Sold
5840 FOREST Avenue, Otter Lake, MI 48464
Sold on 08/22/2024 for$135,000
MLS # 20240044934 (Realcomp)
3 beds2 baths1,261 sqftBuilt 19000.19 acres
1 / 27
Listing Description
Come see this 3 BR, 2 Full Bath in this charming Cape Cod with an ideal location: One Block from Otter Lake! Here in the Village of Otter Lake you will have only a short walk to swim or sun bath on the huge sandy beach. Or perhaps fishing and boating is your passion. You can have all this in this solid built home on 2 1/2 lots. Facing Forest Avenue is an ample sized enclosed porch that highlights the entrance. Three bedrooms up stairs have the convenience of a Laundry room on the same floor. The main floor has a dining room open to the modern Kitchen. There are new windows on the main floor. Otter Lake Village living is simple and unencumbered by big city traffic. Time has been good here and preserved many of the historic homes and landmarks for you to enjoy. This house was the first home built in Otter Lake and is of intrinsic historical value to the area. It has both History and Location but needs some old fashioned TLC. The perfect buyer would be one who would see the historical value this home brings to the village. Or perhaps an investor can see the value.If you have cat allergies this home has a number of cats.
Source: SparkMLS
About this home
3-bedroom, 2-bath, 1,261 sq ft home in Otter Lake Village in Otter Lake built in 1900.
This home sold for $135,000 (about $107/sq ft).
Property tax estimate: $749 per year ($62/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
Bathrooms2
Living Area1,261 sqft
Lot Size0.19 acres
Year Built1900
Stories2
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionWood Siding
Garage1.5 spaces
HeatingBaseboard
WaterWell
Sale & Financing
Listed6/23/2024
Sold Date8/21/2024
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$749
Parcel #04765101300
Source: SparkMLS
Legal Description
VILLAGE OF OTTER LAKE W C CUMING'S ADDITION S 32 FEET OF LOT 13 AND ALL OF LOTS 14 AND 15 BLK 1.
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 Gary Hintz
Real Estate One-Ortonville
Frequently Asked Questions about 5840 FOREST Avenue, Otter Lake, MI 48464
Which school district serves 5840 FOREST Avenue, Otter Lake, MI 48464?
Per MLS# 20240044934, 5840 FOREST Avenue, 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# 20240044934, this listing accepts Cash, Conventional, FHA, 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 5840 FOREST Avenue, Otter Lake, MI 48464?
Per public tax records, annual property taxes for this property are $749. 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, 5840 FOREST Avenue, 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 5840 FOREST Avenue, 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 5840 FOREST Avenue, Otter Lake, MI 48464?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. 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
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Monthly payment$837
Principal & interest$837
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
5840 FOREST Avenue, Otter Lake, MI 48464
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Municipality
Otter Lake Village
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