Sold
74 PARK ISLAND Drive, Lake Orion, MI 48362
Sold on 02/05/2024 for$670,000
MLS # 20230092969 (Realcomp)
3 beds3 baths2,066 sqftBuilt 19400.12 acres
1 / 30
Listing Description
Rare Opportunity, never been listed. This is the main home of three congruent properties the other two properties have three units each, (triplexe income properties). Buy one or all three. Welcome home to this prime Lakefront property on all sports Lake Orion, in the heart of Village. Two story home with walkout basement & four car garage. Walkout has a full bath, rec rm, wet bar, fireplace, hot tub, laundry room & gas line for 2nd stove. Garage is heated, utility sink, workbench. Updates: a few new vinyl windows & siding, GDOpeners, covered porch to the lakeside, boat well with lift & dock. Beautiful sunsets, all sports lake lifestyle, prime location to watch fireworks, 62' Lake frontage, sea wall, landscaping retaining wall & sea wall. Appliance included as isPre-approved buyers only.BATVAIThe seller will sell this property separately however they would welcome a package sale of all three properties. 74 Park Island MLS#20230092969 $700,000, 80, 82, 84 Park Island MLS# 202300949385 $800,000 & 88, 90 1 & 2 Park Island MLS#2023009440 $900,000. Shared irrigation system for all 3 properties, selling "as is."
Source: SparkMLS
About this home
Located in Lake Orion Village in Lake Orion, this property offers 3-bedroom, 3-bath, 2,066 sq ft, with original construction dating to 1940.
This home sold for $670,000 (about $324/sq ft).
Annual property taxes run approximately $4,861 ($405/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
Bathrooms3
Living Area2,066 sqft
Lot Size0.12 acres
Year Built1940
Stories3
Location
CityLake Orion
MunicipalityLake Orion Vlg
Zip Code48362
CountyOakland
School DistrictLake Orion
Construction & Systems
ConstructionAluminum Siding, Brick
BasementPartial
Garage4 spaces
HeatingHot Water
WaterPublic
InteriorBasement Partially Finished, Wet Bar
Sale & Financing
Listed11/6/2023
Sold Date2/4/2024
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,861
State Equalized Value$281,900
Taxable Value$281,900
Parcel #0911252002
Source: Public Records
Legal Description
T4N, R10E, SEC 11 ASSESSOR'S REPLAT OF DECKERS ADD PART OF LOT 33 BEG AT PT ON SELY LOT LINE DIST N 53-30-00 E 55.64 FT FROM SE LOT COR, TH N 53-30-00 E 48.78 FT, TH N 52-00-00 E 0.34 FT, TH N 38-00-00 W 27.60 FT, TH N 52-00-00 E 12.88 FT, TH N 38-00-00 W 71.70 FT TO LAKE SHORE, TH SWLY ALG LAKE SHORE 62 FT, TH S 37-52-00 E 96.30 FT TO BEG
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Andrea Elam White
Elam Realty
Frequently Asked Questions about 74 PARK ISLAND Drive, Lake Orion, MI 48362
What school district is 74 PARK ISLAND Drive, Lake Orion, MI 48362 in?
Per MLS# 20230092969, this property is served by Lake Orion. 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# 20230092969, 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# 20230092969, the most recent reported annual property tax for 74 PARK ISLAND Drive, Lake Orion, MI 48362 is $4,861. 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 74 PARK ISLAND Drive, Lake Orion, MI 48362 eligible for USDA financing?
Per USDA Rural Development boundary data, 74 PARK ISLAND Drive, Lake Orion, MI 48362 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 74 PARK ISLAND Drive, Lake Orion, MI 48362 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. 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: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$4,540
Principal & interest$4,540
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
74 PARK ISLAND Drive, Lake Orion, MI 48362
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Municipality
Lake Orion Village
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County
Oakland County
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