Sold
6555 Sherman Drive, Otter Lake, MI 48464
Sold on 12/04/2023 for$300,000
MLS # 20230098079 (Realcomp)
3 beds2 baths1,510 sqftBuilt 19100.07 acres
1 / 48
Listing Description
Fun-derful turn key cottage on clear,clean and deep spring fed Otter Lake. Boating, swimming, fishing- it is all here outside your back door and only a short drive from Metro area. Seller is leaving all furnishings and household items for the new owners. This will also include all the water toys, aluminum roll in dock, paddle boat and kayaks. Just bring the groceries and key and you are ready to relax. The home has been totally rebuilt in recent years and will offer years of carefree enjoyment. An immense wrap around covered deck/porch (744 sq. ft.) allows shaded comfort and a wonderful view of sunsets. schedule your viewing today.
Source: SparkMLS
About this home
3-bedroom, 2-bath, 1,510 sq ft home in Otter Lake Village in Otter Lake built in 1910.
Final sale price: $300,000 (about $199/sq ft).
Property tax estimate: $7,495 per year ($625/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 Area1,510 sqft
Lot Size0.07 acres
Year Built1910
Stories2
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space, Michigan Basement
HeatingForced Air
WaterWell
InteriorSecurity System, Water Softener/Owned, Whirlpool Tub
Sale & Financing
Listed11/15/2023
Sold Date12/3/2023
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$7,495
Parcel #04768300100
Source: SparkMLS
Legal Description
VILLAGE OF OTTER LAKE TANNER, SHERMAN, & STARK'S ADDITION THAT PART OF LOT 1 LYING W OF ALLEY RUNNING N & S THRU BLOCK 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 Bruce Huber
J L Gardner & Associates Co
Frequently Asked Questions about 6555 Sherman Drive, Otter Lake, MI 48464
What school district is 6555 Sherman Drive, Otter Lake, MI 48464 in?
Per MLS# 20230098079, 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# 20230098079, 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# 20230098079, the most recent reported annual property tax for 6555 Sherman Drive, Otter Lake, MI 48464 is $7,495. 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 6555 Sherman Drive, 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, 6555 Sherman Drive, 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$1,939
Principal & interest$1,939
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
6555 Sherman Drive, Otter Lake, MI 48464
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Municipality
Otter Lake Village
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