NOT LISTED FOR SALE

702 Lake Ave Hancock, MI 49930

Estimated Value: $241,000 - $284,026

6 Beds
2 Baths
3,230 Sq Ft
$81/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $120,000 $37 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,617/month

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Wood Siding

About This Home

As of June 2022

While classified as a 'single family home' , the home has two sides, upper and lower and was most likely a duplex in earlier times. The access between the two areas is easily accomplished. The home has charm and is in a nice residential area of Hancock, with a view of the Portage Canal in the distance. There is much potential for a re-design of the floor plan.

Last Agent to Sell the Property

Karen Lahti

RE/MAX DOUGLASS R.E.-H License #UPAR Listed on: 06/21/2022

RE/MAX DOUGLASS R.E.-H

Last Buyer's Agent

Karen Lahti

RE/MAX DOUGLASS R.E.-H License #UPAR Listed on: 06/21/2022

RE/MAX DOUGLASS R.E.-H

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,460

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • 54 Ft Wide Lot

Home Design

  • Wood Siding

Interior Spaces

  • 3,230 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 31 051 427 026 00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,460

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Structure Style: 2 Story
  • Total Tax Year: 2022
  • Year Built: 1900
  • Mail City: Hancock
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement: Full
  • Bedrooms: 6
  • Bedroom 1: On Lower Floor, Dimensions: 11 x 11
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On Main Floor, Dimensions: 12 x 11
  • Bedroom 2 Floor Covering: Wood
  • Bedroom 3: On Main Floor, Dimensions: 12 x 12
  • Bedroom 3 Floor Covering: Wood
  • Bedroom 4: On Main Floor, Dimensions: 10 x 10
  • Bedroom 4 Floor Covering: Wood
  • Bedroom 5: On Upper Floor, Dimensions: 11 x 11
  • Bedroom 5 Floor Covering: Linoleum
  • Bedroom 6: On Upper Floor, Dimensions: 12 x 11
  • Bedroom 6 Floor Covering: Linoleum
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: Dimensions: 7 x 10, On Level: Main, Flooring: Linoleum
  • Bathroom 2: Dimensions: 10 x 7, On Level: Main, Flooring: Linoleum
  • Dining Room: On Main Floor, Dimensions: 12 x 10
  • Dining Room Floor Covering: Wood
  • Kitchen: On Main Floor, Dimensions: 13 x 11
  • Kitchen Floor Covering: Linoleum
  • Laundry: On Main Floor, Dimensions: 5 x 4
  • Laundry Room Floor Covering: Linoleum
  • Living Room: On Main Floor, Dimensions: 11 x 11
  • Living Room Floor Covering: Wood
  • Below Grade Sq Ft: 1734
  • Above Grade Finished Sq Ft: 3230
  • Total Finished Sq Ft: 3230

Exterior Features

  • Exterior: Wood
  • Foundation: Basement
  • Frontage: 54
  • Lake Name: Portage Canal
  • Road: City/County
  • Water Features: Water View
  • Sideof Street: S
  • Frontage Type: Road

Garage/Parking

  • Garage: No

Utilities

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

Lot Info

  • Assessor Parcel Number: 31 051 427 026 00
  • Zoning: Residential
  • Lot Dimensions: 30x185, 24 x 133
  • Acreage: 0.2
  • Geo Subdivision: MI
  • Site/Lot Features: City Limits

Tax Info

  • Summer Tax: Year: 2022
  • Winter Tax: Year: 2022
  • Taxable Value: 45126
  • Total Tax: Year: 2022
  • Village Tax Year: 2022
  • SEV Year: 2022

MLS Schools

  • School District: Hancock Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2025
Sold by
Pizzi Joseph V
Bought by
Feldhusen Patrick
Current Estimated Value
$261,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Outstanding Balance
$183,165
Interest Rate
0.75%
Mortgage Type
New Conventional
Estimated Equity
$78,177
Source: Public Records

Range of Values:

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Average Value
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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
Feldhusen Patrick $235,000 Transnation Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feldhusen Patrick $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2022 06/21/22 Sold $120,000 0.0% $37 / Sq Ft
06/21/2022 06/21/22 For Sale $120,000 +96.7% $37 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
08/30/2019 08/30/19 Sold $61,000 -6.2% $24 / Sq Ft
08/29/2019 08/29/19 For Sale $65,000 -- $26 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
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 $2,460 $75,306 $0 $0
2024 $2,238 $67,230 $0 $0
2023 $2,157 $55,842 $0 $0
2022 $2,867 $50,092 $0 $0
2020 -- $48,805 $0 $0
2019 -- $94,212 $0 $0
2018 -- $86,826 $0 $0
2017 -- $76,169 $0 $0
2016 -- $34,150 $0 $0
2015 -- $34,150 $0 $0
2014 -- $32,837 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50079710

Upper Peninsula Association of REALTORS®

APN: 051-427-026-00