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Tbd Ffr 2127k Road
Iron River, MI 49935
Timothy Keohane with Great Lakes & Land Real Estate Co, Inc - Marquette, original listing - (906) 228-9312
$328,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
SECLUDED UPPER PENINSULA OF MICHIGAN 240+/- ACRE RECREATIONAL PARCEL! This property is located in the northwestern corner of the northern rectangle of Bates Township in Iron County, in the Upper Peninsula of Michigan. - The property is surrounded by Ottawa National Forest Lands – With its 988,000 acres , it offers recreational opportunities for boating, camping, picnicking, fishing, hiking, hunting, kayaking, skiing, observation of wildlife and native plants, and other outdoor activities! These National Forest Lands have over 300 lakes stocked by the MDNR, and over 1,200 miles of Trout Streams. - The eastern border of the property nearly touches the East Branch of the Ontonagon River which flows northward 54 miles to the confluence with the Middle Branch of the Ontonagon River. Coldwater fish species predominate these river bodies (parts of which are designated trout streams) and are accessible to fish migrating from Lake Superior. There also a few ponds located on the property. - Lake St. Kathryn a mile+/- southwest of the parcel offered for sale, is known for Northern pike, Walleye, Bass and Perch fishing! - Perch Lake, three miles southwest of the property, is the largest water body in the County, with 994 acres. This lake has good numbers of Walleyes, Northern pike, Largemouth bass and Perch. - The Hanna Webb Lake four miles straight south of the property, is one of the Brook Trout "Better Fishing Waters" as designated by the Michigan Department of Natural Resources (DNR). - These water bodies attract wildlife of all kinds! Wildlife species found in the area include large mammals such as white-tailed deer, black bear, coyote, wolf, and bobcat, as well as small mammals such as squirrel, rabbit, chipmunk, racoon, otter, beaver, skunk and fox. Seasonal and year-round bird species are seen in the area including songbirds, shore and water birds, and game birds. - The Porter Lake-Sidnaw Multi-Use State Trail Number 15 runs just to the west of the parcel. This is a state-designated snowmobile trail in winter which is used primarily for an off-road vehicle (ORV)/all-terrain vehicle (ATV) trail in other seasons. This network of trails connects with other trails across the Upper Midwest. - The property is characterized by rolling hills and some 20-foot high peaks. - The most common trees on this parcel are Aspen Stands, with other species like northern hardwoods, oak, spruce, mixed conifers, red pine, jack pine, and some areas of mixed swamp conifers. There are several open areas that are grass and fern covered. This diversity will promote wildlife habitation. - There are about six miles of trails throughout the property. - The parcel is enrolled in the Michigan CFA Program. This Voluntary Program provides a tax incentive to landowners to retain and manage their forestland for long-term timber production and to provide foot access to the public for hunting, trapping and fishing.... For Complete Text See Associated Documents
Property Information
Lot Size
240 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
TBD FFR 2127K Road
City
Iron River
State
MI
Zip Code
49935
County
IRON
Listing
Provider
Great Lakes & Land Real Estate Co, Inc - Marquette, original listing
Name
Phone
(906) 228-9312
Office Name
Office Phone
(906) 228-9312
Agent Name
Timothy Keohane
Agency Phone
(906) 228-9312

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.