Enjoy beach & boat launch access to Wolverine Lake with this 3 bedroom home with almost 1700 finished square feet! Convenient ranch-style layout features a living room that is open to the eat-in kitchen and dining area, which offers back yard access. The basement family room offers even more living space and features a fireplace for chilly winter evenings. A deck overlooks the large, tree-lined backyard, perfect for outdoor meals, and a backyard smoker/barbecue area offers a place to entertain friends. Many updates include: roof with 50 year transferable warranty, AC, furnace, and whole house water filtration system all updated in 2021. See additional documents for a complete list of updates and amenities. Call for a private tour today!
Sold for $265,000
$265,000
505 Penny Lake Rd, Wolverine Lake, MI 48390
3beds
1,688sqft
Single Family Residence
Built in 1967
0.3 Acres Lot
$279,200 Zestimate®
$157/sqft
$2,056 Estimated rent
Home value
$279,200
$265,000 - $293,000
$2,056/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 16, 2025 at 12:30pm
Listed by:
David K Nemer 810-955-4045,
Wentworth Real Estate Group
Bought with:
Steven Geer, 6501445123
Coldwell Banker Town & Country
Source: Realcomp II,MLS#: 20240022118
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Entry
- Area: 110
- Dimensions: 10 x 11
Bedroom
- Level: Entry
- Area: 90
- Dimensions: 10 x 9
Bedroom
- Level: Entry
- Area: 100
- Dimensions: 10 x 10
Other
- Level: Entry
- Area: 50
- Dimensions: 10 x 5
Dining room
- Level: Entry
- Area: 80
- Dimensions: 10 x 8
Family room
- Level: Basement
- Area: 385
- Dimensions: 11 x 35
Kitchen
- Level: Entry
- Area: 90
- Dimensions: 10 x 9
Living room
- Level: Entry
- Area: 182
- Dimensions: 13 x 14
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total interior livable area: 1,688 sqft
- Finished area above ground: 888
- Finished area below ground: 800
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage, Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: GroundLevel
- Pool features: None
Lot
- Size: 0.30 Acres
- Dimensions: 100 x 125 x 133 x 110
Details
- Parcel number: 1727407009
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Brick
- Foundation: Basement, Poured
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Sewer: Septic Tank
- Water: Community, Well
Community & neighborhood
Location
- Region: Wolverine Lake
- Subdivision: PENNY LAKE ESTATES NO 2
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $70 annually
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Va Loan
Price history
| Date | Event | Price |
|---|---|---|
| 5/17/2024 | Sold | $265,000-5.4%$157/sqft |
Source:  Realcomp II #20240022118 Report a problem | ||
| 4/16/2024 | Pending sale | $280,000$166/sqft |
Source: Realcomp II #20240022118 Report a problem | ||
| 4/11/2024 | Listed for sale | $280,000+60.9%$166/sqft |
Source: Realcomp II #20240022118 Report a problem | ||
| 11/20/2003 | Sold | $174,000$103/sqft |
Source: Public Record Report a problem | ||
| 7/9/2003 | Sold | $174,000+33.9%$103/sqft |
Source:  MiRealSource #612486 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,566 +5.1% | $101,320 +8.2% |
| 2023 | $1,490 +1.7% | $93,630 +7.2% |
| 2022 | $1,465 +1.6% | $87,340 +8.7% |
Find assessor info on the county website
Neighborhood: 48390
Nearby schools
GreatSchools rating
- 8/10Loon Lake Elementary SchoolGrades: K-5Distance: 1.4 mi
- 7/10Walled Lake Central High SchoolGrades: 8-12Distance: 1.8 mi
- 7/10Sarah G. Banks Middle SchoolGrades: 6-8Distance: 2.8 mi
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Estimated market value
$279,200