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$245,000

Beds
3
Baths
1.0
sq ft
1,423

6505 N Lake Rd, Otter Lake, MI 48464

6505 N Lake Rd

Marathon Twp, MI 48464

  • 18 days on market
Less than 2 miles from three lakes (Hemingway, Otter, and North) not to mention the "up north" feeling just off from M-15, this is the one for you. This 1,400 sq ft ranch has countless updates on a half-acre corner lot, with a fully fenced backyard for worry-free enjoyment. The 19x38' insulated garage has electricity and is ready for you it make it your workshop. The craftsman front door welcomes you into the living/dining room with neutral paint, LVP flooring, and crown molding that flows into the kitchen with a slider to the covered backyard deck for grilling and lounging in any weather! Faux quartz counters compliment the neutral shaker cabinets, open shelving, and stainless appliances. The LVP flooring continues into three spacious bedrooms, while the updated bathroom has tile floors and shower. Family room is spacious enough to accommodate everyone, with a second patio door leading out to the deck. Updates in the last 3 years include- roof and sheeting by Martin Builders (Nov. '24), Rheem water heater, well, and windows. Laundry room has Whirlpool washer and dryer along with an energy-efficient furnace. Your piece of paradise!

Details

Property type

Single Family Residence

Est. home value

$195,858

Lot size

0.45 acres

Price per sq ft

$173

Year built

1978

Annual property taxes

$2,047

Price History

02/24/2025
Realcomp

Realcomp #20250012146

Listed
$245,000
+16.67%
09/08/2023
Realcomp

Realcomp #20230030842

Sold
$210,000
+47.89%
02/20/2019
Realcomp

Realcomp #219004104

Sold
$142,000
+115.15%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lakeville

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$24,994
Asking price
$245,000
Closing costs (~8% of asking)
-$19,600
Est. remaining loan balance
-$200,406
Cash to seller
$24,994

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Das Acquisition

Loan start date

September 2023

Original loan amount

$203,700

Est. remaining balance

$200,406

Interest rate

6.78%

Loan type

New Conventional, 30 year

Seller

Hallie Elizabeth Maurer

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/15/2025 at 12:15 PM

Listing updated: 03/13/2025 at 10:49 PM

Listed by: Rachel M Opperman Clark, Knockout Real Estate Phone #: (989) 652-6300

MLS: Realcomp #20250012146

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