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Jenn Smart

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402 Lake , Ironwood, MI 49938
$175,000
Est. Payment: $911.95/mo
3 Bed
2 Bath
1530 Sqft
Status: active | Days on site: 112
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Space to Spread Out, Room to Grow With Income Potential Built In Set on a deep double city lot, this 3 bedroom, 1.5 bath home gives you the rare combination of everyday comfort, flexible living space, and an income stream all in one address. Morning coffee tastes better in a kitchen like this one. Stainless steel appliances and an island with snack bar seating anchor a layout that opens easily into the dining and living areas, so conversations flow as freely as the light does. Hardwood floors carry that warmth throughout much of the main level, where you'll also find a full bath, a convenient half bath, and a bonus room ready to become whatever you need next such as a home office, craft studio, or playroom. Upstairs, three bedrooms include a primary suite generous enough for a reading chair by the window, with two double closets plus a third for overflow; the kind of storage that makes daily life easier. Step outside and the possibilities keep going. An enclosed porch adds three season living space, while the back deck invites slower evenings. The partially fenced backyard offers plenty of room to roam for pets, gardening, or outdoor play. The 30x30 garage with power plus an additional storage shed means there's space for the boat, the workshop, or the collection you've been wanting to start. Offering a turnkey opportunity to continue generating short term rental income from day one. Furnishings may be negotiable, making the transition even simpler. Whether you're searching for a spacious single family home with room to entertain, or an investment property with income already in motion, this one delivers both. Schedule your private showing the sooner you see it, the sooner you can start living (or investing in) the possibilities.

Highlights

Listed by GAYLE COLASSACO , 906-364-0621 FIRST WEBER, INC , 906-667-6366. MiRealSource, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.69

Year Built

1895

County

Gogebic

Area

Ironwood (27006)

Neighborhood

None

School District

Ironwood Area Schools

Listing ID

50203009

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:1
  • 1/2 Bathrooms:1
Appliances:Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Air Cond:Ceiling Fan(s),Window Unit(s)
Fireplaces:
Above Ground Sq Ft:1530
Below Ground Sq Ft:0
Basement:Full,Interior Access,Stone
Other:
  • Additional:Hardwood Floors
Water:Public Water

Exterior Features

Lot:Deep Lot - 150+ Ft.
Lot Dimensions:100x300
Zoning:Residential
Others:
  • Additional:Deck, Porch
Sewer:Public Sanitary
Parking Features:Detached Garage,Electric in Garage,3 or More Spaces,Garage
Principal Interest
$912
Taxes
$438

Home Price

$175,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$35,000
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:
$911.95

Principal

Taxes

Principal Taxes HOA Total
Monthly $911.95 $438.38 $0.00 $1,350.33
Yearly $10,943.39 $5,260.58 $0.00 $16,203.97
Total $328,301.76 $157,817.40 $0.00 $486,119.16
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Ironwood, 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.

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Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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Data last updated: 2026-09-02T04:57:55.100Z

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