$304,300
6 Beds
3 Baths
3,390 sqft (on 1 acre)
7481 Five Lakes Dr, Farwell, MI 48622
Est. Refi. Payment $2,048/mo*
Refinance Your HomeCurrently Off Market - Sold Jun 5, 2026 for $390,000 (10% below list price)
Home Value
Trulia Estimate
$304KSince last month
Decreased$47K (-13.3%)Since last year
Decreased$36K (-10.5%)Since last sale
Decreased$86K (-22%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +1,056% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $304K |
| August 2026 | $310K |
| July 2026 | $351K |
| June 2026 | $338K |
| May 2026 | $344K |
| April 2026 | $353K |
| March 2026 | $345K |
| February 2026 | $326K |
| January 2026 | $332K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.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 | |
0.49 | Single-Family Home | $365,000 | 04/09/26 | 3 | 2 | 1,930 | |
0.28 | Single-Family Home | $280,000 | 08/17/26 | 2 | 1 | 1,056 | |
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 | |
2.04 | Single-Family Home | $80,000 | 09/29/25 | 4 | 2.5 | 2,927 | |
2.16 | Single-Family Home | $198,000 | 10/29/25 | 3 | 2 | 1,720 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.05 | - | 3 | 1 | 1,440 | Off Market | |
0.10 | $292,300 | 3 | 2 | 1,732 | Off Market | |
0.22 | - | 4 | 3.5 | 5,100 | Off Market | |
0.27 | $12,000 | - | - | - | Off Market | |
0.29 | $300,000 | 3 | 2 | 1,260 | Recently Sold | |
0.28 | $280,000 | 2 | 1 | 1,056 | Recently Sold | |
0.30 | $210,000 | 2 | 1 | 720 | Recently Sold | |
0.34 | $545,000 | 5 | 3 | 2,809 | Recently Sold | |
0.33 | $382,800 | 4 | 2 | 2,160 | Off Market | |
0.34 | $200,400 | 2 | 1.5 | 996 | Off Market | |
0.34 | $320,000 | 3 | 1 | 945 | Off Market |
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
Single-Family Home
Built in 2016
1 acre lot
3,390 sqft
$115/sqft
2 Car Garage
HOA $11/mo
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). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $304,300, with a rent estimate of $1,652/month.
Last check for updates: about 4 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
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 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 10, 2026 Source: MiRealSource #50180770 | Pending | $434,000 |
Jun 5, 2026 Source: MiRealSource #50180770 | Sold | $390,000 |
Apr 1, 2026 Source: MiRealSource #50180770 | PriceChange | $434,000 Price decreased by 1% |
Mar 7, 2026 Source: MiRealSource #50180770 | PriceChange | $439,000 Price decreased by 1% |
Feb 25, 2026 Source: MiRealSource #50180770 | PriceChange | $444,000 Price decreased by 1% |
Oct 6, 2025 Source: MiRealSource #50180770 | PriceChange | $449,000 Price decreased by 10% |
Sep 16, 2025 Source: MiRealSource #50180770 | PriceChange | $499,000 Price decreased by 6% |
Sep 2, 2025 Source: MiRealSource #50180770 | PriceChange | $529,000 Price decreased by 4% |
Aug 9, 2025 Source: MiRealSource #50180770 | PriceChange | $549,000 Price decreased by 4% |
Jul 28, 2025 Source: MiRealSource #50180770 | PriceChange | $569,000 Price decreased by 2% |
Jul 18, 2025 Source: MiRealSource #50180770 | PriceChange | $579,000 Price decreased by 3% |
Jul 11, 2025 Source: MiRealSource #50180770 | PriceChange | $599,000 Price decreased by 4% |
Jul 7, 2025 Source: MiRealSource #50180770 | Listed For Sale | $625,000 |
Sep 19, 2014 Source: N/A | Sold | $75,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $5,717 | $347,086 |
Home facts updated by county records
Market trends in Farwell
Last updated August 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
38
8MoM
Around this home
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
58 % 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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Source MLS: MiRealSource
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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
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
Frequently asked questions about 7481 Five Lakes Dr
- What is 7481 Five Lakes Dr estimated to be worth?Trulia's estimated value for 7481 Five Lakes Dr in Farwell, MI is $304,300.
- What is the price history for 7481 Five Lakes Dr?7481 Five Lakes Dr in Farwell, MI last sold for $390,000 in June 2026.
- Is Farwell a buyer's or seller's market?Farwell is currently a buyer's market, based on recent for-sale activity.
- What do residents say about Farwell?Residents describe Farwell, MI as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See recently sold homes in Farwell, MI.
- Does 7481 Five Lakes Dr have air conditioning?Yes, 7481 Five Lakes Dr in Farwell, MI has air conditioning.
- How big is the lot at 7481 Five Lakes Dr?The lot at 7481 Five Lakes Dr in Farwell, MI is about 1 acre.
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