Sold
505 PENNY LAKE Road, Wolverine Lake, MI 48390
Sold on 05/17/2024 for$265,000
MLS # 20240022118 (Realcomp)
3 beds1 bath1,688 sqftBuilt 19670.3 acres
1 / 15
Listing Description
Enjoy beach & boat launch access to Wolverine Lake with this 3 bedroom home with almost 1700 finished square feet! Convenient ranch-style layout features a living room that is open to the eat-in kitchen and dining area, which offers back yard access. The basement family room offers even more living space and features a fireplace for chilly winter evenings. A deck overlooks the large, tree-lined backyard, perfect for outdoor meals, and a backyard smoker/barbecue area offers a place to entertain friends. Many updates include: roof with 50 year transferable warranty, AC, furnace, and whole house water filtration system all updated in 2021. See additional documents for a complete list of updates and amenities. Call for a private tour today!
Source: SparkMLS
About this home
Located in Wolverine Lake Village in Wolverine Lake, this property offers 3-bedroom, 1-bath, 1,688 sq ft, with original construction dating to 1967.
Closed at $265,000 (about $157/sq ft).
Annual property taxes run approximately $2,305 ($192/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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,688 sqft
Lot Size0.3 acres
Year Built1967
Stories1
Location
CityWolverine Lake
MunicipalityWolverine Lake Vlg
Zip Code48390
CountyOakland
School DistrictWalled Lake Consolidated Schools
Construction & Systems
ConstructionAluminum Siding, Brick
BasementPartial
Garage2 spaces
HeatingForced Air
WaterWell
SewerSeptic Tank
InteriorBasement Partially Finished
Sale & Financing
Listed4/10/2024
Sold Date5/16/2024
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$70 / Annually
Source: SparkMLS
Tax Information
Annual Tax$2,305
State Equalized Value$116,030
Taxable Value$116,030
Parcel #1727407009
Source: Public Records
Legal Description
T2N, R8E, SEC 27 PENNY LAKE ESTATES 2 LOT 52
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by David K Nemer
Wentworth Real Estate Group
Frequently Asked Questions about 505 PENNY LAKE Road, Wolverine Lake, MI 48390
Which school district serves 505 PENNY LAKE Road, Wolverine Lake, MI 48390?
Per MLS# 20240022118, 505 PENNY LAKE Road, Wolverine Lake, MI 48390 is in the Walled Lake Consolidated Schools boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Walled Lake Consolidated Schools directly to confirm enrollment eligibility.
What financing options are available for 505 PENNY LAKE Road, Wolverine Lake, MI 48390?
Per MLS# 20240022118, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 505 PENNY LAKE Road, Wolverine Lake, MI 48390?
Per public tax records, annual property taxes for this property are $2,305. 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, 505 PENNY LAKE Road, Wolverine Lake, MI 48390 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 505 PENNY LAKE Road, Wolverine Lake, MI 48390 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 505 PENNY LAKE Road, Wolverine Lake, MI 48390. The maximum advertised download speed is 5.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 505 PENNY LAKE Road, Wolverine Lake, MI 48390?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Septic Tank. Water: Well. 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.
Map
Mortgage Calculator
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Monthly payment$1,822
Principal & interest$1,816
HOA$6
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
505 PENNY LAKE Road, Wolverine Lake, MI 48390
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Municipality
Wolverine Lake Village
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County
Oakland County
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