Sold
5757 GENESEE Avenue, Otter Lake, MI 48464
Sold on 02/21/2024 for$97,000
MLS # 20240005681 (Realcomp)
1 bed1 bath1,376 sqftBuilt 19400.23 acres
1 / 20
Listing Description
Investor special to convert this former convenience store into a single family residence right across from Otter Lake. Can also be converted into a multi-family AirBnB for extra revenue!! Property can be delivered empty of all equipment. Seller will look at all offers
Source: SparkMLS
About this home
This 1-bedroom, 1-bath, 1,376 sq ft home built in 1940 sits in Otter Lake Village in Otter Lake.
This home sold for $97,000 (about $70/sq ft).
Estimated annual property tax: $712, or about $59 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
Bedrooms1
Bathrooms1
Living Area1,376 sqft
Lot Size0.23 acres
Year Built1940
Stories1
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementSlab
HeatingForced Air
WaterWell
SewerPublic
Sale & Financing
Listed1/29/2024
Sold Date2/20/2024
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$712
Parcel #04761300300
Source: SparkMLS
Legal Description
VILLAGE OF OTTER LAKE ORIGINAL PLAT LOT 3, BLK 13.
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 Joseph Tinpan
New Michigan Realty, LLC
Frequently Asked Questions about 5757 GENESEE Avenue, Otter Lake, MI 48464
What school district is 5757 GENESEE Avenue, Otter Lake, MI 48464 in?
Per MLS# 20240005681, 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# 20240005681, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20240005681, the most recent reported annual property tax for 5757 GENESEE Avenue, Otter Lake, MI 48464 is $712. 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 5757 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, 5757 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. Sewer: Public. 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$778
Principal & interest$778
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
5757 GENESEE Avenue, Otter Lake, MI 48464
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Municipality
Otter Lake Village
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