NOT LISTED FOR SALE

1027 Minnesota St Hancock, MI 49930

Estimated Value: $135,164

2 Beds
2 Baths
1,986 Sq Ft
$68/Sq Ft Est. Value

Last Sold April 19, 2023

Last sale price $116,000 $58 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $848/month

5 Days on Market

About This Home

As of April 2023

Two Unit Investment Opportunity! This Up/Down duplex is a great building to start a portfolio or add to an existing. Each unit has 2 bedrooms, living room, kitchen, and bathroom. The building is not far from Downtown Hancock, hospital, ski trails, as well as Houghton and Michigan Tech! The building is currently leased through May of 2023. Heat and Water are included in the rent. The lower unit is currently rented for $550 per month and the upper unit is rented for $500 per month. Heat and water are included in the rent with the tenants paying for electricity. There is a garage off of the alley. The alley is not plowed in the winter. Great building to consider! NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect property, verify all information & bears all risks for any inaccuracies. Tax information is subject to change. All measurements (acres, lot size, square footage etc) are estimated. Sellers may have audio/video recording devices present on property. By entering or being on property, Buyer, and Buyer’s agent consent to being recorded.

Last Agent to Sell the Property

David Jukuri

CENTURY 21 AFFILIATED License #UPAR Listed on: 03/09/2023

CENTURY 21 AFFILIATED

Last Buyer's Agent

KRISTINE WEIDNER (JUKURI)

CENTURY 21 AFFILIATED License #UPAR-6502319714

CENTURY 21 AFFILIATED

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 33'x112'

Parking

  • 1 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 2 Units
  • West Hancock Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31-051-611-021-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,267

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1679
  • Total Tax Year: 2021
  • Year Built: 1900
  • Mail City: Hancock
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 1986

Exterior Features

  • Frontage: 33
  • Foundation Type: Basement
  • Roads: Alley, City/County, Seasonal

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 1

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 31-051-611-021-00
  • Lot Dimensions: 33'x112'
  • Acreage: 0.08
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Less Than 1 Year

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,571.00
  • Winter Tax: Year: 2021, Amount: $108.00
  • Total Tax: Year: 2021, Amount: $1,679.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Hancock Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
Apr 18, 2023
Sold by
Copper Country Investments Llc
Bought by
Silver Star Rentals Llc
Seller's Agent
David Jukuri
CENTURY 21 AFFILIATED
Buyer's Agent
KRISTINE WEIDNER (JUKURI)
CENTURY 21 AFFILIATED
List Price
$109,000
Sold Price
$116,000
Premium/Discount to List
$7,000
6.42%
Current Estimated Value
$135,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,164
Avg. Annual Appreciation
6.08%
Original Mortgage
$92,800
Outstanding Balance
$90,196
Interest Rate
6.34%
Mortgage Type
Construction
Estimated Equity
$43,611

Purchase Details

Listed on
Jun 27, 2022
Closed on
Aug 16, 2022
Sold by
Isaacson Mary R E L Tr
Bought by
Copper Country Investments Llc
Seller's Agent
Karen Lahti
RE/MAX DOUGLASS R.E.-H
Buyer's Agent
David Jukuri
CENTURY 21 AFFILIATED
List Price
$82,500
Sold Price
$82,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.30%
Original Mortgage
$66,000
Interest Rate
5.22%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 13, 1995
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Silver Star Rentals Llc $116,000 M&M Title
Copper Country Investments Llc $82,500 M&M Title
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silver Star Rentals Llc $92,800
Previous Owner Copper Country Investments Llc $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $116,000 +6.4% $58 / Sq Ft
03/09/2023 03/09/23 For Sale $109,000 +32.1% $55 / Sq Ft
08/17/2022 08/17/22 Sold $82,500 0.0% $42 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $82,500 -- $42 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,267 $76,754 $0 $0
2024 $3,999 $70,962 $0 $0
2023 $3,277 $57,695 $0 $0
2022 $1,735 $44,961 $0 $0
2021 $1,679 $41,983 $0 $0
2020 $1,658 $38,166 $0 $0
2019 $1,637 $37,486 $0 $0
2018 $1,564 $44,716 $0 $0
2017 $1,511 $43,319 $0 $0
2016 -- $27,648 $0 $0
2015 -- $27,648 $0 $0
2014 -- $26,585 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Jukuri

    Seller's Agent in 2023

    David Jukuri

    CENTURY 21 AFFILIATED

    (906) 524-2121

    48 in this area

    234 Total Sales

    David Jukuri
    Section Image
  • KRISTINE WEIDNER (JUKURI)

    Buyer's Agent in 2023

    KRISTINE WEIDNER (JUKURI)

    CENTURY 21 AFFILIATED

    (906) 281-1848

    79 in this area

    596 Total Sales

    KRISTINE WEIDNER (JUKURI)
    Section Image
  • Karen Lahti

    Seller's Agent in 2022

    Karen Lahti

    RE/MAX DOUGLASS R.E.-H

    (906) 370-4045

    23 in this area

    342 Total Sales

    Karen Lahti
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50103129

Upper Peninsula Association of REALTORS®

APN: 051-611-021-00

Michigan Houghton County Hancock 49930

1027 Minnesota St, Hancock, MI

This home is located at 1027 Minnesota St, Hancock, MI 49930 since 09 March 2023 and is currently estimated at $135,164, approximately $68 per square foot. This property was built in 1900. 1027 Minnesota St is a home located in Houghton County with nearby schools including Barkell Elementary School and Hancock Middle/High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Upper Peninsula Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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