For Sale
4982 N Foster Street, Fountain, MI 49410
$349,900
MLS # 26026817 (Michigan Regional Information Center (MichRIC))
4 beds2 baths3,076 sqftBuilt 19001.62 acres
1 / 50
Listing Description
Timeless charm, exceptional space, and unlimited potential come together on this well-maintained Northern Michigan property. Offering over 3,000 square feet of living space and ownership of an entire 1.6-acre village block, this rare opportunity provides room to live, grow, and invest. The expansive parcel offers potential for additional structures, multifamily development, or lot splits, subject to village approval. Numerous improvements have been completed within the last 10 years, including a new furnace, well pressure tank, storm doors, and a new roof on the impressive 38' x 40' two-story barn. The pellet stove provides economical supplemental heat during Northern Michigan winters, and over one ton of pellets is included for the first heating season. Located just a short drive from Ludington State Park, the Pere Marquette River, and countless inland lakes, this unique property combines comfortable living, outdoor recreation, and future development potential.
Source: SparkMLS
About this home
This 4-bedroom, 2-bath, 3,076 sq ft home built in 1900 sits in Fountain Village in Fountain.
Currently offered at $349,900 (about $114/sq ft).
Property tax estimate: $2,027 per year ($169/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Great Lakes Energy Cooperative.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area3,076 sqft
Lot Size1.62 acres
Year Built1900
Stories2
Location
CityFountain
MunicipalitySherman Twp
Zip Code49410
CountyMason
School DistrictMason Cnty Eastern
Construction & Systems
StyleFarmhouse
ConstructionVinyl Siding
BasementPartial
Garage3 spaces
HeatingForced Air, Wood
WaterWell
SewerSeptic Tank
InteriorLP Tank Rented
Sale & Financing
Listed6/2/2026
Terms AcceptedOther, Cash, FHA, VA Loan, Rural Development, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,027
Tax Year2025
State Equalized Value$145,600
Taxable Value$65,966
Assessed Value$67,747
Homestead (PRE)100%
Parcel #043-604-001-00
Source: Public Records
Legal Description
X SM-562 FOSTER'S ADDITION ENTIRE BLOCK 4
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jared Sweet
ADT Realty
Frequently Asked Questions about 4982 N Foster Street, Fountain, MI 49410
What school district is 4982 N Foster Street, Fountain, MI 49410 in?
Per MLS# 26026817, this property is served by Mason Cnty Eastern. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26026817, the seller has indicated this property accepts the following financing types: Other, Cash, FHA, VA Loan, Rural Development, MSHDA, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26026817, the most recent reported annual property tax for 4982 N Foster Street, Fountain, MI 49410 is $2,027 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 4982 N Foster Street, Fountain, MI 49410 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 4982 N Foster Street, Fountain, MI 49410 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Sherman Twp police department or the Mason County sheriff's office.
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BETAMulti-Year Tax History
View SEV, Taxable Value, and uncapping difference for this parcel — Mason County public records.
Mortgage Calculator
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Monthly payment$2,269
Principal & interest$2,269
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Great Lakes Energy Cooperative
Co-op
MI Public Service Commission service territory boundaries.
Property
4982 N Foster Street, Fountain, MI 49410
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Municipality
Fountain Village
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