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $299,900 -11.8% $200 / Sq Ft
07/09/2024 07/09/24 For Sale $339,900 +106.0% $227 / Sq Ft
06/05/2015 06/05/15 Sold $165,000 -2.9% $107 / Sq Ft
04/24/2015 04/24/15 Pending -- -- --
04/19/2015 04/19/15 For Sale $169,900 -- $110 / 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 $1,963 $98,300 $0 $0
2023 $748 $90,900 $0 $0
2022 $1,865 $83,800 $0 $0
2021 $1,717 $80,300 $0 $0
2020 $1,698 $76,100 $0 $0
2019 $674 $75,500 $0 $0
2018 $2,903 $67,600 $67,600 $0
2017 $2,948 $67,900 $0 $0
2016 $642 $65,100 $65,100 $0
2015 -- $66,200 $0 $0
2014 -- $60,700 $60,700 $0
2013 -- $44,900 $44,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240047020

Realcomp

APN: 013-260-013-00