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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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4233 N Pheasant Rd , Lincoln, MI 48742
$89,900
Est. Payment: $462.94/mo
3 Bed
2 Bath
1400 Sqft
Status: active | Days on site: 30
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House Description

Cottage with incredible upside—sold as-is. If you are looking for a project with great bones and immediate equity potential, this is it. Remediation from a past plumbing leak has already begun with partial drywall removed, giving you a head start on a clean slate for renovations. Check out the AI-generated design rendering in the photo section of this listing, to visualize the massive potential of this footprint. Key features include a rustic exterior aesthetic, a spacious primary bedroom, a natural fireplace, two full baths, and generous outdoor decking. Perfect for a rehab loan, investor, or dedicated DIYer looking to customize their next Northern Michigan retreat. Exact year built unknown. Sale includes 3 lots on 2 parcel ID#'s. Come join the exceptional lifestyle so many enjoy at Lost Lake Woods Club. A private 10,000-acre recreational community offering championship golf, hunting, five lakes, extensive trail systems, equestrian facilities, shooting sports, tennis, pickleball, and more. Membership information can be found online at the Lost Lake Woods Club website or by calling the Clubhouse office. Per the Seller’s request, one club membership will transfer to the buyer at closing (subject to membership approval from Lost Lake Woods Club).

Highlights

Listed by Kay Pearson , Real Estate One , 248-625-0200. MichRIC

Property Type

Residential

Lot/Acreage
0.4

HOA Fee

220 Monthly

Year Built

9999

County

Alcona

Neighborhood

Alcona

School District

Alcona

Listing ID

20261049931

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Washer, Refrigerator, Range, Dryer
Other:Master on Main
Other:Well

Exterior Features

Lot:Wooded
Roof:Asphalt
Others:Tennis Court(s)
Sewer:Septic Tank
Principal Interest
$463
Taxes
$144
HOA
$220

Home Price

$89,900

Loan Details

30 yrs
6.676%

Down Payment

20%
$17,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$462.94

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $462.94 $143.50 $220.00 $826.44
Yearly $5,555.27 $1,722.00 $2,640.00 $9,917.27
Total $166,658.24 $51,660.00 $79,200.00 $297,518.24
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Lincoln, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC