NOT LISTED FOR SALE

550 Osterlund Rd Iron River, MI 49935

Estimated Value: $295,000 - $430,000

3 Beds
3 Baths
2,024 Sq Ft
$172/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $267,500 $132 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,029/month

80 Days on Market

Highlights

  • Spa
  • Fireplace in Primary Bedroom
  • Cathedral Ceiling
  • Chalet
  • Deck
  • Wood Flooring

About This Home

As of September 2022

The northwoods log cabin you’ve always dreamed of…nestled atop a Maple clad ridge with beautiful long views over the rolling countryside surrounding Brule Mountain. From the moment you arrive up the winding driveway you’ll appreciate the care given to keeping this retreat special. Enter the main floor into the great room that’s shared by the kitchen and gathering area with its wall of windows looking to the west. Shining hardwood floors grace your steps and large timbers surround you with a deep warmth found only in a log cabin. The main floor features two bedrooms and a full bath with tiled floor as well as full width covered balcony that’s perfect for gathering and grilling. Up the log banister steps to the second floor you’re met with a choice…left across the cat-walk to sit and soak up the views and changing of the seasons or take a right into the vaulted ceiling master suite complete with gas fireplace and its own balcony. The walkout lower level hosts another large bedroom, full bath and spacious family room wrapped in a true knotty pine wall covering anchored by another fireplace and looking out over the same special view as seen from upstairs. Step out the door onto the covered patio to soak in the hot-tub after a wonderful day of adventuring, whether that’s shushing the slopes, paddling the nearby lakes and rivers or just wandering the wilderness. Whether you’re looking for your forever home, a personal retreat or a great Airbnb investment property, this log cabin checks a lot of boxes including availability of good internet! Located at the Ski Brule resort and close to most everything you need. Property comes completely furnished and ready for you to make some memories!

Last Agent to Sell the Property

Jeff Dohl

RE/MAX NORTH COUNTRY-IR License #UPAR Listed on: 06/10/2022

RE/MAX NORTH COUNTRY-IR

Last Buyer's Agent

Jeff Dohl

RE/MAX NORTH COUNTRY-IR License #UPAR Listed on: 06/10/2022

RE/MAX NORTH COUNTRY-IR

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1999

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 470x47x300x350

Home Design

  • Chalet
  • Slab Foundation
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Family Room

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Basement

  • Walk-Out Basement
  • Fireplace in Basement

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Electric Water Heater
  • Septic Tank
  • Internet Available
  • Satellite Dish

Community Details

  • Maple Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 007-071-004-15

Home Details

Home Type

Single Family

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Chalet
  • Structure Style: 2 Story
  • Total Tax Amount: 2472
  • Year Built: 1999
  • Mail City: Iron River
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Interior Balcony, Cable/Internet Avail., Cathedral/Vaulted Ceiling, Ceramic Floors, Hardwood Floors, Whirlpool/Hot Tub
  • Appliances: Disposal, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Fireplaces: Basement Fireplace, Primary Bedroom Fireplace
  • Basement: Yes
  • Basement: Walk Out, Poured
  • Bedrooms: 3
  • Bedroom 1: On Main Floor, Dimensions: 10 x 10
  • Bedroom 1 Floor Covering: Carpet
  • Bedroom 2: On Main Floor, Dimensions: 14 x 8
  • Bedroom 2 Floor Covering: Carpet
  • Bedroom 3: On 2nd Floor, Dimensions: 16 x 16
  • Bedroom 3 Floor Covering: Carpet
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Bathroom 1: On Level: Main, Flooring: Ceramic
  • Bathroom 2: On Level: Second, Flooring: Ceramic
  • Bathroom 3: On Level: Lower, Flooring: Ceramic
  • Room Types: Family Room, First Floor Bedroom
  • Below Grade Sq Ft: 872
  • Finished Below Grade Sq Ft: 795
  • Above Grade Finished Sq Ft: 1229
  • Total Finished Sq Ft: 2024

Exterior Features

  • Exterior: Log
  • Exterior Features: Deck, Porch, Satellite Dish, Spa/Hot Tub
  • Foundation: Slab
  • Frontage: 470
  • Road: City/County

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: LP/Propane Gas
  • Sewer: Septic
  • Water: Private Well
  • Water Heater: Electric

Lot Info

  • Assessor Parcel Number: 007-071-004-15
  • Lot Dimensions: 470x47x300x350
  • Acreage: 2
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $1,861.00
  • Winter Tax: Year: 2022, Amount: $611.00
  • Total Tax: Amount: $2,472.00

MLS Schools

  • School District: West Iron County School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Sep 20, 2022
Sold by
Shallberg Michael L
Bought by
Kilgore Jason C and Kilgore Kathleen M
Seller's Agent
Jeff Dohl
RE/MAX NORTH COUNTRY-IR
Buyer's Agent
Jeff Dohl
RE/MAX NORTH COUNTRY-IR
List Price
$260,000
Sold Price
$267,500
Premium/Discount to List
$7,500
2.88%
Current Estimated Value
$348,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,777
Avg. Annual Appreciation
8.22%
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Kilgore Jason C $267,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2022 09/23/22 Sold $267,500 +2.9% $132 / Sq Ft
06/10/2022 06/10/22 For Sale $260,000 -- $128 / 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 $2,637 $115,600 $115,600 $0
2024 $32 $118,700 $118,700 $0
2023 $2,417 $71,000 $71,000 $0
2022 $1,917 $65,200 $65,200 $0
2021 $2,472 $62,063 $62,063 $0
2020 $1,841 $62,922 $62,922 $0
2019 -- $60,671 $60,671 $0
2018 -- $58,252 $0 $0
2016 $48,800 $50,000 $0 $0
2015 $48,800 $50,000 $0 $0
2014 $48,800 $50,000 $0 $0
2013 $48,800 $50,000 $0 $0
2012 $3,353 $76,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50078239

Upper Peninsula Association of REALTORS®

APN: 007-071-004-15