Sold

514 Lake Street, Addison, MI 49220

Sold on 07/08/2022 for$138,000

MLS # 22015246 (Michigan Regional Information Center (MichRIC))

3 beds1 bath1,312 sqftBuilt 19000.96 acres

Listing Description

Located on a corner lot in the quiet little village of Addison. This home features three bedrooms, one bathroom, a spacious living room & eat-in kitchen with a large deck right off it. The upstairs bedroom is a lovely loft style room with potential for a man/women cave with plenty of natural lighting. Living here you are within walking distance to Addison Community Schools.

Source: SparkMLS

About this home

Located in Addison Village in Addison, this property offers 3-bedroom, 1-bath, 1,312 sq ft, with original construction dating to 1900.

Final sale price: $138,000 (about $105/sq ft).

Annual property taxes run approximately $1,273 ($106/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.

Electric service is provided by Consumers Energy Company. Fiber internet is available at this address with download speeds up to 7,000 Mbps across 9 providers.

Listing Property Details

Property TypeResidential

Property SubtypeSingle Family Residence

Bedrooms3

Bathrooms1

Living Area1,312 sqft

Lot Size0.96 acres

Year Built1900

Stories2

Location

CityAddison

MunicipalityAddison Vllg

Zip Code49220

CountyLenawee

School DistrictAddison Community Schools

Construction & Systems

StyleTraditional

ConstructionAluminum Siding, Wood Siding

BasementCrawl Space, Michigan Basement, Partial

HeatingForced Air

WaterPublic

SewerPublic

Sale & Financing

Listed4/28/2022

Sold Date7/7/2022

Terms AcceptedFHA, VA Loan, Rural Development, Conventional

Source: SparkMLS

Tax Information

Annual Tax$1,273

Tax Year2021

Assessed Value$37,160

Parcel #RL1-300-8031-00

Source: SparkMLS

Legal Description

Per Deed

Property Records

FEMA Flood Zone: Zone X — Minimal flood risk

Source: FEMA NFHL

USDA Rural Development: Eligible — 0% Down Payment Available

Verify eligibility at USDA

Listed by Alicia Edison

Coldwell Banker Groves Real Estate

Frequently Asked Questions about 514 Lake Street, Addison, MI 49220

Which school district serves 514 Lake Street, Addison, MI 49220?

Per MLS# 22015246, 514 Lake Street, Addison, MI 49220 is in the Addison Community Schools boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Addison Community Schools directly to confirm enrollment eligibility.

Can I use FHA or VA financing for this property?

Per MLS# 22015246, this listing accepts FHA, VA Loan, Rural Development, Conventional 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 514 Lake Street, Addison, MI 49220?

Per public tax records, annual property taxes for this property are $1,273 (2021). 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.

MI Property Tax Estimator

Can I use a USDA Rural Development loan for this property?

Per USDA Rural Development boundary data, 514 Lake Street, Addison, MI 49220 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.

USDA Eligibility Map

Is 514 Lake Street, Addison, MI 49220 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.

FEMA Flood Map

What internet service is available at this address?

Per FCC Broadband Data Collection filings, fiber internet is available at 514 Lake Street, Addison, MI 49220. The maximum advertised download speed is 7.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.

FCC Broadband Map

What utilities serve 514 Lake Street, Addison, MI 49220?

Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.

Consumers Energy Company Consumers Energy Company MI Public Service Commission

What is the crime rate in this area?

For crime and public safety data, we recommend inquiring directly with the Addison Vllg police department or the Lenawee County sheriff's office.

Loading map...

Or contact Alexander directly

Call Text Email

BETAMulti-Year Tax History

View SEV, Taxable Value, and uncapping difference for this parcel — Lenawee County public records.

Mortgage Calculator

Purchase Price

Interest Rate

Loan Term

Annual Property Taxes

Annual Homeowner's Insurance

Monthly HOA

Monthly payment$907

Principal & interest$907

Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.

Internet

Fiber

Download

7 Gbps

Upload

7 Gbps

FiberCableLicensed Fixed WirelessGSO SatelliteUnlicensed Fixed WirelessSatelliteFixed Wireless

9 providers at this address

FrontierFiber

7 Gbps

XfinityCable

1.2 Gbps

VerizonLicensed Fixed Wireless

300 Mbps

StarlinkGSO Satellite

280 Mbps

Mercury FiberUnlicensed Fixed Wireless

150 Mbps

HughesNetSatellite

100 Mbps

Viasat IncSatellite

100 Mbps

AT&TLicensed Fixed Wireless

25 Mbps

Rural ReachFixed Wireless

25 Mbps

FCC Broadband Data Collection (Dec 2025). Max advertised speeds.

Utilities

Consumers Energy Company

Investor-Owned

800-477-5050 Web

Consumers Energy Company

Investor-Owned

800-477-5050 Web

MI Public Service Commission service territory boundaries.

Property

514 Lake Street, Addison, MI 49220

View full property history →

Municipality

Addison Village

View all listings →

County

Oakland County

View county overview →

Get email alerts for new listings near 514 Lake Street

We'll notify you when something hits the market in Addison Village or nearby.

Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.

Listing Description

Source: SparkMLS

About this home

Located in Addison Village in Addison, this property offers 3-bedroom, 1-bath, 1,312 sq ft, with original construction dating to 1900.

Final sale price: $138,000 (about $105/sq ft).

Annual property taxes run approximately $1,273 ($106/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.

Electric service is provided by Consumers Energy Company. Fiber internet is available at this address with download speeds up to 7,000 Mbps across 9 providers.

Listing Property Details

Property TypeResidential

Property SubtypeSingle Family Residence

Bedrooms3

Bathrooms1

Living Area1,312 sqft

Lot Size0.96 acres

Year Built1900

Stories2

Location

CityAddison

MunicipalityAddison Vllg

Zip Code49220

CountyLenawee

School DistrictAddison Community Schools

Construction & Systems

StyleTraditional

ConstructionAluminum Siding, Wood Siding

BasementCrawl Space, Michigan Basement, Partial

HeatingForced Air

WaterPublic

SewerPublic

Sale & Financing

Listed4/28/2022

Sold Date7/7/2022

Terms AcceptedFHA, VA Loan, Rural Development, Conventional

Source: SparkMLS

Frequently Asked Questions about 514 Lake Street, Addison, MI 49220

Which school district serves 514 Lake Street, Addison, MI 49220?

Can I use FHA or VA financing for this property?

What are the property taxes at 514 Lake Street, Addison, MI 49220?

MI Property Tax Estimator

Can I use a USDA Rural Development loan for this property?

USDA Eligibility Map

Is 514 Lake Street, Addison, MI 49220 in a flood zone?

FEMA Flood Map

What internet service is available at this address?

FCC Broadband Map

What utilities serve 514 Lake Street, Addison, MI 49220?

Consumers Energy Company Consumers Energy Company MI Public Service Commission

What is the crime rate in this area?

For crime and public safety data, we recommend inquiring directly with the Addison Vllg police department or the Lenawee County sheriff's office.