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5242 Ostlund Dr, Hope, MI, 48628

$494,500

Home List Price

$5,872*

Closing Credit

1 Full Bath
960 SqFt
$515/SqFt
House

Location

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5242 Ostlund Dr, Hope$494,500

Buyer Closing Credits

$5,872*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingFourCarGarage, Detached, ElectricityinGarage, Garage, OffStreet, SideEntrance
Garage4 spaces
Year Built1949
HeatingForced Air, Propane
CoolingCeiling Fan(s)
WaterfrontLake, Canal, Lake Front, Seawall, Waterfront
FireplaceGreatRoom, WoodBurning
MLS #61050160513
Lot Size4.50 Acres
StatusActive

About 5242 Ostlund Dr

Dreaming on..... 5242 Ostlund Dr. in Hope, Michigan! Great potential for Dreams to come true on what is unquestionably the most desirable location on Wixom Lake. Located in Gladwin County on the east shore of Wixom Lake (Tittabawassee River) with mostly wooded lots, half way between the Edenville Dam and the Estey Road bridge, with access via the terminus of a private paved drive off Middle Road. Whether you are admiring the gorgeous colors of Autumn, cozying up by the crackling fire watching the snow fall in Winter, or viewing the awe-inspiring sunsets year-round, you will enjoy the 180 degree unobstructed view of the lake. The parcel consists of 8 contiguous lots from the original plats of the Ostlund and Pudlo Subdivisions. Since 1949, the parcel has been owned by a family which used the single level cabin and environs as a recreational retreat during the summer months. When the water returns the property boasts a magnificent sandy bottomed swimming area, 40 yards wide along over 500 feet of lake frontage, plus a docking facility with 4 ft. depth. The 4 ½ acre parcel is served with Consumers Energy electricity and has natural gas service available. Sellers are open to negotiations on splitting the property lots.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1949
  • Living Area: 960 SqFt

Listing Office:

  • Office Name: Modern Realty
  • Office Phone: (989) 486-9770
  • Listing Agent: Glenn Wyman, Robert Zientek

Interior Features

Interior Information:

  • Basement: No
  • Fireplace: GreatRoom, WoodBurning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

  • Waterfront: Lake, Canal, Lake Front, Seawall, Waterfront

Parking Information:

  • Garage Space: 4 spaces
  • Parking: FourCarGarage, Detached, ElectricityinGarage, Garage, OffStreet, SideEntrance

Lot Features

Lot Information:

  • Lot: Cleared, Split Possible, Wooded
  • Lot Size: 4.50 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Propane
  • Cooling: Ceiling Fan(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $494,500
  • Price Per SqFt: $515/SqFt
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MLS Details

MLS Information:

  • MLS Name: Saginaw Board of REALTORS
  • MLS Number: #61050160513

Listing Office:

  • Office Name: Modern Realty
  • Office Phone: (989) 486-9770
  • Listing Agent: Glenn Wyman, Robert Zientek

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/16/2024, 4:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$2,536

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,549

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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-3852748
5
/10
  • Beaverton Elementary School

  • 440 S Ross St

  • 8.22 miles

  • Public Magnet Grades KG-6

school-card-donut-3852749
5
/10
  • Meridian Elementary School

  • 3353 N Meridian Rd

  • 8.93 miles

  • Public District Grades PK-4

school-card-donut-3852750
4
/10
  • Gladwin Intermediate School

  • 780 W 1st St

  • 13.25 miles

  • Public District Grades 3-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,462. The most common annual income of people living in Midland County, MI is less than $35k. Typical family type is married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5242 Ostlund Dr

What is the listing price of this property?

The listing price of 5242 Ostlund Dr property is $494,500.

What type of property is this?

The property 5242 Ostlund Dr is a house located in Hope, Michigan, 48628.

Is this property for sale now?

Active Listing: 5242 Ostlund 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 5242 Ostlund Dr has 1 bathroom..

What is the square footage of this property?

The property 5242 Ostlund Dr is 960 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5242 Ostlund Dr is 1949.

Rocket HomesMichiganMidland CountyHope486285242 Ostlund Dr

This home is located at 5242 Ostlund Dr in Hope, MI and zip code 48628. This 960 square foot home, which was built in 1949, sits on a 4.50 acre lot. Features: 1 bathroom. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $494,500.

Midland County, MI housing market in November 2024 saw over 9 listings sold above listed price, more than 3 sold at listed price and over 17 sold below. The number of listings in Midland County, MI decreased by 12.9% between October 2024 and November 2024. While the average time on the market in November 2024 was 24 days, the median list price was $229,750.

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

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