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$624,900
/mo Edit
Single Family:  2 Stories
5 br6 baBuilt 1903
2,997 sqft0.33 acres
Bayfield schools
MLS# 6500668
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    Property Description

    Own a piece of Iconic Bayfield WI, Lucy's Place is an established bed and breakfast, featuring 4 ensuites for rent, and a separate owner's wing. Each ensuite features a private bath with jetted tub. in Lake superiors views from the garden, or walk a few blocks and be immersed in the shops and water front of this picturesque tourism hot spot. The property includes several additions and updates, including solar panels, upgrades in energy efficiency , and mechanical updates. This property operates at an 11.5% cap rate, making it an excellent investment opportunity. At just under 3800 square feet, it would also make an amazing north shore vacation property, with room to spare for friends and family.

    Listing

    Contingency: None
    Price per sq ft: $209
    City: Bayfield
    County: Bayfield
    State: WI
    Property Style: 2 Stories
    Zip Code: 54814

    Interior

    Living Area: 2,997 ft2
    Common Wall: No
    Appliances Included:
    • Dishwasher
    • Disposal
    • Dryer
    • Exhaust Fan
    • Freezer
    • Gas Water Heater
    • Microwave
    • Range
    • Refrigerator
    • Washer
    • Water Softener Owned
    Fireplace Details: Electric
    Basement Details: Walkout

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 20x20
    Garage Size: 400 ft2
    Garage Door Height: 8
    Garage Door Width: 16
    Other Parking Spaces: 4
    Air Conditioning: Window Unit(s)
    Foundation Size: 1,242 ft2
    Foundation Dimensions: 23x54
    Fencing: None
    Handicap Accessible: Wheelchair Ramp(s)
    Out Buildings: Gazebo
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Tuckunder Garage
    Unit Amenities:
    • Cable
    • Hardwood Floors
    • Porch
    • Tile Floors
    • Vaulted Ceiling(s)
    Road Frontage:
    • City Street
    • County Road
    Exterior Material:
    • Fiber Board
    • Metal Siding
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    1/4 Baths: None
    Full Baths: 5
    Half Baths: None
    3/4 Baths: 1
    Bathroom Details:
    • Full Basement
    • Jetted Tub
    • Main Floor 3/4 Bath
    • Main Floor Full Bath
    • Upper Level Full Bath
    Dining/Kitchen: Separate/Formal Dining Room
    Upper Level Size Sq Ft
    Bedroom 3  10 x 24  240 
    Bedroom 4  20 x 12  240 
    Bedroom 5  13 x 15  195 
    Main Level Size Sq Ft
    Living Room  22 x 18  396 
    Dining Room  11 x 16  176 
    Kitchen  15 x 15  225 
    Bedroom 1  10 x 13  130 
    Bedroom 2  9 x 12  108 
    Lower Level Size Sq Ft
    Family Room  13 x 22  286 

    Lake & Waterfront

    Waterfront Present: N
    Waterfront Name: Lake Superior
    Waterfront View: Harbor, Lake
    DNR Lake ID#: 600092091
    Lake Chain Name: N
    Lake Acres: 20795117
    Lake Depth: 0
    Waterfront: Lake View

    Lot & Land

    Acres: 0.33
    Geolocation: 46.80918252, -90.82189788
    Lot Dimensions: 119 x 120
    Zoning:
    • Business/Commercial
    • Residential-Single Family
    Lot Description: Tree Coverage - Medium

    Schools

    School District: 315
    District Phone: 715-779-3201

    Financial & Taxes

    Tax Year: 2022
    Annual Taxes: $4,255
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,255
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    • Solar
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.