NOT LISTED FOR SALE

703 Wells St Iron Mountain, MI 49801

Estimated Value: $117,000 - $172,000

2 Beds
3 Baths
1,984 Sq Ft
$68/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $73,000 $37 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $934/month

9 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Laundry Facilities
  • Porch

About This Home

As of June 2021

This is a great opportunity to expand your real estate/investment portfolio, all under one roof! This roomy tri-plex offers one 2-bedroom unit and two 1-bedroom units with separate electric meters and water heaters, laundry facilities on site, and a large parking area. Good rental history, too!

Last Agent to Sell the Property

Dawn Margoni

STEPHENS REAL ESTATE-IRON RIVER License #UPAR Listed on: 05/06/2021

Last Buyer's Agent

Dawn Margoni

STEPHENS REAL ESTATE-IRON RIVER License #UPAR Listed on: 05/06/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,319

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60x110

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Additional Features

  • Porch
  • Forced Air Heating System

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 05110339400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,319

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Year: 2020
  • Year Built: 1900
  • Mail City: Iron Mountain
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Estimated Sq Ft: 1984

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch
  • Roads: City/County, Year Round

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2
  • Parking: 3 Or More Spaces, Garage

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility

Lot Info

  • Assessor Parcel Number: 05110339400
  • Lot Dimensions: 60x110
  • Acreage: 0.15
  • Geo Subdivision: MI

Tax Info

  • Total Tax: Year: 2020

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
May 6, 2021
Closed on
Jun 24, 2021
Sold by
Woolley William
Bought by
Wyatt Gibler and Gibler Sydney
Seller's Agent
Dawn Margoni
STEPHENS REAL ESTATE-IRON RIVER
Buyer's Agent
Dawn Margoni
STEPHENS REAL ESTATE-IRON RIVER
List Price
$75,000
Sold Price
$73,000
Premium/Discount to List
-$2,000
-2.67%
Current Estimated Value
$135,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,893
Avg. Annual Appreciation
15.50%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wyatt Gibler $73,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $73,000 -2.7% $37 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $75,000 +36.4% $38 / Sq Ft
03/31/2016 03/31/16 Sold $55,000 -8.2% $28 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
04/28/2015 04/28/15 For Sale $59,900 +21.0% $30 / Sq Ft
06/03/2013 06/03/13 Sold $49,500 -9.8% $25 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
01/13/2012 01/13/12 For Sale $54,900 -- $28 / Sq Ft
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 $2,319 $47,100 $47,100 $0
2024 $1,768 $44,000 $44,000 $0
2023 $1,668 $36,500 $0 $0
2022 $2,163 $33,500 $0 $0
2021 $1,707 $27,700 $0 $0
2020 $1,704 $27,000 $0 $0
2019 $1,665 $26,200 $0 $0
2018 $1,646 $26,200 $0 $0
2017 $1,228 $24,800 $0 $0
2016 $1,105 $23,200 $3,700 $19,500
2014 -- $23,200 $3,700 $19,500
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072522

Upper Peninsula Association of REALTORS®

APN: 051-103-394-00