7481 Five Lakes Dr
Farwell, MI 48622
6 Beds
3 Baths
3,390 sqft (on 1 acre)
$390,000
Last Sold: Jun 5, 2026
10% below list $434K
$115/sqft
Est. Refi. Payment $2,510/mo*
$390,000
Last Sold: Jun 5, 2026
10% below list $434K
$115/sqft
Est. Refi. Payment $2,510/mo*
6 Beds
3 Baths
3,390 sqft
(on 1 acre)
Local Information
- Map ViewExplore the area around 7481 Five Lakes Dr.
- Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
- Shop & Eat
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
2016
Lot Size
1 acre
Living Area
3,390 sqft
Price/Sqft
$115/sqft
Parking
2 Car Garage
HOA
$11/Monthly
About this House
Over 3000 Square feet of finished home! 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.
7481 Five Lakes Dr, Farwell, MI 48622 is a 6 bedroom, 3 bathroom, 3,390 sqft single-family home built in 2016. It last sold for $390,000 on Jun 5, 2026 (10% below the $434,000 asking price). It is currently off market. The Trulia Estimate is $333,900, with a rent estimate of $1,800/month.
Home Details for 7481 Five Lakes Dr
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Interior Details Number of Rooms: 11Types of Rooms: Bedroom, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Dining Room, Kitchen |
Beds & Baths Number of Bedrooms: 6Main Level Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3Number of Bathrooms (main level): 2 |
Dimensions and Layout Living Area: 3390 Square Feet |
Heating & Cooling Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa No Fireplace |
Levels, Entrance, & Accessibility Stories: 1Levels: One |
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Exterior Home Features Foundation: BasementNo Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached |
Frontage Frontage Type: RoadNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
Farm & Range Frontage Length: 217 |
Finished Area Finished Area (above surface): 1500 Square FeetFinished Area (below surface): 1890 Square Feet |
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Cumulative Days on Market: 333 |
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Year Built Year Built: 2016 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch |
Building Construction Materials: Vinyl Siding |
Property Information Parcel Number: 01526029000 |
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Price List Price: $434,000Price Per Sqft: $115/sqft |
Status Change & Dates Off Market Date: Thu Jun 04 2026Possession Timing: Negotiable |
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MLS Status: Closed |
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Direction & Address City: FarwellCommunity: Five Lakes |
School Information Elementary School District: Farwell Area SchoolsJr High / Middle School District: Farwell Area SchoolsHigh School District: Farwell Area Schools |
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Building Area Building Area: 3390 Square Feet |
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Association for this Listing: Clare Gladwin Board of REALTORSHas an HOAHOA Fee: $130/Annually |
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Lot Area: 1 Acres |
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Special Conditions: Private |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional |
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BasementMls Number: 50180770Above Grade Unfinished Area: 1500Days In Mls: 333 |
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Source Internet Entire Listing Display |
Last check for updates: about 11 hours ago
Listed by SHANNON CHRISMAN, (989) 444-9725
HOMEWATERS - Gladwin
Bought with: NON MEMBER NON MEMBER, NONMEMBER
Originating MLS: Clare Gladwin Board of REALTORS
Source: MiRealSource, MLS#50180770
Price History for 7481 Five Lakes Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 06/10/2026 | $434,000 | Pending | MiRealSource #50180770 |
| 06/05/2026 | $390,000 | Sold | MiRealSource #50180770 |
| 04/01/2026 | $434,000 | PriceChange | MiRealSource #50180770 |
| 03/07/2026 | $439,000 | PriceChange | MiRealSource #50180770 |
| 02/25/2026 | $444,000 | PriceChange | MiRealSource #50180770 |
| 10/06/2025 | $449,000 | PriceChange | MiRealSource #50180770 |
| 09/16/2025 | $499,000 | PriceChange | MiRealSource #50180770 |
| 09/02/2025 | $529,000 | PriceChange | MiRealSource #50180770 |
| 08/09/2025 | $549,000 | PriceChange | MiRealSource #50180770 |
| 07/28/2025 | $569,000 | PriceChange | MiRealSource #50180770 |
| 07/18/2025 | $579,000 | PriceChange | MiRealSource #50180770 |
| 07/11/2025 | $599,000 | PriceChange | MiRealSource #50180770 |
| 07/07/2025 | $625,000 | Listed For Sale | MiRealSource #50180770 |
| 09/19/2014 | $75,000 | Sold | N/A |
Market trends in Farwell
Last updated June 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
34
9MoM
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $5,717 |
| Assessment | $347,086 |
Home facts updated by county records
Comparable Sales for 7481 Five Lakes Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.34 | Single-Family Home | $545,000 | 03/23/26 | 5 | 3 | 2,809 | |
0.05 | Single-Family Home | $225,000 | 08/14/25 | 3 | 1 | 1,440 | |
0.49 | Single-Family Home | $365,000 | 04/09/26 | 3 | 2 | 1,930 | |
0.34 | Single-Family Home | $310,500 | 08/21/25 | 3 | 1 | 945 | |
0.78 | Single-Family Home | $215,000 | 08/29/25 | 3 | 1.5 | 1,680 | |
0.29 | Single-Family Home | $300,000 | 05/15/26 | 3 | 2 | 1,260 | |
0.30 | Single-Family Home | $210,000 | 05/15/26 | 2 | 1 | 720 | |
0.76 | Single-Family Home | $86,000 | 07/02/26 | 2 | 1 | 816 | |
0.56 | Single-Family Home | $275,011 | 12/03/25 | 3 | 1 | 1,119 |
Nearby homes
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Assigned Schools
These are the assigned schools for 7481 Five Lakes Dr.
- Farwell Elementary School
- PK-3
- Public
- 314 Students
4/10GreatSchools RatingParent Rating AverageFarwell schools are now a joke from Last school year and from 2011 I've never had a problem till this year 2022- 2023 school year most of the staff don't care about the students or the parents thay also don't follow the ieps / state laws on that part thay discriminate agents people with special needs a++ to the teachers that I've had when I was in school and I've delt with in the past with my 2 boys I think wee need to go back to the principal we had last school year let's have a recap farwellParent Review3y ago - Farwell High School
- 8-12
- Public
- 316 Students
7/10GreatSchools RatingParent Rating AverageFarwell Highschool is an all around great school, they have certainly improved over recent years, although they do lack some skills when it comes to pricing, it costs $2 to even grab a second lunch?! There are 300 students and I've seen the staff throw away extra supplies which could have certainly fed another round of students. The special education availability is except though, they are willing to accommodate a student. The Teachers however are certainly a wide range as some tend to be FAR more strict than others with some tending to pick favorites while others are more relaxed but all around I would recommend this school highly as a senior here!Student Review1y ago - Farwell Middle School
- 4-7
- Public
- 283 Students
4/10GreatSchools RatingParent Rating AverageI don't like the learning because its not greatStudent Review1y ago 
Check out schools near 7481 Five Lakes Dr.
What Locals Say about Farwell
At least 13 Trulia users voted on each feature.
100 % Say yards are well-kept
94 % Say parking is easy
88 % Say car is needed
88 % Say it's dog friendly
83 % Say there's wildlife
79 % Say it's quiet
77 % Say they plan to stay for at least 5 years
71 % Say people would walk alone at night
60 % Say kids play outside
59 % Say neighbors are friendly
41 % Say there's holiday spirit
33 % Say it's walkable to grocery stores
29 % Say there are sidewalks
29 % Say streets are well-lit
28 % Say there are community events
24 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
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Apartments for Rent
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Off Market Homes Near 7481 Five Lakes Dr
- SOLDMAY 15, 2026Century 21 Signature Realty
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Source MLS: MiRealSource
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Copyright 2026 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. Click here for more information