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318 Iron St, Negaunee, MI, 49866

$499,900

Home List Price

$5,936*

Closing Credit

3 Bedrooms
1 Full Bath, 2 Partial
6,250 SqFt
$80/SqFt
House

Location

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318 Iron St, Negaunee$499,900

Buyer Closing Credits

$5,936*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Parking3 or More Spaces
Year Built1913
HeatingNatural Gas, Steam, Hot Water
CoolingNone
BasementYes
WaterfrontNone
ViewNone
MLS #50161483
Lot Size0.20 Acres
StatusActive

About 318 Iron St

Step into history with modern luxury in this extraordinary 1913 National Bank building in Negaunee. Offering over 3000 sq ft of meticulously designed residential living space on the second floor, this one-of-a-kind property combines timeless architecture with contemporary comforts. The residence features 3 bedrooms and 2.5 baths, an open concept living, kitchen and foyer area, and soaring 11 foot ceilings throughout. The design incorporates the buildings rich history, including original interior windows and stunning 16 foot atrium ceilings from its early bank office days. Every detail has been custom-finished with care, making this space as unique as it is elegant. The kitchen is a chef's dream, boasting custom cabinetry, quartz countertops, stainless steel appliances, and a large center island with wine rack and built-in cooktop. A formal dining area and spacious living room provide scenic views of Iron St below to watch the changing seasons and social activities of this busy little community. The primary bedroom suite is a retreat of its own, located just a few steps up from the home office and showing off that stunning atrium ceiling. The bathroom has heated floors, a luxurious soaking tub and an extra large walk-in shower, while the laundry area is conveniently connected to the walk-in closet. Down the wide hallway you'll pass by the original walk-in bank vault, which makes for excellent storage space or possibly a library. Make your way down to two more bedrooms with 2 baths and a rear stairway with original brick walls. Main floor commercial space is yet another 3150 sq ft, stepping one back in time with a space that retains its original charm from the building's days as a bustling bank. Highlights include the 14 foot ceilings, atrium windows, mosaic tile floors, and an antique lamp rumored to be a Tiffany creation. The centerpiece of this level is a remarkable circular radiator with a marble top--a true conversation piece. A walk-in bank safe remains intact, alongside additional office and storage rooms, offering endless possibilities for creative use and preservation. The basement, once home to a long running printing shop, is a blank canvas ready to be transformed into your own vision. Building has 3 phase electrical and a new boiler servicing the residential level. This property is a testament to Negaunee's rich history and offers the rare opportunity to own a piece of the past while enjoying the finest in modern living. Whether you're looking for a unique residence, a mixed use business opp, or simply an iconic piece of architecture, this building is truly one of a kind.

Property Details

Property Features

Property Information:

  • Year Built: 1913
  • Stories: 2
  • Living Area: 6,250 SqFt

Listing Office:

  • Office Name: RE/MAX 1ST REALTY
  • Office Phone: (906) 225-1136
  • Listing Agent: KRISTINE GOUPILLE

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Oven, Refrigerator, Washer
  • Basement: Yes
  • Interior: 9 ft + Ceilings, Cable/Internet Avail., Hardwood Floors, Walk-In Closet, Skylights

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: None
  • Exterior: Sidewalks, Street Lights

Parking Information:

  • Parking: 3 or More Spaces

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Steam, Hot Water
  • Cooling: None

School Info

School District Information:

  • School District: Negaunee Public Schools

Other

Directions Information:

  • Directions: US 41 W to Negaunee. South on Teal Lake Ave. West on Main St. South on Pioneer and then West on Iron st. Building is on the right side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,900
  • Price Per SqFt: $80/SqFt

Tax Information:

  • Annual Amount: $4,453
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Negaunee, MI.

Med. Sold Price

$210K

Med. Price/SqFt

$167

Avg. Days On Market

11

# of Sold Homes

1

318 Iron St vs Negaunee

33 DAYS ON ROCKET

+22 Days

$499,900

+$289.9K More

$80/SqFt

-$87 Less

KEY TAKEAWAY

This property is $289.9K more than the Median Sold Price and $87/SqFt less than other homes in Negaunee, MI.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50161483

Listing Office:

  • Office Name: RE/MAX 1ST REALTY
  • Office Phone: (906) 225-1136
  • Listing Agent: KRISTINE GOUPILLE

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, 11:21:01 PM 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 - $87,250
2020 - $83,900
2019$4,453$80,150
2018$4,390$72,950
2017$4,187$74,600

History based on county public records data.

Payment Calculator

$2,562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,565

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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-1110540
6
/10
  • Lakeview School

  • 200 Croix St

  • 0.88 miles

  • Public District Grades PK-4

school-card-donut-1110541
5
/10
  • Birchview School

  • 663 Poplar St

  • 2.60 miles

  • Public District Grades PK-4

school-card-donut-1110542
6
/10
  • Superior Hills Elementary School

  • 1201 S McClellan Ave

  • 9.53 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,500. The majority of Negaunee, MI residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 318 Iron St

What is the listing price of this property?

The listing price of 318 Iron St property is $499,900.

What type of property is this?

The property 318 Iron St is a house located in Negaunee, Michigan, 49866.

Is this property for sale now?

Active Listing: 318 Iron St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $4,453 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 318 Iron St has 3 bedrooms and 1 full and 2 half bathrooms.

What is the square footage of this property?

The property 318 Iron St is 6,250 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 318 Iron St is 1913.

Rocket HomesMichiganMarquette CountyNegaunee49866318 Iron St

This home is located at 318 Iron St in Negaunee, MI and zip code 49866. This 6,250 square foot home, which was built in 1913, sits on a 0.20 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $499,900.

In November 2024, from all listings sold in Negaunee, MI there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. The number of listings in Negaunee, MI decreased by 25.8% between October 2024 and November 2024. While the average time on the market in November 2024 was 11 days, the median list price was $210,000.

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

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