3551 W Otsego Lake Dr Gaylord, MI 49735
Property details
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.
Highlights
Summary
- MLS Number: 201831189
- Office Name: smith realty GROUP
- Office Phone: (989) 732-2477
- Office Email: ryan@smithrealtygaylord.com
- Listing Agent: Ryan Wojan
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Last updated on: 3/10/2025, 5:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,200,000
3551 W Otsego Lake Dr
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 21, 2021 | Home Sold | $320,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $345,400 | $6,061 |
| 2022 | $289,500 | $5,667 |
| 2021 | $263,700 | $6,014 |
| 2020 | $219,600 | $- |
| 2019 | $164,700 | $- |
| 2018 | $161,100 | $- |
| 2017 | $159,600 | $- |
History based on county public records data.
Nearby schools
4
South Maple Elementary School
Public District PK-3
3.3 mi
•650 E 5th St
5
North Ohio Elementary School
Public District PK-3
4.1 mi
•912 N Ohio Ave
5
Lewiston Elementary School
Public District KG-5
20.4 mi
•4580 Montmorency St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,054. Residents of Gaylord, MI typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Wal-Mart
Bass Pro Shops
Dollar General
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
Ram
GMC
Cadillac
What do the neighbors listen to?
Classic Country- Country
New Country
Frequently asked questions
About 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 2 listings were sold over their listed price in February 2025 in Gaylord, MI. In the same period over 14 listings were sold below the listed price and 5 listings were sold for the listed price. In February 2025 in Gaylord, MI there were 6.7% less homes for sale than in January. The median list price of listings available in February 2025 was $289,625, while the average time on the real estate market was 45 days.