Sold
5522 HEMINGWAY LAKE Road, Otter Lake, MI 48464
Sold on 06/02/2024 for$199,900
MLS # 20240025989 (Realcomp)
3 beds1 bath1,700 sqftBuilt 19691.17 acres
1 / 35
Listing Description
Enjoy full access to swimming, fishing, boating, picnics, BBQs on Otter Lake. Right down the road within walking distance you will have full access and use of Lake, boat launch and beach free to all residence within the town limits. This raised ranch has two large bedrooms upstairs, the third bedroom is in the walkout basement and has it's own egress window. The basement also houses a newer furnace, water heater and well bladder. There is plenty of room in this full basement to turn it into another living space, a toy room or your very own entertaining spot. Upstairs is an open concept plan giving you an open feel with lots of sunlight coming through the large windows. Off the dining room is a slider door that takes you to the raised deck where you can enjoy morning coffee, evening wine and all the wildlife. The house is set back off the road with lots of mature trees and landscaping for shade and privacy. NATURAL GAS, PUBLIC SEWER, WELL, PAVED ROAD, NEWER WATER HEATER, WELL BLADDER AND ROOF. LAKE PRIVELAGES
Source: SparkMLS
About this home
Located in Otter Lake Village in Otter Lake, this property offers 3-bedroom, 1-bath, 1,700 sq ft, with original construction dating to 1969.
This home sold for $199,900 (about $118/sq ft).
Estimated annual property tax: $1,197, or about $100 monthly. 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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,700 sqft
Lot Size1.17 acres
Year Built1969
Stories1
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionVinyl Siding
BasementPartial
HeatingForced Air
WaterWell
InteriorBasement Partially Finished
Sale & Financing
Listed4/22/2024
Sold Date6/1/2024
Terms AcceptedCash, Conventional, FHA, Rural Development, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,197
Parcel #04763601000
Source: SparkMLS
Legal Description
VILLAGE OF OTTER LAKE BEG S 89 DEG 20' 47" W 200 FT ALONG EW 1/4 LINE, TH S 89 DEG 20' 47" W 175 FT ALONG E/W 1/4 LINE, TH N 00 DEG 10' E 290 FT, TH N 89 DEG 20' 47" E 175 FT, TH S 00 DEG 10' W 290 FT TO POB. 1.16 A.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Amy Forti
Realty Volution.com
Frequently Asked Questions about 5522 HEMINGWAY LAKE Road, Otter Lake, MI 48464
What school district is 5522 HEMINGWAY LAKE Road, Otter Lake, MI 48464 in?
Per MLS# 20240025989, this property is served by Lakeville. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20240025989, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, Rural Development, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20240025989, the most recent reported annual property tax for 5522 HEMINGWAY LAKE Road, Otter Lake, MI 48464 is $1,197. 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.
Is 5522 HEMINGWAY LAKE Road, Otter Lake, MI 48464 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5522 HEMINGWAY LAKE Road, Otter Lake, MI 48464 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Well. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Otter Lake Vlg police department or the Lapeer County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$1,297
Principal & interest$1,297
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
5522 HEMINGWAY LAKE Road, Otter Lake, MI 48464
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Municipality
Otter Lake Village
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