$995,000

3551 W Otsego Lake Dr Gaylord, MI 49735

Estimated payment $5,718/month

Total Views 1,160
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Waterfront
  • Wood Burning Stove
  • Wood Flooring
  • Deck
  • Vaulted Ceiling
  • Lawn

About This Home

Possibilities abound for this unique, multifamily property on Otsego Lake. 4 cottages with excellent short- and long-term rental history, 150' of beautiful, sandy Otsego Lake frontage and 2.4 acres of prime property. Only a handful of lots this size still exist on Otsego Lake. Two cottages were built in 2015, Two renovated. Shared 20x20 garage for storage, private water system, newer pump-back septic system upgraded in 2015. The lot size gives you the option of adding additional cottages or a larger residence. There is also room for a large outbuilding, which could be divided for separate storage. Great return on investment as-is, or expand for even higher potential.

Listing Agent

Ryan Wojan

smith realty GROUP License #6506047353 Listed on: 08/15/2025

Co-Listing Agent

Michael Rosen

smith realty GROUP License #6501434574

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,566

Lot Details

  • Lot Dimensions are 150x674x150x684
  • Waterfront
  • Landscaped with Trees
  • Lawn

Parking

  • 2 Car Detached Garage

Home Design

  • Cottage
  • Frame Construction
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Vinyl Clad Windows
  • Crawl Space

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Outdoor Features

  • Deck

Schools

  • Gaylord Elementary School
  • Gaylord High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Shared Well
  • Well
  • Gas Water Heater
  • Shared Septic
  • Septic System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • T30n R3w Subdivision

Listing and Financial Details

  • Assessor Parcel Number 010-020-400-100-00
  • Tax Block Sec 20

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,566

Lot Details

0

Listing Details

  • Directions: From Gaylord, S Otsego Ave, RIGHT on N Otsego Lake Rd, continue on W Otsego Lake Rd. Property on Left.
  • Garage Yn: Yes
  • Lot Size: 150x674x150x684
  • Prop. Type: MultiFamily
  • PropertySubType: Quadruplex
  • ResoLaundryFeatures: None
  • Water Body Name: Otsego Lake
  • NAV29_Unit_1_Appliances: Refrigerator, Microwave, Electric Range, Dishwasher
  • Co List Office Phone: 989-732-2477
  • MLS Status: Active
  • Subdivision Name: T30N R3W
  • Architectural Style: Cottage
  • ResoBuildingAreaSource: Agent Measure
  • Contract Information:Short Sale: No
  • General Property Information Lot Size Dimensions: 150x674x150x684
  • Location Tax and Legal Zoning2: RR
  • Sewer:Shared Septic: Yes
  • GroundsLandscaping Lawn: Yes
  • Appliances Refrigerators: Yes
  • Fuel Natural Gas2: Yes
  • Appliances GasRangeOven: Yes
  • Equipment:Water Heater - Gas: Yes
  • Water:Shared Well: Yes
  • Landscaping Trees: Yes
  • Appliances Microwave: Yes
  • Cooling Central Air3: Yes
  • Windows:Vinyl: Yes
  • Exterior Aluminum2: Yes
  • Style:Cottage: Yes
  • Cooling Window AC: Yes
  • Fireplace Wood Stove: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable, Ceiling Fans, Doorwall, Hardwood Floors, Vaulted Ceilings, Vinyl Floors
  • Basement:Crawl Space: Yes
  • Interior Cable2: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Hardwood Floors2: Yes
  • Interior Vinyl Floors: Yes
  • Features-Interior:Ceiling Fan(s): Yes
  • Features-Interior:Vaulted Ceiling(s): Yes

Exterior Features

  • Waterfront: Yes
  • Construction Type: Aluminum, Vinyl, Other
  • Construction:Frame: Yes
  • PatioDeck Open Deck: Yes
  • Exterior Vinyl3: Yes

Garage/Parking

  • Property Information:Garage Stall2: 2
  • Property Information:Garage Type2: Detached/UN

Utilities

  • Cooling System: Window A/C, Central Air
  • Sewer: Septic Tank, Shared Septic
  • Cooling Y N: Yes
  • Heating: Wood, Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Well: Yes
  • Sewer Septic: Yes
  • Heating:Natural Gas3: Yes
  • Heating:Forced Air2: Yes
  • Heating:Wood5: Yes

Association/Amenities

  • TaxesAndPossessionAssociationDues: No

Condo/Co-op/Association

  • HOA Rent Includes: Water, Electricity

Schools

  • Schools Elementary School: Gaylord
  • Schools High School: Gaylord
  • Elementary School: Gaylord
  • Junior High Dist: Gaylord
  • High School: Gaylord

Lot Info

  • Zoning: RR
  • Parcel Number: 010-020-400-100-00

Tax Info

  • Tax Block: Sec 20
  • Tax Book Number: 010-020-400-100-00

Map

Range of Values:

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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
2025 $3,566 $367,300 $0 $0
2024 $3,566 $343,400 $0 $0
2023 $6,061 $345,400 $0 $0
2022 $5,772 $289,500 $0 $0
2021 $2,994 $263,700 $0 $0
2020 $6,014 $219,600 $0 $0
2019 $5,952 $164,700 $0 $0
2018 -- $161,100 $161,100 $0
2017 -- $159,600 $0 $0
2016 -- $139,100 $0 $0
2013 -- $179,700 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 For Sale $995,000 0.0% $314 / Sq Ft
08/15/2025 08/15/25 For Sale $995,000 +210.9% --
06/01/2015 06/01/15 Sold $320,000 -- $376 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
Source: Water Wonderland Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $320,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $254,000 New Conventional
Previous Owner $82,827 No Value Available
Previous Owner $44,700 No Value Available
Source: Public Records

Source: Water Wonderland Board of REALTORS®

MLS Number: 201836501

Water Wonderland Board of REALTORS®

APN: 010-020-400-100-00