5242 Ostlund Drive Hope, MI $ 478,000
5242 Ostlund Drive
$ 478,000
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5242 Ostlund Drive

Hope, MI, 48628
$ 478,000
Baths1.0 Sq 960

Monthly Estimate*

$ 2,943

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Studio

Single Family Home for sale in Hope, MI

for $478,000 with 1 full bath. This 960 square foot home was built in 1949 on a lot size of 4.5.

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.

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Single Family Active

Price

$ 478,000

Bedrooms

Studio

Full Bath

1

Property Type

Single Family

Taxes

$ 6,131

Style

Ranch,Cottage

Lot Size

4.5

Year Built

1949

Town/City

Hope

County/Region

Midland

MLS | Web ID

50208644

Features
General
Heating Forced Air
Cooling Ceiling Fan(s)
Possession At Close
Fireplaces Grt Rm Fireplace
Garage Detached Garage
Water Private Well
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1949
Subdivision N/A
Style Ranch Cottage
County Gladwin
Class RESIDENTIAL
Type Single Family
Ownership Private
Municipality Billings Twp
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 1 Story
Area Billings Twp (26003)
City Hope
School District Beaverton Rural Schools
Financial Terms Cash Conventional FHA VA
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
DOM 22
Price Per Sq Ft Total AG 497.92
Public Remarks Motivated Sellers. Excited to Review ALL OFFERS! Dreaming on 5242 Ostlund Dr. in Hope
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Exterior
Exterior Cinder Block
Frontage 1000
Body of Water Wixom Lake
Lot Size Area 4.5
Pool (Y/N) No
Lot Dimensions 196 x 1 000
Water Features All Sports Lake Canal Frontage Sea Wall Water View Waterfront
Roads Paved Street
Waterfront Y/N Yes
Frontage Type Road
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Interior
Beds 0
Fireplace? Yes
Total Rooms 2
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* Excluded Features
List By
Robert Zientek

Listing Agent

Century 21 Signature Realty Midland

Broker

rzientek@c21signature.net

Email

Affordability Calculator

$3,454
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,943
Monthly Property Taxes
$511
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
1572066 Elementary School
1572331 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2026$478,000 Listed Price

Map


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5242 Ostlund Drive, Hope, MI, 48628 is a Single Family Home for sale at $478,000 with 960 sqft and a lot size of 4.5. 5242 Ostlund Drive is a studio with 1.0 baths and was built in 1949. The property's zip code is 48628 which is in Hope, MI