- 1
- baths
- 960
- sqft
- 1949
- year built
- Status:
- Active
- MLS #:
- 50208644
- Listed By:
- Robert Zientek - Century 21 Signature Realty Midland
- Agent Phone:
- (989) 506-5635
- Agent Email:
- rzientek@c21signature.net
Sponsoring Broker: Shawna Alt, First Weber
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.
Highlights
- Residential
- Single Family Residence
- Built in 1949
- 4.5 Acre Lot
- Waterfront
- 4 Car Garage
- 174 days on Market
-
- Bathrooms
- 1
-
- Year Built
- 1949
-
- Stories
- 1.0
-
- Architectural Style
- Ranch, Cottage
-
- Construction Materials
- Block
-
- Foundation
- Slab
-
- Garage Spaces
- 4.0
-
- Parking Features
- Paved, Detached
-
- Living Area
- 960.0
-
- Cooling
- Ceiling Fan(s)
-
- Heating
- Forced Air, Electric, Propane
-
- Acres
- 4.5
-
- Water Front Features
- Lake, Waterfront, Canal Front
-
- Water Front
- Yes
-
- View
- Water
-
- Water
- Private, Well
-
- Area
- Billings Twp (26003)
-
- County
- Gladwin
-
- City
- Hope
-
- Neighborhood
- N/A
-
- Zip Code
- 48628
-
Nearby Schools
-
51out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Estimated Value
$392,103
$274,472 - $509,733
Source: Constellation Data Labs
Price History
| Off Market | — | |
| Source: Realcomp #61050160513 | ||
| 05/22/2026 | Listed | $478,000 |
| Source: MiRealSource #50208644 | ||
| 11/07/2024 | Off Market | — |
| Source: Realcomp #61050160513 | ||
| 11/06/2024 | Off Market | — |
| Source: MiRealSource #50160513 | ||
Source: MLS Data
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Similar Listings
Look Throughout Hope
There are currently 25 properties available in Hope, with 1 under contract to close soon. Properties in the city have an average sale price of $399,146 and typically spend 73 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 5242 Ostlund Dr?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 5242 Ostlund Dr.
They know residentials in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 5242 Ostlund Dr?
Click Ask a Question to talk with our team. You already know it is a N/A bed, 1 bath, listed for $478,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Hope, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 5242 Ostlund Dr?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 5242 Ostlund Dr at around $3,231. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 5242 Ostlund Dr?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Gladwin County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 5242 Ostlund Dr?
In most cases, yes. Whether 5242 Ostlund Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Hope's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 5242 Ostlund Dr?
We can handle that for you. Our preferred local agent specializes in residentials in Hope and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $478,000 with 960 sqft of space—that comes out to approximately $498 per square foot.
How long has this property been on the market?
5242 Ostlund Dr was listed on May 22, 2026, which means it's been on the market for 174 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1949, making it approximately 77 years old.
What is the lot size of this property?
5242 Ostlund Dr sits on a 4.5-acre lot, which is 196,020 square feet.
What are the property taxes for 5242 Ostlund Dr?
The most recent public record shows annual property taxes for 5242 Ostlund Dr were approximately $6,132. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 5242 Ostlund Dr still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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