Sold
5730 Benson Street, Otter Lake, MI 48464
Sold on 09/08/2023 for$48,000
MLS # 20230070215 (Realcomp)
3 beds2 baths1,134 sqftBuilt 19000.12 acres
1 / 25
Listing Description
Attention investors. This tenant occupied residence is waiting for its new owner. Current rental income of $650 per month. Home has had some updates including a new well ( five inch casing) in 2022 ($15,000 cost). The windows , roof and siding have also been updated in recent years, Shaded yard and a quiet neighborhood.
Source: SparkMLS
About this home
Located in Otter Lake Village in Otter Lake, this property offers 3-bedroom, 2-bath, 1,134 sq ft, with original construction dating to 1900.
This home sold for $48,000 (about $42/sq ft).
Estimated annual property tax: $2,220, or about $185 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
Bathrooms2
Living Area1,134 sqft
Lot Size0.12 acres
Year Built1900
Stories2
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space, Slab
Garage1 space
HeatingForced Air
WaterWell
SewerPublic
Sale & Financing
Listed8/20/2023
Sold Date9/7/2023
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,220
Parcel #04761800600
Source: SparkMLS
Legal Description
VILLAGE OF OTTER LAKE ORIGINAL PLAT E 1/2 OF LOT 6 BLK 18.
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 Bruce Huber
J L Gardner & Associates Co
Frequently Asked Questions about 5730 Benson Street, Otter Lake, MI 48464
Which school district serves 5730 Benson Street, Otter Lake, MI 48464?
Per MLS# 20230070215, 5730 Benson Street, 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.
What type of financing is accepted for this listing?
Per MLS# 20230070215, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5730 Benson Street, Otter Lake, MI 48464?
Per public tax records, annual property taxes for this property are $2,220. 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, 5730 Benson Street, 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.
Is 5730 Benson Street, Otter Lake, MI 48464 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 utilities serve 5730 Benson Street, Otter Lake, MI 48464?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. 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 Otter Lake Vlg police department or the Lapeer County sheriff's office.
Map
Mortgage Calculator
$
%
$
$
$
Monthly payment$356
Principal & interest$356
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
5730 Benson Street, Otter Lake, MI 48464
View full property history →
Municipality
Otter Lake Village
View all listings →
Get email alerts for new listings near 5730 Benson Street
We'll notify you when something hits the market in Otter Lake Village or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.