NOT LISTED FOR SALE

1036 Summit St Hancock, MI 49930

Estimated Value: $171,946 - $214,000

Studio
-- Bath
2,380 Sq Ft
$81/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $141,000 $59 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,283/month

56 Days on Market

Highlights

  • Wood Flooring
  • Shed
  • Hot Water Heating System

About This Home

As of March 2022

Whether you are looking for an investment opportunity or to house hack by living in one of the units, you have to check out this up/down duplex. The property is registered with the city. Each unit currently leases for $750/month and consists of 2 bedrooms and 1 bath, with a large kitchen, living room, and dining room. Both units feature hardwoods floors and historic hardwood trim and built-ins. The house also includes additional space up on the 3rd floor that can be utilized, parking spaces for 4+ vehicles, and a large shed in the backyard. Seller just installed a new boiler/hot water system.

Last Agent to Sell the Property

Adam Shirey

RE/MAX DOUGLASS R.E.-H License #UPAR-6501435183 Listed on: 12/21/2021

RE/MAX DOUGLASS R.E.-H

Last Buyer's Agent

Jennifer Deephouse

STATE WIDE OF HOUGHTON License #UPAR

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Parking

  • 3 Car Parking Spaces

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Additional Features

  • Shed
  • Hot Water Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 03105161602300

Property Details

Home Type

Multi-Family

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
  • Sub Structure Types: Shed
  • Total Tax Year: 2021
  • Year Built: 1900
  • Mail City: Hancock
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors
  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Roads: City/County, Year Round

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Hot Water
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 03105161602300
  • Lot Dimensions: 50 x 100
  • Acreage: 0.11
  • Geo Subdivision: MI

Multi Family

  • Total Units: 2

Tax Info

  • Total Tax: Year: 2021

MLS Schools

  • School District: Hancock Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2021
Closed on
Mar 24, 2022
Sold by
Stites Robert A
Bought by
Rawhouser Kaitlyn L
Seller's Agent
Adam Shirey
RE/MAX DOUGLASS R.E.-H
Buyer's Agent
Jennifer Deephouse
STATE WIDE OF HOUGHTON
List Price
$139,900
Sold Price
$141,000
Premium/Discount to List
$1,100
0.79%
Current Estimated Value
$193,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,237
Avg. Annual Appreciation
8.67%
Original Mortgage
$76,000
Outstanding Balance
$71,206
Interest Rate
4.17%
Mortgage Type
Construction
Estimated Equity
$122,031

Purchase Details

Closed on
Nov 10, 2020
Sold by
Superior Natl Bk & Trust Co
Bought by
Stites Robert A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rawhouser Kaitlyn L $141,000 M&M Title
Stites Robert A $30,000 Keweenaw Title Agcy
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rawhouser Kaitlyn L $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $141,000 +0.8% $59 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
12/21/2021 12/21/21 For Sale $139,900 -- $59 / 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 $3,277 $78,004 $0 $0
2024 $32 $73,451 $0 $0
2023 $3,055 $64,025 $0 $0
2022 $2,767 $50,670 $0 $0
2021 $2,678 $42,167 $0 $0
2020 $1,788 $41,140 $0 $0
2019 $1,264 $39,660 $0 $0
2018 $1,197 $35,894 $0 $0
2017 $1,150 $36,136 $0 $0
2016 -- $36,334 $0 $0
2015 -- $36,334 $0 $0
2014 -- $34,937 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Shirey

    Seller's Agent in 2022

    Adam Shirey

    RE/MAX DOUGLASS R.E.-H

    (616) 799-1038

    18 in this area

    133 Total Sales

    Adam Shirey
    Section Image
  • Jennifer Deephouse

    Buyer's Agent in 2022

    Jennifer Deephouse

    STATE WIDE OF HOUGHTON

    (906) 370-6955

    34 in this area

    196 Total Sales

    Jennifer Deephouse
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072624

Upper Peninsula Association of REALTORS®

APN: 051-616-023-00

Michigan Houghton County Hancock 49930

1036 Summit St, Hancock, MI

Not Listed for Sale

MultiFamily

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