2498 W Five Mile Rd, Grayling, MI, 49738
About This Home
CABIN WITH 60.5 ACRES WITH STATE LAND ON 2 SIDES. POLE BARN 30 x 40 with electric. Hunters take delight in the trails throughout the property and 6-7 deer blinds, 1 tree stand and a ground blind Newly renovated cabin with fresh paint and new floor covering. 1 bedroom, 1 bath offers open kitchen, dining and living area plus a family room that can accomadate extra guest for sleeping quarters with a walkout patio door. L.P. Gas Payne Wall Furnace and a wood stove in the Family Room. Campfire pit in front yard.. 3 new vinyl windows in the Family Room. Seller has a new mini split they are planning on installing. Snowmobile and ATV trails closeby. Close to I-27 and I-75 for easy access and 10 minutes from Grayling downtown.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Foundation: Slab
Type & Style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range/Oven,Refrigerator
- Laundry features: None
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Door features: Doorwall
- Window features: Blinds
- Finished area above ground: 845
Heating
- Heating features: Propane,Wall Furnace,Wood Stove
Interior Area
- Total structure area: 845
- Total interior livable area: 845 sqft
Master Bedroom
- Level: First
Property
Details
- Parcel number: 05000301402000
- Other equipment: Satellite Dish
Features
- Frontage type: None
Lot
- Lot size: 60.50 Acres
- Features: Adj State/Federal Ld,Natural
- Lot size dimensions: 60.5
Parking
- Parking features: RV Access/Parking,Garage Door Opener
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Lightning
- Cold Wave
- Strong Wind
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Crawford County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,643 | $19,716 |
| Home Insurance * | $148 | $1,776 |
| Property Taxes | $541 | $6,492 |
| Electricity | $188 | $2,259 |
| Total | $2,520 | $30,240 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Listed for sale | $350,000 |
| 2026-02-01 | Listing removed | $375,000 |
| 2025-10-28 | Price change | $375,000 |
| 2025-07-25 | Price change | $395,000 |
| 2025-07-03 | Listed for sale | $425,000 |
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