NOT LISTED FOR SALE

7450 Five Lakes Dr Farwell, MI 48622

Estimated Value: $265,000 - $359,000

2 Beds
1.5 Baths
1,540 Sq Ft
$197/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $162,900 $106 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,902/month

191 Days on Market

Highlights

  • Private Waterfront
  • Lake Privileges
  • Ranch Style House
  • Deeded Waterfront Access Rights
  • Tiered Deck
  • Cathedral Ceiling

About This Home

As of July 2020

Well maintained Five Lakes waterfront home full of possibilities! This property offers many nice features, such as a large great room with wood burning fireplace, vaulted ceilings, large master bath suite with walk in closets, another large bedroom with a view of the lake, a nice large dining/family room for additional entertaining and a convenient mudroom-main floor laundry area. Situated at the end of a quiet cul de sac, the location provides a quiet and serene setting. If that sounds appealing, then this home is definitely worth taking a look at. Relax 24-7 under your covered porch as you look out over a beautiful view of the water, and watch the loons that nest at this end of the lake. Nestled among pines trees, the lake side of the home is gently terraced with attractive landscaping to the water's edge. Catch fish from your dock, jet ski, or take the family on a boat ride! A new metal roof and boiler for the hot water heating system are new in 2019. There's a large 2+ car detached garage with workshop. Fruit trees, grapevines and small fenced in area add up to the many pluses this home has to offer. The HOA offers a beach area just across the lake; there's also a DNR boat launch on Five Lakes. The home is on a county maintain paved road, and the area has Natural Gas and high speed internet/cable.

Last Agent to Sell the Property

Lori Gamble

CENTURY 21 SIGNATURE REALTY - CLARE License #6501365986 Listed on: 01/10/2020

CENTURY 21 SIGNATURE REALTY - CLARE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,602

Year Built

  • Built in 1974

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 64x215x80x150
  • Private Waterfront
  • 80 Feet of Waterfront
  • Cul-De-Sac
  • Landscaped
  • Sloped Lot
  • Garden
  • The community has rules related to zoning restrictions

HOA Fees

  • $10 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Fire Rated Drywall
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,540 Sq Ft Home
  • Paneling
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Workshop
  • Crawl Space

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Waterfront Park
  • Lake Privileges
  • Tiered Deck
  • Shed
  • Rain Gutters

Utilities

  • Zoned Heating and Cooling
  • Well
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Five Lakes Sub No 3 Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,602

Year Built

Built in 1974

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1974
  • Construction: Frame
  • Principal Residence: Yes
  • Private Shared: Private
  • Section Number: 8
  • Univs Design Barrier Free: Ramped Entrance
  • Year Updated: 2018
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1974

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Blinds, Drapes, Curtain Rods, Ceiling Fan, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Cathedral Ceilings, Foyer Entrance, Walk-In Closet(s), Mud Room, Formal Dining Room, Great Room, Workshop, Drywall, Paneling
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 17x14, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 17x10, On Level: Main Floor, Flooring: Laminate
  • Total Bathrooms: 1.5
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Family Room: Dimensions: 17x14, Flooring: Wood
  • Kitchen: Dimensions: 13x13
  • Living Room: Dimensions: 22x17, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 1540
  • Price Per Sq Ft: 105.78
  • Range: R 4W
  • Total Finished Sf Apx: 1540

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Five Lakes
  • Exterior Features: Multi-Level Decking, Sidewalk, Handicap Access, Landscaped, Garden Area, Gutters
  • Exterior Finish: Aluminum
  • Foundation: Crawl Space
  • Number Of Acres: 0.34
  • Road: Cul-de-Sac, Public Maintained, Blacktop
  • Roof: Metal
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Public Lake
  • Waterfront Frontage: 80

Garage/Parking

  • Driveway: Blacktop, Gravel, Private
  • Garage Capacity: 3
  • Primary Garage: Detached, Door Opener, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Hot Water, Zoned/Dual
  • Laundry: Dimensions: 10x6, On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Condo/Co-op/Association

  • Annual Association Fees: 125
  • Association Fees: Annual

Association/Amenities

  • Development Amenities: Lake Privileges, Water Front Park
  • Development Name: Five Lakes Sub No 3

Schools

  • School District: Farwell Area Schools

Lot Info

  • Lot Number: 293
  • Deeded Waterfront: Yes
  • Land Features: Evergreens, Sloping
  • Lot Dimensions: 64x215x80x150
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Deed Restrictions, Building-Use Restrictions

Tax Info

  • Summer Taxes: 701
  • Total Taxes: 1602
  • Winter Taxes: 901
  • Year Summer: 2018
  • Year Winter: 2018

MLS Schools

  • School District: Farwell Area Schools

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2020 07/29/20 Sold $162,900 -4.1% $106 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $169,900 +4.3% $110 / Sq Ft
07/11/2020 07/11/20 Off Market $162,900 -- --
01/10/2020 01/10/20 For Sale $169,900 -- $110 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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
2025 $2,875 $126,028 $35,530 $90,498
2024 $1,160 $116,102 $34,200 $81,902
2023 $1,056 $114,303 $33,972 $80,331
2022 $2,611 $98,799 $36,328 $62,471
2021 $2,668 $101,000 $0 $0
2020 $1,849 $95,600 $0 $0
2019 $1,652 $94,500 $0 $0
2018 $1,602 $82,800 $0 $0
2017 $687 $81,400 $0 $0
2016 $681 $79,484 $0 $0
2015 -- $74,806 $0 $0
2014 -- $72,948 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1870872

Northern Great Lakes REALTORS® MLS

APN: 015-260-293-00