Sold for $530,000

$530,000

218 Elizabeth Rd, Iron River, MI 49935

2beds

2,232sqft

Single Family Residence

Built in 2022

5.28 Acres Lot

$603,800 Zestimate^®

$237/sqft

$1,905 Estimated rent

Home value

$603,800

$562,000 - $658,000

$1,905/mo

Zestimate^® history

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$1,905/mo

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$1,905/mo

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$3,506/mo

Est. payment

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$3,506/mo

Est. payment

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What's special

Massive loftIron river miMaster suiteGorgeous homeCute sunroomGreat kitchenLarge logs

New/under construction full log home on idyllic Homan Lake near Iron River MI. Check out this 2 bedroom, 2 bath gorgeous home resting on 5.28 acres of heavily wooded land with 352 feet of lakefront! What a classic setting for your 'Up North' getaway. The large logs used in this structure are impressive as is the soaring, vaulted great room! The first floor features a master suite with laundry right across the hall. You'll appreciate the great kitchen with quartz countertops and the perfect island for entertaining. There's a cute sunroom off the side of the kitchen dining area that would be perfect place to lose yourself in a good book. The massive loft will easily convert to a bedroom or perhaps a great bunk room for the entire gang. Just a short ride to Iron River MI and priced with consideration that you will want to put some of your own finishing touches on this wonderful lodge.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Bedroom

Level: First
Dimensions: 15x18

Bedroom

Level: Second
Dimensions: 32x18

Bathroom

Level: First

Bathroom

Level: First

Great room

Level: First
Dimensions: 27x21

Kitchen

Level: First
Dimensions: 27x11

Sunroom

Level: First
Dimensions: 12x10

Heating

Forced Air, Propane

Appliances

Included: Dryer, Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
Laundry: Main Level

Features

Cathedral Ceiling(s), High Ceilings, Vaulted Ceiling(s)
Flooring: Carpet, Laminate, Tile
Basement: Crawl Space
Attic: None
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,232
Total interior livable area: 2,232 sqft
Finished area above ground: 2,232
Finished area below ground: 0

Property

Parking

Parking features: No Garage

Features

Exterior features: Dock, Out Building(s), Propane Tank - Leased
Has view: Yes
On waterfront: Yes
Waterfront features: Shoreline - Sand, Shoreline - Fisherman/Weeds, Lake Front
Body of water: HOMAN
Frontage type: Lakefront
Frontage length: 352,352

Lot

Size: 5.28 Acres
Features: Dead End, Lake Front, Level, Wooded

Details

Additional structures: Outbuilding
Parcel number: 00416700107
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Chalet/Alpine
Property subtype: Single Family Residence

Materials

Cedar, Log
Foundation: Poured
Roof: Composition,Shingle

Condition

Year built: 2022

Utilities & green energy

Electric: Circuit Breakers
Sewer: Septic Tank
Water: Drilled Well
Utilities for property: Septic Available

Community & HOA

Community

Subdivision: Homan Lake

Location

Region: Iron River

Financial & listing details

Price per square foot: $237/sqft
Tax assessed value: $289,620
Annual tax amount: $4,026
Date on market: 6/22/2023
Ownership: Fee Simple
Road surface type: Unimproved

Price history

Date	Event	Price
10/6/2023	Sold	$530,000-11.7%$237/sqft
Source: GNMLS #202250 Report a problem
8/18/2023	Contingent	$599,900$269/sqft
Source: GNMLS #202250 Report a problem
7/5/2023	Price change	$599,900-7%$269/sqft
Source: GNMLS #202250 Report a problem
6/22/2023	Listed for sale	$645,000+514.3%$289/sqft
Source: GNMLS #202250 Report a problem
2/29/2008	Sold	$105,000$47/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,026 +75.8%	$289,620 +49.5%
2023	$2,291 +78.4%	$193,700 +281.3%
2022	$1,284	$50,800 +81.4%
2021	--	$28,000
2020	--	$28,000 -13%
2019	--	$32,200 +1.3%
2017	--	$31,800
2016	--	$31,800
2015	--	$31,800 -6.7%
2014	--	$34,100 -15%
2013	--	$40,100 -29.9%
2012	--	$57,200 -3.7%
2011	--	$59,400