For Sale
642 Sharon Street, Gaylord, MI 49735
$365,000
MLS # 20261048661 (Realcomp)
5 beds2 baths2,162 sqftBuilt 19600.26 acres
1 / 45
Listing Description
Rare investment opportunity just steps from Wah Wah Soo Beach and beautiful Otsego Lake! This unique property features two separate residential units on one parcel, offering tremendous flexibility for investors, vacation homeowners, multi-generational living, or those seeking rental income in one of Gaylord's most desirable recreational areas. The first residence features 2 bedrooms, 1 bath, an open-concept layout, and a spacious 2-car attached garage. Elevated above the garage, the home offers comfortable living space with excellent natural light and a functional floor plan. The second residence offers 3 bedrooms and 1 bath, providing ample space for year-round living, guests, or rental opportunities. Located just a short walk from Wah Wah Soo Beach, one of Otsego Lake's most popular public access points, owners and guests can enjoy swimming, boating, fishing, paddleboarding, and all the recreational opportunities that make Northern Michigan so special. At the end of the street, residents enjoy access to a non-conforming dock on Otsego Lake. Outdoor recreation extends well beyond the lake. The property is conveniently located near the Iron Belle Trail, Michigan's premier hiking and biking trail system, as well as Trail 7, one of Northern Michigan's primary snowmobile corridors, offering four-season adventure right from your doorstep. With no known short-term rental restrictions, this property presents exciting income-producing potential. Whether utilized as long-term rentals, vacation rentals, owner-occupied housing with supplemental income, or a family retreat, the possibilities are endless. Both homes are serviced by a shared well, while each residence maintains its own septic system. Conveniently located just minutes from downtown Gaylord's shopping, dining, golf courses, skiing, and entertainment, this is an affordable opportunity to own a versatile income-producing property near one of Northern Michigan's premier all-sports lakes. Two homes. One parcel.
Source: SparkMLS
About this home
5-bedroom, 2-bath, 2,162 sq ft home in Gaylord built in 1960.
Asking $365,000 (about $169/sq ft).
Annual property taxes run approximately $3,288 ($274/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Great Lakes Energy Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms2
Living Area2,162 sqft
Lot Size0.26 acres
Year Built1960
Stories2
Location
CityGaylord
MunicipalityBagley Twp
Zip Code49735
CountyOtsego
School DistrictGaylord
Construction & Systems
ConstructionVinyl Siding
BasementWalk-Out Access, Partial
Garage2 spaces
HeatingForced Air
WaterWell
SewerSeptic Tank
InteriorBasement Partially Finished
Sale & Financing
Listed6/25/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,288
Parcel #01169000900900
Source: SparkMLS
Legal Description
LOTS 9-11, BLK 9. PLEASANT VIEW SEC 33 T30N R3W
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Dean Bach
@properties Christie's Int'l R.E. Birmingham
Frequently Asked Questions about 642 Sharon Street, Gaylord, MI 49735
Which school district serves 642 Sharon Street, Gaylord, MI 49735?
Per MLS# 20261048661, 642 Sharon Street, Gaylord, MI 49735 is in the Gaylord boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Gaylord directly to confirm enrollment eligibility.
What financing options are available for 642 Sharon Street, Gaylord, MI 49735?
Per MLS# 20261048661, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 642 Sharon Street, Gaylord, MI 49735?
Per public tax records, annual property taxes for this property are $3,288. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 642 Sharon Street, Gaylord, MI 49735 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.
What utilities serve 642 Sharon Street, Gaylord, MI 49735?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Gas: DTE Gas Company. Sewer: Septic Tank. Water: Well. 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 Bagley Twp police department or the Otsego County sheriff's office.
Map
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Monthly payment$2,367
Principal & interest$2,367
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Great Lakes Energy Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
642 Sharon Street, Gaylord, MI 49735
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