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Jenn Smart

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52175 M203 , Hancock, MI 49930
$399,000
Est. Payment: $886.67/mo
4 Bed
2 Bath
2020 Sqft
Status: active | Days on site: 4
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

PORTAGE LAKE! This two-unit waterfront property sits on approximately 332 feet of Portage Canal frontage. Each residential unit has 2 bedrooms, 1 full bathroom, and a private entrance. The waterfront-side unit features an eat-in kitchen, a living room with large windows overlooking the canal, a main-floor bedroom, a full bathroom, a second-floor private bedroom, and a walkout basement with convenient waterfront access. The second unit includes an eat-in kitchen, living room, and full bathroom on the main floor, with 2 bedrooms upstairs. Both units are tenant-occupied with signed leases and flexible terms for landlords; leases may be shared for a buyer’s review with a prequalification letter and/or proof of funds. Outside, the property offers approximately [enter frontage here based on survey] feet of waterfront, 2 permanent docks, a rustic wood-fired sauna, and a sizable roadside storage shed for outdoor equipment and recreational gear. This is a special opportunity to own Portage Canal waterfront property with existing rental income potential until you are ready to occupy and enjoy it yourself. Since 2022, the seller has completed many updates, including some of the following: flooring, electrical, plumbing, appliances, kitchen fixtures, bathroom fixtures, exterior improvements, drywall, painting, and more. A list of updates is available upon request. Leases to transfer at closing. ------ NOTICE: Information is believed accurate but not guaranteed. Buyers must inspect & verify all property details. Buyers accept all risks of inaccuracies, including but not limited to, acreage, lot size/location, square footage, & utility availability/costs. Real estate taxes will be reassessed & may change significantly after sale; do not assume your tax bills will match the seller’s. Taxes are not zero. GIS, apps and plat book pages/maps are not surveys. Buyer pre-approval or proof of funds documentation to be provided upon request. ------OFFERS: Please allow 72 hours for a response. Seller may set or change offer deadlines at any time with or without notice.

Highlights

Listed by EMMETT LARSON , 906-370-9857 and KRISTINE WEIDNER (JUKURI) , 906-281-1848 CENTURY 21 AFFILIATED , 906-482-0001.

Property Type

Residential

Lot/Acreage
0.27

Year Built

1920

County

Houghton

Area

Hancock Twp (31012)

Neighborhood

.

School District

Hancock Public Schools

Listing ID

50220117

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Air Cond:Ceiling Fan(s)
Fireplaces:
Above Ground Sq Ft:2020
Below Ground Sq Ft:0
Basement:Block,Full,Outside Entrance,Interior Access,Unfinished
Other:
  • Additional:None (InteriorFeatures)
Water:Private Well

Exterior Features

Lot Dimensions:332x34x332x50+/- See Surv
Zoning:Other
Others:
  • Additional:Deck
Sewer:Septic
Parking Features:Paved Driveway
Principal Interest
$887
Taxes
$254

Home Price

$399,000

Loan Details

30 yrs
%

Down Payment

20%
$79,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$886.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $886.67 $254.36 $0.00 $1,141.03
Yearly $10,640.00 $3,052.35 $0.00 $13,692.35
Total $319,200.00 $91,570.50 $0.00 $410,770.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Hancock, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.