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Single Family ResidenceResidential
$305,253$153 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 93How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $215,000 on Nov 14, 2022

4981 ELM RUN

FARWELL, MI 48622
2
Baths
1,992 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.75 ac
Lot SizeThe size of the land the home sits on, from county records.
2000
Year BuiltThe year the home was originally built, according to county records.

Valuation

$305K
$283K low$328K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$215,000 · Nov 14, 2022
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$305,253
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$244,202

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,487 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$122,600 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$20,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$102,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$136,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$245,200

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.29
10
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
19
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
51
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
61
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
4
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.7 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyCLARE
Lot (acres)The size of the land the home sits on, from county records.0.75
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Farwell Elementary SchoolC
Elementary · Grades KG–3 · 5.5 mi
H
Farwell High SchoolB
High · Grades 8–12 · 5.6 mi
M
Farwell Middle SchoolC-
Middle · Grades 4–7 · 5.6 mi

District: Farwell Area Schools

Neighborhood · ZIP 48622These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.109
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.92
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.12

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.76%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.11%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.5,777
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.66 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$58,410
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$69,344
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.50%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

4981 Elm Run measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 90% of homes in Farwell 48622
  • Bigger than 93% of homes in Clare County
  • Newer than 86% of homes in Clare County

What homes are worth in Farwell 48622

Each bar is how many homes fall in that price range. The marker is this home.

This home
$59K$443K

This home is worth more than 90% of homes in Farwell 48622.

How it measures up in Farwell 48622

The dot is this home. The mark in the middle is the typical home in Farwell 48622.

Estimated value$305,253
CheaperTypical $181,767Pricier

Pricier than 90% of homes nearby

Price per ft²$153
CheaperTypical $145Pricier

Pricier than 56% of homes nearby

Living area1,992 ft²
SmallerTypical 1,236 ft²Bigger

Bigger than 90% of homes nearby

Lot size0.75 ac
SmallerTypical 1 acBigger

Bigger than 39% of homes nearby

Year built2000
OlderTypical 1980Newer

Newer than 81% of homes nearby

How 4981 Elm Run ranks against every home in each area.
MeasureThis homeFarwell 48622Clare County
Estimated valuepricier than$305,25390% of homes88% of homes
Price per ft²pricier than$15356% of homes52% of homes
Living areabigger than1,992 ft²90% of homes93% of homes
Lot sizebigger than0.75 ac39% of homes57% of homes
Year builtnewer than200081% of homes86% of homes

About 4981 Elm Run

How much is 4981 Elm Run, Farwell, MI worth?

The TopHap Estimate for 4981 Elm Run, Farwell, MI is $305,253 as of Jul 14, 2026. The likely range is $282,820 to $327,686. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 4981 Elm Run, Farwell, MI last sell?

4981 Elm Run, Farwell, MI last sold on Nov 14, 2022 for $215,000, according to the county's recorded deed.

How big is 4981 Elm Run, Farwell, MI?

4981 Elm Run, Farwell, MI has 2 bathrooms, 1,992 square feet of living space and a 0.75-acre lot.

When was 4981 Elm Run, Farwell, MI built?

4981 Elm Run, Farwell, MI was built in 2000, making it 26 years old.

What schools serve 4981 Elm Run, Farwell, MI?

4981 Elm Run, Farwell, MI is assigned to Farwell Elementary School (elementary), rated C; Farwell High School (high), rated B; Farwell Middle School (middle), rated C-. All sit in Farwell Area Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4981 Elm Run, Farwell, MI compare to other homes in Farwell 48622?

Among the 3,460 homes in Farwell 48622, it is worth more than 90% of them ($305,253 against a typical $181,767), its price per square foot is higher than 56% of them ($153 against a typical $145), it is bigger than 90% of them (1,992 ft² against a typical 1,236 ft²), its lot is bigger than 39% of them (0.75 ac against a typical 1 ac) and it is newer than 81% of them (2000 against a typical 1980). Measured against all of Clare County, it is worth more than 88% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 4981 Elm Run, Farwell, MI?

The 2025 property tax bill for 4981 Elm Run, Farwell, MI was $3,487. The county assessed it at $122,600.

Closest homes

More homes in Farwell 48622

Assigned schools

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