NOT LISTED FOR SALE

N2815 River Dr Wallace, MI 49893

Estimated Value: $79,000 - $122,000

1.3 Acres
$75,414 Price per Acre
56,628 Sq Ft Lot

Last Sold September 06, 2024

Last sale price $80,000

Est. 23% increase in value since last sale

Current estimated payment $562/month

8 Days on Market

Highlights

  • Waterfront
  • The river is a source of water for the property
  • Rectangular Lot
  • Wooded Lot

About This Lot

As of September 2024

Discover your dream waterfront get away with this exceptional riverfront property! Nestled on over an acre with 100 feet of stunning high bank Menominee River frontage, this spot is perfect for relaxing while enjoying the beauty of the water. The existing cabin is in distressed condition and the price is reflective of that condition. While there is a slight chance to rehab the cabin, it would likely require professional expertise rather than a DIY approach. This beautiful riverfront location offers an excellent opportunity for a new build, allowing you to create your dream retreat by the water. Priced to sell, this is a rare opportunity to own a piece of paradise with excellent bass, walleye, and sturgeon fishing location. Being sold "AS IS". Seller requests 5 day response time on offers.

Last Agent to Sell the Property

Joe Dulak

State Wide Real Estate of MI-WI, Inc. License #90-29990 Listed on: 08/07/2024

Last Buyer's Agent

Carol Brown

State Wide Real Estate of MI-WI, Inc. License #94-86215

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $504

Lot Details

  • 1.3 Acre Lot
  • Waterfront
  • Rural Setting
  • Rectangular Lot
  • Wooded Lot

Utilities

  • The river is a source of water for the property
  • Conventional Septic

Property Details

Property Type

Land

Est. Annual Taxes

$504

Lot Details

0

Listing Details

  • Class: Vacant Land
  • Type: Vacant Land
  • Tax Municipality: Menominee, Town of
  • Allowed Miscellaneous: Fences Allowed, Res Struct-Little/0 Val, Shed Allowed, Storage Bldg Allowed, Trailer/Rv Parking Allowd
  • Remarks Public: Discover your dream waterfront get away with this exceptional riverfront property! Nestled on over an acre with 100 feet of stunning high bank Menominee River frontage, this spot is perfect for relaxing while enjoying the beauty of the water. The existing cabin is in distressed condition and the price is reflective of that condition. While there is a slight chance to rehab the cabin, it would likely require professional expertise rather than a DIY approach. This beautiful riverfront location offers an excellent opportunity for a new build, allowing you to create your dream retreat by the water. Priced to sell, this is a rare opportunity to own a piece of paradise with excellent bass, walleye, and sturgeon fishing location. Being sold "AS IS". Seller requests 5 day response time on offers.
  • Tax Municipal Sub Area: None
  • Water Features Other: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Water Frontage: Yes
  • Water Type: River

Utilities

  • Water Body Name: Menominee River
  • Waste Disposal System: Conventional Septic-Instl
  • Water System Available Installed: Well On Site, Private

Lot Info

  • Estimated Acres: 1.3
  • Flood Plain: Unknown
  • Lot Description: Rectangular, Rural - Not Subdivision, Wooded
  • Zoning: Recreational, Residential
  • Utilities Available to Parcel: Electric
  • Geo Address Line: N2815 River Dr
  • Geo Primary City: Wallace
  • Geo Quality: 0.95
  • Geo Subdivision: MI
  • Approved Plat Map: Yes

Tax Info

  • Assessor Parcel Number: 55-010-540-011-00
  • Tax Net Amt: 503.83

MLS Schools

  • School District: Menominee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2024
Closed on
Sep 4, 2024
Sold by
Stefonich Robert
Bought by
Honrath Kerry A
Seller's Agent
Joe Dulak
State Wide Real Estate of MI-WI, Inc.
Buyer's Agent
Carol Brown
State Wide Real Estate of MI-WI, Inc.
List Price
$69,900
Sold Price
$80,000
Premium/Discount to List
$10,100
14.45%
Views
21
Current Estimated Value
$98,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,038
Avg. Annual Appreciation
18.30%
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
Honrath Kerry A $80,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2024 09/06/24 Sold $80,000 +14.4% --
08/15/2024 08/15/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $69,900 -- --
Source: REALTORS® Association of Northeast Wisconsin

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 $534 $30,700 $20,000 $10,700
2024 $504 $30,000 $20,000 $10,000
2023 $103 $29,000 $29,000 $0
2022 $103 $29,000 $29,000 $0
2021 $103 $24,000 $24,000 $0
2020 $103 $26,100 $0 $0
2019 -- $25,200 $0 $0
2018 -- $23,300 $23,300 $0
2017 -- $23,500 $23,500 $0
2016 -- $20,100 $0 $0
2015 -- $20,100 $0 $0
2014 -- $19,200 $19,200 $0
2013 $103 $20,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50295916

REALTORS® Association of Northeast Wisconsin

APN: 010-540-011-00