4539 Anderson Blvd, Silverwood, MI, 48760
About This Home
This isn’t the polished million-dollar lake house — it’s the affordable chance to create one your way. Opportunity knocks on all-sports Shay Lake, a classic summer getaway destination since the 1950s, located less than two hours from Detroit. Three lots totaling approximately half an acre are included, featuring a separate lakefront lot with a 12x28 shed complete with electricity. The double house lot offers canal frontage and a 1,100 sq ft ranch already prepped for renovation, with much of the interior demo work completed so you can bring your own vision to life faster. The home features an updated bathroom, vaulted ceilings, fireplace, artisan well for a reliable water supply, and is currently configured as a two-bedroom. Whether you’re dreaming of a cozy lake retreat, year-round residence, or investment opportunity, this property offers the flexibility and value that’s becoming harder to find on all-sports lakes. During renovations, enjoy using the lakefront lot for camping, storage, bonfires, and summer fun while taking advantage of everything Shay Lake has to offer — boating, fishing, kayaking, and that classic up-north lake lifestyle buyers are always searching for. Bring your creativity, your toolbox, and your vision — the possibilities here are wide open.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Foundation: Block,Crawl Space
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Bedroom
- Level: Entry
- Area: 120
- Dimensions: 10 X 12
Bedroom
- Level: Entry
- Area: 110
- Dimensions: 10 X 11
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: Entry
- Area: 132
- Dimensions: 11 X 12
Family Room
- Level: Entry
- Area: 238
- Dimensions: 17 X 14
Features
- Fireplace features: Gas
- Fireplace: Yes
- Finished area above ground: 1,116
Heating & Cooling
- Heating features: Forced Air,Propane
- Cooling features: Ceiling Fans
Interior Area
- Total interior livable area: 1,116 sqft
Kitchen
- Level: Entry
- Area: 108
- Dimensions: 9 X 12
Living Room
- Level: Entry
- Area: 288
- Dimensions: 24 X 12
Other
- Level: Entry
- Area: 40
- Dimensions: 5 X 8
Property
Details
- Parcel number: 005014550320000
- Special condition: Short Sale No,Standard
Features
- Levels: One
- Stories: 1
- Entry location: GroundLevelwSteps
- Pool features: None
- Patio & porch: Porch
- On waterfront: Yes
- Waterfront features: All Sports Lake,Canal Front,Direct Water Frontage,Lake Privileges,Waterfront
- Waterbody name: Shay Lake
Lot
- Lot size: 0.45 Acres
- Features: Vacation Home
- Lot size dimensions: 100 x 133
Parking
- Parking features: No Garage
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
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
- Hail
- Ice Storm
- Lightning
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Tuscola 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 | $500 | $6,000 |
| Home Insurance * | $141 | $1,692 |
| Property Taxes | $89 | $1,068 |
| Electricity | $188 | $2,259 |
| Total | $918 | $11,016 |
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 |
|---|---|---|
| 2026-05-09 | Listed for sale | $99,000 |
| 2011-08-19 | Sold | $18,000 |
View on Zillow