For Sale
5242 Ostlund Drive, Hope, MI 48628
$478,000
MLS # 50208644 (MiRealSource)
0 beds1 bathBuilt 19494.5 acres
1 / 34
Listing Description
Motivated Sellers. Excited to Review ALL OFFERS! Dreaming on 5242 Ostlund Dr. in Hope, Michigan! Great potential for Dreams to come true on what is unquestionably the most desirable location on Wixom Lake. Located in Gladwin County on the east shore of Wixom Lake (Tittabawassee River) with mostly wooded lots, halfway between the Edenville Dam and the Estey Road bridge, with access via the terminus of a private paved drive off Middle Road. Whether you are admiring the gorgeous colors of Autumn, cozying up by the crackling fire watching the snow fall in Winter, or viewing the awe-inspiring sunsets year-round, you will enjoy the 180degree unobstructed view of the lake. The parcel consists of 8 contiguous lots from the original plats of the Ostlund and Pudlo Subdivisions. Since 1949, the parcel has been owned by a family which used the single level cabin and environs as a recreational retreat during the summer months. When the water returns the property boasts a magnificent sandy bottomed swimming area, 40 yards wide along over 500 feet of lake frontage, plus a docking facility with 4 ft. depth. The 4 ½ acre parcel is served with Consumers Energy electricity and has natural gas service available.
Source: SparkMLS
About this home
This 1-bath home built in 1949 sits in Hope.
Asking $478,000.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms0
Bathrooms1
Lot Size4.5 acres
Year Built1949
Location
CityHope
MunicipalityBillings Twp
Zip Code48628
CountyGladwin
School DistrictBeaverton
Construction & Systems
BasementSlab
Garage4 spaces
HeatingForced Air
SewerSeptic Tank
InteriorCeiling Fan(s)
Sale & Financing
Listed5/21/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Parcel #030-185-000-017-99
Source: SparkMLS
Legal Description
LOT:17-21 CITY/MUNI/TWP:BILLINGS TOWNSHIP 17 1E OSTLUND SUB LOTS 17-18-19-20-21-22. COMBINED ON 01/01/2023 FROM 030-185-000-017-01, 030-185-000-019-00; INTO 030-185-00
Property Records
FEMA Flood Zone: Zone A — 100-year floodplain (no base flood elevation)
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Robert Zientek
Century 21 Signature Realty Midland
Frequently Asked Questions about 5242 Ostlund Drive, Hope, MI 48628
Which school district serves 5242 Ostlund Drive, Hope, MI 48628?
Per MLS# 50208644, 5242 Ostlund Drive, Hope, MI 48628 is in the Beaverton boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Beaverton directly to confirm enrollment eligibility.
What financing options are available for 5242 Ostlund Drive, Hope, MI 48628?
Per MLS# 50208644, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5242 Ostlund Drive, Hope, MI 48628 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 5242 Ostlund Drive, Hope, MI 48628 in a flood zone?
Per FEMA flood maps, this property is designated as Zone A, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 5242 Ostlund Drive, Hope, MI 48628?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Septic Tank. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Billings Twp police department or the Gladwin County sheriff's office.
Loading map...
Mortgage Calculator
$
%
$
$
$
Monthly payment$3,100
Principal & interest$3,100
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5242 Ostlund Drive, Hope, MI 48628
View full property history →
Get email alerts for new listings near 5242 Ostlund Drive
We’ll notify you when new listings match your interests.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.