$275,011
SOLD DEC 3, 2025

7940 Peninsula Dr Farwell, MI 48622

3 Beds
1 Bath
1,119 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$246 Per Sq Ft

10% Below List Price

18 Days on Market

Highlights

  • Lake Front
  • Deck
  • Cul-De-Sac
  • Sandy Beach
  • Ranch Style House
  • Eat-In Kitchen

About This Home

As of December 2025

Priced below a recent appraisal, this home offers year around living on all sports 5 lakes just outside of Clare. Home is well maintained and offers 3 bed 1 bath, newer nat gas furnace with central air, 66 ft of water frontage with sea wall, dock and steps to the sandy beach included. The covered porch offers an incredible view of the lake and a great place to enjoy your morning coffee or favorite after work refreshment. 5 Lakes is a public lake encompassing approx 144 acres and offers some great pan fishing including bass, pike, crappies and blue gills. All listing info/measurements are approx. * Google maps does not recognize the correct street name "Peninsular" If you use "Peninsula" it will show you the correct location.*

Last Agent to Sell the Property

Brent Duffett

PEYTON PROPERTIES, LLC License #CGBOR-6501299166 Listed on: 10/23/2025

Last Buyer's Agent

Ivie Baker

Baker-Kehoe Realty LLC License #CGBOR-6502368792

Home Details

Home Type

  • Single Family

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 66 x 61 x 64 x 75
  • Lake Front
  • Sandy Beach
  • Cul-De-Sac
  • Street terminates at a dead end

HOA Fees

  • $15 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,119 Sq Ft Home
  • Gas Fireplace
  • Entryway
  • Family Room with Fireplace
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Seawall
  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Water Softener is Owned
  • Septic Tank

Community Details

  • Five Lakes #2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18 015 240 215 00

Home Details

Home Type

Single Family

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Originating MLS: Clare Gladwin Board of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Total Tax Amount: 2193.91
  • Total Tax Year: 2024
  • Mail City: Farwell
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer, Water Softener - Owned
  • Fireplace: Yes
  • Fireplaces: FamRoom Fireplace, Gas Fireplace
  • Bedrooms: 3
  • Bedroom 1: On Main Floor, Dimensions: 13 x 9
  • Bedroom 2: On Main Floor, Dimensions: 12 x 9
  • Bedroom 3: On Main Floor, Dimensions: 9 x 9
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: Dimensions: 9 x 5, On Level: Main
  • Room Types: Entry, Family Room, First Floor Bedroom, First Floor Laundry, Utility/Laundry Room, First Flr Full Bathroom, Eat-In Kitchen
  • Dining Room: On Main Floor, Dimensions: 14 x 12
  • Kitchen: On Main Floor, Dimensions: 14 x 9
  • Laundry: On Main Floor, Dimensions: 9 x 5
  • Living Room: On Main Floor, Dimensions: 14 x 12
  • Above Grade Finished Sq Ft: 1119
  • Total Finished Sq Ft: 1119

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Exterior Features: Deck
  • Foundation: Crawl, Slab
  • Frontage: 66
  • Lake Name: Five Lakes
  • Road: City/County, Paved Street
  • Water Features: All Sports Lake, Lake Frontage, Sea Wall, Waterfront, Interior Lake, Sandy Bottom
  • Waterfront: Yes
  • Out Buildings: Shed
  • Frontage Type: Water

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Septic
  • Water: Private Well
  • Water Heater: Gas
  • Cooling: Central A/C

Condo/Co-op/Association

  • HOA Fees: 175
  • HOA Fee Frequency: Yearly
  • Association Fee: Yes

Lot Info

  • Assessor Parcel Number: 18 015 240 215 00
  • Lot Dimensions: 66 x 61 x 64 x 75
  • Acreage: 0.1
  • Geo Subdivision: MI
  • Site/Lot Features: Cul-De-Sac, Dead End, Subdivision

Tax Info

  • Summer Tax: Year: 2024, Amount: $869.85
  • Winter Tax: Year: 2024, Amount: $1,324.06
  • Total Tax: Year: 2024, Amount: $2,193.91

MLS Schools

  • School District: Farwell Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2013
Sold by
Haynak Richard & Jean Tru
Bought by
Polley Lance and Polley Shannon M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Grant Deed $84,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 Sold $275,011 -9.8% $246 / Sq Ft
11/10/2025 11/10/25 Pending -- -- --
10/23/2025 10/23/25 For Sale $304,900 -- $272 / Sq Ft
Source: Clare Gladwin 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
2025 $1,904 $67,200 $53,200 $14,000
2024 $443 $56,500 $36,500 $20,000
2023 $1,746 $45,800 $34,700 $11,100
2022 $1,746 $43,300 $30,600 $12,700
2021 $1,746 $38,700 $0 $0
2020 $1,586 $38,800 $0 $0
2019 $1,616 $38,700 $0 $0
2018 $1,581 $34,400 $0 $0
2017 $362 $33,500 $0 $0
2016 $371 $34,300 $0 $0
2015 -- $34,700 $0 $0
2014 -- $35,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brent Duffett

    Seller's Agent in 2025

    Brent Duffett

    PEYTON PROPERTIES, LLC

    (989) 429-0181

    166 Total Sales

    Brent Duffett
    Section Image
  • Ivie Baker

    Buyer's Agent in 2025

    Ivie Baker

    Baker-Kehoe Realty LLC

    (989) 429-0124

    293 Total Sales

    Ivie Baker
    Section Image
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Map

Source: Clare Gladwin Board of REALTORS®

MLS Number: 50192407

Clare Gladwin Board of REALTORS®

APN: 006-031-100-05

Michigan Clare County Farwell 48622

7940 Peninsula Dr, Farwell, MI

Sold

Detached

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