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115 Alley, Lake, MI 48632

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For Sale

$69,900

1 beds • 1 baths • 1,042 sqft

Estimated Payment

$ 359 /mo. †

6.65% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $67.08
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Welcome to this charming, well-maintained cottage in Lake, MI an ideal full-time residence or potential vacation rental. Nestled near the serene 55-acre Silver Lake, this home offers both beach and boat access for endless outdoor recreation. Boasting a spacious 1-bedroom, 1-bathroom layout, this cozy retreat provides everything you need for comfortable living. The eat-in kitchen is perfect for meals, while the inviting living room features a stunning cathedral ceiling that enhances the home s open and airy feel. Step outside to your private, fenced yard and enjoy the large paver patio, complete with an automatic awning perfect for BBQs or relaxing in the sun. With three garden sheds included, there s plenty of storage for all your outdoor gear. Appliances are included, making this property ready for you to move in and enjoy! Whether you re looking for a peaceful year-round residence or a vacation getaway with income potential, this cottage is the perfect choice. Don't miss the opportunity to own this affordable lake retreat!
MLS# 50169333

Courtesy Of Points North Realty LLC
2285 South M30, Gladwin, MI 48624
(989) 426-6069

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Patio
  • Appliances
    Dryer, Range, Refrigerator, Water - Softener
  • Architecture Style
    Conventional
  • Heating System
    Forced Air
  • Lot Size
    0.12 Acres
  • Rooms
    Kitchen, Living Room

Map and Directions

Directions to 115 Alley, Lake, MI 48632

Home seller CENTURY 21 Trophy Class

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CENTURY 21 Trophy Class

(616) 414-5420
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $359
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $359

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Farwell Elementary School

Grades KG-3 Public School

Farwell, MI 48622 7.6 miles
268 e ohio st

298 total students
15:1 Student teacher ratio

School Rating: C

School Details

Farwell Middle School

Grades 4-7 Public School

Farwell, MI 48622 7.8 miles
500 e ohio st

318 total students
19:1 Student teacher ratio

School Rating: C-

School Details

Farwell High School

Grades 8-12 Public School

Farwell, MI 48622 7.7 miles
399 e michigan st

347 total students
21:1 Student teacher ratio

School Rating: B

School Details
Other Nearby Schools Distance Type Grades School Rating
Farwell Timberland Alternative High School 5.5 miles Public 8-12 F

Farwell Timberland Alternative High School

Distance: 5.5 miles

Type Public

Grades: 8-12

F

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Lake, MI 48632

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Lake, MI 48632

This community’s employment is highest in the production occupations and administrative support industries. The area’s overall household expenses are above the national average.

82° July
Hottest Average Month
11° February
Coldest Average Month
2,757 Total Households in Area
2.5% Increase in population since the year 2010
20.7%
of households
have children
30 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Lake, MI 48632

Lake, MI 48632 has a population of 6,209 people in 2,757 households with a median age of 50.4 years old.

2.5%
Increase in population
since the year 2010
Population is Trending up
2,704
Total households as of 2010
2.1%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 50.4 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 93%
Hispanic 2%
Native American <1%
Other <1%
Black <1%
Asian <1%
The most prevalent ethnicity is White at 93%, followed by Hispanic at 2%, Native American at <1%, and Other at <1%.

Economics
for Lake, MI 48632

48 /sq mi
Population Density
$45,492 /yr
Median Household Income
$0
Median Sales Price
30 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 19% of the households.

Transportation to Work

  • Drive 91%
  • Work from Home 6%
  • Public Transit 2%
  • Walk or Bike 2%

Occupancy by Type

Owned 2,501 50%
Vacant 2,211 45%
Rented 257 5%

White vs Blue Collar Jobs







White Collar 59%
Blue Collar 41%

Family & Education Facts
for Lake, MI 48632

50.4 Median Age

Average Household Size

2.3
persons per
household

48.7%

Married Households

Community Population By Education

High School Graduate 41%
Some College 24%
Some High School 12%
Associates Degree 10%
Bachelors Degree 9%
Graduate Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 41.49% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
20.7% of households have children

Weather
for Lake, MI 48632

The weather for this area ranges from a high of 82° F in July to a low of 11° F in February

82° July
Hottest Average Month
11° February
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
11°
28°
Feb
11°
30°
Mar
19°
40°
Apr
31°
55°
May
42°
68°
Jun
51°
77°
Jul
55°
82°
Aug
54°
79°
Sep
46°
71°
Oct
37°
59°
Nov
28°
44°
Dec
17°
32°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Lake, MI 48632!
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Copyright © 2025 Clare Gladwin Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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