3 months on rocket

530 Five Lakes Rd, Gaylord, MI, 49735

$2,000,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,000 SqFt
$2,000/SqFt
House

Location

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530 Five Lakes Rd, Gaylord$2,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDoor Opener, Attached
Attached GarageYes
Year Built1950
HeatingBaseboard, Forced Air
CoolingCeiling Fan(s)
BasementYes
FireplaceOther
MLS #65024039053
Lot Size31.66 Acres
StatusActive

About 530 Five Lakes Rd

Prime Commercial Land OpportunityDiscover the potential of this expansive 32-acre parcel boasting an impressive 1,337 feet of frontage along I-75. Located just 4 minutes north of the Gaylord exit (exit 282), this site offers endless possibilities for your commercial vision to flourish. The sandy soil enhances the land's versatility, making it ideal for various developments. Situated a mere 5 minutes from Brook Gaylord and Otsego Resort, this location is perfect for attracting both locals and tourists. With Gaylord's population growing at 2.6% annually and over 33,000 cars passing by on I-75 daily, this prime commercial land is an unparalleled investment opportunity, ready to accommodate a wide range of commercial endeavors.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1950
  • Stories: 2
  • Living Area: 1,000 SqFt

Listing Office:

  • Office Name: Greenridge Realty (Summit)
  • Office Phone: (616) 365-8900
  • Listing Agent: Melvin R Blohm

Interior Features

Interior Information:

  • Appliances: Electric Oven, Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Basement: Yes
  • Interior: Laundry Facility
  • Fireplace: Other

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Door Opener, Attached

Lot Features

Lot Information:

  • Lot: Corner Lot, Level, Wooded
  • Lot Size: 31.66 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Exit 282 I-75 turn right to N. Ohio Ave then left at Five Lakes

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,000,000
  • Price Per SqFt: $2,000/SqFt
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Housing Market Comparison

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

Map thumbnail provided by MapBox

Gaylord, MI

City

Med. Sold Price

$275K

Med. Price/SqFt

$132

Avg. Days On Market

52

# of Sold Homes

22

530 Five Lakes Rd vs Gaylord

108 DAYS ON ROCKET

+56 Days

$2,000,000

+$1.7M More

$2,000/SqFt

+$1.8K More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $1.8K/SqFt more than other homes in Gaylord, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65024039053

Listing Office:

  • Office Name: Greenridge Realty (Summit)
  • Office Phone: (616) 365-8900
  • Listing Agent: Melvin R Blohm

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: 11/15/2024, 2:20:52 PM 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 - $83,500
2019 - $82,600
2018 - $80,500
2017 - $78,400

History based on county public records data.

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$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,063

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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-484232
5
/10

  • North Ohio Elementary School

  • 912 N Ohio Ave

  • 0.23 miles

  • Public District Grades PK-3

school-card-donut-484233
4
/10

  • South Maple Elementary School

  • 650 E 5th St

  • 1.77 miles

  • Public District Grades PK-3

school-card-donut-484234
4
/10

  • Wolverine Elementary School

  • 5993 W Sholes St

  • 16.22 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,875. Residents of Gaylord, MI typically earn less than $35k each year. Typical family type is 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 530 Five Lakes Rd

What is the listing price of this property?

The listing price of 530 Five Lakes Rd property is $2,000,000.

What type of property is this?

The property 530 Five Lakes Rd is a house located in Gaylord, Michigan, 49735.

Is this property for sale now?

Active Listing: 530 Five Lakes Rd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 530 Five Lakes Rd has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 530 Five Lakes Rd is 1,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 530 Five Lakes Rd is 1950.

Rocket Homes›Michigan›Otsego County›Gaylord›49735›530 Five Lakes Rd

This home is located at 530 Five Lakes Rd in Gaylord, MI and zip code 49735. This 1,000 square foot home, which was built in 1950, sits on a 31.66 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 29, 2024 and is currently priced at $2,000,000.

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. The number of listings in Gaylord, MI increased by 2.4% between September 2024 and October 2024. 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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