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Sold for $390,000
    • $390,000

    7481 Five Lakes Dr, Farwell, MI 48622

    6beds
    3,390sqft
    Single Family Residence
    Built in 2016
    1 Acres Lot
    $351,100 Zestimate®
    $115/sqft
    $1,800 Estimated rent

    Home value

    $351,100

    $312,000 - $390,000

    $1,800/mo

    Zestimate® history
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    What's special

    Private beachSerene pond with waterfallManicured groundsPear treeRaised bedsAttached garageProperty spans three lots
    Over 3000 Square feet of finished home! Motivated Sellers ready for their next chapter can be your gain...Nestled on Five Lakes in Clare County, this stunning residence offers a spacious interior, complete with six bedrooms and three full bathrooms. Residents can unwind on the private beach or picnic area, taking in the picturesque views of All sports Five Lakes. The property spans three lots, featuring a path to the water. Manicured grounds showcase a serene pond with waterfall, vibrant lilacs, raised beds and pear tree. Warm weather nights can be savored on the expansive cement patio area or stay cool inside with the Central Air Conditioning. This home is energy efficient with low utility bills. The kitchen is a true showstopper, boasting handmade Amish cabinetry with soft-close drawers and doors.GE gas range with air fry functionality and other features. LG range hood and fan. Frigidaire Gallery side-by-side refrigerator and freezer with built-in water and ice maker. Newly installed GE dishwasher. Samsung front-loading washer and dryer with accompanying pedestal drawers. Heavy-duty outdoor dining table with 8 matching chairs. Electric fireplace paired with matching shelves. Basement bedrooms feature egress windows and ample closet space. Additional highlights include an attached garage and cement driveway. All Three lots are adjoining.

    Zillow last checked:

    Listing updated:

    Listed by:

    SHANNON CHRISMAN 989-444-9725,

    HOMEWATERS - Gladwin

    Bought with:

    NON MEMBER NON MEMBER

    NONMEMBER

    Source: MiRealSource,MLS#: 50180770MLS LogoOriginating MLS: Clare Gladwin Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Bedroom
    • Level: Main
    • Area: 144
    • Dimensions: 12 x 12
    Bedroom 1
    • Level: Basement
    • Area: 150
    • Dimensions: 15 x 10
    Bedroom 2
    • Level: Basement
    • Area: 121
    • Dimensions: 11 x 11
    Bedroom 3
    • Level: Basement
    • Area: 132
    • Dimensions: 12 x 11
    Bedroom 4
    • Level: Main
    • Area: 120
    • Dimensions: 12 x 10
    Bedroom 5
    • Level: Main
    • Area: 130
    • Dimensions: 10 x 13
    Bathroom 1
    • Level: Basement
    Bathroom 2
    • Level: Main
    Bathroom 3
    • Level: Main
    Dining room
    • Area: 162
    • Dimensions: 9 x 18
    Kitchen
    • Area: 252
    • Dimensions: 14 x 18
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Features
    • Has basement: Yes
    • Has fireplace: No
    Interior area
    • Total structure area: 3,390
    • Total interior livable area: 3,390 sqft
    • Finished area above ground: 1,500
    • Finished area below ground: 1,890

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Frontage type: Road
    • Frontage length: 217
    Lot
    • Size: 1 Acres
    • Dimensions: 217 x 173 x 409 x 150
    Details
    • Parcel number: 01526029000
    • Special conditions: Private

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Basement
    Condition
    • Year built: 2016

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Private Well

    Community & HOA

    Community
    • Subdivision: Five Lakes
    HOA
    • Has HOA: Yes
    • HOA fee: $130 annually
    Location
    • Region: Farwell

    Financial & listing details

    • Price per square foot: $115/sqft
    • Tax assessed value: $347,086
    • Annual tax amount: $5,758
    • Date on market: 7/7/2025
    • Cumulative days on market: 333 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/10/2026Pending sale$434,000+11.3%$128/sqft
    Source: MiRealSource #50180770 Report a problem
    6/5/2026Sold$390,000-10.1%$115/sqft
    Source: MiRealSource #50180770 Report a problem
    4/1/2026Price change$434,000-1.1%$128/sqft
    Source: MiRealSource #50180770 Report a problem
    3/7/2026Price change$439,000-1.1%$129/sqft
    Source: MiRealSource #50180770 Report a problem
    2/25/2026Price change$444,000-1.1%$131/sqft
    Source: MiRealSource #50180770 Report a problem
    10/6/2025Price change$449,000-10%$132/sqft
    Source: MiRealSource #50180770 Report a problem
    9/16/2025Price change$499,000-5.7%$147/sqft
    Source: MiRealSource #50180770 Report a problem
    9/2/2025Price change$529,000-3.6%$156/sqft
    Source: MiRealSource #50180770 Report a problem
    8/9/2025Price change$549,000-3.5%$162/sqft
    Source: MiRealSource #50180770 Report a problem
    7/28/2025Price change$569,000-1.7%$168/sqft
    Source: MiRealSource #50180770 Report a problem
    7/18/2025Price change$579,000-3.3%$171/sqft
    Source: MiRealSource #50180770 Report a problem
    7/11/2025Price change$599,000-4.2%$177/sqft
    Source: MiRealSource #50180770 Report a problem
    7/7/2025Listed for sale$625,000+733.3%$184/sqft
    Source: MiRealSource #50180770 Report a problem
    9/19/2014Sold$75,000$22/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,717 +6.1%$173,543 +11.9%
    2024$5,389 $155,110 +2.5%
    2023-- $151,362 +24.4%
    2022-- $121,680 +0.6%
    2021-- $121,000 +7.3%
    2020-- $112,800 +2.5%
    2019-- $110,100 +19.3%
    2018-- $92,300 +0.7%
    2017-- $91,700 +3772.5%
    2016-- $2,368 -96.2%
    2015-- $62,532 +1.3%
    2014-- $61,748 +7.1%
    2013-- $57,640 -4.6%
    2012-- $60,446 -1.2%
    2011-- $61,200 -3.4%
    2010-- $63,350
    Find assessor info on the county website

    Neighborhood: 48622

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    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Farwell Area Schools

    Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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