Sold
6505 N LAKE Road, Otter Lake, MI 48464
Sold on 07/01/2025 for$240,000
MLS # 20250012146 (Realcomp)
3 beds1 bath1,423 sqftBuilt 19780.45 acres
1 / 39
Listing Description
Less than 2 miles from three lakes (Hemingway, Otter, and North) not to mention the "up north" feeling just off from M-15, this is the one for you. This 1,400 sq ft ranch has countless updates on a half-acre corner lot, with a fully fenced backyard for worry-free enjoyment. The 19x38' insulated garage has electricity and is ready for you it make it your workshop. The craftsman front door welcomes you into the living/dining room with neutral paint, LVP flooring, and crown molding that flows into the kitchen with a slider to the covered backyard deck for grilling and lounging in any weather! Faux quartz counters compliment the neutral shaker cabinets, open shelving, and stainless appliances. The LVP flooring continues into three spacious bedrooms, while the updated bathroom has tile floors and shower. Family room is spacious enough to accommodate everyone, with a second patio door leading out to the deck. Updates in the last 3 years include- roof and sheeting by Martin Builders (Nov. '24), Rheem water heater, well, and windows. Laundry room has Whirlpool washer and dryer along with an energy-efficient furnace. Your piece of paradise!
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 1,423 sq ft home built in 1978 sits in Otter Lake.
Final sale price: $240,000 (about $169/sq ft).
Estimated annual property tax: $2,047, or about $171 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,423 sqft
Lot Size0.45 acres
Year Built1978
Stories1
Location
CityOtter Lake
MunicipalityMarathon Twp
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
Garage2.5 spaces
HeatingForced Air
WaterWell
SewerSeptic Tank
Sale & Financing
Listed2/25/2025
Sold Date6/30/2025
Original Price$245,000
Terms AcceptedCash, Conventional, FHA, Rural Development, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,047
Parcel #01312000300
Source: SparkMLS
Legal Description
T9N R9E HIGH MEADOW LOT 3
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Rachel M Opperman Clark
Knockout Real Estate
Frequently Asked Questions about 6505 N LAKE Road, Otter Lake, MI 48464
What school district is 6505 N LAKE Road, Otter Lake, MI 48464 in?
Per MLS# 20250012146, this property is served by Lakeville. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20250012146, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, Rural Development, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20250012146, the most recent reported annual property tax for 6505 N LAKE Road, Otter Lake, MI 48464 is $2,047. 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 6505 N LAKE Road, 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Sewer: Septic Tank. 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 Marathon Twp police department or the Lapeer County sheriff's office.
Mortgage Calculator
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Monthly payment$1,524
Principal & interest$1,524
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Property
6505 N LAKE Road, Otter Lake, MI 48464
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