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825 N 2nd Ave, Alpena, MI, 49707

5beds
2baths
3,324sqft
$299,900
$90price/sqft
$2,282/moest. monthly cost
$91,280/yrincome needed

About This Home

(All Contents Included) This charming 1915 Old Town Victorian in Alpena, Michigan blends historic elegance with modern updates. The home features five bedrooms and two bathrooms, including a newly renovated bathroom with a walk-in shower. Inside, you'll find an open kitchen and dining area, multiple family rooms, and a bright sunroom--ideal for relaxing or entertaining. Beautiful Victorian details like tall ceilings and classic trim add warmth and character throughout. All interior items stay with the property, down to the glassware, decor, and furnishings. The home has a new roof (installed 3 years ago) and new laminate flooring. It is currently operated as a highly successful Airbnb with 100% 5-star reviews, making it a turnkey, income-producing property that is ready for guests or immediate personal enjoyment. Located in vibrant Old Town, this home is close to downtown shops, dining, events, and the scenic waterfront. A rare opportunity to own a piece of Alpena history in a walkable, lively neighborhood.

Getting Around

69
WalkingSomewhat Walkable
0
TransitVery Limited Transit
65
BikeBikeable

Schools

4/10
Lincoln Community SchoolGrades K-50.2 mi
8/10
Alpena High SchoolGrades 8-122.2 mi
6/10

Construction

Condition

  • Year built: 1915

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Radiant
  • Cooling features: None

Interior Area

  • Total structure area: 3,324
  • Total interior livable area: 3,324 sqft

Property

Details

  • Parcel number: 09230700025500

Parking

  • Total spaces: 1
  • Parking features: GarageAttached
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Alpena County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,516$18,192
Home Insurance *$152$1,824
Property Taxes $252$3,024
Electricity $362$4,350
Total$2,282$27,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,240/yr
40% on housing$68,460/yr
45% on housing$60,853/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.2%
2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$90This listing

vs Other Active Listings

Avg $/sqft

ZIP 49707$223
Alpena County$207

vs Homes Sold Last Month

Median $/sqft

ZIP 49707$113
Alpena County$85

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-30Listed for sale$299,900
2024-04-26Sold$190,400
2024-04-20Pending sale$189,900
2024-03-19Listed for sale$189,900
2018-10-22Sold$105,000
2018-08-01Price change$119,900
2018-06-22Price change$129,900
2017-12-29Listed for sale$142,900

For Sale by Agent

AgentOwen Vandemark
BrokerageLiving The Dream Real Estate Team

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