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For sale
Price cut: $10K (6/11)
$175,000

402 Lake Ave, Ironwood, MI 49938

3beds
1,530sqft
: 
$1,241/mo
Get pre-qualified
Single Family Residence
Built in 1895
0.69 Acres Lot
$171,800 Zestimate®
$114/sqft
$-- HOA

What's special

Additional storage shedHardwood floorsDeep double city lotConvenient half bathStainless steel appliances
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. A 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.
124 days
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374
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20
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Zillow last checked:

Listing updated:

Listed by:

GAYLE COLASSACO 906-364-0621,

FIRST WEBER - BESSEMER 906-667-6366

Source: GNMLS,MLS#: 216252MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Second
    • Dimensions: 15x14
    Bedroom
    • Level: Second
    • Dimensions: 12x12
    Bedroom
    • Level: Second
    • Dimensions: 12x9
    Bathroom
    • Level: First
    Bathroom
    • Level: First
    Bonus room
    • Level: First
    • Dimensions: 15x8
    Dining room
    • Level: First
    • Dimensions: 14x13
    Kitchen
    • Level: First
    • Dimensions: 14x13
    Living room
    • Level: First
    • Dimensions: 14x13
    Heating
    • Forced Air, Natural Gas
    Appliances
    • Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator
    • Laundry: Washer Hookup, In Basement
    Features
    • Ceiling Fan(s)
    • Flooring: Wood
    • Basement: Full
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,530
    • Total interior livable area: 1,530 sqft
    • Finished area above ground: 1,530
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Garage, Two Car Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Out Building(s)
    • Frontage length: 0,0
    Lot
    • Size: 0.69 Acres
    • Dimensions: 100 x 300
    Details
    • Additional structures: Outbuilding
    • Parcel number: 522220116022
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Two Story
    • Property subtype: Single Family Residence
    Materials
    • Composite Siding, Frame, Masonite
    • Foundation: Stone
    • Roof: Composition,Shingle
    Condition
    • Year built: 1895

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Ironwood

    Financial & listing details

    • Price per square foot: $114/sqft
    • Tax assessed value: $200,944
    • Annual tax amount: $5,261
    • Date on market: 4/1/2026
    • Ownership: Fee Simple

      Estimated market value

      $171,800

      $163,000 - $180,000

      $1,458/mo

      Price history

      DateEventPrice
      7/12/2026Listed for sale$175,000$114/sqft
      Source: MiRealSource #50203009 Report a problem
      6/25/2026Contingent$175,000$114/sqft
      Source: MiRealSource #50203009 Report a problem
      6/11/2026Price change$175,000-5.4%$114/sqft
      Source: MiRealSource #50203009 Report a problem
      5/2/2026Price change$185,000-7%$121/sqft
      Source: Upper Peninsula AOR #50203009 Report a problem
      4/1/2026Listed for sale$199,000+32.7%$130/sqft
      Source: GNMLS #216252 Report a problem
      8/23/2021Sold$150,000+1.7%$98/sqft
      Source: Public Record Report a problem
      6/23/2021Listed for sale$147,500$96/sqft
      Source: RE/MAX of Michigan #1127893 Report a problem

      Public tax history

      YearProperty taxesTax assessment
      2025$5,258 +5%$100,472 +19%
      2024$5,007 $84,461 +15%
      2023-- $73,423 +11%
      2022-- $66,166 +95.6%
      2021-- $33,825 +6.7%
      2020-- $31,691 -4.4%
      2019-- $33,158 -8.3%
      2018-- $36,144 +11.1%
      2017-- $32,540
      2016-- $32,540 -1.1%
      2014-- $32,900 +2.5%
      2013-- $32,110
      Find assessor info on the county website

      Monthly payment

      Est. payment

      Payment breakdown

      Explore the cost of this home by adjusting the details. Changes won't be saved.
      All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
      HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
      Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
      See how much you could borrow to make a competitive offer.

      Climate risks

      Neighborhood: 49938

      Getting around

      59 / 100
      Somewhat Walkable
      77 / 100
      Very Bikeable

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • High: GO Ironwood

      Source: GNMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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