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3771 N Colwood Rd, Caro, MI, 48723

--beds
6baths
4,536sqft
$749,000
$165price/sqft
$5,644/moest. monthly cost
$225,760/yrincome needed

About This Home

This treasured adult foster care home has been owned and operated by the same family that passionately founded it 40 years ago. They are now ready to transition ownership and are seeking the right successor to carry forward the exceptional standard of care and commitment that has defined the business for decades. Built on a legacy of compassionate, personalized care, Timberline Lodge has earned the trust of generations of families and enjoys a strong reputation in a highly sought-after setting. This custom stick-built Bavarian ranch offers an impressive 4,536 square feet of living space and is secluded on 9.39 wooded acres, providing stunning nature views from every angle. Outside, practicality meets convenience. A completed asphalt driveway leads to the home, complemented by a spacious 2,160-square-foot pole barn and multiple garden sheds, providing exceptional storage and workspace options throughout the property. The property offers 10 bedrooms and is licensed for up to 12 residents, with 2 additional rooms that can serve as offices or administrative space. It also includes 4 full bathrooms, 6 half bathrooms, and a finished walk-out basement that offers flexibility for additional office space or a separate living area. Attached to the back of the home, a 375-square-foot deck offers residents and staff a welcoming outdoor retreat to relax, gather, and enjoy the serenity of the wooded setting. To ensure year-round comfort and reliability, the property's mechanical systems have been thoughtfully designed and meticulously maintained. The home is served by two septic tanks and drain fields, with one located east of the residence and the other to the west. The primary heating and cooling system consist of a geothermal water-source heat pump that operates both the east and west furnace systems. For added efficiency and peace of mind, a backup boiler system is also in place to provide supplemental heating when needed. In the event of a power outage, a diesel-fueled whole-house generator provides backup power to the entire residence, while a dedicated Generac generator maintains operation of the fire suppression system, fire alarm system, and water wells. Exceptional business opportunities in such a peaceful, private, and well-established setting rarely come to market. This remarkable property reflects more than 40 years of thoughtful planning, dedicated stewardship, and strategic investment. Arrange your personal tour today and experience all this unique property has to offer.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

4/10
Schall Elementary SchoolGrades 3-56.2 mi
5/10
Caro Middle SchoolGrades 6-86.4 mi
7/10
Caro High SchoolGrades 9-126.4 mi

Construction

Condition

  • Year built: 1969

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Yes

Bedrooms & Bathrooms

  • Bathrooms: 6
  • Full bathrooms: 6

Heating & Cooling

  • Heating features: Other
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,536
  • Total interior livable area: 4,536 sqft

Property

Parking

  • Parking features: Other

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
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Strong Wind
Winter Weather
Hail
Ice Storm
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Tuscola County and Michigan

Severe Ice Storm
Winter Storm

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

MonthlyAnnual
Mortgage $3,787$45,444
Home Insurance *$683$8,196
Property Taxes $680$8,160
Electricity $494$5,937
Total$5,644$67,728
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$193,508/yr
40% on housing$169,320/yr
45% on housing$150,506/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 14.3%
14.3%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.3%
0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$165This listing

vs Other Active Listings

Avg $/sqft

ZIP 48723$96
Tuscola County$102

vs Homes Sold Last Month

Median $/sqft

ZIP 48723
Tuscola County$139

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

DateEventPrice
2026-06-07Listed for sale$749,000

For Sale by Agent

AgentDanielle Rolando
BrokerageOsentoski Realty

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