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7941 Peninsular Dr, Farwell, MI, 48622

$450,000

Home List Price

$5,344*

Closing Credit

2 Bedrooms
3 Full Baths
1,256 SqFt
$358/SqFt
House

Location

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7941 Peninsular Dr, Farwell$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Garage1 space
Year Built2002
HeatingNatural Gas, Forced Air
BasementYes
MLS #50158902
Lot Size129.00 Acres
StatusActive

About 7941 Peninsular Dr

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

Property Details

Property Features

Property Information:

  • Year Built: 2002
  • Stories: 1
  • Living Area: 1,256 SqFt

Listing Office:

  • Office Name: Next Home Reality
  • Office Phone: (517) 246-4663
  • Listing Agent: Teresa Allen

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 129.00 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

School District Information:

  • School District: Farwell Area Schools

Other

Directions Information:

  • Directions: Business 27/S Clare Ave to Surrey Road West to Grant North to Beaverton West to Lone Pine Road which turns into 5 Lakes Drive, then turns into Peninsular drive, keep following back on main road to Cul-De-Sac and home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $358/SqFt
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Housing Market Comparison

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

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Farwell, MI

City

Med. Sold Price

$243.5K

Med. Price/SqFt

$126

Avg. Days On Market

92

# of Sold Homes

10

7941 Peninsular Dr vs Farwell

33 DAYS ON ROCKET

-59 Days

$450,000

+$206.5K More

$358/SqFt

+$231 More

KEY TAKEAWAY

This property is $206.5K more than the Median Sold Price and $231/SqFt more than other homes in Farwell, MI.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: Clare Gladwin Board of REALTORS
  • MLS Number: #50158902

Listing Office:

  • Office Name: Next Home Reality
  • Office Phone: (517) 246-4663
  • Listing Agent: Teresa Allen

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 10:20:52 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
2021 - $157,900
2020 - $152,600
2019 - $151,000
2017 - $135,400

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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-1000092
4
/10

  • Clare Primary School

  • 205 E Wheaton Ave

  • 3.87 miles

  • Public District Grades KG-4

school-card-donut-1000093
4
/10

  • Farwell Elementary School

  • 268 E Ohio St

  • 3.90 miles

  • Public Magnet Grades KG-3

school-card-donut-1000094
3
/10

  • Robert M Larson Elementary School

  • 455 W Spruce St

  • 9.89 miles

  • Public District Grades KG-2

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,263. The most common annual income of people living in Farwell, MI is between $35k-100k. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7941 Peninsular Dr

What is the listing price of this property?

The listing price of 7941 Peninsular Dr property is $450,000.

What type of property is this?

The property 7941 Peninsular Dr is a house located in Farwell, Michigan, 48622.

Is this property for sale now?

Active Listing: 7941 Peninsular 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 7941 Peninsular Dr has 2 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 7941 Peninsular Dr is 1,256 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7941 Peninsular Dr is 2002.

Rocket Homes›Michigan›Clare County›Farwell›48622›7941 Peninsular Dr

This home is located at 7941 Peninsular Dr in Farwell, MI and zip code 48622. This 1,256 square foot home, which was built in 2002, sits on a 129.00 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $450,000.

While more than 0 listings in Farwell, MI in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 7 were sold below. The number of homes for sale in Farwell, MI increased by 14.3% between September 2024 and October 2024. In October 2024 median list price was $243,500 and the average listing age was 92 days.

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

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