Sold
5990 FOREST Avenue, Otter Lake, MI 48464
Sold on 09/30/2024 for$89,000
MLS # 20240067190 (Realcomp)
2 beds1 bath1,053 sqftBuilt 19400.2 acres
1 / 25
Listing Description
Run, don't walk, to check out this cute 2 bedroom "cottage style" home with Lake Access! With an abundance of light through out the home and a view of the lake, you will want to make it your own! This home comes completely furnished, making it easy for you to just move right in! For convenience, there is a ramp leading to the side door. The metal roof is approximately 10 years old. Come check it out today! Buyer to assume sewer special assessment, which is included in the tax amount.
Source: SparkMLS
About this home
Located in Otter Lake Village in Otter Lake, this property offers 2-bedroom, 1-bath, 1,053 sq ft, with original construction dating to 1940.
This home sold for $89,000 (about $85/sq ft).
Property tax estimate: $1,682 per year ($140/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
Bedrooms2
Bathrooms1
Living Area1,053 sqft
Lot Size0.2 acres
Year Built1940
Stories1
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
HeatingForced Air
WaterWell
Sale & Financing
Listed9/7/2024
Sold Date9/29/2024
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,682
Parcel #04765301100
Source: SparkMLS
Legal Description
13 84 000 000 00 VILLAGE OF OTTER LAKE W C CUMING'S ADDITION LOT 11 BLK 3.
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 Dawn P Swadling
RE/MAX Right Choice
Frequently Asked Questions about 5990 FOREST Avenue, Otter Lake, MI 48464
What school district is 5990 FOREST Avenue, Otter Lake, MI 48464 in?
Per MLS# 20240067190, 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# 20240067190, 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# 20240067190, the most recent reported annual property tax for 5990 FOREST Avenue, Otter Lake, MI 48464 is $1,682. 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 5990 FOREST 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, 5990 FOREST 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$648
Principal & interest$648
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
5990 FOREST Avenue, Otter Lake, MI 48464
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Municipality
Otter Lake Village
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