7441 First Court Avenue
Gaylord, MI, 49735 $ 525,000
Bedrooms7 Baths3.1 Sq 5,086 Monthly Estimate*
$ 3,315
for $525,000 with 7 bedrooms and 3 full baths, 1 half bath. This 5,086 square foot home was built in 1874 on a lot size of 0.47.
Step into a remarkable piece of Northern Michigan history with this one-of-a-kind property, rich in heritage, character, & charm. Once serving as Otsego County's original courthouse, the building later became Reid's Inn, then the Poplar Inn, & most recently the Otsego Lake Inn. Today, this historic landmark is a private residence ready for its next chapter. Offering more than 5,000+ SQFT of living space, the home features 7 bedrooms, 3 full bathrooms, & 1 half bathroom. Several bedrooms provide access to the expansive second-floor enclosed sleeping porch spanning the front of the home. Generous gathering spaces include a grand game room, stately reception parlor, & formal dining room with seating for up to 16. The spacious kitchen offers abundant cabinet & counter space, a breakfast nook, & a butler's pantry. Multiple porches & verandas provide inviting spaces to relax & enjoy the peaceful surroundings. Outdoors, enjoy a full-size hot tub ideal for evenings under the stars, along with an outdoor shower area. The home sits on just under half an acre & includes an additional 1.23-acre wooded parcel, offering added privacy & space to explore. Located 3 blocks from Otsego State Park & boat launch & near the Iron Belle Trail & main Otsego snowmobile trail, this property offers year-round access to Northern Michigan recreation. During the warmer months, enjoy the renowned Gaylord Golf Mecca & its numerous championship golf courses, while winter brings nearby downhill & cross-country skiing opportunities. The seller has completed extensive work throughout the years, including updates to the plumbing, electrical, & HVAC systems, while preserving much of the home's original character. Many of the doors, windows, trim, flooring, cabinetry, & mouldings remain original. Select furniture & antiques may also be included in the sale, providing an opportunity to further preserve the history & unique character of this extraordinary property. Schedule a showing today! BTVAI
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FeaturesGeneralSewer SepticTank
Heating ForcedAir NaturalGas Wood
Cooling CeilingFans
Possession Negotiable
Appliances Dishwasher FreeStandingElectricRange FreeStandingRefrigerator
Garage Spaces 0.0
Patio/Porch Features Covered Porch
Architectural Style Colonial
Pool Features None
Construction Materials WoodSiding
Pets Allowed Yes
Year Built 1874
Levels Two
Property Subtype SingleFamilyResidence
Waterfront Features AllSportsLake LakePrivileges
County Otsego
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name OTSEGO LAKE VILLAGE
Garage Y/N N
Other Structures Sheds
Total Rooms 15
Full Baths 3
Status Active
Directions County Rd F 38/Marcelona Rd
City GaylordCity_Otsego
Body of Water Otsego Lake
Disclosures NoRestrictions TaxesHomesteadExempt
Entry Location GroundLevelwSteps
Senior Community Y/N N
High School District Gaylord
MLS Area Area69081OtsegoLakeTwp
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1536.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 66875
Expected Active Date 2026-08-25
Legal Description LOTS 6 & 7 BLK 12 OTSEGO LAKE
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ExteriorExterior Amenities Balcony SpaHottub
Parking Features NoGarage
Lot Features WaterView
Water Source Well
Foundation Details MichiganBasement
Spa N
Lot Dimensions 154x137x137x153
Lot Size Acres 0.47
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFurnished Y/N Negotiable
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5086.0
Half Baths 1
Total Bedrooms 7
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,315
- Monthly Property Taxes
- $128
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Gaylord, MI
Average List Price $707,829
Percent of Sale Price 35%
About Gaylord, MI 4,302 Population
3% Since 2002
$ 40,618 Median Income
38.79 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
848454 Elementary School
848464 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/25/2026 | $525,000 | | Listed Price |