2.88 acres overlooking beautiful lake!
Listing Name: Enchanted Dr
Size: 2.88 Acre
Discounted Cash Price: $7,495
Or you could get this property today for just $2,200!
Ask us how!
Usage: Recreation Residential
Location: near Frederic/Gaylord, Otsego County, MI
Highlights
- 2.88 wooded acres for a private northern Michigan retreat
- Across the street from Guthrie Lake for swimming, fishing and fun!
- Private parks, beaches, pools, and lake access
- Paved, county-maintained access on Enchanted Drive
- RR zoning supports single-family home with Modular or site-built home options
- Near Otsego Lake and Hartwick Pines parks for more activities!
Details
Set among mature northern Michigan woods, this combined 2.88-acre homesite opportunity overlooking Guthrie Lake on Enchanted Dr offers room for a private retreat while keeping lakes, trails, and year-round recreation close by! The property is part of the Guthrie Lakes / Enchanted Forest community, where owners can enjoy more than 90 acres of parks, Lakes, beaches, a clubhouse, pools, and other recreation facilities.
Zoned for single-family residence, allow site-built or BOCA modular construction and with paved, county-maintained road access and power reported at the road for added convenience, this is a great property to make your dream lake-side retreat!
Otsego Lake State Park, Hartwick Pines, Gaylord, and Grayling are all within an approximately 25-minute drive by car for more things to do if you ever get board!
Call or text 520-445-3288 to check availability and take the next step toward your northern Michigan retreat.
Otsego Lake in Otsego County, a nearby northern Michigan recreation destination.
Tall forest at Hartwick Pines State Park, approximately 16 minutes away from the property. Photo: Guettarda, CC BY-SA 4.0. Resized from the original.
The Au Sable River in Michigan, a regional outdoor-recreation setting associated with the Grayling area. Photo: RomanKahler, CC BY-SA 4.0. Resized from the original.
Downtown Gaylord, approximately 20 minutes from the property.
Stats
Size: Approximately 2.88 acres
County / State: Otsego County, Michigan
Location: 11464 Enchanted Dr, Frederic, MI 49733
GPS Center: 44.8657, -84.6163
Zoning: Recreation Residential (RR)
Possible Dwelling Path: Site-built or BOCA modular. 720-square-foot ground floor under current county RR standards, buyer to verify all applicable requirements.
Access: Paved, county-maintained “Enchanted Dr”
Utilities: Reported at road; buyer to verify connection and costs. Private well and septic required. No parcel-specific natural-gas confirmation; plan on propane unless verified otherwise.
Terrain / Flood / Wetlands: Wooded; approximately 1,250-1,330 feet elevation. No mapped features found in available screening sources; buyer to verify.
HOA / POA: Guthrie Lakes Enchanted Forest Property Owners Association. Approximately $445/year
Annual Taxes: Approximately $119.35
Regional Context: Closest small community: Waters, approximately 5.7 miles / 9 minutes. Nearby city: Gaylord, approximately 17.5 miles / 20 minutes. Nearby regional community: Grayling, approximately 21.1 miles / 23 minutes.
Disclosures
The parcel is wooded and sloped, with approximately 80 feet of elevation change in the available elevation model. The terrain may add privacy and visual interest, but the buyer should independently evaluate driveway grade, clearing, drainage, soils, foundation design, and buildable area.
Seller is offering to assign seller’s equitable interest in this real property.
Recorded restrictions prohibit camping and temporary living in RVs, tents, pop-up trailers, or similar equipment on an undeveloped lot, even though the county RR ordinance contains limited temporary-RV provisions.
Zoning allows site-built or BOCA modular homes, not HUD manufactured/mobile homes. Current county standards and recorded restrictions include minimum dwelling size, foundation, setback, design, tree-clearing, and approval requirements.
EFPOA approval is required before clearing or construction, and use of association amenities depends on dues, assessments, good-standing status, current hours, and rules.
Buyer is responsible for verifying all information with the County as to what can and can’t be done with the property. Buyer will need to work with the County to obtain the proper permits if needed. Buyer will also need to confirm the availability of any utilities.
Common Buying Options
Cash and Same as Cash
Get the best pricing with the Discounted Cash price. This always results in the least total amount paid!
On some properties, we are also able to offer the cash price with no interest if you are able to fully complete the purchase in 6 months or less. For this to work, we ask for 50% of the total cash price up front, and then you’ll have the following 5 months to pay the remaining 50% in whichever fashion works best for you (2 payments of 25% each, 5 payments of 10% each, 2 payments of 20% each and 1 of 10%, etc). The funds are held in escrow by a state licensed Title Agency until closing, so everyone is secure. Title will close the sale once the total purchase price has been paid.
Financing
Yes! WE DO offer seller financing!
Keep in mind that we are a small family business, we don’t pull a credit report and we don’t charge any origination or early payment fees… so we need to charge a somewhat higher interest rate and cannot offer the discounted cash price on seller financed sales. Our annual interest rate varies, but if you have other sources of financing we encourage you to investigate those options first because if you can bring outside financing, that will allow you to take advantage of the discounted cash price!
The down payment amount for most properties has been established at a level that allows for a traditional close – you will own the property at closing! The future monthly payments are secured by a Mortgage or Deed of Trust, depending on the state the property is in.
If the down payment required for a traditional close is a problem, on select properties we also offer a lease purchase option with a much lower up front cost. With this option, you don’t immediately own the property. However you will have the right to access and use it as vacant land, and you will be building credit monthly towards its eventual purchase.
The monthly payment amount and the number of payments are negotiable in either case! It will basically depend on how long will you need to complete the payoff.
Note that not all options are available on all properties.
Give us a call to find the terms that work best for you!
Option 1: Low Upfront Payment + Low Monthly, but longest terms (No rush! Get it done when you can, with a higher total amount paid)
Option 2: Low Upfront Payment + High Monthly, for mid duration terms (Get it done at a comfortable pace, with moderate total amount paid)
Option 3: High Upfront Payment + Mid Monthly, but shortest terms! (Get it done and over with quickly, with less total amount paid)