Sold
985 Fairledge Street, Lake Orion, MI 48362
Sold on 01/09/2026 for$215,000
MLS # 20251047346 (Realcomp)
3 beds2 baths1,382 sqftBuilt 19500.5 acres
1 / 17
Listing Description
HUD FHA Case# 264-376782 - Charming 1950s home with endless potential! This property features a spacious living room with a doorwall leading to a 16x16 wood deck—perfect for relaxing or entertaining. Enjoy the convenience of a large covered porch and a generous 30x24 two-car garage that offers plenty of storage or workshop space. The home also includes a basement, providing additional room for storage or future finishing. While the property needs some TLC, it offers great possibilities for those looking to add their personal touch. Priced to sell—don’t miss this opportunity!
Source: SparkMLS
About this home
Located in Orion Township in Lake Orion, this property offers 3-bedroom, 2-bath, 1,382 sq ft, with original construction dating to 1950.
Final sale price: $215,000 (about $156/sq ft).
Annual property taxes run approximately $3,475 ($290/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers. Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,382 sqft
Lot Size0.5 acres
Year Built1950
Stories1
Location
CityLake Orion
MunicipalityOrion Charter Twp
Zip Code48362
CountyOakland
School DistrictLake Orion
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
Garage2 spaces
HeatingForced Air
WaterWell
SewerPublic
Sale & Financing
Listed10/23/2025
Sold Date1/8/2026
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Tax Information
Annual Tax$4,388
State Equalized Value$119,560
Taxable Value$115,960
Parcel #0910476026
Source: Public Records
Legal Description
T4N, R10E, SEC 10 LAKE ORION HEIGHTS NO 1 PART OF LOTS 195, 196 & 197 ALL DESC AS BEG AT PT DIST N 00-37-00 E 95 FT FROM SW COR OF LOT 195, TH N 00-37-00 E 120 FT, TH N 89-57-00 E 180 FT, TH S 00-37-00 W 120 FT, TH S 89-57-00 W 180 FT TO BEG 4/30/84 FR 010
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James Gillen
Liberty Way Realty
Frequently Asked Questions about 985 Fairledge Street, Lake Orion, MI 48362
What school district is 985 Fairledge Street, Lake Orion, MI 48362 in?
Per MLS# 20251047346, this property is served by Lake Orion. 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# 20251047346, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA. 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# 20251047346, the most recent reported annual property tax for 985 Fairledge Street, Lake Orion, MI 48362 is $4,388. 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 985 Fairledge Street, Lake Orion, MI 48362 eligible for USDA financing?
Per USDA Rural Development boundary data, 985 Fairledge Street, 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, 985 Fairledge Street, Lake Orion, MI 48362 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.
Is fiber internet available at 985 Fairledge Street, Lake Orion, MI 48362?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Well. 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.
Map
Tax Estimate
$
Annual tax$3,475
Monthly$290
Millage rate29.0657 mills
Municipality: CHARTER TOWNSHIP OF ORION
School district: PONTIAC CITY SCHOOL DISTRICT
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$1,704
Principal & interest$1,414
Property taxes$290
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
985 Fairledge Street, Lake Orion, MI 48362
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Municipality
Orion Township
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County
Oakland County
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