7481 Five Lakes Dr Farwell, MI 48622
Property details
About 7481 Five Lakes Dr
Motivated Sellers ready for their next chapter can be your gain...Nestled on Five Lakes in Clare County, this stunning residence offers a spacious interior, complete with six bedrooms and three full bathrooms. Residents can unwind on the private beach or picnic area, taking in the picturesque views of All sports Five Lakes. The property spans three lots, featuring a path to the water. Manicured grounds showcase a serene pond with waterfall, vibrant lilacs, raised beds and pear tree. Warm weather nights can be savored on the expansive cement patio area or stay cool inside with the Central Air Conditioning. This home is energy efficient with low utility bills. The kitchen is a true showstopper, boasting handmade Amish cabinetry with soft-close drawers and doors.GE gas range with air fry functionality and other features. LG range hood and fan. Frigidaire Gallery side-by-side refrigerator and freezer with built-in water and ice maker. Newly installed GE dishwasher. Samsung front-loading washer and dryer with accompanying pedestal drawers. Heavy-duty outdoor dining table with 8 matching chairs. Electric fireplace paired with matching shelves. Basement bedrooms feature egress windows and ample closet space. Additional highlights include an attached garage and cement driveway. All Three lots are adjoining.
Highlights
Summary
- Full Bathrooms: 3
- Basement: Yes
- Total Bedroom Count: 6
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: No
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- List Price: $569,000
- Price/SqFt: $379
- HOA Amount: $130 Annually
- Annual Tax Amount: $5,532
- Tax Year: 2024
- Directions: From S Clare Ave/Old US HWY 27 Turn right onto E Dover Rd. Turn left onto S Grant Ave. Turn right onto E Beaverton Rd. Turn Right onto Lone Pine Rd.
- Year Built: 2016
- Stories: 1
- Living Area: 1,500 SqFt
- School District: Farwell Area Schools
- Lot Size: 1 Acres
- MLS Number: 50180770
- MLS Name: Clare Gladwin Board of REALTORS
- Office Name: HOMEWATERS - Gladwin
- Office Phone: (989) 513-1306
- Office Email: preston@homewaters.net
- Listing Agent: SHANNON CHRISMAN
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
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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.
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Last updated on: 7/31/2025, 4:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $155,110 | $5,532 |
| 2023 | $151,362 | $- |
| 2022 | $121,680 | $- |
| 2021 | $121,000 | $- |
| 2020 | $112,800 | $- |
| 2019 | $110,100 | $- |
| 2018 | $92,300 | $- |
| 2017 | $91,700 | $- |
History based on county public records data.
Nearby schools
4
Farwell Elementary School
Public Magnet KG-3
4.2 mi
•268 E Ohio St
4
Clare Primary School
Public District KG-4
4.2 mi
•205 E Wheaton Ave
3
Robert M Larson Elementary School
Public District KG-2
9.5 mi
•455 W Spruce 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 $51,263. The most common annual income of people living in Farwell, MI is between $35k-100k. Residents typically live in married, no kids family. The majority of residents in this area 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?
NASCAR
Hunting
Figure Skating
Where do the neighbors shop?
Bass Pro Shops
Academy Sports & Outdoors
Wal-Mart
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Chevrolet
Ram
What do the neighbors listen to?
Classic Country
New Country
Oldies
Frequently asked questions
About 7481 Five Lakes Dr
The listing price of 7481 Five Lakes Dr property is $569,000.
The property 7481 Five Lakes Dr is a house located in Farwell, Michigan, 48622.
Active Listing: 7481 Five Lakes Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7481 Five Lakes Dr are: Farwell Elementary School (GreatSchools Rating 4/10), Clare Primary School (GreatSchools Rating 4/10), Robert M Larson Elementary School (GreatSchools Rating 3/10), Farwell Middle School (GreatSchools Rating 4/10), Clare Middle School (GreatSchools Rating 5/10), Harrison Middle School (GreatSchools Rating 4/10), Clare Pioneer High School (GreatSchools Rating 4/10), Farwell High School (GreatSchools Rating 6/10), Clare High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $5,532 (source: MLS/based on county public records data).
The property at 7481 Five Lakes Dr has 6 bedrooms and 3 bathrooms.
The property 7481 Five Lakes Dr is 1,500 SqFt (source: MLS/tax record).
The year of construction for 7481 Five Lakes Dr is 2016.
This home is located at 7481 Five Lakes Dr in Farwell, MI and zip code 48622. This 1,500 square foot home, which was built in 2016, sits on a 1.00 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 7, 2025 and is currently priced at $569,000.
In June 2025, from all listings sold in Farwell, MI there were more than 1 sold above asking price, over 5 sold below and more than 4 were sold right at the asked price. The number of homes for sale in Farwell, MI increased by 43.8% between May and June 2025. The median list price of listings available in June 2025 was $210,000, while the average time on the real estate market was 37 days.