NOT LISTED FOR SALE

54545 Salo Rd Hancock, MI 49930

Estimated Value: $435,724 - $556,000

4 Beds
2.5 Baths
2,936 Sq Ft
$169/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $287,500 $98 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,941/month

7 Days on Market

Highlights

  • Sauna
  • Deck
  • Ranch Style House
  • Waterfront
  • Wood Burning Stove
  • Home Office

About This Home

As of August 2019

Clean, simple, and incredibly functional. This country home has an AMAZING setting, yet is just a few minutes from Hancock. The property has 10 acres mixed with field, woods, and Lily Creek flowing through it. The house is perched perfectly to give the feeling of being in the trees while enjoying the sound of the creek! The house was built in 2013 and is very comfortable. The main floor has an open living area with vaulted ceiling, arch going to the dining area, and nicely equipped kitchen. There is a huge tiled mudroom to keep all of the outside stuff in one spot and not in the main areas of the house. This room is right off of the insulated 2 car garage! Continuing in the rest of the main floor is a 1/2 bath, bedroom, and master suite with walk-in closet and bathroom. The walkout lower level is finished to the same quality and is a great complement to the main level. The family room is very cozy especially due to the wood stove that takes the edge off of the cold days/nights. The owner has used the wood stove to really help with the heating bills! There are two more bedrooms, laundry room, office, and a really nice sauna! The home is very efficient and even has central air! There is a really nice deck that overlooks the property and has an entry to the dining area and stairs to the back yard, front porch, and a huge concrete pad that is perfect for basketball. This property is in a great location and has amazing curb appeal. Check it out!

Last Agent to Sell the Property

David Jukuri

CENTURY 21 AFFILIATED License #UPAR Listed on: 06/13/2019

CENTURY 21 AFFILIATED

Last Buyer's Agent

REBECCA ZANDER

NORTHERN MICHIGAN LAND BROKERS - H License #UPAR-6501412240

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,863

Year Built

  • Built in 2013

Lot Details

  • 10 Acre Lot
  • Lot Dimensions are 330'x1320'
  • Waterfront

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Wood Burning Stove
  • Home Office
  • Sauna
  • Dishwasher
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Access to stream, creek or river
  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 3100713500815

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,863

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Total Tax Year: 2017
  • Year Built: 2013
  • Mail City: Hancock
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Spa/Sauna
  • Appliances: Dishwasher
  • Fireplaces: Wood Stove
  • Basement: Yes
  • Basement: Full
  • Bedrooms: 4
  • Bedroom 1: On 1st Floor, Dimensions: 10 x 12
  • Bedroom 2: On 1st Floor, Dimensions: 12 x 14
  • Bedroom 3: On Lower Floor, Dimensions: 11 x 13
  • Bedroom 4: On Lower Floor, Dimensions: 11 x 13
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Bathroom 1: On Level: First
  • Bathroom 2: On Level: First
  • Bathroom 3: On Level: Lower
  • Room Types: First Floor Bedroom, Home Office, First Flr Full Bathroom, Primary Bdrm Suite
  • Breakfast Nook: On 1st Floor, Dimensions: 11 x 14
  • Family Room: On Lower Floor, Dimensions: 18 x 13
  • Kitchen: On 1st Floor, Dimensions: 11 x 16
  • Living Room: On 1st Floor, Dimensions: 20 x 18
  • Below Grade Sq Ft: 1628
  • Finished Below Grade Sq Ft: 1308
  • Above Grade Finished Sq Ft: 1628
  • Total Finished Sq Ft: 2936
  • Half Bathrooms: 1

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Deck, Porch
  • Foundation: Basement
  • Frontage: 600
  • Lake Name: Lily Creek
  • Road: City/County
  • Water Features: Creek/Stream/Brook
  • Waterfront: Yes
  • Frontage Type: Water

Garage/Parking

  • Garage: Attached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: LP/Propane Gas, Wood
  • Sewer: Septic
  • Water: Private Well
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: 3100713500815
  • Lot Dimensions: 330'x1320'
  • Acreage: 10
  • Geo Subdivision: MI

Tax Info

  • Total Tax: Year: 2017

MLS Schools

  • School District: Hancock Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2019
Closed on
Aug 1, 2019
Sold by
Steven Koskel and Steven Mary A
Bought by
Brey James R
Seller's Agent
David Jukuri
CENTURY 21 AFFILIATED
Buyer's Agent
REBECCA ZANDER
NORTHERN MICHIGAN LAND BROKERS - H
List Price
$295,000
Sold Price
$287,500
Premium/Discount to List
-$7,500
-2.54%
Current Estimated Value
$495,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,362
Avg. Annual Appreciation
9.38%
Original Mortgage
$258,750
Outstanding Balance
$227,566
Interest Rate
3.8%
Mortgage Type
Construction
Estimated Equity
$268,296
Source: Public Records

Range of Values:

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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
Brey James R $287,500 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brey James R $258,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $287,500 -2.5% $98 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $295,000 -- $100 / 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 $2,863 $181,200 $0 $0
2024 $1,207 $144,300 $0 $0
2023 $1,151 $128,900 $0 $0
2022 $2,861 $119,700 $0 $0
2021 $2,847 $106,400 $0 $0
2020 $2,808 $84,765 $0 $0
2019 $2,441 $97,238 $0 $0
2018 $2,400 $80,852 $0 $0
2017 $2,253 $80,143 $0 $0
2016 -- $77,108 $0 $0
2015 -- $72,549 $0 $0
2014 -- $35,312 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10036670

Upper Peninsula Association of REALTORS®

APN: 007-135-008-15