Sold

9318 School Street, Lake, MI 48632

Sold on 09/08/2025 for$422,000

MLS # 25002954 (Michigan Regional Information Center (MichRIC))

6 beds2 baths2,402 sqftBuilt 19320.8 acres

9318 School Street, Lake, MI 48632 — front exterior

1 / 37

Listing Description

Motivated Sellers have improved the price and are offering a home warranty on this beautiful historic lake house on almost an acre with 92ft of gently sloping waterfront (no steps). The lot is beautifully landscaped with fruit trees, grape vines, beautiful perennials, sandy beach, new natural stone seawall and a hard to beat view of all sports Crooked Lake. Step inside from water via the deck to a four-season porch without missing the fantastic views. As you enter you will see the vintage charm from the wood floors to the arched doorways. Hot water heat and on the few summer days the lake breezes are not enough a mini split is there to cool the house. This property has been updated with a metal roof, new windows, siding, new boiler and heated floors in the bathroom. A new kitchen

Source: SparkMLS

About this home

This 6-bedroom, 2-bath, 2,402 sq ft home built in 1932 sits in Lake.

Final sale price: $422,000 (about $176/sq ft).

Annual property taxes run approximately $3,874 ($323/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.

Broadband is available with download speeds up to 1,000 Mbps from 7 providers. Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.

Listing Property Details

Property TypeResidential

Property SubtypeSingle Family Residence

Bedrooms6

Bathrooms2

Living Area2,402 sqft

Lot Size0.8 acres

Year Built1932

Stories2

Location

CityLake

MunicipalityGarfield Twp

Zip Code48632

CountyClare

School DistrictFarwell Area Schools

Construction & Systems

StyleTraditional

ConstructionVinyl Siding

BasementFull, Michigan Basement, Walk-Out Access

Garage2 spaces

HeatingBaseboard, Hot Water, Radiant

WaterWell

SewerSeptic Tank

UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected, High-Speed Internet

InteriorCeiling Fan(s), Broadband, Garage Door Opener, Center Island

Sale & Financing

Listed1/27/2025

Sold Date9/7/2025

Original Price$550,000

Terms AcceptedCash, FHA, VA Loan, Conventional

Source: SparkMLS

Tax Information

Annual Tax$3,874

Tax Year2024

Assessed Value$141,465

Parcel #01353001760

Source: SparkMLS

Legal Description

T17N R6W SEC 23 9318 SCHOOL ST PART OF LOT 17 VILLAGE OF CROOKED LAKE BEG AT INT OF CENTER L OF LAKE & SCHOOL ST TH N89 DEG 30'W 33 FT TH N01 DEG E ALG W L OF SCHOOL ST 415.41 FT FOR POB TH N01 DEG E 110 FT TH N55 DEG W 160 FT TH S38 DEG W 185.5 FT TH S23 DEG 12'E ALG SHORE OF CROOKED LAKE 90.2 FT TH N 61 DEG 42'E 75 FT TH S86 DEG 44'E 143.9 FT TO POB.

Property Records

FEMA Flood Zone: Zone X — Minimal flood risk

Source: FEMA NFHL

USDA Rural Development: Eligible — 0% Down Payment Available

Verify eligibility at USDA

Listed by Anita Boven

Century 21 White House Realty

Frequently Asked Questions about 9318 School Street, Lake, MI 48632

What school district is 9318 School Street, Lake, MI 48632 in?

Per MLS# 25002954, this property is served by Farwell Area Schools. 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# 25002954, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, Conventional. 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# 25002954, the most recent reported annual property tax for 9318 School Street, Lake, MI 48632 is $3,874 (2024). 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.

MI Property Tax Estimator

Is 9318 School Street, Lake, MI 48632 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.

USDA Eligibility Map

What is the FEMA flood zone designation for this property?

Per FEMA's National Flood Hazard Layer, 9318 School Street, Lake, MI 48632 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.

FEMA Flood Map

Is fiber internet available at 9318 School Street, Lake, MI 48632?

Per FCC Broadband Data Collection filings, fiber internet is not currently available at 9318 School Street, Lake, MI 48632. The maximum advertised download speed is 1.0 Gbps. 7 internet providers serve this address. Confirm availability and speeds directly with providers.

FCC Broadband Map

Who are the utility providers for this property?

Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.

Consumers Energy Company DTE Gas Company MI Public Service Commission

How safe is this area?

For crime and public safety data, we recommend inquiring directly with the Garfield Twp police department or the Clare County sheriff's office.

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