3551 W Otsego Lake Dr Gaylord, MI 49735
Estimated payment $6,937/month
Highlights
- Waterfront
- Deck
- Wood Flooring
- 2.4 Acre Lot
- Vaulted Ceiling
- Main Floor Bedroom
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,566
Lot Details
- 2.4 Acre Lot
- Waterfront
- Sprinkler System
- Property is zoned RR
Parking
- 2 Car Detached Garage
Home Design
- Cabin
- Frame Construction
- Vinyl Siding
- Vinyl Construction Material
Interior Spaces
- 3,169 Sq Ft Home
- Vaulted Ceiling
- Living Room
- Dining Room
- Crawl Space
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 7 Bedrooms
- Main Floor Bedroom
- 4 Full Bathrooms
Outdoor Features
- Deck
- Shed
Schools
- Gaylord Elementary School
- Gaylord High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Well
- Septic Tank
- 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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $320,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
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: Water Wonderland Board of REALTORS®
MLS Number: 201831189
APN: 010-020-400-100-00
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