NOT LISTED FOR SALE

505 N Kimberly Ave Iron Mountain, MI 49801

Estimated Value: $361,805 - $575,000

7 Beds
3.5 Baths
4,500 Sq Ft
$104/Sq Ft Est. Value

Last Sold December 03, 2024

Last sale price $200,000 $44 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $3,458/month

Highlights

  • 1.6 Acre Lot
  • Deck
  • 7 Car Detached Garage

About This Home

As of December 2024

Extra large 3-unit apartment building with 7-car garage. Excellent rental history & great investment!

Last Agent to Sell the Property

Ryan Gordon

STEPHENS REAL ESTATE License #UPAR Listed on: 12/03/2024

Last Buyer's Agent

Ryan Gordon

STEPHENS REAL ESTATE License #UPAR Listed on: 12/03/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1975

Lot Details

  • 1.6

Parking

  • 7 Car Detached Garage

Home Design

  • Bi-Level Home

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • Separate Meters
  • Gas Water Heater

Additional Features

  • Oven or Range
  • Walk-Out Basement
  • Deck
  • 1.6 Acre Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 051-000-291-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: Bi-Level
  • Total Tax Amount: 8609.47
  • Year Built: 1975
  • Mail City: Iron Mountain
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Walk Out
  • Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Source of Sq Ft: Estimated
  • Half Bathrooms: 1

Exterior Features

  • Exterior Features: Deck, Sidewalks
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 7
  • Parking: 3 Or More Spaces, Covered Parking, Garage

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Electric Heat
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 051-000-291-01
  • Lot Dimensions: 575x358xirreg
  • Acreage: 1.6
  • Lot Description: Large Lot - 65+ Ft.
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2024, Amount: $6,991.12
  • Winter Tax: Year: 2024, Amount: $1,618.35
  • Total Tax: Amount: $8,609.47

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Iron Mountain City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2024
Closed on
Dec 2, 2024
Sold by
Tice Marsha V M
Bought by
Gerard Matthew and Gerard Angela
Seller's Agent
Ryan Gordon
STEPHENS REAL ESTATE
Buyer's Agent
Ryan Gordon
STEPHENS REAL ESTATE
List Price
$255,000
Sold Price
$200,000
Premium/Discount to List
-$55,000
-21.57%
Current Estimated Value
$468,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,403
Avg. Annual Appreciation
121.52%

Purchase Details

Closed on
Feb 23, 2017
Sold by
Tice Robert H and Tice Marsha V
Bought by
Tice Marsha V
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gerard Matthew $200,000 --
Tice Marsha V -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2024 12/03/24 Sold $200,000 -21.6% $44 / Sq Ft
12/03/2024 12/03/24 For Sale $255,000 -- $57 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
Source: Upper Peninsula Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,050 $248,300 $248,300 $0
2024 $6,991 $178,000 $178,000 $0
2023 $6,315 $157,600 $0 $0
2022 $7,480 $160,600 $0 $0
2021 $8,168 $153,700 $0 $0
2020 $7,242 $149,100 $0 $0
2019 $7,038 $132,200 $0 $0
2018 $6,904 $132,200 $0 $0
2017 $5,388 $130,500 $0 $0
2016 $5,259 $123,400 $8,000 $115,400
2014 -- $123,400 $8,000 $115,400
2012 -- $111,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Gordon

    Seller's Agent in 2024

    Ryan Gordon

    STEPHENS REAL ESTATE

    (906) 774-8570

    120 in this area

    356 Total Sales

    Ryan Gordon
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50162412

Upper Peninsula Association of REALTORS®

APN: 051-000-291-01

Michigan Dickinson County Iron Mountain 49801

505 N Kimberly Ave, Iron Mountain, MI

Not Listed for Sale

MultiFamily

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