5040 Hemingway Lake Road, Marathon Township, MI 48464
Est. $2,516/mo with current taxes · · See the breakdown
About this home
Beautiful custom-built log home nestled on 8 private acres with a pond and a peaceful country setting. This unique 4-bedroom, 2.5-bath home offers approximately 2,300 sq. ft. plus an impressive 1,000 sq. ft. finished walkout basement. Soaring ceilings, a large deck overlooking the property, and quality custom features throughout give this home a warm, inviting feel. The spacious layout offers plenty of room for family and entertaining, while the walkout basement provides additional living and recreation space. Enjoy the privacy, wildlife and natural beauty that come with this exceptional 8-acre property. A truly special log home with the space, setting and character you've been looking for.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 23.34 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $349,900 |
| Beds | 3 |
| Baths | 2 full, 1 half |
| Square feet | 3,300 |
| Type | Single family residence |
| Subdivision | — |
| County | Lapeer |
| MLS # | 20261079546 |
| Listed | 2026-10-01 |
| Days on market | 30 |
| Year built | 2005 |
| Possession | 31–60 days after closing |
| Stories | 1.5 stories |
| Basement | Full, Partially finished, Walkout |
| Heating | Forced air, High-efficiency sealed combustion, Natural gas |
| Foundation | Basement, Poured |
| Garage spaces | 2.0 |
| Water / Sewer | Well / Septic |
| Fireplace | Yes |
| Pool | Above-ground |
| Parcel number | 01300801250 |
| Listing office | Realty Executives Main St LLC |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $91,038 | about $174,950 |
| Yearly property tax | $2,170 | about $4,083 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $1,913 a year more than this seller pays. The assessor's state equalized value (SEV) is $174,500. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Marathon Township's 2025 homestead rate of 23.34 mills and assumes you claim the homestead exemption. See Marathon Township's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-03T10:57+00:00; refreshed at least twice daily.