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547 Peterson Dr, Sanford, MI, 48657

3beds
2baths
1,944sqft
$320,000
$165price/sqft
$2,364/moest. monthly cost
$94,560/yrincome needed

About This Home

Peaceful on Peterson - Welcome to your next chapter, a beautifully refreshed modern home nestled on a private wooded lot with Sanford Lake access and NO lake assessment, granting you lakeside enjoyment without the added financial burden that typically accompanies waterfront living. Perfectly located within 10 minutes from Midland shopping and 20 minutes from the Downtown Midland fun; this striking three-bedroom, one-and-a-half-bathroom residence blends sleek contemporary architecture with thoughtful updates that make it genuinely move-in ready from day one. Step inside and you will immediately notice the brand-new flooring and fresh paint flowing seamlessly throughout every room, creating a clean and inviting atmosphere from the moment you cross through the striking new front door. The inviting living room anchors the home with a natural fireplace that adds warmth and character to everyday gatherings, while an additional family room provides even more space for relaxation or quality time with loved ones. The kitchen has been outfitted with new appliances installed in 2023, transforming meal preparation from a daily obligation into something you might actually look forward to. A versatile flex room offers a world of possibilities - whether you envision a home office, a dedicated workout studio, an additional bedroom, or a cozy four-seasons room perfect for soaking in those wooded views throughout every month of the year. The quality of the recent upgrades here truly speaks for itself. A brand-new roof, freshly painted exterior, and bold black gutters combine to deliver serious curb appeal alongside the kind of lasting durability that keeps maintenance worries at bay for years to come. This home was built with substance in mind, and the recent improvements only reinforce that solid foundation. Storage enthusiasts will be delighted to discover an abundance of attic space stretching above both the larger two-and-a-half-car attached garage and the entire home. Step outside and the private wooded lot continues to impress. A spacious deck and patio sit surrounded by mature trees, creating an ideal setting for entertaining friends, hosting weekend cookouts, or simply unwinding in the peaceful embrace of nature after a long day. Homes that combine this level of thoughtful craftsmanship, recent updates, and natural privacy in such a desirable neighborhood rarely linger on the market for long. Schedule your private showing today and discover firsthand what makes this property a truly unforgettable find.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

6/10
5/10

Construction

Condition

  • Year built: 1966

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Microwave,Range/Oven,Refrigerator,Washer,Gas Water Heater
  • Laundry features: First Floor Laundry,Laundry Room,Main Level

Basement

  • Basement: Crawl Space

Bathroom1

  • Level: Main
  • Area: 45

Bedroom1

  • Level: Main
  • Area: 204

Bedroom2

  • Level: Main
  • Area: 121

Bedroom3

  • Level: Main
  • Area: 121

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 120

Family Room

  • Level: Main
  • Area: 154

Features

  • Sound System,Eat-in Kitchen
  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,944

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,944
  • Total interior livable area: 1,944 sqft

Kitchen

  • Level: Main
  • Area: 308

Living Room

  • Level: Main
  • Area: 285

Property

Details

  • Parcel number: 08101440000500
  • Zoning description: Residential
  • Special condition: Private

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Waterfront features: Lake/River Access
  • Waterbody name: Sanford Lake
  • Frontage type: Road
  • Frontage length: 0

Lot

  • Lot size: 0.48 Acres
  • Features: Wooded,Cul-De-Sac
  • Lot size dimensions: Irregular

Parking

  • Total spaces: 2.5
  • Parking features: Garage,Attached
  • Has garage: Yes
  • Attached garage spaces: 2.5
  • Covered spaces: 2.5

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
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Strong Wind
Winter Weather
Hail
Lightning
Tornado

FEMA Declared Disasters in Midland 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 $1,618$19,416
Home Insurance *$164$1,968
Property Taxes $370$4,440
Electricity $212$2,544
Total$2,364$28,368
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$81,051/yr
40% on housing$70,920/yr
45% on housing$63,040/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: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
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 48657$131
Midland County$154

vs Homes Sold Last Month

Median $/sqft

ZIP 48657$166
Midland County$140

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
2026-05-06Price change$345,000
2026-04-23Price change$355,000
2026-04-09Listed for sale$360,000
2023-07-20Sold$215,000

For Sale by Agent

AgentJennafer Tipton
BrokerageModern Realty

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