NOT LISTED FOR SALE

903 Elm St Hancock, MI 49930

Estimated Value: $247,000 - $280,214

4 Beds
2 Baths
1,632 Sq Ft
$164/Sq Ft Est. Value

Last Sold November 22, 2022

Last sale price $190,000 $116 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,831/month

10 Days on Market

Highlights

  • Corner Lot
  • Community Wi-Fi
  • 1 Car Garage
  • Workshop
  • Laundry in Utility Room

About This Home

As of November 2022

"Income Opportunity" 2Bdrm, 1Bath Duplex in Hancock, 1 Car tuck under garage, Raised Ranch. Additional living space in the full unfinished basement is a definite possibility. Property was utilization as Mother-In-Law home. Live in one side and rent out the other to pay your mortgage.

Last Agent to Sell the Property

Mike Borsum

RE/MAX DOUGLASS R.E.-H License #UPAR-6501278088 Listed on: 09/29/2022

RE/MAX DOUGLASS R.E.-H

Last Buyer's Agent

Jeremy Rowe

NORTHERN MICHIGAN LAND BROKERS - H License #UPAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1975

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 163x116x100x100
  • Corner Lot

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Workshop
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 1 Car Garage
  • Garage Door Opener

Utilities

  • Separate Meters
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 051-620-011-00

Community Details

Overview

  • 2 Units
  • Condons 2Nd Add To West Hancock Subdivision

Amenities

  • Community Wi-Fi

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,917

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: Condo/Ranch 1st Flr
  • Styles: Raised Ranch
  • Total Tax Amount: 3089
  • Year Built: 1975
  • Mail City: Hancock
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block, Full, Outside Entrance, Walk Out
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Sub Room Description: Utility/Laundry Room, Workshop
  • Source of Sq Ft: Measured
  • Estimated Sq Ft: 1632

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Street Lights
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Garage/Parking

  • Garage Type: Basement Garage, Gar Door Opener
  • Garage Spaces: 1
  • Parking: 3 Or More Spaces, Garage

Utilities

  • Water: Public Water
  • Water Heater: Electric
  • Fuel Type: Electric
  • Heating System: Electric Heat
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Sidewalks, Street Lights, Wi-Fi Available

Lot Info

  • Assessor Parcel Number: 051-620-011-00
  • Location: Corner Lot
  • Lot Dimensions: 163x116x100x100
  • Acreage: 0.3
  • Lot Description: Large Lot - 65+ Ft.
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Taxes

Tax Info

  • Summer Tax: Year: 2021, Amount: $2,891.00
  • Winter Tax: Year: 2021, Amount: $198.00
  • Taxable Value: 50240
  • Total Tax: Amount: $3,089.00
  • SEV Year: 2022

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Hancock Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2022
Closed on
Nov 14, 2022
Sold by
Manninen Kenneth E
Bought by
Ding Xiaochu
Seller's Agent
Mike Borsum
RE/MAX DOUGLASS R.E.-H
Buyer's Agent
Jeremy Rowe
NORTHERN MICHIGAN LAND BROKERS - H
List Price
$209,000
Sold Price
$190,000
Premium/Discount to List
-$19,000
-9.09%
Current Estimated Value
$268,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,071
Avg. Annual Appreciation
12.65%
Original Mortgage
$161,500
Outstanding Balance
$148,769
Interest Rate
6.14%
Mortgage Type
New Conventional
Estimated Equity
$119,302
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
Ding Xiaochu $190,000 M&M Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ding Xiaochu $161,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2022 11/22/22 Sold $190,000 -9.1% $116 / Sq Ft
09/29/2022 09/29/22 For Sale $209,000 -- $128 / 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 $4,917 $143,617 $0 $0
2024 $4,474 $132,634 $0 $0
2023 $4,311 $111,619 $0 $0
2022 $3,192 $88,200 $0 $0
2021 $3,089 $83,246 $0 $0
2020 $3,050 $76,089 $0 $0
2019 $3,011 $74,107 $0 $0
2018 $2,878 $73,418 $0 $0
2017 $2,780 $83,609 $0 $0
2016 -- $62,066 $0 $0
2015 -- $62,066 $0 $0
2014 -- $62,066 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mike Borsum

    RE/MAX DOUGLASS R.E.-H

    (906) 370-6738

    8 in this area

    28 Total Sales

    Mike Borsum
    Section Image
  • Jeremy Rowe

    Buyer's Agent in 2022

    Jeremy Rowe

    NORTHERN MICHIGAN LAND BROKERS - H

    (906) 281-3825

    12 in this area

    135 Total Sales

    Jeremy Rowe
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50091771

Upper Peninsula Association of REALTORS®

APN: 051-620-011-00

Michigan Houghton County Hancock 49930

903 Elm St, Hancock, MI

This home is located at 903 Elm St, Hancock, MI 49930 since 29 September 2022 and is currently estimated at $268,071, approximately $164 per square foot. This property was built in 1975. 903 Elm St is a home located in Houghton County with nearby schools including Barkell Elementary School and Hancock Middle/High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Upper Peninsula Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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