NOT LISTED FOR SALE

7551 Five Lakes Dr Farwell, MI 48622

Estimated Value: $167,554 - $209,000

3 Beds
1 Bath
1,216 Sq Ft
$161/Sq Ft Est. Value

Last Sold November 01, 2012

Last sale price $30,000 $25 Per Sq Ft

Est. 554% increase in value since last sale

Current estimated payment $1,163/month

783 Days on Market

Highlights

  • Property is near a lake
  • Wood Siding
  • Wood Burning Fireplace
  • Lake Privileges

About This Home

As of November 2012

THREE WOODED LOTS AT FIVE LAKES. OLDER CABIN/COTTAGE IN NEED OF SOME TLC. TWO BEDROOMS DOWN AND 2 ADDITIONAL BEDROOMS IN THE UPSTAIRS LOFT AREA. PROPERTY IS SECLUDED WITH NO CLOSE NEIGHBORS AN OFFERS A PEACEFUL SETTING.

Last Agent to Sell the Property

Timothy Oatman

PEYTON PROPERTIES, LLC Listed on: 09/10/2010

Co-Listed By

DAWN PEYTON

PEYTON PROPERTIES, LLC

Last Buyer's Agent

Timothy Oatman

PEYTON PROPERTIES, LLC Listed on: 09/10/2010

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • Lot Dimensions are 176x370x92x215x285
  • The community has rules related to zoning restrictions

Parking

  • Gravel Driveway

Home Design

  • Slab Foundation
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1,216 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Crawl Space
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Property is near a lake
  • Lake Privileges

Utilities

  • Well
  • Cable TV Available

Community Details

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story
  • Estimated Year Built: 1980
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1980

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 9x11, On Level: Main Floor
  • Bedroom 2: Dimensions: 9x10, On Level: Main Floor
  • Bedroom 3: Dimensions: 9x10, On Level: Upper Floor
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Dining Room: Dimensions: 8x8, On Level: Main Floor
  • Kitchen: Dimensions: 6x12, On Level: Main Floor
  • Living Room: Dimensions: 10x14, On Level: Main Floor
  • Other Room: Dimensions: 12x10, On Level: Upper Floor
  • Estimated Above Ground Finished Sq Ft: 1216
  • Price Per Sq Ft: 24.67
  • Total Finished Sf Apx: 1216

Exterior Features

  • Body Of Water: Five Lakes
  • Exterior Finish: Wood
  • Foundation: Crawl Space, Slab
  • Road: Blacktop
  • Water Features: All Sports, Public Lake

Garage/Parking

  • Driveway: Gravel, Dirt

Utilities

  • Fireplaces And Stoves: Wood
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Association/Amenities

  • Development Amenities: Lake Privileges

Schools

  • School District: Clare Public Schools

Lot Info

  • Lot Dimensions: 176x370x92x215x285
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 233.2
  • Taxable Value: 21782
  • Total Taxes: 929.89
  • Winter Taxes: 696.69
  • Year Summer: 10
  • Year Winter: 10

MLS Schools

  • School District: Clare Public 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
11/01/2012 11/01/12 Sold $30,000 -24.8% $25 / Sq Ft
11/01/2012 11/01/12 Pending -- -- --
09/10/2010 09/10/10 For Sale $39,900 -- $33 / 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 $1,122 $67,599 $1,707 $65,892
2024 $412 $60,714 $1,305 $59,409
2023 $375 $59,486 $1,302 $58,184
2022 $1,021 $48,253 $1,347 $46,906
2021 $994 $48,300 $0 $0
2020 $1,587 $44,200 $0 $0
2019 $1,481 $43,400 $0 $0
2018 $1,427 $32,400 $0 $0
2017 $339 $32,700 $0 $0
2016 $337 $34,053 $0 $0
2015 -- $34,274 $0 $0
2014 -- $32,546 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Timothy Oatman

    PEYTON PROPERTIES, LLC

    Section Image

  • D

    Seller Co-Listing Agent in 2012

    DAWN PEYTON

    PEYTON PROPERTIES, LLC

See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1767530

Northern Great Lakes REALTORS® MLS

APN: 015-260-305-00

Michigan Clare County Farwell 48622

7551 Five Lakes Dr, Farwell, MI

This home is located at 7551 Five Lakes Dr, Farwell, MI 48622 since 10 September 2010 and is currently estimated at $196,139, approximately $161 per square foot. This property was built in 1980. 7551 Five Lakes Dr is a home located in Clare County with nearby schools including Farwell High 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 Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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