NOT LISTED FOR SALE

27337 N Fence Lake Dr Unit Lat 46.47745 Lon -88 Michigamme, MI 49861

Estimated Value: $520,000

1 Bed
0.5 Bath
750 Sq Ft
$693/Sq Ft Est. Value

Last Sold January 30, 2018

Last sale price $200,000 $267 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $3,028/month

269 Days on Market

Highlights

  • Lake Front
  • Porch
  • Forced Air Heating System
  • Fireplace
  • Shed

About This Home

As of January 2018

PRIVATE MICHGAN LAKE LOT AND HISTORIC LOG CABIN FOR SALE! This cabin is located on a wooded 4.21-Acre parcel that has 375 feet of water frontage on the western shore of Fence Lake! This lake is located in south-eastern Baraga County in Michigan's Upper Peninsula. Fence Lake is a private, pristine spring fed lake that is 310 acres in size, has 50-foot depths, numerous coves and bays, and has four islands which are owned in common by the property owners. In addition to the many springs that produce the lakes water, some water enters from the northern end of the lake, passes through the water body, and exits into the Fence River, which flows southward for many miles, and enters the Michigamme Reservoir. Fence Lake was a regular destination of Teddy Roosevelt for its crystal clear 50 foot deep waters, and the woodland solitude. Angling on the 310 acre lake provides Rainbow and Brown trout, trophy-sized Smallmouth bass, Bluegill, and Yellow perch. This bays on Fence Lake warm up nicely, and the water deepens gradually for wading and swimming. Black bear, Moose, Whitetail deer, Loons, Eagles, Grouse, and Woodcock, and other woodland wildlife frequent the area. The 16x32 rustic log cabin originally provided shelter for Camp Counselors. It has been updated with new windows, doors, a forced air heating system, a backup free-standing decorative wood stove, electric service, well pump and interior plumbing, and septic system. An indoor 3/4 bath is now located on the Lower Level, as well as a 11x14 completed Bedroom, and another 8x14 Bedroom that is still under construction. There is a 9x12 Storage Shed on the property. ENVIRONMENTALLY SENSITIVE COVENANTS AND DEED RESTRICTIONS ARE IN PLACE TO PROTECT PROPERTY VALUES - The lake is protected with covenants, limits on boat motor size, prohibition on jet skis, and specific "quiet hours". There only 46 parcels on the lake - this limited number was designed to ensure minimal human impact on the environment. GATED ACCESS - CALL LISTING COMPANY FOR ACCESS INSTRUCTIONS. This parcel is less than an hour's drive from Marquette, and there is good flight service from the Sawyer International Airport to major US Cities. For Woodland Solitude Check Out the Secluded Shores of Fence Lake! This property could truly offer an "Up North" experience for All Ages, during all Seasons!

Last Listed By

Tim Keohane

GREAT LAKES & LAND OF MARQUETTE, INC. License #UPAR Listed on: 05/05/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,572

Year Built

  • Built in 1940

Lot Details

  • 4.21 Acre Lot
  • Lot Dimensions are 375x562x338x620
  • Lake Front

Interior Spaces

  • 750 Sq Ft Home
  • Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 1 Bedroom
  • 0.5 Bathroom

Outdoor Features

  • Shed
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 07-005-016-037-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,572

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Year Built: 1940
  • Mail City: Michigamme
  • Unit Number Building Number: Lat 46.47745 Lon -88.19986
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Basement: Yes
  • Basement: Full
  • Bedrooms: 1
  • Bedroom 1: On Lower Floor, Dimensions: 11 x 14
  • Total Bathrooms: 1
  • Bathroom 1: On Level: Lower
  • Breakfast Nook: On 1st Floor, Dimensions: 8 x 8
  • Kitchen: On 1st Floor, Dimensions: 8 x 8
  • Living Room: On 1st Floor, Dimensions: 15 x 15
  • Above Grade Finished Sq Ft: 1024
  • Total Finished Sq Ft: 750
  • Half Bathrooms: 1

Exterior Features

  • Exterior: Log
  • Exterior Features: Porch
  • Foundation: Basement
  • Lake Name: Fence Lake
  • Road: Private Road
  • Water Features: Lake Frontage, Interior Lake
  • Waterfront: Yes
  • Out Buildings: Shed

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: LP/Propane Gas, Wood
  • Sewer: Septic
  • Water: Private Well

Lot Info

  • Assessor Parcel Number: 07-005-016-037-00
  • Lot Dimensions: 375x562x338x620
  • Acreage: 4.21

MLS Schools

  • School District: NICE Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2017
Closed on
Jan 31, 2018
Sold by
Poe James E
Bought by
Holman Scott L Te
Seller's Agent
Tim Keohane
GREAT LAKES & LAND OF MARQUETTE, INC.
Buyer's Agent
Tim Keohane
GREAT LAKES & LAND OF MARQUETTE, INC.
List Price
$218,000
Sold Price
$200,000
Premium/Discount to List
-$18,000
-8.26%
Total Days on Market
269
Current Estimated Value
$520,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,000
Avg. Annual Appreciation
10.94%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Holman Scott L Te $200,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2018 01/30/18 Sold $200,000 -8.3% $267 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
05/05/2017 05/05/17 For Sale $218,000 -- $291 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,572 $141,834 $0 $0
2023 $1,497 $121,328 $0 $0
2022 $115 $108,236 $0 $0
2021 $4,517 $94,023 $0 $0
2020 $4,537 $94,354 $0 $0
2019 $4,173 $95,621 $0 $0
2018 -- $76,999 $0 $76,999
2017 -- $75,416 $0 $0
2016 -- $74,744 $0 $0
2015 -- $74,521 $0 $0
2014 -- $79,483 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Keohane

    Seller's Agent in 2018

    Tim Keohane

    GREAT LAKES & LAND OF MARQUETTE, INC.

    (906) 250-4743

    212 Total Sales

    Tim Keohane
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10027404

Upper Peninsula Association of REALTORS®

APN: 005-016-037-00

Michigan Baraga County Michigamme 49861

27337 N Fence Lake Dr Unit Lat 46.47745 Lon -88, Michigamme, MI

Homes for Sale in Michigamme, MI

This home is located at 27337 N Fence Lake Dr Unit Lat 46.47745 Lon -88, Michigamme, MI 49861 since 05 May 2017 and is currently estimated at $520,000, approximately $693 per square foot. This property was built in 1940. 27337 N Fence Lake Dr Unit Lat 46.47745 Lon -88 is a home located in Baraga County with nearby schools including Aspen Ridge School and Westwood High School.

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Upper Peninsula Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.