Sold
5380 Otter Lake Road, Otter Lake, MI 48464
Sold on 08/08/2025 for$250,000
MLS # 20251010125 (Realcomp)
3 beds2 baths1,440 sqftBuilt 19874.37 acres
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Listing Description
Move in ready! Discover this adorable 3 bedroom, 1 1/2 bath home nestled on a spacious 4.3 acres. Boasting an open concept living area, this well-maintained home is perfect for both relaxation and entertainment. The full unfinished basement offers valuable garage space, providing endless possibilities for storage or customization. Need more storage? A 27x27 pole barn complements the property for all your outdoor needs. Step outside to enjoy the large deck, perfect for summer barbecues or peaceful evenings enjoying the wildlife. Located on a paved road and equipped with natural gas. Don't miss out, set up a showing today.
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,440 sq ft home built in 1987 sits in Otter Lake.
Final sale price: $250,000 (about $174/sq ft).
Annual property taxes run approximately $2,106 ($176/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,440 sqft
Lot Size4.37 acres
Year Built1987
Stories1
Location
CityOtter Lake
MunicipalityMarathon Twp
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionVinyl Siding
Garage1 space
HeatingForced Air
WaterWell
SewerSeptic Tank
Sale & Financing
Listed6/18/2025
Sold Date8/7/2025
Terms AcceptedCash, Conventional, FHA, Rural Development, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,106
Parcel #01300501750
Source: SparkMLS
Legal Description
SEC 5, T9N, R9E THE E 440 FT OF THE S 433 FT OF THE SW 1/4 OF THE SW 1/4 4.37 A
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Cody Bonner
B & B Realty Solutions
Frequently Asked Questions about 5380 Otter Lake Road, Otter Lake, MI 48464
Which school district serves 5380 Otter Lake Road, Otter Lake, MI 48464?
Per MLS# 20251010125, 5380 Otter Lake Road, Otter Lake, MI 48464 is in the Lakeville boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Lakeville directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20251010125, this listing accepts Cash, Conventional, FHA, Rural Development, 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 5380 Otter Lake Road, Otter Lake, MI 48464?
Per public tax records, annual property taxes for this property are $2,106. 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, 5380 Otter Lake Road, Otter Lake, MI 48464 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.
What utilities serve 5380 Otter Lake Road, Otter Lake, MI 48464?
Per Michigan Public Service Commission service territory data: 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 Marathon Twp police department or the Lapeer County sheriff's office.
Mortgage Calculator
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Monthly payment$1,745
Principal & interest$1,745
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Property
5380 Otter Lake Road, Otter Lake, MI 48464
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