45901 MICHIGAN ROAD, ALTOONA, FL, 32702
Active12 days on marketListed Aug 20, 2026MLS #G5116735
About this home
45901 MICHIGAN ROAD
Investor Special in Altoona – Renovation Opportunity Bring your vision to 45901 Michigan Rd, Altoona, FL 32702. This property is ready for its next chapter and offers an excellent opportunity for an investor, contractor, or experienced buyer looking for a renovation project. The home features a spacious interior layout with multiple bedrooms, two bathrooms, a large living area, kitchen and dining space, and a primary suite with a private bath. The existing floor plan provides a solid starting point for a complete renovation and modernization. Situated beneath mature shade trees in a quiet Altoona setting, the property has the potential to be transformed into an attractive primary residence, rental property, or resale project. The home will require substantial renovation and is being offered as-is, with the asking price reflecting its current condition. Cash or renovation financing may be most appropriate. Buyers and investors are encouraged to perform their own inspections and due diligence regarding property condition, renovation costs, and potential value. Opportunity awaits, bring your contractor and see the possibilities.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,248
Sqft
0.18 ac
Lot size
1999
Year built
One
Levels
$96
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,055 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,055/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Altoona
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Altoona. See the full Altoona guide →
ALTOONA 32702 — neighborhood snapshot
Population
2,732
Median age
56.6
Median income
$51,762
Median home value
$92,700
Avg household
2.17
Households w/ children
211
For the school run
Lake County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Altoona market
$179K → $225K
Altoona median sold, yr/yr
89.4%
Sale-to-list ratio (12 mo)
Median sold price, Altoona, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 33% below the ALTOONA 32702 median. See the full Altoona market guide →
Paper trail
This home's history
Reality check
What actually sold near 45901 MICHIGAN ROAD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$50,000
45819 ILLINOIS ROAD · same community
3 bd · 2 ba · 1,212 sqft · $41/sqft · 136 DOM
Sold · May ’26$138,500
45832 MICHIGAN ROAD · same community
2 bd · 2 ba · 960 sqft · $144/sqft · 0 DOM
Sold · Sep ’25$45,000
20350 CANVAS BACK ROAD
3 bd · 1 ba · 840 sqft · $54/sqft · 255 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Moe Thouk Oo
Licensed Realtor® · CENTURY 21 Edge
Tours, negotiation, and every question about 45901 MICHIGAN ROAD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 45901 MICHIGAN ROAD — before you fall in love.
See it in person
Schedule a tour
Live availability from Moe's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
45901 MICHIGAN ROAD FAQs
What would the monthly payment be for 45901 MICHIGAN ROAD?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,055/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 45901 MICHIGAN ROAD?+
The most recent tax bill on record (2025) was $1,629. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 45901 MICHIGAN ROAD?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Altoona?+
At $119,900, this home is listed about 79% below the Altoona median of $565,000. The market section on this page shows how the area is trending.
Which schools are assigned to 45901 MICHIGAN ROAD?+
Spring Creek Charter School (elementary), Umatilla Middle School (middle), Umatilla High School (high) — Lake County School District. Always verify school assignments with the district before relying on them.
Listing courtesy of RLW REALTY · Logan Wilson. MLS #G5116735.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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