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). Current Membership Monthly Dues $220
Single-familyProperty Type
0.4 acresLot Size
$46Price/Sq.Ft.
Listed by Kay Pearson• Real Estate One
Listed by Robin Cutler• Real Estate One
Bought with Unidentified Agent• Unidentified Office
Claim this home to receive a free report every month with insights on the changing estimate.
Market trends in 48742, MI
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-list price
97.2%
0.4% MoM
Median sale price
$166K
$2K MoM
Avg. days on market
15d
6 days MoM
Recently sold homes
12
1 MoM
Provided by Redfin
Homeowner tools
More resources
View owner dashboard
Track your estimate and nearby sale activity
Edit home facts
Review property details and add renovations
Manage photos
Update home photos or make them private
Rental estimate
Est. $2,543 per month, based on comparable rentals
Sale and tax history for 4233 N Pheasant Rd
Sale History
Tax History
Date
Event
Price
MiRealSource-MiMLS #61007952
Oct 13, 2026
Sold
$65,000
$46/sq ft
Sep 6, 2026
Pending
—
Aug 19, 2026
Price Changed
$75,000
$54/sq ft
Jul 31, 2026
Price Changed
$89,900
$64/sq ft
Jul 3, 2026
Listed
$100,000
$71/sq ft
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). Current Membership Monthly Dues $220
REALCOMP #20261049931
Oct 13, 2026
Sold
$65,000
$46/sq ft
Sep 6, 2026
Pending
—
Aug 19, 2026
Price Changed
$75,000
$54/sq ft
Jul 30, 2026
Price Changed
$89,900
$64/sq ft
Jul 3, 2026
Listed
$100,000
$71/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,723 (+26.0%)
2024
$1,368 (−10.4%)
2022
$1,526 (+3.2%)
2021
$1,479 (+1.3%)
2020
$1,460 (+4.5%)
2019
$1,397 (−1.0%)
2018
$1,411 (+3.1%)
2017
$1,368 (+1.0%)
2016
$1,355 (−0.4%)
2015
$1,361 (+0.1%)
2014
$1,359 (−0.2%)
2013
$1,362
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
44 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Alcona County
APN
013-420-038-005-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
Property details
Parking
Parking/Garage Information
Parking Features: No Garage
Interior
Bathroom Information
# of Full Bathrooms: 2
Heating & Cooling
Cooling: None, Ceiling Fan(s)
Has Heating
Heating: Baseboard, Electric
Interior Features
Appliances: Electric Water Heater, Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Washer
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Room Information
# of Rooms Total: 7
Laundry Features: Laundry Room
Has Basement
Basement Details: Unfinished
Exterior
Exterior Features
Exterior Features: Lighting
Roof: Asphalt
Pool Information
Pool Features: None
Building Information
Entry Location: GroundLevel
Above Grade Finished Area: 1,400
Above Grade Finished Area Units: Square Feet
Levels: One
Construction Materials: Wood Siding
Foundation Details: Block
Property Features
Other Structures: Shed(s)
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: SingleFamilyResidence
Lot Information
Lot Features: Wooded
Road Surface Type: Gravel
Lot Size Dimensions: 150 x 120
Lot Size Units: Acres
Lot Size Acres: 0.4
Financial
Tax Information
Tax Annual Amount: $1,722
Utilities
Utility Information
Water Source: Private, Well
Sewer: Septic Tank
Location
Schools Information
High School District: Alcona
Location Information
Directions: Barlow to Fox, S. on Pheasant to Property
Subdivision Name: LOST LAKE WOODS SUB
Cross Street: Barlow & Fox
Community Information
Community Features: Clubhouse, Golf, Tennis Court(s)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 44 square feet
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Alcona County
APN: 013-420-038-005-00
Home facts updated by county records on Jul 14, 2026
Other
Listing Information
List AOR: RealcompIILtd
Around this home
Schools
Alcona Elementary School
Public K-5 • Assigned • 8.1mi
4/10
Alcona Community High School
Public 6-12 • Assigned • 8.3mi
6/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 95° expected this year, 12 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lincoln, MI • 48742
Average low and high temperatures (°F)
25
12
29
14
41
24
52
33
61
42
75
54
80
60
77
57
70
51
61
42
46
32
31
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Lincoln. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.