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Single Family ResidenceResidential
$195,891$242 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 82How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $179,000 on Jul 22, 2025

501 BLACK RIVER LN

BESSEMER, MI 49911
3
Beds
1
Baths
810 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.53 ac
Lot SizeThe size of the land the home sits on, from county records.
1925
Year BuiltThe year the home was originally built, according to county records.
3
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
4
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$196K
$161K low$231K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$179,000 · Jul 22, 2025
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$155,891
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$124,713
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.20%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$40,000
COVANTAGE CU · recorded Sep 29, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$989 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$48,967 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$6,060
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$42,907
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$45,663
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$97,934

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyGOGEBIC
Lot (acres)The size of the land the home sits on, from county records.0.53
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Ad Johnston Jr/Sr High SchoolB-
Middle · Grades 7–12 · 0.7 mi
E
Washington SchoolC-
Elementary · Grades KG–6 · 1.0 mi

District: Bessemer Area School District

Neighborhood · ZIP 49911These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.109
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.87
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.16

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.73%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.17%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.2,498
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.44 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$54,785
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$65,719
Average tempThe average temperature here across a full year.41°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.45%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

501 Black River Ln measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 84% of homes in Bessemer 49911
  • Costs more per square foot than 98% of homes in Bessemer 49911
  • Smaller than 87% of homes in Bessemer 49911

What homes are worth in Bessemer 49911

Each bar is how many homes fall in that price range. The marker is this home.

This home
$26K$357K

This home is worth more than 84% of homes in Bessemer 49911.

How it measures up in Bessemer 49911

The dot is this home. The mark in the middle is the typical home in Bessemer 49911.

Estimated value$195,891
CheaperTypical $97,025Pricier

Pricier than 84% of homes nearby

Price per ft²$242
CheaperTypical $89Pricier

Pricier than 98% of homes nearby

Living area810 ft²
SmallerTypical 1,186 ft²Bigger

Bigger than 13% of homes nearby

Lot size0.53 ac
SmallerTypical 0.32 acBigger

Bigger than 63% of homes nearby

Year built1925
OlderTypical 1920Newer

Newer than 53% of homes nearby

How 501 Black River Ln ranks against every home in each area.
MeasureThis homeBessemer 49911Gogebic County
Estimated valuepricier than$195,89184% of homes73% of homes
Price per ft²pricier than$24298% of homes84% of homes
Living areabigger than810 ft²13% of homes18% of homes
Lot sizebigger than0.53 ac63% of homes48% of homes
Year builtnewer than192553% of homes43% of homes

About 501 Black River Ln

How much is 501 Black River Ln, Bessemer, MI worth?

The TopHap Estimate for 501 Black River Ln, Bessemer, MI is $195,891 as of Jul 14, 2026. The likely range is $161,281 to $230,501. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 501 Black River Ln, Bessemer, MI last sell?

501 Black River Ln, Bessemer, MI last sold on Jul 22, 2025 for $179,000, according to the county's recorded deed.

How big is 501 Black River Ln, Bessemer, MI?

501 Black River Ln, Bessemer, MI has 3 bedrooms, 1 bathrooms, 810 square feet of living space and a 0.53-acre lot.

When was 501 Black River Ln, Bessemer, MI built?

501 Black River Ln, Bessemer, MI was built in 1925, making it 101 years old. The building has 3 stories.

What schools serve 501 Black River Ln, Bessemer, MI?

501 Black River Ln, Bessemer, MI is assigned to Ad Johnston Jr/Sr High School (middle), rated B-; Washington School (elementary), rated C-. All sit in Bessemer Area School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 501 Black River Ln, Bessemer, MI compare to other homes in Bessemer 49911?

Among the 1,993 homes in Bessemer 49911, it is worth more than 84% of them ($195,891 against a typical $97,025), its price per square foot is higher than 98% of them ($242 against a typical $89), it is bigger than 13% of them (810 ft² against a typical 1,186 ft²), its lot is bigger than 63% of them (0.53 ac against a typical 0.32 ac) and it is newer than 53% of them (1925 against a typical 1920). Measured against all of Gogebic County, it is worth more than 73% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 501 Black River Ln, Bessemer, MI?

The 2024 property tax bill for 501 Black River Ln, Bessemer, MI was $989. The county assessed it at $48,967.

Closest homes

More homes in Bessemer 49911

Assigned schools

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