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

Cottage,Ranch

Lot Size

4.5

Year Built

1949

Town/City

Hope

County/Region

Midland

MLS | Web ID

61050208644

Features
General
Sewer SepticTank
Heating ForcedAir Propane
Cooling CeilingFans
Possession AtClose
Garage Spaces 4.0
Architectural Style Cottage Ranch
Pool Features None
Construction Materials Block
Year Built 1949
Levels One
Property Subtype SingleFamilyResidence
Tax Year 2023
Waterfront Features AllSportsLake CanalFront Seawall Waterfront
County Gladwin
New Construction N
Property Type Residential
Association Amenities BoatDock
HOA Y
Attached Garage N
Subdivision Name N/A
Garage Y/N Y
Total Rooms 2
Full Baths 1
Status Active
City BillingsTownship_Gladwin
Body of Water Wixom Lake
Disclosures SpecialAssessment TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Beaverton
Zoning Description Residential
MLS Area Area26141BillingsTwp
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 6131.76
Home Warranty Y/N N
Property Condition PlattedSub
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 119385
TaxOtherAnnualAssessmentAmount 63621.3
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
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Exterior
Parking Features FourCarGarage Detached
Lot Features DeadEndStreet WaterView SplitPossible
Water Source Well
Foundation Details Slab
Spa N
Lot Dimensions 196 x 1 000
Lot Size Acres 4.5
Road Surface Type Paved
Waterfront Y/N Y
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features GreatRoom
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 960.0
Below Grade Finished Area 0.0
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1
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Internal Only
Street Number 1 5242
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* Excluded Features
List By
Robert Zientek

Listing Agent

Century 21 Signature Realty Midland

Broker

(989) 506-5635

Phone

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
848090 Elementary School
848098 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