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Iosco 48750
5010 Wells Rd
$158,000
● Land - Off Market

5010 Wells Rd

Oscoda, MI 48750
bedrooms
Studio
bathrooms
0 Bath
$147,576
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Located in Iosco County approximately 5 miles West of Oscoda and 1 mile from Foote Dam Pond and Old Orchard Park.  At just over 21 acres this property was once a full service sawmill.  There is a 40x 100 storage barn, 30×40 heated pole barn as well as a mobile home and a couple of concrete slabs that can make ideal spots to put your camper on.  There is power and a well on site.  This parcel backs up to thousands of acres of the Huron National Forest. The recreational opportunities are endless in this location.  Call today for your private tour!

**Maps contained on our sites are there to simply depict the over all layout or shape of a given property and show what it looks like from an aerial view. These maps are neither a legally recorded map, or any type of a legal survey
Unit Size
-
Days on Market
-
Land Size
21.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$116
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #21104698)

Price History

Date / Event Date Event Price
Oct 4, 2021 Sold
Premium
Sold
Sep 8, 2021 Listed by Michigan Whitetail Properties $130,000
Listed by Michigan Whitetail Properties
Nov 17, 2006 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,040
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 4
  • Property Class: C
  • Land Acres: 0000000024
  • Standard Land Use Code: 2000
  • County Land Use Code: 201
  • Legal Description 1: T24N R8E SEC 33 A 20.93 M/L S 1040 FT OF E 1/2 OF SW 1/4 LY E OF CO RD

Neighborhood

  • School District Name: Oscoda Area Schools
  • School Tax School District: OSCODA SCHOOL
  • Census Tract: 000202

Geography

  • District: 06
  • Parcel: 06203330000175
  • Meridian: SEC 33 TWN 24N RNG 08E
  • Municipality: OSCODA
  • Latitude: 44.4268
  • Longitude: -83.4737

    Address

  • Full Address: 5010 Wells Rd
  • Address - House Number: 5010
  • Address - Street Name: Wells
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Oscoda
  • Carrier Code: H062
  • 4-Digit Zip Code: 9242
  • Zip Code: 48750

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $145,222
  • Tax Rate Code Area: 06

    Market Valuation

  • Market Total Value: $38,400
  • Market Land Value: $38,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,400
  • Assessed Land Value: $38,400

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021007162
  • Previous Sale Recording Date: Nov 17, 2006
  • Previous Sale Contract Date: Nov 01, 2006
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Iosco

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

93

Average Home Size

1847 ft²

Average Home Age

40 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: Trevor Morin, Michigan Whitetail Properties
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21104698
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5010 Wells Road built and last sold?
The property at 5010 Wells Road was built in and last sold on Sep 30, 2021 for $158,000.
How much is this home worth?
The estimated value of the home located at 5010 Wells Road is $0.
What are some comparable homes to 5010 Wells Road?
There are currently no comparable homes to 5010 Wells Road.
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