514 Lake St
Addison, MI 49220
3 bd 1 ba 1,312 sqft Built 1900 Lot 41,818 sqft single_family
Most recent sale
$138,000
Jul 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 12, 2022 | Sold | $138,000 | Public Record |
| Jul 8, 2022 | Sold | $138,000 | MichRic |
| Apr 29, 2022 | Listed | $139,900 | MLS #22015246 |
| Jan 12, 2016 | Sold | $73,000 | Public Record |
| Jun 16, 2009 | Listing removed | $25,000 | Lenawee |
| Jun 4, 2009 | Listing removed | $20,000 | MichRic |
| Jun 1, 2009 | Listed | $25,000 | MLS #2011559 |
| Mar 12, 2009 | Listed | $25,000 | MLS #2909544 |
| Aug 27, 2007 | Sold | $46,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $88,600 | $1,416 |
| 2023 | — | — | $68,800 | $1,462 |
| 2022 | — | — | $49,800 | $780 |
| 2021 | — | — | $41,400 | $785 |
| 2020 | — | — | $37,900 | $1,258 |
| 2019 | — | — | $38,500 | $769 |
| 2018 | — | — | $40,900 | $1,210 |
| 2017 | — | — | $34,400 | $1,179 |
| 2016 | — | — | $30,700 | $1,052 |
| 2015 | — | — | $30,700 | $1,606 |
| 2014 | — | — | $30,700 | $1,918 |
| 2013 | — | — | $30,700 | $1,279 |
| 2012 | — | — | $31,800 | $2,458 |
| 2011 | — | — | $33,600 | $2,518 |
| 2010 | — | — | $33,700 | $1,093 |
| 2009 | — | — | $50,000 | $2,369 |
| 2008 | — | — | $50,700 | $1,053 |
| 2007 | — | — | $50,700 | $1,094 |
Property facts
Year built
1900
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,312 sqft
Lot size
41,818 sqft
ZIP code
49220
City
Addison
Street
Lake St
Coordinates
41.98199, -84.34481
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$828
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 514 Lake St last sell?
514 Lake St most recently sold on Jul 12, 2022 for $138,000.
What is the current tax assessment for 514 Lake St?
The most recent total assessment for 514 Lake St (year 2025) is $88,600 with $1,416 in property tax.
How does 514 Lake St's assessment compare to its last sale price?
The current assessment is 35.8% below the last sale price of $138,000.
When was 514 Lake St built?
514 Lake St was built in 1900.
How does 514 Lake St compare to others on Lake St?
We track 8 other properties on Lake St. Browse the list under "Other properties on Lake St" to compare beds, baths, and sale history.
What are the property facts for 514 Lake St?
514 Lake St is a 3 bed, 1 bath, 1,312 sqft, 41,818 sqft lot single_family.
Is 514 Lake St a flip candidate?
No — 514 Lake St does not appear in our flips dataset.
Is 514 Lake St a tax-appeal candidate?
No — 514 Lake St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.6%
Implied 1-yr
-6.4%
2026 Q3
$374.9K
2026 Q4
$374.9K
ZIP 49220 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake St