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Residential - Vacant LandResidential
$123,989
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 79How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $54,000 on Dec 14, 2010

7531 FIVE LAKES DR

FARWELL, MI 48622
0
Baths
1 ac
Lot SizeThe size of the land the home sits on, from county records.

Valuation

$124K
$98K low$150K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$54,000 · Dec 14, 2010

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$35 (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.$2,063 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$2,063
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$1,788
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$4,126

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.26
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
13
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
53
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
63
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.
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.Residential - Vacant Land
CountyCLARE
Lot (acres)The size of the land the home sits on, from county records.1.00
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.

M
Farwell Middle SchoolC-
Middle · Grades 4–7 · 3.9 mi
H
Farwell High SchoolC-
High · Grades 8–12 · 4.0 mi
E
Farwell Elementary SchoolD+
Elementary · Grades KG–3 · 4.0 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%

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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

7531 Five Lakes Dr 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 less than 74% of homes in Farwell 48622
  • Has a bigger lot than 66% 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
$50K$418K

This home is worth more than 26% 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$123,989
CheaperTypical $173,710Pricier

Pricier than 26% of homes nearby

Lot size1 ac
SmallerTypical 1 acBigger

Bigger than 57% of homes nearby

How 7531 Five Lakes Dr ranks against every home in each area.
MeasureThis homeFarwell 48622Clare County
Estimated valuepricier than$123,98926% of homes36% of homes
Lot sizebigger than1 ac57% of homes66% of homes

About 7531 Five Lakes Dr

How much is 7531 Five Lakes Dr, Farwell, MI worth?

The TopHap Estimate for 7531 Five Lakes Dr, Farwell, MI is $123,989 as of Sep 24, 2026. The likely range is $97,935 to $150,043. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7531 Five Lakes Dr, Farwell, MI last sell?

7531 Five Lakes Dr, Farwell, MI last sold on Dec 14, 2010 for $54,000, according to the county's recorded deed.

What schools serve 7531 Five Lakes Dr, Farwell, MI?

7531 Five Lakes Dr, Farwell, MI is assigned to Farwell Middle School (middle), rated C-; Farwell High School (high), rated C-; Farwell Elementary School (elementary), rated D+. All sit in Farwell Area Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7531 Five Lakes Dr, Farwell, MI compare to other homes in Farwell 48622?

Among the 3,460 homes in Farwell 48622, it is worth more than 26% of them ($123,989 against a typical $173,710) and its lot is bigger than 57% of them (1 ac against a typical 1 ac). Measured against all of Clare County, it is worth more than 36% 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 7531 Five Lakes Dr, Farwell, MI?

The 2025 property tax bill for 7531 Five Lakes Dr, Farwell, MI was $35. The county assessed it at $2,063.

More homes on Five Lakes Dr

Closest homes

More homes in Farwell 48622

Assigned schools

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