Sold for $400,000

$400,000

7941 Peninsular Dr, Farwell, MI 48622

2beds

2,056sqft

Single Family Residence

Built in 2002

5,662 Square Feet Lot

$433,600 Zestimate^®

$195/sqft

$2,161 Estimated rent

Home value

$433,600

Estimated sales range

Not available

$2,161/mo

Zestimate^® history

Owner options

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$2,161/mo

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$2,575/mo

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$2,575/mo

Est. payment

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What's special

Detached garagePermanent cantilever dockGinormous family areaLakefront homeMaster with ensuite bathQuaint kitchenLarge balcony

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 3

Bedroom 1

Features: Carpet
Level: First
Area: 260
Dimensions: 20 x 13

Bedroom 2

Features: Carpet
Level: First
Area: 120
Dimensions: 10 x 12

Bathroom 1

Level: First

Bathroom 2

Level: First

Bathroom 3

Level: Basement

Dining room

Features: Carpet

Family room

Features: Carpet
Level: Basement
Area: 405
Dimensions: 27 x 15

Kitchen

Features: Vinyl
Level: First
Area: 132
Dimensions: 12 x 11

Living room

Features: Carpet
Level: First
Area: 294
Dimensions: 21 x 14

Heating

Forced Air, Natural Gas

Appliances

Laundry: First Floor Laundry

Features

Flooring: Carpet, Vinyl
Has basement: Yes
Has fireplace: No

Interior area

Total structure area: 2,512
Total interior livable area: 2,056 sqft
Finished area above ground: 1,256
Finished area below ground: 800

Property

Parking

Total spaces: 1.5
Parking features: Detached
Garage spaces: 1.5

Features

Levels: One
Stories: 1
On waterfront: Yes
Waterfront features: Waterfront
Frontage length: 170

Lot

Size: 5,662 Square Feet
Dimensions: 5267

Details

Parcel number: 01500930003
Special conditions: Private

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional,Cottage
Property subtype: Single Family Residence

Materials

Vinyl Siding
Foundation: Basement

Condition

Year built: 2002

Utilities & green energy

Sewer: Septic Tank
Water: Private Well

Community & HOA

Community

Subdivision: Five Lakes

HOA

Has HOA: No
HOA name: Five Lakes Association

Location

Region: Farwell

Financial & listing details

Price per square foot: $195/sqft
Tax assessed value: $375,490
Annual tax amount: $4,179
Date on market: 10/21/2024
Cumulative days on market: 31 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Price history

Date	Event	Price
1/24/2025	Sold	$400,000-11.1%$195/sqft
Source: MiRealSource #50158902 Report a problem
12/11/2024	Pending sale	$450,000$219/sqft
Source: Greater Lansing AOR #284346 Report a problem
10/18/2024	Price change	$450,000+21.7%$219/sqft
Source: Greater Lansing AOR #284346 Report a problem
6/2/2023	Pending sale	$369,900$180/sqft
Source: MichRIC #23003554 Report a problem
3/13/2023	Price change	$369,900-2.6%$180/sqft
Source: MichRIC #23003554 Report a problem
2/3/2023	Listed for sale	$379,900$185/sqft
Source: MichRIC #23003554 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,617 +88.7%	$187,745 +7.5%
2024	$4,036	$174,629 +1.7%
2023	--	$171,760 +12.2%
2022	--	$153,081 -3.1%
2021	--	$157,900 +3.5%
2020	--	$152,600 +1.1%
2019	--	$151,000 +9%
2018	--	$138,500 +2.3%
2017	--	$135,400 +8.1%
2016	--	$125,209 +8.9%
2015	--	$114,973 +3.4%
2014	--	$111,228 -7.6%
2013	--	$120,396 +2.3%
2012	--	$117,662 -0.7%
2011	--	$118,500