4 months on rocket

400 Coats Rd, Lake Orion, MI, 48362

$2,300,000

97.50 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240047466
Lot Size97.50 Acres
StatusActive

About 400 Coats Rd

Rare, fantastic 97.5 acre parcel in Orion Township. Attention investors, developers, and sportsman - what an opportunity! North parcel consists mostly of high meadowland, with south parcel consisting of about 10% meadow and 90% hardwoods, softwoods, and some wetlands. Existing home that sits on the north parcel is currently rented, but tenants will be vacating July 31st, 2024. Excellent hunting property, multiple building sites, various development options, and so much more! Fantastic location to Lapeer Road, Baldwin & Joslyn Roads, Lake Orion, Oxford, Clarkston, and I-75. Truly a rare opportunity. Coats Road entrance at the sign has driveway to the home. Includes Tax ID 0905100010, which contains 82.42 acres more or less, making total acreage 97.5 acres, more or less. Aerial photos with boundary lines currently with documents online.

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX Eclipse Clarkston
  • Office Phone: (248) 599-3124
  • Listing Agent: Randy Miller

Lot Features

Lot Information:

  • Lot: Level, Split Possible, Wooded
  • Lot Size: 97.50 Acres

Other

Directions Information:

  • Directions: Indian Lake Road to north on Coats Road to sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000

Tax Information:

  • Annual Amount: $9,460
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lake Orion, MI.

Med. Sold Price

$383.6K

Med. Price/SqFt

$206

Avg. Days On Market

21

# of Sold Homes

37

400 Coats Rd vs Lake Orion

122 DAYS ON ROCKET

+101 Days

$2,300,000

+$1.9M More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price in Lake Orion, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240047466

Listing Office:

  • Office Name: RE/MAX Eclipse Clarkston
  • Office Phone: (248) 599-3124
  • Listing Agent: Randy Miller

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 10, 2020Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,460$188,320
2020$6,958$176,690
2018$6,889$166,180
2017$4,274$164,000

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-331768
6
/10
  • Paint Creek Elementary School

  • 2800 Indianwood Rd

  • 0.67 miles

  • Public District Grades KG-5

school-card-donut-331769
8
/10
  • Clear Lake Elementary School

  • 2085 W Drahner Rd

  • 1.24 miles

  • Public District Grades PK-5

school-card-donut-331770
8
/10
  • Webber Elementary School

  • 3191 W Clarkston Rd

  • 1.99 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $119,608. The majority of Lake Orion, MI residents have income between $100k-200k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 400 Coats Rd

What is the listing price of this property?

The listing price of 400 Coats Rd property is $2,300,000.

What type of property is this?

The property 400 Coats Rd is land located in Lake Orion, Michigan, 48362.

Is this property for sale now?

Active Listing: 400 Coats Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,460 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 10, 2020 for $250,000. (source: MLS/tax record).

How much acreage is this property?

The property 400 Coats Rd is 97.50 acres.
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Rocket HomesMichiganOakland CountyLake Orion48362400 Coats Rd

This home is located at 400 Coats Rd in Lake Orion, MI and zip code 48362. This home sits on a 97.50 acre lot. It has been listed on Rocket Homes since July 15, 2024 and is currently priced at $2,300,000.

In October 2024, from all listings sold in Lake Orion, MI there were more than 11 sold above asking price, over 22 sold below and more than 4 were sold right at the asked price. In October 2024 in Lake Orion, MI there were 7.3% more homes for sale than in September 2024. In October 2024 median list price was $383,625 and the average listing age was 21 days.

From Rocket Homes Real Estate and based on county public records data.

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