NOT LISTED FOR SALE

1209 Summit St Hancock, MI 49930

Estimated Value: $86,999

Studio
2 Baths
1,650 Sq Ft
$53/Sq Ft Est. Value

Last Sold August 15, 2014

Last sale price $45,000 $27 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $647/month

357 Days on Market

Highlights

  • 2 Car Detached Garage
  • Porch
  • Forced Air Heating System

About This Home

As of August 2014

Great investment opportunity in Hancock. A two story duplex on a double lot with a two car detached garage. 2 bedrooms, 1 bath per unit, heat included in the rent. Both units are rented. Close to Finlandia college, ski trails, and grocery store.

Last Agent to Sell the Property

Jason Gagnon

AMERICAN FOREST MANAGEMENT License #UPAR Listed on: 07/16/2013

Last Buyer's Agent

BARBARA PARKER

RE/MAX DOUGLASS R.E.-H License #UPAR

RE/MAX DOUGLASS R.E.-H

Property Details

Home Type

  • Multi-Family

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100x100

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

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

Additional Features

  • Porch
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 3105163001300

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 19
  • Mail City: Hancock
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2

Utilities

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

Lot Info

  • Assessor Parcel Number: 3105163001300
  • Lot Dimensions: 100x100
  • Acreage: 0.23
  • Geo Subdivision: MI

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Hancock Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2020
Sold by
Laitinen Eric W and Laitinen Joy L
Bought by
Torola David and Torola Ann
Current Estimated Value
$86,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,600
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 16, 2013
Closed on
Aug 13, 2014
Bought by
Laitinen Eric W and Laitinen Joy L
Seller's Agent
Jason Gagnon
AMERICAN FOREST MANAGEMENT
Buyer's Agent
BARBARA PARKER
RE/MAX DOUGLASS R.E.-H
List Price
$55,000
Sold Price
$45,000
Premium/Discount to List
-$10,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
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
Torola David $57,000 Attorney Only
Laitinen Eric W $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Torola David $56,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2014 08/15/14 Sold $45,000 -18.2% $27 / Sq Ft
07/08/2014 07/08/14 Pending -- -- --
07/16/2013 07/16/13 For Sale $55,000 -- $33 / 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 $2,316 $68,792 $0 $0
2024 $23 $58,174 $0 $0
2023 $2,155 $47,346 $0 $0
2022 $2,296 $38,099 $0 $0
2021 $2,222 $34,989 $0 $0
2020 $2,410 $37,823 $0 $0
2019 $2,380 $37,200 $0 $0
2018 $2,311 $36,911 $0 $0
2017 $2,256 $36,932 $0 $0
2016 -- $36,203 $0 $0
2015 -- $36,203 $0 $0
2014 -- $34,811 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jason Gagnon

    AMERICAN FOREST MANAGEMENT

  • BARBARA PARKER

    Buyer's Agent in 2014

    BARBARA PARKER

    RE/MAX DOUGLASS R.E.-H

    (906) 281-1677

    27 in this area

    147 Total Sales

    BARBARA PARKER
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10071359

Upper Peninsula Association of REALTORS®

APN: 051-630-013-00

Michigan Houghton County Hancock 49930

1209 Summit St, Hancock, MI

Not Listed for Sale

MultiFamily

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