NOT LISTED FOR SALE

540 Osterlund Rd Iron River, MI 49935

Estimated Value: $265,855 - $334,000

2 Beds
2.5 Baths
1,551 Sq Ft
$197/Sq Ft Est. Value

Sale Details

Date Sold: December 18, 2020

Last sale price $200,000 $129 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,862 / mo

45 Days on Market

Highlights

  • Deck
  • Fireplace
  • Ceiling Fan
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of December 2020

Welcome to the Northwoods! Have you had the dream of owning a log home/lodge in the beautiful UP Northwoods area in a ski resort? Yes? Well here it is! This two-bedroom, 3 bath cabin with a two car detached garage (which is heated and insulated) and sits on 2.3acres and is move in ready and waiting for the new owners to start enjoying the property. This property could be a permanent year-round home or maybe you are looking for an investment property? Perfect for skiers, snowmobilers, etc. Walking into this cozy cabin you will feel the warmth throughout. Open concept kitchen, dining area and living room make it a wonderful place to gather with family and friends. Get the freestanding fireplace on and cozy up to the warm heat after a day of skiing! There is also another freestanding stove in the lower level A¢a‚¬a€œ aww A¢a‚¬a€œ so cozy and warm! Large exterior deck surrounds the cabin A¢a‚¬a€œ get the grill going and take in the views of Ski Brule! The upper level hosts the master bedroom and bath with a walkout covered deck. Lower level has another bedroom and full bath, utility room with washer and dryer. Buyer has put in their own well, new furnace, hot water heater and all new water lines. Appliances are newer as well. Seller stained the entire cabin in the last year too! So A¢a‚¬a€œ just get your bags, groceries and move on in! Ski Brule Village hosts downhill skiing, cross country skiing, snowboarding, show shoeing, tubing, etc. Trails are near property and so are many rivers, lakes and streams. DonA¢a‚¬a„¢t let this one pass you by!

Last Agent to Sell the Property

Nicole Hebert

KELLER WILLIAMS CLASSIC REALTY NW License #UPAR Listed on: 10/06/2020

KELLER WILLIAMS CLASSIC REALTY NW

Last Buyer's Agent

Nicole Hebert

KELLER WILLIAMS CLASSIC REALTY NW License #UPAR Listed on: 10/06/2020

KELLER WILLIAMS CLASSIC REALTY NW

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2000

Lot Details

  • 2.3 Acre Lot
  • Lot Dimensions are 200x500

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 1,551 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 007-071-004-30

Home Details

Home Type

Single Family

Year Built

Built in 2000

Lot Details

2.3 Acres

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Structure Style: 1 1/2 Story
  • Year Built: 2000
  • Mail City: Iron River
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Basement: Yes
  • Basement: Full, Walk Out
  • Bedrooms: 2
  • Bedroom 1: On 2nd Floor, Dimensions: 14 x 14
  • Bedroom 2: On Lower Floor, Dimensions: 9 x 11
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Bathroom 1: On Level: First
  • Bathroom 2: On Level: Second
  • Bathroom 3: On Level: Lower
  • Family Room: On Lower Floor, Dimensions: 10 x 14
  • Kitchen: On 1st Floor, Dimensions: 18 x 20
  • Living Room: On 1st Floor, Dimensions: 11 x 14
  • Above Grade Finished Sq Ft: 1551
  • Total Finished Sq Ft: 1551
  • Half Bathrooms: 1

Exterior Features

  • Exterior: Log
  • Exterior Features: Deck
  • Foundation: Basement
  • Road: City/County

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: LP/Propane Gas, Wood
  • Sewer: Septic
  • Water: Private Well
  • Cooling: Ceiling Fan(s), Central A/C

Lot Info

  • Assessor Parcel Number: 007-071-004-30
  • Lot Dimensions: 200x500
  • Acreage: 2.3
  • Geo Subdivision: MI

MLS Schools

  • School District: West Iron County School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2020
Closed on
Dec 16, 2020
Sold by
Gratz James W
Bought by
Caldwell Donald and Caldwell Leslie
Seller's Agent
Nicole Hebert
KELLER WILLIAMS CLASSIC REALTY NW
Buyer's Agent
Nicole Hebert
KELLER WILLIAMS CLASSIC REALTY NW
List Price
$219,900
Sold Price
$200,000
Premium/Discount to List
-$19,900
-9.05%
Current Estimated Value
$305,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,464
Avg. Annual Appreciation
8.19%

Purchase Details

Listed on
Mar 25, 2013
Closed on
Jun 25, 2014
Sold by
Patrick A Patrick A and Truttman Karen L
Bought by
Gratz James W and Gratz Katherine M
Seller's Agent
Sharon Polich
RE/MAX NORTH COUNTRY-IR
Buyer's Agent
Nicole Hebert
KELLER WILLIAMS CLASSIC REALTY NW
List Price
$163,900
Sold Price
$133,000
Premium/Discount to List
-$30,900
-18.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$80,000
Interest Rate
4.11%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 30, 2007
Sold by
Iron County Deputy Sheriff Vernon H Jon
Bought by
Us Bank National Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Caldwell Donald $200,000 --
Gratz James W -- Peninsula Title & Abstract
Us Bank National Association $135,539 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gratz James W $80,000
Previous Owner Us Bank National Association $0
Previous Owner Us Bank National Association $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2020 12/18/20 Sold $200,000 -9.0% $129 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $219,900 +65.3% $142 / Sq Ft
06/25/2014 06/25/14 Sold $133,000 -18.9% $86 / Sq Ft View Prior Sale
04/24/2014 04/24/14 Pending -- -- --
03/25/2013 03/25/13 For Sale $163,900 -- $105 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

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 $2,898 $110,800 $110,800 $0
2024 $28 $114,100 $114,100 $0
2023 $2,656 $88,400 $88,400 $0
2022 $2,530 $81,000 $81,000 $0
2021 $3,263 $71,941 $71,941 $0
2020 $1,759 $73,056 $73,056 $0
2019 -- $70,449 $70,449 $0
2018 -- $68,590 $0 $0
2016 $47,770 $47,770 $0 $0
2015 $47,770 $47,770 $0 $0
2014 $47,770 $47,770 $0 $0
2013 $47,770 $47,770 $0 $0
2012 -- $47,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10042238

Upper Peninsula Association of REALTORS®

APN: 007-071-004-30

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