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1545 S Lachance Rd, Lake City, MI, 49651

1beds
1baths
390sqft
$123,900
$318price/sqft
$957/moest. monthly cost
$38,280/yrincome needed

About This Home

NEW CONSTRUCTION , Maintenance Free, Metal Siding, Metal Standing Seam Roof! Be the very first to own this brand-new approximately 400 sq. ft. home featuring 1 bedroom, 1 bathroom, and an inviting open-concept living room and kitchen design. Thoughtfully built for efficiency and comfort, this charming home is perfect as a full-time residence, vacation getaway, or investment property. Situated on your own private lot, the home is elevated on piers and includes a private well and septic system for independent living and low-maintenance convenience. Never occupied and fully completed, this property already has its Certificate of Occupancy issued and is truly move-in ready. Financing options are available for qualified buyers, including Conventional, FHA, VA, FNMA, and Freddie Mac financing. Property Features: Brand-new construction Approximately 400 sq. ft. 1 bedroom / 1 full bath Open living room & kitchen layout Private lot setting Well & septic installed Home set on piers Never occupied Certificate of Occupancy issued Eligible for Conventional, FHA, VA, FNMA & Freddie Mac financing Enjoy simple, affordable living in a peaceful Northern Michigan setting while still being close to the amenities and recreation that make Lake City such a desirable destination. Schedule your private showing today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

7/10
Lake City Middle SchoolGrades 6-84.5 mi
7/10
Lake City High SchoolGrades 9-124.5 mi

Construction

Condition

  • Year built: 2026

Materials

  • Foundation: Pillar Post Pier
  • Roof: Metal
  • Construction materials: Metal Siding,Steel Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage,Craftsman,Ranch,Stick
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Family Room

  • Level: Entry
  • Area: 78
  • Dimensions: 13 X 6

Features

  • Finished area above ground: 390

Heating & Cooling

  • Heating features: Electric,ENERGYSTAR Qualified Furnace Equipment,Heat Pump
  • Cooling features: Central Air,ENERGYSTAR Qualified AC Equipment,Wall Units

Interior Area

  • Total interior livable area: 390 sqft

Kitchen

  • Level: Entry
  • Area: 78
  • Dimensions: 13 X 6

Laundry

  • Level: Entry
  • Area: 60
  • Dimensions: 12 X 5

Primary Bathroom

  • Level: Entry
  • Area: 40
  • Dimensions: 10 X 4

Primary Bedroom

  • Level: Entry
  • Area: 80
  • Dimensions: 10 X 8

Property

Details

  • Parcel number: 00900901390
  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevelwSteps
  • Pool features: None

Lot

  • Lot size: 0.29 Acres
  • Lot size dimensions: 60 x 214 x 60 x 214

Parking

  • Parking features: Driveway,No Garage

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

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Strong Wind
Hail
Lightning

FEMA Declared Disasters in Missaukee 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 $626$7,512
Home Insurance *$58$696
Property Taxes $85$1,020
Electricity $188$2,259
Total$957$11,484
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,811/yr
40% on housing$28,710/yr
45% on housing$25,520/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: 5.1%
5.1%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$318This listing

vs Other Active Listings

Avg $/sqft

ZIP 49651$193
Missaukee County$184

vs Homes Sold Last Month

Median $/sqft

ZIP 49651$185
Missaukee County$197

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)

No zestimate history available

Price History

DateEventPrice
2026-05-10Price change$185,000
2024-10-21Listed for sale$28,500
2024-08-02Listing removed$189,000
2024-08-02Price change$189,000
2024-05-31Listed for sale$199,000
2024-05-17Listing removed--
2024-05-08Price change$28,500
2024-03-13Price change$32,500
2023-10-02Listed for sale$35,000
2023-09-14Listing removed--
2023-08-05Price change$69,500
2023-07-20Price change$74,500
2023-07-07Price change$78,500
2023-05-15Price change$85,000
2023-04-28Listed for sale$89,900

For Sale by Agent

AgentDavid P Vettraino
BrokerageVettraino Homes LLC

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