IRON COUNTY EQUALIZATION DEPARTMENT

           2 SOUTH 6TH STREET, SUITE 13

 

           CRYSTAL FALLS, MI 49920

 

           (906) 875-6502

 

           2006-2007 AVERAGE LAND VALUE GUIDE

 

 

 

 

 

 

 

 

 

 

 

 

 

The following is a listing of general land values for property in Iron County. 

We emphasize these to be general in nature.  Each parcel should be considered

on its own merits.  The averages and ranges given are derived from an ongoing

two-year sales study.  This guide is distribued to each assessor to assist in

the updating of individual property assessment cards.

 

 

 

AVERAGE SALES

RANGE

 

BUILDING SITES

 

 

PRICE PER ACRE

PER ACRE

 

 

 

 

 

 

 

1 ACRE

 

 

3300

2500-5000

 

5-10 ACRES

 

 

2200

1500-3000

 

 

 

 

 

 

 

RECREATIONAL/TIMBER

 

 

 

 

 

20 ACRES

 

 

1750

1300-2100

 

40 ACRES

 

 

1375

875-1850

 

SWAMP/LOWLAND

 

 

1000

875-1025

 

 

 

 

 

 

 

River frontage with low frontage, poor road access

35-165 PFF

 

River frontage with good frontage and road access

165-385 PFF

 

 

 

 

 

 

 

Lake frontage with no access or power

440-550 PFF

 

Lake frontage with average access, no power

550-660 PFF

 

Lake frontage with secondary road and power

660-770 PFF

 

Lk. frontage with power, primary road, ave/good lake

770-880 PFF

 

Lk. frontage with power, primary road, good/exc lake

880-1100 PFF

 

 

 

 

 

 

 

AVERAGE LAND INCLUDES THE FOLLOWING FEATURES:

 

 

 

 

 

 

 

 

Year round road, good gravel or paved

 

 

Electricity on or very near site

 

 

Reasonable cover, trees and/or nice field

 

 

Typical road frontage for parcel size, gravel or paved