For Sale

9523-25 Terry Street, Lake, MI 48632

$325,000

MLS # 26002792 (Michigan Regional Information Center (MichRIC))

4 beds2 baths1,084 sqftBuilt 19200.28 acres

9523-25 Terry Street, Lake, MI 48632 — front exterior

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Listing Description

Here is one for the savvy shopper, it is a waterfront BOGO or 2fer. Two cottages on the beach each with rental history. This property has a great peninsula view of Perch Lake with over 200ft of waterfrontage. Both have had recent updates including a new deck, flooring, kitchen and shower in the larger cabin, the smaller cabin has central air and a fireplace Both have spectacular views with walls of windows facing the lake. Step out onto the sandy beach ready for swimming or onto the new dock and and take your boat out. One for you and one for a friend or stay in one rent the other or rent both, the options are endless. Great recreation area with a short walk to Lake Station for ice cream or a trip to the General Store. The Pere Marquette rail to trail is a 1/4 mile away for all season hiking, biking or snowmobiling

Source: SparkMLS

About this home

This 4-bedroom, 2-bath, 1,084 sq ft home built in 1920 sits in Lake.

Listed at $325,000 (about $300/sq ft).

Annual property taxes run approximately $2,760 ($230/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.

Broadband is available with download speeds up to 1,000 Mbps from 7 providers. Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.

Listing Property Details

Property TypeResidential

Property SubtypeSingle Family Residence

Bedrooms4

Bathrooms2

Living Area1,084 sqft

Lot Size0.28 acres

Year Built1920

Stories1

Location

CityLake

MunicipalityGarfield Twp

Zip Code48632

CountyClare

School DistrictFarwell

Construction & Systems

StyleCabin

ConstructionAluminum Siding, Wood Siding

BasementCrawl Space, Slab

HeatingForced Air

WaterWell

SewerSeptic Tank

UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected

InteriorBroadband, Eat-in Kitchen

Sale & Financing

Listed1/22/2026

Terms AcceptedCash, Conventional

Source: SparkMLS

Tax Information

Annual Tax$2,760

Tax Year2025

Assessed Value$87,200

Parcel #01325901003

Source: SparkMLS

Legal Description

T17N R6W SEC 23 . LOT 3 & LOT 2 EXC BEG AT NE COR OF LOT 2 TH S00 DEG 27'06''E ALG LOT L OF LOT 2 BLK 10 157.44 FT FOR POB TH S 10.50 FT TH N79 DEG 44'35''W 53.09 FT TH NO DEG 16'E 80.26 FT TH S 33 DEG 15'34''E 94.73 FT TO POB IN INTER LAKE RESORT FROM 010-02

Property Records

FEMA Flood Zone: Zone X — Minimal flood risk

Source: FEMA NFHL

USDA Rural Development: Eligible — 0% Down Payment Available

Verify eligibility at USDA

Listed by Anita Boven

Century 21 Signature Realty

Frequently Asked Questions about 9523-25 Terry Street, Lake, MI 48632

What school district is 9523-25 Terry Street, Lake, MI 48632 in?

Per MLS# 26002792, this property is served by Farwell. In Michigan, school district boundaries are set by the state and do not always follow city limits.

Can I use FHA or VA financing for this property?

Per MLS# 26002792, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.

How much are property taxes for this home?

Per MLS# 26002792, the most recent reported annual property tax for 9523-25 Terry Street, Lake, MI 48632 is $2,760 (2025). 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.

MI Property Tax Estimator

Is 9523-25 Terry Street, Lake, MI 48632 eligible for USDA financing?

Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.

USDA Eligibility Map

What is the FEMA flood zone designation for this property?

Per FEMA's National Flood Hazard Layer, 9523-25 Terry Street, Lake, MI 48632 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.

FEMA Flood Map

Is fiber internet available at 9523-25 Terry Street, Lake, MI 48632?

Per FCC Broadband Data Collection filings, fiber internet is not currently available at 9523-25 Terry Street, Lake, MI 48632. The maximum advertised download speed is 1.0 Gbps. 7 internet providers serve this address. Confirm availability and speeds directly with providers.

FCC Broadband Map

Who are the utility providers for this property?

Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.

Consumers Energy Company DTE Gas Company MI Public Service Commission

How safe is this area?

For crime and public safety data, we recommend inquiring directly with the Garfield Twp police department or the Clare County sheriff's office.

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