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Lake Orion Michigan Lakefront Real Estate Sales

lake orionLake Orion is a 470 acre all sports lake that is in both the Village of Lake Orion and the Township of Orion Michigan. Lake Orion is a public lake with a public access off Indianwood Rd, just west of M-24.

The housing on Lake Orion is a mixture of cottages, cottages that have been re-built into larger, year ’round houses, and newer homes. Like the rest of Lake Orion, the housing market on Lake Orion has been hit with its share of foreclosures and short sales and a general drop in housing prices overall.

In 2003 the lowest priced sale on Lake Orion was $225,000 (per the MLS). In 2009 prices ranged from $80,000 – $848,318. And so far in 2010 sale prices have ranged from $100,000 – $370,000.

In 2009 there were 18 lakefronts sold on Lake Orion- 8 bank owned. So far in 2010 there have been 18 lake orion amusement park early 20th centurylakefronts sold (and closed per Realcomp II MLS) and 8 were bank owned. No short sale closings were reported for either year.

So far this year there have been no sales under $100,000; in 2009 there were 3 sales under $100,000.

On Nov. 2, 2010 there were 13 sales pending on Lake Orion with asking prices ranging from $71,900 – $499,000- 8 of them short sale listings and 3 bank owned listings.

1912 belleview hotel on lake orionThere were also 19 active listings with asking prices ranging from $127,900 – $598,000- no bank owned listings and only 2 short sale listings.

Lake Orion has a pretty interesting history with its start beginning in 1829, when a sawmill was built across the beginning of Paint Creek, which eventually transformed six small lakes into what we know today as Lake Orion.

In 1872 the railroad came to Lake Orion, making it easier for people to enjoy the beauty of Lake Orion. In 1874 a group of investors purchased what is now present day Park Island, and during the 1870′s a dance hall was constructed on Park Island as well as a 100 foot long reception hall that was topped with an eighty foot high observation tower. At that time there were 4 daily train trips through Lake Orion bringing thousands of people.

The 1880′s saw a second rail system moving north from Pontiac to Port Austin through Lake Orion.

The 1890′s saw the purchase of Spencer’s Island (present day Bellevue Island), the construction of the summer house on lake orion pre 1913Bellevue Hotel, and an auditorium that seated 2250 people.

The first Marine Postal Center was established in 1905, delivering mail to over three hundred cottages on the lake and islands. In 1911 Park Island changed ownership and was revamped as a light amusement center with a dance hall and some rides including a roller coaster.

Lake Orion’s days as a resort town came to an end with the onset of the Great Depression. The automobile allowed people to travel further north and Lake Orion’s summer population dropped steadily.

The 40′s saw the real beginning of the area building more permanent residences. When the U.S. entered World War II many factories in Pontiac became munitions plant employing many Orion residents. St. Joseph Catholic Church was completed in 1940. Bald Mountain State Recreation Area began operation in 1947. Anderson Chevrolet-Buick-Pontiac dealership opened in 1948.

In the late 1980′s or 1990 there was a Bassmaster Tournament on Lake Orion. 2010 saw the first annual Dragon Boat Race. It’s rumored that the Purple Gang had a cottage back during their heyday during prohibition.

Thinking about moving to the lake? Or buying a lakefront cottage? Please don’t hesitate to contact me for your lakefront purchase.

cell: 248-736-6407

email: Jackie@JackieHawley.com

Orion and Oxford Lakefront Homes for Sale

Search the MLS

Buying a Short Sale in Lake Orion Michigan

Buying a Foreclosure in Lake Orion Michigan

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Maceday/Lotus Lakes- Clarkston and Waterford Michigan Lakefront Real Estate Sales

Maceday and Lotus are both all sports lakes and are connected for maceday lake waterford michigan lakefront real estatea total acreage of 419 acres. Maceday Lake is located in Waterford Michigan. The majority of Lotus Lake is located in Waterford Township, but the northern tip falls into Independence Township (more commonly known as Clarkston). There is a public access site at Williams Lake Rd. just east of Maceday Lake Rd.

Maceday and Lotus Lakes are all sports lakes- great for the water skier or jet skier in the summer and snowmobiler in the winter.

For the fisherman, Maceday Lake is a designated trout lake and was stocked last fall with 1,000 lake trout and with some of the fish being up to 18 inches long and ranging in age from 2-4 years. Maceday Lake was also stocked with 12,000 rainbow trout last year and another 12,760 rainbow trout earlier this year (April, 2010). It was stocked with 15,000 splake (brook trout/lake trout cross) in March of 2009 and 13,300 in April of this year.

Of the 12 sales showing in the MLS for 2009, 3 were bank owned and 3 were short sales. When I checked a couple weeks ago for 2010 there were 5 closed sales reported with only 1 bank owned, but 3 short sales. Sales this year were ranging from $100K-$435K. in 2005 sales ranged from $245K- $1,150,000. Also keep in mind that there were probably some sales back in 2005 that sold by owner, or were reported as $1 so wouldn’t have shown up in my searches.

For more detailed information about current and past sales please visit my web site page solely dedicated to Maceday and Lotus Lakes.

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Lake Oakland is a 235 acre all sports lake in Waterford and Independence Townships. The lake is located north of Walton Blvd and between Sashabaw and Clintonville Roads. Lake Oakland is about 65 feet at its deepest and is connected via canal to Woodhull Lake. There is a public access site at the end of Dill Rd.

Lake Oakland has always been a desirable lake to live on. In 2004 the lowest price house sold through the MLS was $282,150. In 2005 prices ranged from $250,000-$1,275,000. In 2009 prices $50,000-$655,000.

Currently there are 14 houses listed for sale ranging from $169,900-$1,895,000 with 2 houses asking less than $200,000. There are 4 houses pending with asking prices of $185,000, $200,000, $300,000 and $350,000. Also, 2 pending short sale approval asking $199,900 and $399,900.

Please don’t hesitate to contact me for additional information about homes for sale on Lake Oakland. With prices so low now is a good time to buy a cottage or upgrade to that lake house. Interest rates are still great. FHA will mortgage up to just under $300,000 and FHA 203K loan will allow for you to borrow for repairs at the same time.

Jackie Hawley
Keller Williams Realty, Clarkston
cell: (248)736-6407
web:
www.MiRelocation.com
http://SoutheastMichiganRealEstate.wordpress.com

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North Oakland and Lapeer counties have many lakes- both all sports and non-sports lakes. And the prices on lakefront homes have come down just like the rest of real estate prices in the area. Many of these houses are in a short sale situation which could easily take 3-6 months to close. So if you want to enjoy the water this summer you need to start looking now.

Prices are down, interest rates are low, and there’s a wide variety of inventory. Last year there were 10 lakefront houses in Orion and Oxford that sold for under $100,000.  A 7000 sq. ft. house on Lake Voorheis sold for $93/sq. ft. 4 houses sold on Lake Lapeer for under $300,000.  And the rivers ran backward and realtors started speaking in tongues.

There’s something for everybody (everybody with reasonable expectations). If you’re just looking for a little cottage to do some hunting and fishing there’s a house for sale now on Davison Lake for $99,900- 625 sq. ft. Across the lake from state land

There’s a house for sale on all sports Lake Orion for $139,900- a small brick ranch with a boat house.

If you want a big lake and willing to travel some canal there’s a 1000 sq. ft. canal front to Cass Lake for $85,000. 

There’s a 3500 sq. ft home on Heather Lake for only $399,900. 

A 1400 sq. ft. house on Lake Oakland for less than $200,000- in 2004 the lowest sale price on Lake Oakland was over $282,000.

There’s a pretty good inventory available right now. With throw back prices, low interest rates, and good inventory, the serious lakefront buyer needs to at least start testing the waters on what’s out there. Please don’t hesitate to contact me whether you’re just starting and want MLS searches and not other contact, or if you’re ready to buy today.

Jackie Hawley
Keller Williams Realty
cell: 248-736-6407
email:
Jackie@JackieHawley.com
web: www.MiRelocation.com

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