$320,000
SOLD JUN 1, 2015

3551 W Otsego Lake Dr Gaylord, MI 49735

2 Beds
1 Bath
851 Sq Ft
2.4 Acres

Recently Sold

$376 Per Sq Ft

394 Days on Market

Highlights

  • Waterfront
  • Deck
  • Main Floor Bedroom
  • Maid or Guest Quarters
  • Wood Flooring
  • 2 Car Detached Garage

About This Home

As of June 2015

2.4 Acres of Nostalgia on the Shores of Otsego Lake. Main cabin/home offers wood floors, knotty pine interior, natural stone fireplace, and natural gas heat. 3 guest cabins (1 renovated), pump house, and garage all in a park like setting with beautiful mature trees and 150 feet of frontage on Otsego Lake. Make this your family retreat or an income producing resort.

Last Agent to Sell the Property

Peter Whyte

Forman Real Estate License #6506036642 Listed on: 04/21/2014

Last Buyer's Agent

Peter Whyte

Forman Real Estate License #6506036642 Listed on: 04/21/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,566

Year Built

  • Built in 1940

Lot Details

  • Waterfront
  • Property is zoned RR

Parking

  • 2 Car Detached Garage

Home Design

  • Cabin
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 851 Sq Ft Home
  • Self Contained Fireplace Unit Or Insert
  • Living Room
  • Dining Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Maid or Guest Quarters
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System

Additional Features

  • Deck
  • Outside City Limits

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,566

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 851.00
  • Home Age: 31+ Years Approx
  • Directions: Old 27 South to West Otsego Lake Dr. South to Property on Left just past Log Cabin Lane. Property has sign: Thunder Bird
  • Garage Yn: Yes
  • Lot Size: 2.4 acres
  • Open House Office I D: 20060412172534303837000000
  • Prop. Type: Residential
  • Bedroom 1 Level: 1st
  • Bedroom 2 Level: 1st
  • Dining Room Level: 1st
  • Kitchen Level: 1st
  • Living Room Level: 1st
  • OFFICELIST_STATE: MI
  • Building Style: Cabin
  • Total Bedrooms: 2
  • Water Size: 5'' x 60'
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • AppliancesAndEquipmt: Ceiling Fan, Microwave, Range/Oven, Refrigerator
  • Barrier Free: No
  • Type Of Business: Business Opportunity
  • Foreclosure: No
  • In City Limits: No
  • Interior Amenities: Doorwall, Fireplace W / Insert, Hardwood Floors, Tile Floor
  • Laundry: None
  • Other Rooms: Guest Quarters/Apt
  • Total Bathrooms: 1.00
  • Basement Type: Residential Water

Exterior Features

  • Exterior Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Deck, Guest Quarters/Apt, Natural
  • Foundation: Crawl
  • Road: Maintained, Paved
  • Waterfront: Yes

Garage/Parking

  • Garage Stall: 2
  • Garage Type: Detached/UN

Utilities

  • Heating Air: Forced Air, Natural Gas
  • Sewer: Septic
  • Hot Water: Well

Schools

  • School District: Gaylord
  • School District: Gaylord
  • Elem School Dist Number: 3551

Lot Info

  • Zoning: RR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2021
Sold by
Dehne William B Trust
Bought by
Borton Kenneth C and Borton Brenda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Outstanding Balance
$231,968
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$760,438

Purchase Details

Closed on
Sep 26, 2008
Sold by
Dehne William B and Dehne Mary P
Bought by
Dehne William B and William B Dehne Living Trust

Purchase Details

Closed on
Jan 14, 1997
Sold by
Dehne William B
Bought by
Dehne, William B Trust
Source: Public Records

Range of Values:

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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

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

Property History

Date Event Price Change Sq Ft Price
08/14/2024 08/14/24 For Sale $1,200,000 0.0% $379 / Sq Ft
08/14/2024 08/14/24 For Sale $1,200,000 +275.0% --
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®

Tax History Compared to Growth

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 $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

Agents Affiliated with this Home

  • Ryan Wojan

    Seller's Agent in 2024

    Ryan Wojan

    smith realty GROUP

    (989) 732-2477

    63 in this area

    366 Total Sales

    Ryan Wojan
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Michael Rosen

    smith realty GROUP

    (989) 370-6785

    33 in this area

    224 Total Sales

    Michael Rosen
    Section Image

  • P

    Seller's Agent in 2015

    Peter Whyte

    Forman Real Estate

    (989) 350-1553

    2 in this area

    18 Total Sales

    Peter Whyte
    Section Image
See All Agents

Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 289923

Water Wonderland Board of REALTORS®

APN: 010-020-400-100-00

Michigan Otsego County Gaylord 49735

3551 W Otsego Lake Dr, Gaylord, MI

This home is located at 3551 W Otsego Lake Dr, Gaylord, MI 49735 and is currently priced at $320,000, approximately $376 per square foot. This property was built in 1940. 3551 W Otsego Lake Dr is a home located in Otsego County with nearby schools including North Ohio Elementary School, Gaylord Intermediate School, and Gaylord Middle School.

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