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509 Stambaugh Ave, Iron River, MI, 49935

3beds
1baths
1,000sqft
$140,000
$140price/sqft
$1,184/moest. monthly cost
$47,360/yrincome needed

About This Home

What a find! A ready to move into home with many updates and cozy features. Large 12x25 deck overlooks a private feel back yard paradise. This home is located close to school, parks, hospital and town. Newer water tank, floors and windows new in 2024.

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

4/10
6/10

Construction

Condition

  • Year built: 1974

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Microwave,Range/Oven,Refrigerator,Washer,Electric Water Heater
  • Laundry features: First Floor Laundry,Main Level

Basement

  • Basement: Block,None,Crawl Space

Bathroom

  • Features: Not Applicable

Bathroom1

  • Features: Linoleum
  • Level: Main

Bedroom1

  • Features: Carpet
  • Level: Main
  • Area: 88

Bedroom2

  • Features: Carpet
  • Level: Main
  • Area: 90

Bedroom3

  • Features: Carpet
  • Level: Main
  • Area: 81

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Features

  • None,Eat-in Kitchen
  • Flooring: Carpet,Laminate,Linoleum
  • Finished area below ground: 0
  • Finished area above ground: 1,000

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 1,000
  • Total interior livable area: 1,000 sqft

Kitchen

  • Features: Linoleum
  • Level: Main
  • Area: 165

Living Room

  • Features: Laminate
  • Level: Main
  • Area: 187

Property

Details

  • Parcel number: 05532000100
  • Zoning: residential
  • Zoning description: Residential
  • Special condition: Private,Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Exterior features: Sidewalks
  • Waterfront features: None
  • Waterbody name: none
  • Frontage type: Road
  • Frontage length: 88

Lot

  • Lot size: 10,454 sqft
  • Features: Large Lot - 65+ Ft.,Main Street
  • Lot size dimensions: 88 x 100

Parking

  • Total spaces: 1
  • Parking features: Unassigned,Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Hail
Lightning
Winter Weather
Strong Wind

FEMA Declared Disasters in Iron County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $707$8,484
Home Insurance *$73$876
Property Taxes $216$2,592
Electricity $188$2,259
Total$1,184$14,208
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$40,594/yr
40% on housing$35,520/yr
45% on housing$31,573/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$140This listing

vs Other Active Listings

Avg $/sqft

ZIP 49935$89
Iron County$97

vs Homes Sold Last Month

Median $/sqft

ZIP 49935
Iron County$162

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Listed for sale$140,000
2010-03-04Sold$45,000
2009-06-30Sold$42,000

For Sale by Agent

AgentJILL ALBANYS
BrokerageU.P. RIVERLAND REALTY

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