Listing Name: Sycamore Rd
Ready to Build: 0.82 Acres – Secluded MI Parcel with Maintained Roads
Size: 0.82 Acres
Discounted Cash Price: $6,495
Financing available!
Ask us how!
Usage: Recreational Residential
Location: Otsego, MI
Highlights
- Grand Rapids is less than 3 hours away!
- Call of the Wild Museum 26 min away!
Details
Discover your own peaceful retreat in the heart of Northern Michigan. Nestled on a spacious 0.82-acre parcel in Otsego, this gently sloping and beautifully wooded property offers a perfect canvas for your future getaway or year-round home. Camping and RV use permitted; the local HOA maintains the roads for you, ensuring year-round access without the maintenance hassle. Imagine building your dream cabin here, surrounded by nature, where you can truly escape the hustle and breathe in the fresh air.
You will find yourself in a fantastic location that strikes a balance between serene privacy and wonderful convenience. The property is just a short drive from the charming small towns of Lewiston and Gaylord, where you can find local shops and dining. For your everyday needs, a Shell gas station is only an eight-minute drive away. Outdoor adventure is always close by, with easy access to I-75 placing you within a comfortable drive of several major attractions, including the Call of the Wild Museum and the incredible SkyBridge Michigan.
This land presents a fantastic opportunity for recreation and building. The county zoning allows for single-family homes and accessory structures, giving you the freedom to create the perfect setup. Your annual property taxes are remarkably low, making this an affordable investment in your future.
This is more than just a piece of land; it’s a chance to own a slice of the Michigan lifestyle you’ve been dreaming about. Whether you’re envisioning a quiet place to hunt, a family gathering spot for all seasons, or a solid foundation for your new home, this property is ready for you to start your journey. Contact us today to make this Northern Michigan retreat your own.
Stats
Location (County, State): 0.82 Acres
Size: Otsego, MI
Annual Property Taxes:2024 Summer – $54.05 / 2024 Winter – $16.34
Zoning: Recreational Residential District (RR)
Disclosures
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)