4 months on rocket

1025 River Ave, Iron Mountain, MI, 49801

$154,900

Home List Price

$1,839*

Closing Credit

2 Bedrooms
2 Full Baths
1,224 SqFt
$127/SqFt
Multi

Location

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1025 River Ave, Iron Mountain$154,900

Buyer Closing Credits

$1,839*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking3 or More Spaces
Attached Garage2 spaces
Year Built1887
HeatingElectric, Forced Air
CoolingCentral Air
BasementYes
WaterfrontNone
ViewNone
MLS #50153112
Lot Size0.14 Acres
StatusActive

About 1025 River Ave

This beautifully updated 1800s house has been thoughtfully converted into two distinct apartments, each offering modern amenities while preserving the charm of its historic roots. The main floor apartment excludes character with its spacious layout, featuring French doors that lead into a versatile sitting area or a second bedroom. The unit also includes a large living room, a well-equipped kitchen, an updated bathroom. The unit also includes a large living room, a well-equipped kitchen, an updated bathroom, and modernized electrical systems. With central air conditioning and a 2-car attached garage. this unit combines convenience with classic style. The upper-level apartment, accessible through a separate entrance, offers a cozy 1 bedroom, 1 bath layout. It includes a generous living room, dining room, and kitchen, all updated for contemporary living. Situated on a corner lot, the property benefits from a spacious-feeling yard, perfect for outdoor enjoyment. Located within walking distance to shopping, dining, and parks, this property is ideal for tenants seeking both comfort and convenience. The seller captures $1,300 per month in rental income, with base utilities and Wi-Fi included, while tenants cover any overages. This is a fantastic opportunity for those looking to invest in a property with character and steady income.

Property Details

Property Features

Property Information:

  • Architectural Style: Conventional Frame
  • Year Built: 1887
  • Stories: 2
  • Living Area: 1,224 SqFt

Listing Office:

  • Office Name: LEEDS REAL ESTATE
  • Office Phone: (906) 779-5333
  • Listing Agent: KIMBERLY WEBB

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None
  • Exterior: Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: 3 or More Spaces

Lot Features

Lot Information:

  • Lot: Corner Lot, Cleared, Sidewalk
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air
  • Cooling: Central Air

School Info

School District Information:

  • School District: Iron Mountain City School District

Other

Directions Information:

  • Directions: From Carpenter turn East onto H St. Left onto River Ave. House is on the Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $154,900
  • Price Per SqFt: $127/SqFt
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Housing Market Comparison

See how this home compares to others in Iron Mountain, MI.

Med. Sold Price

$157K

Med. Price/SqFt

$119

Avg. Days On Market

38

# of Sold Homes

8

1025 River Ave vs Iron Mountain

120 DAYS ON ROCKET

+82 Days

$154,900

-$2.1K Less

$127/SqFt

+$7 More

KEY TAKEAWAY

This property is $2.1K less than the Median Sold Price and $7/SqFt more than other homes in Iron Mountain, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50153112

Listing Office:

  • Office Name: LEEDS REAL ESTATE
  • Office Phone: (906) 779-5333
  • Listing Agent: KIMBERLY WEBB

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $32,600
2020 - $31,400
2019 - $28,400
2018 - $28,400

History based on county public records data.

Payment Calculator

$841

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$531

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-937318
6
/10
  • East Elementary School

  • 300 W B St

  • 0.40 miles

  • Public District Grades 5-6

school-card-donut-937319
4
/10
  • North Elementary School

  • 900 5th St

  • 1.25 miles

  • Public District Grades KG-4

school-card-donut-937320
6
/10
  • Woodland Elementary School

  • 2000 W Pyle Dr

  • 1.92 miles

  • Public District Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,180. Most Iron Mountain, MI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesMichiganDickinson CountyIron Mountain498011025 River Ave

This home is located at 1025 River Ave in Iron Mountain, MI and zip code 49801. This 1,224 square foot home, which was built in 1887, sits on a 0.14 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $154,900.

Over 5 listings were sold over their listed price in November 2024 in Iron Mountain, MI. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Iron Mountain, MI decreased by 10% between October 2024 and November 2024. Listings spent 38 days on the market in November 2024, and had a median list price of $157,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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