$125,000

205 W 5th St Gaylord, MI 49735

Estimated payment $749/month

Total Views 743
3 Beds
1 Bath
750 Sq Ft
$167 Price per Sq Ft

Highlights

  • Main Floor Primary Bedroom
  • Living Room
  • Dining Room
  • Wood Frame Window
  • Shed

About This Home

Nestled in the heart of vibrant Gaylord, Michigan, this charming 3-bedroom, 1-bathroom gem at 205 W Fifth St is a golden opportunity for investors with a vision for transformation!Located just steps from downtown Gaylord’s bustling shops, restaurants, and seasonal festivals, this property combines small-town charm with unbeatable convenience, making it a dream project for those ready to unlock its hidden value.Step inside to discover a spacious layout with endless possibilities. The three bedrooms offer flexibility—perfect for family living, home offices, or guest suites. The single bathroom, while functional, is ripe for a stylish upgrade to add luxury and appeal. Hardwood floors, waiting to be refinished, and solid bones throughout ensure this home is a sound investment with room to grow in value.The exterior boasts a sizable lot, ideal for creating an outdoor oasis, whether it’s a cozy patio, lush garden, or entertainment space to enjoy Gaylord’s crisp alpine air. A detached garage provides additional storage or workshop potential, a rare find at this price point. With its prime location near US-131 and M-32, commuters and locals alike will love the easy access to Northern Michigan’s year-round attractions, from skiing at nearby resorts to summer adventures on Otsego Lake.This fixer-upper is priced to sell and ready for your creative touch. Transform this diamond in the rough into a showpiece that will captivate buyers or renters in Gaylord’s hot market.

Listing Agent

Connor Kroswek

Real Broker LLC Listed on: 08/12/2025

Real Broker LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $814

Year Built

  • Built in 1970

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 750 Sq Ft Home
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Michigan Basement
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • Shed

Utilities

  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 103-310-003-003-01

Home Details

Home Type

Single Family

Est. Annual Taxes

$814

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1970
  • Lvt Date: 08/12/2025
  • Section: 4
  • Second Address Number: 205
  • Directions: From US-131 in Gaylord, take M-32 E (Main St) for 0.5 miles. Turn right onto S Otsego Ave, then left onto W Fifth St. 205 W Fifth St is on your right. (Approx. 2 min, 0.7 miles)
  • Price per Sq Ft: 166.67
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1970

Interior Features

  • Features: Cable, Range, Refrigerator
  • Total Finished Sq Ft: 750
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: N/A
  • Total Rooms: 7
  • Basement: Michigan
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 750
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 3
  • Full Bathrooms: 1
  • Rooms 1: On Level: Main
  • Rooms 2: On Level: N/A
  • Windows: Aluminum, Wood Sash

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Electric

Schools

  • School District: Gaylord
  • School District: Gaylord

Lot Info

  • Zoning: Residental

Tax Info

  • Assessor Parcel Number: 103-310-003-003-01

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $814 $45,300 $0 $0
2023 $982 $34,900 $0 $0
2022 $967 $29,400 $0 $0
2021 $990 $27,800 $0 $0
2020 $1,006 $26,300 $0 $0
2019 $225 $24,100 $0 $0
2018 -- $24,100 $24,100 $0
2017 -- $22,700 $0 $0
2016 -- $22,000 $0 $0
2013 -- $19,700 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 For Sale $125,000 -- $167 / Sq Ft
Source: Northern Michigan MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $54,300 No Value Available
Source: Public Records

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See All Homes in Gaylord

Source: Northern Michigan MLS

MLS Number: 477465

Northern Michigan MLS

APN: 103-310-003-003-01

Michigan Otsego County Gaylord 49735

205 W 5th St, Gaylord, MI

This home is located at 205 W 5th St, Gaylord, MI 49735 and is currently priced at $125,000, approximately $166 per square foot. This property was built in 1970. 205 W 5th St is a home located in Otsego County with nearby schools including South Maple Elementary School, Gaylord Intermediate School, and Gaylord Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Connor Kroswek
Section Image
Real Broker LLC
(989) 359-8540