506 Prospect Street
Lake City, MI, 49651 $ 239,900
Bedrooms4 Baths1.1 Sq 1,221 Monthly Estimate*
$ 1,515
for $239,900 with 4 bedrooms and 1 full bath, 1 half bath. This 1,221 square foot home was built in 1974 on a lot size of 0.23.
Well-maintained 4-bedroom, 1.5-bath ranch home situated on a large double corner lot in a desirable Lake City neighborhood! Enjoy the convenience of in-town living just a short walk from beautiful Lake Missaukee's quarter-mile sandy beach, pickleball, tennis and basketball courts, skateboard park, library, downtown shopping, dining, and the beloved Tasty Treat. The large front and side yards provide plenty of room to enjoy the outdoors. A fire pit and campfire area on the west side of the garage are perfect for evening gatherings, while the cozy patio between the home and detached garage creates an inviting space for entertaining, summer barbecues, morning coffee, or relaxing with family and friends. Located on a quiet street across from a church, this home also features a fenced backyard and a 28' x 24' detached garage with workshop, providing excellent storage and workspace. Recent updates include a mudroom closet off the front entry, refreshed kitchen cabinets with a stylish backsplash, completely remodeled full and half bathrooms, new laminate flooring, updated carpeting, fresh paint throughout, updated light fixtures, added gutters, and a newer furnace with central air conditioning. The functional floor plan offers four bedrooms and one-and-a-half baths, while the full unfinished basement provides excellent storage and future finishing potential. Conveniently located just one block from the elementary school and four blocks from downtown, this move-in-ready home offers comfort, convenience, and small-town charm in one exceptional package.
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FeaturesInteriorInterior Amenities Walk-In Closet Window Treatment(s)
Dining Room Level Main
Basement Block Egress/Daylight Windows Full Interior Access Unfinished
Bedroom 3 Level Main
Bedroom 1 Level Main
Bedroom 2 Level Main
Beds 4
Fireplace? No
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GeneralHeating Forced Air
Kitchen Level Main
Cooling Ceiling Fan(s) Central A/C
Possession Negotiable (Possession)
Garage Detached Garage
Water Public Water
Appliances Dishwasher Dryer Microwave Range/Oven Refrigerator Washer
Status Active Active
Full Baths 1
Half Baths 1
Bathrooms 2
Year Built 1974
Parking Garage
Subdivision Reeder's 3rd Addition MI
Water Heater Electric
Style Ranch
County Missaukee
Class RESIDENTIAL
Type Single Family
Ownership Private
Municipality Reeder Twp
Section 6
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available
Structure Style 1 Story
Area Reeder Twp (57012)
Primary City Lake City
Directions From Main St. (M-66) head toward John St. Then turn left onto Prospect St and the destination will be on your right.
City Lake City
School District Lake City Area School District
Financial Terms Cash Conventional FHA VA Rural Development
Legal Description LOTS 1 & 16 BLK 15 D REEDER'S THIRD ADD.
DOM 4
Postal Code 49651
Price Per Sq Ft Total AG 196.48
Public Remarks Well-maintained 4-bedroom
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ExteriorExterior Aluminum
Exterior Amenities Fenced Yard Patio Porch Sidewalks
Lot Size Area 0.23
Lot Dimensions 100 x 100
Water Features None
Waterfront Y/N No
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* Excluded FeaturesList ByTamara McLeod HelselListing Agent
City2shore Real Estate Northern MichiganBroker
tamara@city2shore.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,515
- Monthly Property Taxes
- $179
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lake City, MI
Average List Price $396,507
Percent of Sale Price 65%
About Lake City, MI 7,595 Population
3% Since 2002
$ 40,822 Median Income
44.77 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3731176 Elementary School
3731178 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/29/2026 | $239,900 | | Listed Price |