Enchanted Dr

Two-Lot Northern Michigan Basecamp Near Gaylord!

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

  • Two side-by-side wooded lots
  • 2.88 acres near Gaylord
  • RR recreation-residential zoning
  • Near lakes, golf, and trails
  • No mapped wetlands reported
  • No mapped flood zone reported
  • Limited travel-trailer use possible

Details

Stats

Location: Enchanted Dr near Frederic/Gaylord, Otsego County, Michigan

Acreage: 2.88 acres total across two side-by-side lots

Zoning: RR, Recreation Residential

Primary residential use: One single-family dwelling is listed as a principal permitted RR use

Temporary travel-trailer use: Limited use may be possible under county rules; buyer to verify

Access: Enchanted Dr access is indicated for the reviewed parcel

Utilities: Seller reports power may be available nearby; hookups, provider, and costs must be verified

Water / sewer: No confirmed municipal water or sewer; well and onsite sewage approvals require HDNW review

Flood / wetlands: No mapped flood zone or wetlands reported for the reviewed parcel

Terrain: Wooded terrain with gentle/slight to moderate slope and a small steep portion reported

Subdivision: Enchanted Forest No. 2 / Enchanted Forest Subdivision

Annual tax value: Supplied base-tax value is 54; current tax bill, fees, and title status must be verified

Nearby context: Frederic, Gaylord, Grayling, Otsego Lake State Park, Treetops Resort, and Boyne Mountain region

Disclosures

Seller is offering to assign seller’s equitable interest in this real property.Location (County, State):

HOA/community status, dues, rules, pool access, lake access, and amenities were not verified and should not be assumed.

Water, sewer, septic feasibility, power service, line location, meters, taps, and connection costs must be verified with the proper health department, county, and utility providers.

The reviewed parcel shows very limited septic absorption conditions; buyers should not assume the land is ready to build without site evaluation and permits.

Limited travel-trailer use may be possible only under Otsego County ordinance, sanitary requirements, and buyer verification; this is not an open-ended RV-living claim.

Manufactured or mobile-home eligibility in RR zoning was not confirmed.

Terrain includes slope, which may add character and views but can affect driveway, septic, and building plans.

Property boundaries, colored map lines, imagery, access points, and map pins are approximate and are not a survey.Zoning:

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

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.


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)