4908 E Margaret St, Ironwood, MI, 49938
About This Home
Welcome to 4908 East Margaret Street, Ironwood, MI 49938! This newly remodeled 2-bed, 1-bath home offers modern amenities and historical charm in the Great Lakes snow belt. The property features a two-car attached garage and an impressive detached 30x146 ft. three-story barn built in the 1950s, offering endless possibilities for customization. Enjoy the convenience of city water, sewer, and natural gas services. Zoned for single-family residential use, there’s potential for commercial conversion. With verification form zoning, enough space to create two duplexes or fourplexes, this property is an excellent investment opportunity. Ironwood’s housing demand is rising, especially with local mines reopening, making it an ideal time to invest. In walking distance to the local college and ski hill. The historical barn offers ample room for additional living quarters or storage, adding vast potential. Don’t miss the chance to own this unique property. BUYER TO VERIFY ALL MEASUREMENTS, ZONING, AND TAX INFO.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1965
Materials
- Foundation: Basement
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range/Oven,Refrigerator,Electric Water Heater
Basement
- Has basement: Yes
- Basement: Full
Bathroom1
- Level: First
Bedroom1
- Level: First
- Area: 154
Bedroom2
- Level: First
- Area: 60
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: First
- Area: 99
Features
- None
- Finished area below ground: 0
- Finished area above ground: 858
Heating & Cooling
- Heating features: Baseboard,Electric,Natural Gas,Other
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 858
- Total interior livable area: 858 sqft
Kitchen
- Level: First
- Area: 154
Living Room
- Level: First
- Area: 198
Property
Details
- Parcel number: 0307000500
- Special condition: Private,Other-See Remarks
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Waterfront features: None
- Frontage type: Road
- Frontage length: 573
Lot
- Lot size: 1.30 Acres
- Lot size dimensions: 56628.0
Parking
- Total spaces: 2
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Lightning
- Cold Wave
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Gogebic County and Michigan
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,112 | $13,344 |
| Home Insurance * | $177 | $2,124 |
| Property Taxes | $223 | $2,676 |
| Electricity | $188 | $2,259 |
| Total | $1,700 | $20,400 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-01 | Price change | $220,000 |
| 2026-05-01 | Listed for sale | $290,000 |
| 2025-10-19 | Listing removed | $390,000 |
| 2024-10-18 | Listed for sale | $390,000 |
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