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
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
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
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
44 Sq. Ft.
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Single Family Residential
County
Alcona County
APN
013-420-038-005-00
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 14, 2026.
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 9675
Average low and high temperatures (°F)
25
12
29
14
41
24
52
33
61
42
75
54
80
59
77
57
73
52
63
41
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.
9.8 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4233 N Pheasant Rd
$65,707
$9,293 under list price of $75K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $75K to $190K.