3715 Lum RD, Arcadia Township, MI 48412
Price cut $24,000 since it was listed at $399,000
Est. $2,582/mo with current taxes · · See the breakdown
About this home
Discover the perfect blend of country living and outdoor recreation on this beautiful 25-acre property. The front half features mature woods, abundant wildlife, and a picturesque creek, making it ideal for hunting, hiking, or simply enjoying nature. The back half offers fertile, farmable fields currently leased to a local farmer on a year-to-year agreement, giving you flexibility to continue or discontinue the arrangement. Included on the property is an older three-bedroom farmhouse. Seller is willing to give 25,000 cash back to fix up home at closing. It will need some updating, it was occupied by the same renter for the past 20 years and is now vacant and ready for its next chapter. The seller has limited knowledge of the home's condition, as it has been tenant-occupied for over two decades-making this an excellent opportunity for those seeking a fixer-upper, rental investment, or a place to live while enjoying the land. Whether you're looking to farm, hunt, build, or renovate, this versatile property offers endless possibilities and plenty of natural beauty.
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 23.47 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 | $375,000 |
| Original price | $399,000 |
| Price cut | −$24,000 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 2,098 |
| Type | Single family residence |
| Subdivision | NONE |
| County | Lapeer |
| MLS # | 58050194248 |
| Listed | 2025-11-13 |
| Days on market | 349 |
| Year built | 1880 |
| Possession | At closing |
| Stories | 1.5 stories |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Michigan basement |
| Water / Sewer | Well / Septic |
| Parcel number | 00202000500 |
| Listing office | USA #1 Realty LLC |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $60,200 | about $187,500 |
| Yearly property tax | $1,132 | about $4,401 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $3,269 a year more than this seller pays. The assessor's state equalized value (SEV) is $60,200. 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 Arcadia Township's 2025 homestead rate of 23.47 mills and assumes you claim the homestead exemption. See Arcadia Township's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and MiRealSource, ©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 2026-11-03T21:03+00:00; refreshed at least twice daily.