NOT LISTED FOR SALE

7941 Peninsular Dr Farwell, MI 48622

Estimated Value: $395,000 - $451,379

2 Beds
3 Baths
2,056 Sq Ft
$211/Sq Ft Est. Value

Sale Details

Date Sold: January 24, 2025

Last sale price $400,000 $195 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,497 / mo

31 Days on Market

Highlights

  • Waterfront
  • 1.5 Car Detached Garage
  • Forced Air Heating System
  • Traditional Architecture
  • 1-Story Property
  • Carpet

About This Home

As of January 2025

Come check out this lakefront home situated on 170ft of frontage on the popular 5 Lakes in Farwell. This ranch home offers beautiful views of the lake, large balcony to enjoy a cup of coffee or a feast of entertaining. Includes 2 bedrooms on main level (master with ensuite bath), large living/dining area and quaint kitchen that leads out to expansive balcony, along with a bonus room in the basement (currently being used as 3rd bedroom), ginormous family area, storage, walkout basement to covered patio and even a kitchenette! This home is made for entertaining or using as dual living spaces. Plenty of storage outside with a shed for all your water “toys” along with detached garage. Permanent Cantilever dock makes winters much easier. Furnace 7 years old and AC unit 2 years old. Schedule your showing today! Note: There is a 12x15 storage/utility room in the basement

Last Agent to Sell the Property

Teresa Allen

Next Home Reality License #CGBOR-480513537 Listed on: 10/21/2024

Last Buyer's Agent

Teresa Allen

Next Home Reality License #CGBOR-480513537 Listed on: 10/21/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 5,663 Sq Ft Lot
  • 170 Ft Wide Lot
  • Waterfront

Parking

  • 1.5 Car Detached Garage

Home Design

  • Traditional Architecture
  • Cottage
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Community Details

  • Five Lakes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01500930003

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Originating MLS: Clare Gladwin Board of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Traditional, Cottage
  • Structure Style: 1 Story
  • Total Tax Amount: 4179.88
  • Total Tax Year: 2023
  • Year Built: 2002
  • Mail City: Farwell
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Yes
  • Bedrooms: 2
  • Bedroom 1: On 1st Floor, Dimensions: 20 x 13
  • Bedroom 1 Floor Covering: Carpet
  • Bedroom 2: On 1st Floor, Dimensions: 10 x 12
  • Bedroom 2 Floor Covering: Carpet
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Bathroom 1: On Level: First
  • Bathroom 2: On Level: First
  • Bathroom 3: On Level: Basement
  • Breakfast Nook: In Basement, Dimensions: 8 x 7
  • Breakfast Nook Floor Covering: Vinyl
  • Dining Room Floor Covering: Carpet
  • Family Room: In Basement, Dimensions: 27 x 15
  • Family Room Floor Covering: Carpet
  • Kitchen: On 1st Floor, Dimensions: 12 x 11
  • Kitchen Floor Covering: Vinyl
  • Laundry: On 1st Floor, Dimensions: 7 x 6
  • Laundry Room Floor Covering: Vinyl
  • Living Room: On 1st Floor, Dimensions: 21 x 14
  • Living Room Floor Covering: Carpet
  • Other Room 2: Dimensions: 20x12, On Level: Basement, Flooring: Carpet
  • Below Grade Sq Ft: 1256
  • Finished Below Grade Sq Ft: 800
  • Above Grade Finished Sq Ft: 1256
  • Total Finished Sq Ft: 2056

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Basement
  • Frontage: 170
  • Waterfront: Yes
  • Frontage Type: Water

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1.5
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Septic
  • Water: Private Well

Lot Info

  • Assessor Parcel Number: 01500930003
  • Lot Dimensions: 5267
  • Acreage: 0.13
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $1,694.04
  • Winter Tax: Year: 2023, Amount: $2,485.84
  • Total Tax: Year: 2023, Amount: $4,179.88

MLS Schools

  • School District: Farwell Area Schools

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Jan 24, 2025
Sold by
Bought by
Seller's Agent
Teresa Allen
Next Home Reality
Buyer's Agent
Teresa Allen
Next Home Reality
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Views
53
Current Estimated Value
$432,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,845
Avg. Annual Appreciation
5.80%

Purchase Details

Listed on
Feb 3, 2023
Closed on
Jul 17, 2023
Sold by
Bought by
Seller's Agent
Andrew Ingram
Weichert REALTORS Plat (Main)
Buyer's Agent
NON BROKER
NON MEMBER
List Price
$379,900
Sold Price
$350,000
Premium/Discount to List
-$29,900
-7.87%
Views
303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 --
$350,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2025 01/24/25 Sold $400,000 -11.1% $195 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
10/21/2024 10/21/24 For Sale $450,000 +28.6% $219 / Sq Ft
07/17/2023 07/17/23 Sold $350,000 -5.4% $170 / Sq Ft View Prior Sale
06/02/2023 06/02/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $369,900 -2.6% $180 / Sq Ft
02/03/2023 02/03/23 For Sale $379,900 +81.8% $185 / Sq Ft
08/26/2016 08/26/16 Sold $209,000 -2.3% $166 / Sq Ft View Prior Sale
08/07/2016 08/07/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $214,000 -- $170 / Sq Ft
Source: Clare Gladwin Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,916 $187,745 $79,943 $107,802
2024 $4,180 $174,629 $76,950 $97,679
2023 $1,613 $171,760 $76,437 $95,323
2022 $3,912 $153,081 $81,738 $71,343
2021 $3,795 $157,900 $0 $0
2020 $3,747 $152,600 $0 $0
2019 $3,330 $151,000 $0 $0
2018 $5,746 $138,500 $0 $0
2017 $1,450 $135,400 $0 $0
2016 $350 $125,209 $0 $0
2015 -- $114,973 $0 $0
2014 -- $111,228 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Teresa Allen

    Next Home Reality

    Section Image
  • Andrew Ingram

    Seller's Agent in 2023

    Andrew Ingram

    Weichert REALTORS Plat (Main)

    (616) 570-1871

    46 Total Sales

    Andrew Ingram
    Section Image

  • N

    Buyer's Agent in 2023

    NON BROKER

    NON MEMBER

  • D

    Seller's Agent in 2016

    Dawn Peyton

    PEYTON PROPERTIES, LLC

    (989) 240-0347

    32 Total Sales

    Dawn Peyton
    Section Image

  • T

    Seller Co-Listing Agent in 2016

    Taymra Callison

    PEYTON PROPERTIES, LLC

  • Timothy Oatman

    Buyer's Agent in 2016

    Timothy Oatman

    Century 21 Signature - Clare

    (989) 329-9636

    13 Total Sales

    Timothy Oatman
    Section Image
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Map

Source: Clare Gladwin Board of REALTORS®

MLS Number: 50158902

Clare Gladwin Board of REALTORS®

APN: 015-009-300-03

Michigan Clare County Farwell 48622

7941 Peninsular Dr, Farwell, MI

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.

Clare Gladwin Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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