NOT LISTED FOR SALE

20755 E 2nd St Hancock, MI 49930

Estimated Value: $123,000 - $156,000

5 Beds
2 Baths
2,512 Sq Ft
$56/Sq Ft Est. Value

Last Sold November 21, 2022

Last sale price $143,000 $57 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $737/month

16 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • Forced Air Heating System
  • Traditional Architecture
  • 2 Car Detached Garage

About This Home

As of November 2022

FRANKLIN TOWNSHIP - INVESTMENT PROPERTY - Just minutes from the Portage Lift bridge and a reasonable drive to both Michigan Tech and Finlandia University's campuses. This 5 bedroom, 2 bathroom home has a great rental history and lots of space for private tenant areas and common living, dining and kitchen areas. The front of the home faces M26 and has a deck with a view of the Portage Lake area from some angles. Tenants have some on site parking behind the home. There is an additional lot that fronts on Burt Street and includes a 2 car garage for storage or additional parking. Current lease is through May 14th, 2023, monthly rent of $1,525 per month, tenants pay all utilities, landlord provides plowed parking. Current tenants may have group for the next lease period as well. Approximate Garage Lot Size: 89x81x90x102+/- All maps are approximated. 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. Some photos are from 2021. Tax info is a mix of 2021 and 2022 taxes. Property was reassessed for 2022 so only have received the summer bill in 2022.

Last Agent to Sell the Property

KRISTINE WEIDNER (JUKURI)

CENTURY 21 AFFILIATED License #UPAR-6502319714 Listed on: 09/22/2022

CENTURY 21 AFFILIATED

Last Buyer's Agent

Mark Coon

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

RE/MAX DOUGLASS R.E.-H

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 0.59 Acre Lot
  • 65 Ft Wide Lot
  • Sloped Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Asphalt

Interior Spaces

  • 2,512 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Stone Basement
  • Crawl Space

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 31-006-165-022-00 and 1 more

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Traditional
  • Structure Style: 2 Story
  • Total Tax Amount: 1874.98
  • Total Tax Year: 2021
  • Year Built: 1920
  • Mail City: Hancock
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Basement: Yes
  • Basement: Partial, Stone
  • Bedrooms: 5
  • Bedroom 1: On 1st Floor, Dimensions: 14 x 15
  • Bedroom 2: On 2nd Floor, Dimensions: 10 x 14
  • Bedroom 3: On 2nd Floor, Dimensions: 10 x 14
  • Bedroom 4: On 2nd Floor, Dimensions: 12 x 11
  • Bedroom 5: On 2nd Floor, Dimensions: 9 x 11
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: On Level: Second
  • Bathroom 2: On Level: Second
  • Room Types: First Floor Bedroom
  • Dining Room: On 1st Floor, Dimensions: 14 x 10
  • Kitchen: On 1st Floor, Dimensions: 14 x 14
  • Living Room: On 1st Floor, Dimensions: 14 x 14
  • Below Grade Sq Ft: 1030
  • Above Grade Finished Sq Ft: 2512
  • Total Finished Sq Ft: 2512

Exterior Features

  • Exterior: Asphalt
  • Exterior Features: Deck
  • Foundation: Crawl, Partial Basement
  • Frontage: 65
  • Lake Name: Portage
  • Road: City/County, Year Round
  • Frontage Type: Road

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2
  • Parking: 3 or More Spaces
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Assessor Parcel Number: 31-006-165-022-00 and 1 more
  • Lot Dimensions: 65x275+/- & TBD on Burt
  • Acreage: 0.59
  • Geo Subdivision: MI
  • Site/Lot Features: Sloping

Tax Info

  • Summer Tax: Year: 2022, Amount: $652.98
  • Winter Tax: Year: 2021, Amount: $1,222.00
  • Total Tax: Year: 2021, Amount: $1,874.98

MLS Schools

  • School District: Hancock Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Nov 21, 2022
Sold by
Palosaari Eric
Bought by
North Coast Rentals Llc
Seller's Agent
KRISTINE WEIDNER (JUKURI)
CENTURY 21 AFFILIATED
Buyer's Agent
Mark Coon
RE/MAX DOUGLASS R.E.-H
List Price
$139,000
Sold Price
$143,000
Premium/Discount to List
$4,000
2.88%
Current Estimated Value
$139,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,500
Avg. Annual Appreciation
-0.78%
Original Mortgage
$32,000
Outstanding Balance
$30,982
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$108,518

Purchase Details

Closed on
Feb 19, 2010
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
North Coast Rentals Llc $143,000 Keweenaw Title Agcy
-- $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open North Coast Rentals Llc $32,000
Closed North Coast Rentals Llc $249,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2022 11/21/22 Sold $143,000 +2.9% $57 / Sq Ft
10/08/2022 10/08/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $139,000 -- $55 / 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 $80 $8,284 $0 $0
2024 $1 $7,179 $0 $0
2023 $73 $5,953 $0 $0
2022 $267 $5,110 $0 $0
2021 $154 $4,918 $0 $0
2020 $165 $2,958 $0 $0
2019 $159 $3,070 $0 $0
2018 $156 $2,799 $0 $0
2017 $156 $2,859 $0 $0
2016 -- $6,869 $0 $0
2015 -- $6,869 $0 $0
2014 -- $6,708 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50091015

Upper Peninsula Association of REALTORS®

APN: 006-125-046-00