3 months on rocket

3551 W Otsego Lake Dr, Gaylord, MI, 49735

$1,200,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Full Baths
3,169 SqFt
$379/SqFt
House

Location

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3551 W Otsego Lake Dr, Gaylord$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
HeatingForced Air, Natural Gas
CoolingCentral Air
MLS #201831189
Lot Size2.40 Acres
StatusActive

About 3551 W Otsego Lake Dr

Possibilities abound for this unique, multifamily property on Otsego Lake. 4 cottages with excellent short- and long-term rental history, 150' of beautiful, sandy Otsego Lake frontage and 2.4 acres of prime property. Only a handful of lots this size still exist on Otsego Lake. Two cottages were built in 2015, Two renovated. Shared 20x20 garage for storage, private water system, newer pump-back septic system upgraded in 2015. The lot size gives you the option of adding additional cottages or a larger residence. There is also room for a large outbuilding, which could be divided for separate storage. Great return on investment as-is, or expand for even higher potential.

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin
  • Living Area: 3,169 SqFt

Listing Office:

  • Office Name: smith realty GROUP
  • Office Phone: (989) 732-2477
  • Listing Agent: Ryan Wojan

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Oven, Refrigerator
  • Flooring Type: Hardwood
  • Interior: Doorwall, Hardwood Floors, Vaulted Ceilings, Wood Laminate

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Cable TV, Deck, Shed, Sprinkler System

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 2.40 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Gaylord, S Otsego Ave, RIGHT on N Otsego Lake Rd, continue on W Otsego Lake Rd. Property on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $379/SqFt
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Housing Market Comparison

See how this home compares to others in Gaylord, MI.

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Gaylord, MI

City

Med. Sold Price

$275K

Med. Price/SqFt

$132

Avg. Days On Market

52

# of Sold Homes

22

3551 W Otsego Lake Dr vs Gaylord

94 DAYS ON ROCKET

+42 Days

$1,200,000

+$925K More

$379/SqFt

+$246 More

KEY TAKEAWAY

This property is $925K more than the Median Sold Price and $246/SqFt more than other homes in Gaylord, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #201831189

Listing Office:

  • Office Name: smith realty GROUP
  • Office Phone: (989) 732-2477
  • Listing Agent: Ryan Wojan

IDX © 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 2:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020 - $219,600
2019 - $164,700
2018 - $161,100
2017 - $159,600

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-676280
4
/10

  • South Maple Elementary School

  • 650 E 5th St

  • 3.26 miles

  • Public District Grades PK-3

school-card-donut-676281
5
/10

  • North Ohio Elementary School

  • 912 N Ohio Ave

  • 4.07 miles

  • Public District Grades PK-3

school-card-donut-676282
5
/10

  • Lewiston Elementary School

  • 4580 Montmorency St

  • 20.37 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,054. The majority of Gaylord, MI residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3551 W Otsego Lake Dr

What is the listing price of this property?

The listing price of 3551 W Otsego Lake Dr property is $1,200,000.

What type of property is this?

The property 3551 W Otsego Lake Dr is a house located in Gaylord, Michigan, 49735.

Is this property for sale now?

Active Listing: 3551 W Otsego Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 3551 W Otsego Lake Dr has 7 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 3551 W Otsego Lake Dr is 3,169 SqFt (source: MLS/tax record).

Rocket Homes›Michigan›Otsego County›Gaylord›49735›3551 W Otsego Lake Dr

This home is located at 3551 W Otsego Lake Dr in Gaylord, MI and zip code 49735. This 3,169 square foot home sits on a 2.40 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $1,200,000.

Over 3 listings were sold over their listed price in October 2024 in Gaylord, MI. In the same period over 12 listings were sold below the listed price and 7 listings were sold for the listed price. Between September 2024 and October 2024, Gaylord, MI real estate market has seen increase in the number of listings by 2.4%. While the average time on the market in October 2024 was 52 days, the median list price was $275,000.

From Rocket Homes Real Estate and based on county public records data.

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