NOT LISTED FOR SALE

505 N Kimberly Ave Iron Mountain, MI 49801

Estimated Value: $267,937 - $482,000

7 Beds
3.5 Baths
4,500 Sq Ft
$91/Sq Ft Est. Value

Last Sold December 03, 2024

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

Est. 104% increase in value since last sale

Current estimated payment $2,917/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
  • Estimated Sq Ft: 4500
  • 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

Closed on
Feb 23, 2017
Sold by
Tice Robert H and Tice Marsha V
Bought by
Tice Marsha V
Current Estimated Value
$408,979
Source: Public Records

Range of Values:

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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
Tice Marsha V -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 $8,318 $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

    136 in this area

    383 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

This home is located at 505 N Kimberly Ave, Iron Mountain, MI 49801 since 03 December 2024 and is currently estimated at $408,979, approximately $90 per square foot. This property was built in 1975. 505 N Kimberly Ave is a home with nearby schools including East Elementary School, Central Middle School, and Iron Mountain High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Upper Peninsula Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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