tomo logo

$599,900

Beds
7
Baths
3.5
sq ft
5,086

7441 First Court Ave, Gaylord, MI 49735

7441 First Court Ave

Otsego Lake Twp, MI 49735

  • 105 days on market
    • Price drop $50,000↓
Step back in time with this extraordinary turn-of-the-century gem, originally the first courthouse of Otsego County. This historic property, rich in heritage and charm, is now available for the first time in years-a rare opportunity to bring your vision to life. Once serving as Otsego Countys original seat and courthouse, this remarkable building later became Reid's Inn, then the Poplar Inn, and most recently, the Otsego Lake Inn. Today, it stands as a private home, beloved for hosting reunions, receptions, and intimate gatherings. Boasting seven bedrooms several of which have access to the second floor enclosed sleeping porch, and four well-appointed bathrooms. This expansive home also features a grand game room known as the Saloon, a formal dining room that comfortably seats 16, and a stately reception parlor. The kitchen, complete with a pantry, is designed for hosting in style, while the multiple porches and verandas invite you to relax and soak in the surroundings. The outdoor space is equally enchanting, with a full-sized hot tub perfect for stargazing and viewing the northern lights, as well as an outdoor shower area. Located just three blocks from the picturesque Otsego State Park, this property is ideally situated near the Iron-Belle biking trail and the main Otsego snowmobile trail, making it a haven for outdoor enthusiasts. In the warmer months, explore the Golf Mecca with over thirty courses nearby, and in winter, enjoy the areas premier skiing-both downhill and cross-country-where Mother Nature provides the best snow in the lower peninsula. This remarkable home, sitting on just under half an acre, includes an additional 1.23-acre wooded parcel, offering even more potential for expansion or privacy. Zoned R-2, the property provides a myriad of possibilities for future use. Some furniture and antiques may be included in the sale, allowing you to preserve the historic charm and character that defines this unbelievable offering.

Details

Property type

Single Family Residence

Est. home value

$752,368

Lot size

1.70 acres

Price per sq ft

$118

Year built

1874

Annual property taxes

$1,373

Price History

11/09/2024
Realcomp

Realcomp #78080050422

Price change
$599,900
-7.69%
09/08/2024
Realcomp

Realcomp #78080050422

Listed
$649,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Gaylord

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Community Financial Credit Union

Loan start date

November 2013

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

4.5%

Loan type

Credit Line (Revolving), 30 year

Seller

Charles M Booth and Tracy O Booth

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
Realcomp
$679,900
3 bd
|
3 ba
|
2,520 sq ft
|
House

10546 N Twin Lake Rd NE, Mancelona, MI 49659

Status: Active

Tomo last checked: 12/23/2024 at 11:15 AM

Listing updated: 12/01/2024 at 11:40 AM

Listed by: Kimberly A Kamrow, Keller Williams Northern Michi Phone #: (231) 633-1796

MLS: Realcomp #78080050422

Realcomp logo

Recently listed in Otsego Lake Twp

$599,900|7 bd|3.5 ba|House
$164,000|3 bd|1.0 ba|House