1487 Miller Road
Lake Orion, MI 48362
Single Family Residence · MLS # 81026057335 · Listing courtesy of Pellow Realty Group
About this home
INVESTOR / HOUSE HACK opportunity near Downtown Lake Orion! This unique property features three separate units, each with it's own attached two-car garage. The lower-level unit offers one bedroom and one bathroom. The middle-level unit includes two bedrooms, two full bathrooms, and walkout patios at both the front and back. The upper-level unit features an open-concept one-bedroom, one-bathroom loft style layout, with an additional living area. Enjoy excellent income potential with three separate units. Or explore the possibility of converting the property into a true single-family, with space for a home office, gym, or income generating unit. Just over 1 mile from downtown Lake Orion! BATVAI. No showings without licensed agent. Listing agent has equitable interest in the property.INVESTOR / HOUSE HACK opportunity near Downtown Lake Orion! This unique property features three separate units, each with its own attached two-car garage. The lower-level unit offers one bedroom and one bathroom. The middle-level unit includes two bedrooms, one bathroom, and walkout patios at both the front and back. The upper-level unit features an open-concept one-bedroom, one-bathroom loft style layout, with an additional living area. Enjoy excellent income potential with three separate units, or explore the possibility of converting the property into a single-family home with space for a home office, gym, or in-law suite. BATVAI. No showings without licensed agent. Listing agent has equitable interest in the property.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Lake Orion
Over the last 90 days, 117 homes sold in Lake Orion for a median of $375,000, about $178 per square foot, and the typical one went under contract in 14 days. This home is listed at $324,999, or $110 per square foot, 38% below the city median, and has been on the market 16 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Lake Orion sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $6,464 a year. A buyer who lives here would pay about $8,933 a year once the taxable value resets after the sale, at the 2025 homestead rate of 35.62 mills for Orion Twp and Lake Orion schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Lake Orion
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