Sold
6571 Sherman Drive, Otter Lake, MI 48464
Sold on 06/29/2026 for$125,000
MLS # 20261028312 (Realcomp)
2 beds1 bath640 sqftBuilt 19400.17 acres
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About this home
Located in Marathon Township in Otter Lake, this property offers 2-bedroom, 1-bath, 640 sq ft, with original construction dating to 1940.
Final sale price: $125,000 (about $195/sq ft).
Annual property taxes run approximately $325 ($27/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 Area640 sqft
Lot Size0.17 acres
Year Built1940
Stories1
Location
CityOtter Lake
MunicipalityOtter Lake Vlg
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionStone, Vinyl Siding
BasementWalk-Out Access
WaterPublic
SewerSeptic Tank
InteriorBasement Finished
Sale & Financing
Listed4/26/2026
Sold Date6/28/2026
Original Price$150,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$325
Parcel #04768300750
Source: SparkMLS
Legal Description
13 88 700 000 00 VILLAGE OF OTTER LAKE TANNER, SHERMAN, & STARK'S ADDITION THAT PART OF LOT 7 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 David Binkley
Real Broker, LLC
Frequently Asked Questions about 6571 Sherman Drive, Otter Lake, MI 48464
Which school district serves 6571 Sherman Drive, Otter Lake, MI 48464?
Per MLS# 20261028312, 6571 Sherman Drive, 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 financing options are available for 6571 Sherman Drive, Otter Lake, MI 48464?
Per MLS# 20261028312, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 6571 Sherman Drive, Otter Lake, MI 48464?
Per public tax records, annual property taxes for this property are $325. 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, 6571 Sherman Drive, 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 6571 Sherman Drive, 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 6571 Sherman Drive, Otter Lake, MI 48464?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Septic Tank. Water: Public. 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.
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Monthly payment$908
Principal & interest$908
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
6571 Sherman Drive, Otter Lake, MI 48464
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Municipality
Marathon Township
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