Sold
5630 GENESEE Avenue, Otter Lake, MI 48464
Sold on 09/20/2023 for$55,000
MLS # 20230043766 (Realcomp)
3 beds1 bath1,048 sqftBuilt 19000.34 acres
1 / 9
Listing Description
MOTIVATED SELLERS! Great investment property. The home features an oversized backyard. Property is on 1/2 OF LOTS 5 AND 6 & ALL OF LOT 7, ALSO THE W 1/4 OF LOT 8 Cozy 2 story, 3 bed, 1 bath home in the village of Otter Lake. This property is on a quiet street and within walking distance to local downtown shops and to Otter Lake Park, which has a public beach and spectacular fireworks every 4th!
Source: SparkMLS
About this home
3-bedroom, 1-bath, 1,048 sq ft home in Otter Lake Village in Otter Lake built in 1900.
This home sold for $55,000 (about $52/sq ft).
Annual property taxes run approximately $2,180 ($182/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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,048 sqft
Lot Size0.34 acres
Year Built1900
Stories2
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionVinyl Siding
BasementMichigan Basement
HeatingForced Air
WaterWell
Sale & Financing
Listed6/1/2023
Sold Date9/19/2023
Original Price$129,900
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,180
Parcel #04760900500
Source: SparkMLS
Legal Description
13 73 900 000 00 VILLAGE OF OTTER LAKE ORIGINAL PLAT E 1/2 OF LOTS 5 AND 6 & ALL OF LOT 7, ALSO THE W 1/4 OF LOT 8, BLK 9.
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 Gjon Shkreli
Epique Realty
Frequently Asked Questions about 5630 GENESEE Avenue, Otter Lake, MI 48464
What school district is 5630 GENESEE Avenue, Otter Lake, MI 48464 in?
Per MLS# 20230043766, this property is served by Lakeville. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20230043766, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20230043766, the most recent reported annual property tax for 5630 GENESEE Avenue, Otter Lake, MI 48464 is $2,180. 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 5630 GENESEE Avenue, 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, 5630 GENESEE Avenue, 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$422
Principal & interest$422
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
5630 GENESEE Avenue, Otter Lake, MI 48464
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Municipality
Otter Lake Village
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