Sold
5975 LAKE Road, Otter Lake, MI 48464
Sold on 08/21/2023 for$228,500
MLS # 20230040916 (Realcomp)
3 beds2 baths1,581 sqftBuilt 18953.5 acres
1 / 52
Listing Description
Welcome to 5975 Lake Road, a captivating retreat nestled in the charming Otter Lake. This remarkable property on a 3.5 acre lot offers a harmonious blend of natural beauty, modern comforts, and tranquility. Immerse yourself in the serene surroundings as you enter the wide driveway and step onto the expansive deck. Inside, you'll be greeted by a cozy living room with a beautiful fireplace. The open-concept living area is bathed in natural light, providing a warm and inviting atmosphere for relaxation and entertainment. The well-appointed kitchen boasts sleek appliances, ample counter space, and a functional layout. Retreat to the comfortable bedrooms, each offering a peaceful haven to recharge and rejuvenate. The updated bathrooms feature modern fixtures and finishes, adding a touch of elegance to your daily routine. With its prime location in Otter Lake, this property offers easy access to outdoor recreational activities, Otter Lake is less than a 1/4 mile away, the property is adjacent to the Southern Links Trailway, charming local shops, dining options and 15 minutes from Lapeer and Frankenmuth. Popular destination for all the fishing and hunting enthusiast. Whether you're seeking a weekend getaway or a year-round residence, this home provides the perfect blend of tranquility and convenience. Don't miss the opportunity to own this extraordinary retreat. Schedule your private tour today and embark on a journey of lakeside living.
Source: SparkMLS
About this home
3-bedroom, 2-bath, 1,581 sq ft home in Otter Lake Village in Otter Lake built in 1895.
This home sold for $228,500 (about $145/sq ft).
Annual property taxes run approximately $2,422 ($202/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 Area1,581 sqft
Lot Size3.5 acres
Year Built1895
Stories2
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionAluminum Siding
BasementMichigan Basement
Garage2.5 spaces
HeatingForced Air
WaterWell
InteriorHome Warranty, Water Softener/Owned
Sale & Financing
Listed6/8/2023
Sold Date8/20/2023
Original Price$255,000
Terms AcceptedCash, Conventional, FHA, Rural Development, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,422
Parcel #04763701400
Source: SparkMLS
Legal Description
13 80 400 000 00 SEC 7 T9N R9E VILLAGE OF OTTER LAKE COM ON W LINE OF MCRR R/W AT S LINE OF PMRR R/W TH SW ALONG PMRR 195 FT S 265 FT E 247 FT NE AT R ANGLE WITH MCRR R/W 165 FEET TO SAID R/W TH NW ALONG R/W 375 FEET TO BEG, EX THE ELY 100 FT THEREOF, LYING PARALLEL TO MCRR R/W. 2.65 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 Joseph Delia
Keller Williams Paint Creek
Frequently Asked Questions about 5975 LAKE Road, Otter Lake, MI 48464
Which school district serves 5975 LAKE Road, Otter Lake, MI 48464?
Per MLS# 20230040916, 5975 LAKE Road, 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# 20230040916, this listing accepts Cash, Conventional, FHA, Rural Development, 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 5975 LAKE Road, Otter Lake, MI 48464?
Per public tax records, annual property taxes for this property are $2,422. 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, 5975 LAKE Road, 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 5975 LAKE Road, 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 5975 LAKE Road, 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$1,589
Principal & interest$1,589
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
5975 LAKE Road, Otter Lake, MI 48464
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Municipality
Otter Lake Village
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