Sold
367 OAK Lane, Lake Orion, MI 48362
Sold on 08/10/2023 for$360,000
MLS # 20230059938 (Realcomp)
3 beds2 baths1,152 sqftBuilt 19280.3 acres
1 / 23
Listing Description
Your Chance to Secure a Double Lakefront Location with House on Lake Orion and Enchanting Life on “The Lake” *** This Spot is Spectacular *** Oak Lane, A Dead-End Street Boasts only a Hand Full of Houses and This House is the Only One on North Side of Street. You Will Not Be Cramped Here, No House is Nearby so Plenty of Room to Rehab, Add on or Start Over *** Original Owner Thoughtfully Designed the House to Offer Bewitching Angles, via Use of Post and Beam Construction *** Full Basement is Noteworthy with a Walk Out Towards the Lake *** Two Road Frontages Help Insure No Other Houses Nearby and Ample Parking, Another Unique Feature that Can Be so Rare on the Lake. Full Brick Fireplace *** Two Slides to Deck Offer Paramount Views of the Lake *** Plenty of Mature Trees add to Seclusion and Tranquil Atmosphere *** This Property Needs a Total Redo Top to Bottom *** Property is being sold “as-is, where-is” CASH only. Please stay off the deck!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,152 sq ft home built in 1928 sits in Lake Orion Village in Lake Orion.
Final sale price: $360,000 (about $313/sq ft).
Property tax estimate: $4,578 per year ($382/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,152 sqft
Lot Size0.3 acres
Year Built1928
Stories2
Location
CityLake Orion
MunicipalityLake Orion Vlg
Zip Code48362
CountyOakland
School DistrictLake Orion
Construction & Systems
ConstructionAluminum Siding
HeatingHot Water
WaterPublic
Sale & Financing
Listed7/21/2023
Sold Date8/9/2023
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$4,578
State Equalized Value$160,410
Taxable Value$160,410
Parcel #0902301004
Source: Public Records
Legal Description
T4N, R10E, SEC 2 ORION SUMMER HOME CO'S SUB LOTS 85 & 86
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Kathleen Sanchez
Real Estate One-Oxford
Frequently Asked Questions about 367 OAK Lane, Lake Orion, MI 48362
Which school district serves 367 OAK Lane, Lake Orion, MI 48362?
Per MLS# 20230059938, 367 OAK Lane, Lake Orion, MI 48362 is in the Lake Orion boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Lake Orion directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20230059938, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 367 OAK Lane, Lake Orion, MI 48362?
Per public tax records, annual property taxes for this property are $4,578. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 367 OAK Lane, Lake Orion, MI 48362 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 367 OAK Lane, Lake Orion, MI 48362 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 367 OAK Lane, Lake Orion, MI 48362?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$2,594
Principal & interest$2,594
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
367 OAK Lane, Lake Orion, MI 48362
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Municipality
Lake Orion Village
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County
Oakland County
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