5 months on rocket

501 Minnesota Ave, Ontonagon, MI, 49953

$59,900

Home List Price

$711*

Closing Credit

2 Bedrooms
1 Full Bath
880 SqFt
$68/SqFt
House

Location

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501 Minnesota Ave, Ontonagon$59,900

Buyer Closing Credits

$711*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage1 space
Year Built1900
HeatingNone
CoolingNone
BasementYes
WaterfrontNone
ViewNone
MLS #50143667
Lot Size0.30 Acres
StatusActive

About 501 Minnesota Ave

Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly. MOTIVATED SELLER. Will look at all offers.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 1
  • Living Area: 880 SqFt

Listing Office:

  • Office Name: DOMITROVICH REALTY, INC
  • Office Phone: (906) 884-2801
  • Listing Agent: DONALD DOMITROVICH

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Interior: None (InteriorFeatures)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: None
  • Exterior: Fenced Yard, Garden Area

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

School Info

Assigned Schools Information:

  • Ontonagon Area School, Public District Grades KG-12

School District Information:

  • School District: Ontonagon Area Schools

Other

Directions Information:

  • Directions: From Ontonaogn, East on Parker avenue, 3 blocks to L. on Minnesota, 2 blocks to house on R.

Price Information

Listing Price Info

Price Summary:

  • List Price: $59,900
  • Price Per SqFt: $68/SqFt

Tax Information:

  • Annual Amount: $807
  • Tax Year: 2021
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Housing Market Comparison

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

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Ontonagon, MI

City

Med. Sold Price

$127K

Med. Price/SqFt

$79

Avg. Days On Market

69

# of Sold Homes

4

501 Minnesota Ave vs Ontonagon

158 DAYS ON ROCKET

+89 Days

$59,900

-$67.1K Less

$68/SqFt

-$11 Less

KEY TAKEAWAY

This property is $67.1K less than the Median Sold Price and $11/SqFt less than other homes in Ontonagon, MI.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50143667

Listing Office:

  • Office Name: DOMITROVICH REALTY, INC
  • Office Phone: (906) 884-2801
  • Listing Agent: DONALD DOMITROVICH

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: 11/5/2024, 9:21:06 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$807$16,150
2020 - $14,350
2019 - $14,000
2018 - $12,950
2017 - $12,200

History based on county public records data.

Payment Calculator

$366

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

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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.

High School

school-card-donut-1995160
7
/10

  • Ontonagon Area School

  • 701 Parker Ave

  • 0.46 miles

  • Public District Grades KG-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,006. Residents of Ontonagon, MI typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 Minnesota Ave

What is the listing price of this property?

The listing price of 501 Minnesota Ave property is $59,900.

What type of property is this?

The property 501 Minnesota Ave is a house located in Ontonagon, Michigan, 49953.

Is this property for sale now?

Active Listing: 501 Minnesota Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 501 Minnesota Ave are:
Ontonagon Area School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $807 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 501 Minnesota Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 501 Minnesota Ave is 880 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 Minnesota Ave is 1900.

Rocket Homes›Michigan›Ontonagon County›Ontonagon›49953›501 Minnesota Ave

This home is located at 501 Minnesota Ave in Ontonagon, MI and zip code 49953. This 880 square foot home, which was built in 1900, sits on a 0.30 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $59,900.

In October 2024, from all listings sold in Ontonagon, MI there were more than 0 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price. The number of listings in Ontonagon, MI decreased by 19.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $127,000, while the average time on the real estate market was 69 days.

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

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