413 Orion Terrace
Lake Orion, MI 48362
Single Family Residence · MLS # 20261080932 · Listing courtesy of RE/MAX Classic
About this home
**A wonderful opportunity in Orion Township!** Just a short drive from downtown Lake Orion, this 1992 ranch offers an excellent floor plan and the opportunity to add your own personal touches. Within walking distance of Bunny Run Country Club, where optional membership provides access to a private beach, boat launch, docks, clubhouse, and playground on beautiful Long Lake. Located in the award-winning Lake Orion School District. The home does need some work but is ideally situated within the subdivision, just around the corner from Bunny Run Park and the lake. A great opportunity to make this home your own! Come see it for yourself! Agents the lockbox is on the back door.
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 $225,000, or $223 per square foot, 25% above the city median, and has been on the market 1 day. 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 $2,366 a year. A buyer who lives here would pay about $1,813 to $4,048 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
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. 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. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 7:39 PM.