1 month on rocket

657 Lake Ave, Ironwood, MI, 49938

$189,000

Home List Price

$2,244*

Closing Credit

4 Bedrooms
2 Full Baths
2,048 SqFt
$92/SqFt
Multi

Location

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657 Lake Ave, Ironwood$189,000

Buyer Closing Credits

$2,244*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking3 or More Spaces, Garage
Attached Garage2 spaces
Year Built1927
HeatingForced Air
CoolingWindow Unit(s)
BasementYes
WaterfrontNone
ViewNone
MLS #50161649
Lot Size0.15 Acres
StatusActive

About 657 Lake Ave

Get ready for a wonderful investment opportunity in Ironwood! This beautiful brick 2 story duplex is located a short distance from both non motorized and motorized recreational trails. With plenty of parking, an attached two car garage and small carport style storage shed, there is more than enough room for all of your outdoor gear or equipment. The enclosed entryway provides a great transition into the property, both units have their own private entrances that have been updated with smart locks. Unit A, the main floor apartment is currently being used as a long term rental, while Unit B, the upstairs apartment, was used as a midterm rental and will remain furnished. They are both two bedroom, one bath apartments with beautiful hardwood floors, large closets and lots of character! Unit B is equipped with brand new baseboard heaters with smart thermostats in each room to provide an extra level of comfort, while being energy efficient. The kitchen appliances in Unit B were replaced in 2023 and the shower was completely redone only a few months ago. The large open basement has a shared use washer/dryer for tenants, a brand new hot water heater and ample storage for owners and tenants alike! The metal roof was replaced in 2022 and the shingled roof over the main house was replaced in 2023. There is new tuckpointing on the brick exterior and a new garage door opener was added to one side of the garage. A lot of love and care has been put into this property and now it's waiting for your personal touches!

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Stories: 2
  • Living Area: 2,048 SqFt

Listing Office:

  • Office Name: FIRST WEBER, INC
  • Office Phone: (906) 667-6366
  • Listing Agent: HELENA LONGHINI

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Range, Oven, Refrigerator, Washer
  • Basement: Yes
  • Interior: Hardwood Floors, Furnished

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None
  • Exterior: Porch, Exterior Balcony

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Window Unit(s)

School Info

School District Information:

  • School District: Ironwood Area Schools

Other

Directions Information:

  • Directions: If leaving from Bessemer. -Head West on US HWY 2 to come into Ironwood. -Turn left onto Lake Street (next to the Circle K Gas Station and across from Walgreens). -The Duplex is the first property on the left, next to UP Beat Nutrition.

Price Information

Listing Price Info

Price Summary:

  • List Price: $189,000
  • Price Per SqFt: $92/SqFt
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Housing Market Comparison

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

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Ironwood, MI

City

Med. Sold Price

$74.9K

Med. Price/SqFt

$65

Avg. Days On Market

33

# of Sold Homes

8

657 Lake Ave vs Ironwood

30 DAYS ON ROCKET

-3 Days

$189,000

+$114K More

$92/SqFt

+$26 More

KEY TAKEAWAY

This property is $114K more than the Median Sold Price and $26/SqFt more than other homes in Ironwood, MI.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50161649

Listing Office:

  • Office Name: FIRST WEBER, INC
  • Office Phone: (906) 667-6366
  • Listing Agent: HELENA LONGHINI

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, 6:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 25, 2021Home Sold
$55,000

Tax History

YEARPROP. TAXASSESSMENT
2021 - $24,330
2020 - $22,010
2019 - $20,514
2017 - $20,120

History based on county public records data.

Payment Calculator

$1,011

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$633

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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-905637
7
/10

  • Hurley Elementary School

  • 5503 W Range View Dr

  • 2.26 miles

  • Public District Grades PK-5

school-card-donut-905638
5
/10

  • Washington School

  • 301 E Sellar St

  • 5.31 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,851. Typical income of Ironwood, MI residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Gogebic County›Ironwood›49938›657 Lake Ave

This home is located at 657 Lake Ave in Ironwood, MI and zip code 49938. This 2,048 square foot home, which was built in 1927, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $189,000.

In November 2024 more than 2 listings in Ironwood, MI were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 3 were sold below. Between October 2024 and November 2024, Ironwood, MI real estate market has seen decrease in the number of listings by 4.7%. In November 2024 median list price was $74,950 and the average listing age was 33 days.

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

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