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436 Forbes Rd #3920, Iron River, MI, 49935

--beds
--baths
576sqft
$119,900
$208price/sqft
$1,039/moest. monthly cost
$41,560/yrincome needed

About This Home

This open-concept cabin on a wooded 5 acre parcel offers a bunk area that comes with two full size mattresses and two twin size, eat-in kitchen, large living room, and both a covered rear deck and covered front porch! Outside, there is a roomy garage/shop that also includes a sauna and shower, large storage shed, 2 generators, and 6-panel solar system that will need to be installed. This property is conveniently located on a snowmobile/ATV trail, is near many waterways, and borders federal and commercial forest land. The cabin has a new 35,000 BTU space heater, has cable run for both antenna and satellite TV, and has both 12V and 110 power in the cabin and garage.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

4/10
Stambaugh Elementary SchoolGrades PK-616.5 mi
6/10

Construction

Condition

  • Year built: 1991

Materials

  • Construction materials: Other,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: No Hot Water

Features

  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 576

Heating

  • Heating features: Propane

Interior Area

  • Total structure area: 576
  • Total interior livable area: 576 sqft

Other

  • Level: First
  • Dimensions: 280x280

Property

Details

  • Parcel number: 00726600200
  • Zoning description: Residential

Features

  • Levels: One
  • Stories: 1
  • Frontage length: 0,0

Lot

  • Lot size: 5 Acres

Parking

  • Parking features: No Garage

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
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Lightning
Strong Wind
Winter Weather

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 $606$7,272
Home Insurance *$62$744
Property Taxes $183$2,196
Electricity $188$2,259
Total$1,039$12,468
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,622/yr
40% on housing$31,170/yr
45% on housing$27,706/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

$208This listing

vs Other Active Listings

Avg $/sqft

ZIP 49935$90
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)

No zestimate history available

Price History

DateEventPrice
2026-05-11Listed for sale$119,900
2026-01-01Listing removed$119,900
2025-10-20Price change$119,900
2025-07-29Listed for sale$125,000

For Sale by Agent

AgentSTEPHEN REMONDINI
BrokerageSTEPHENS REAL ESTATE

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