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Hanover 49241
119 E STATE ST
$97,000
● House - Off Market

119 E STATE ST

Hanover, MI 49241
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,113 Ft²
$156,733
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Bring an offer! Spacious four bedroom home on a wooded lot in village of Hanover. Open floor plan, renovated kitchen, main floor laundry, and large bedrooms. A fifth bedroom or second bath is possible in unfinished room on main floor. Garage is extra deep and could fit four cars or your workshop, and has a side room for entertaining. Shed is also very large and could be used for even more storage. Roof is newer within last 12 years, and tankless water heater, furnace, electrical, a/c and thermostat have been updated in the past 8 years. This home has had a ton of work done on it, and just needs a little more to make it beautiful again.
Unit Size
2,113 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$46
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #21057304)

Price History

Date / Event Date Event Price
Oct 15, 2021 Sold
Premium
Sold
May 12, 2017 Sold
Premium
Sold
Feb 14, 2017 Listed by PRODUCTION REALTY $97,000
Listed by PRODUCTION REALTY
Nov 3, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 616
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,191
  • Lot Size Depth Feet: 2,440
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,782
  • Building Area: 1,782
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,782
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL VILLAGE OF HANOVER
  • Land Acres: 0000000739
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 23, 24, 25 AND 26 BLOCK 9 ORIGINAL PLAT, VILLAGE OF HANOVER

Neighborhood

  • School District Name: Hanover-Horton Schools
  • School Tax School District: 38100
  • Census Tract: 006402

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS
  • District: 05
  • Parcel: 000-17-28-101-003-00
  • Block: 9
  • Lot: 23-25
  • Municipality: HANOVER VILLAGE
  • Latitude: 42.1007
  • Longitude: -84.5548

    Address

  • Full Address: 119 W State St
  • Address - House Number: 119
  • Street Direction: W
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: MI
  • City Name: Hanover
  • Carrier Code: R001
  • 4-Digit Zip Code: 9819
  • Zip Code: 49241

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $41,737
  • Tax Rate Code Area: 45

    Appraisal Valuation

  • Standard Deviation: 0.2569
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 63
  • Final Value: 134,315
  • High Value: 168,828
  • Low Value: 99,802

    Market Valuation

  • Market Total Value: $120,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2896596
  • Previous Sale Recording Date: Oct 06, 2021
  • Previous Sale Contract Date: Sep 30, 2021
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hanover

Stats & Trends

Median Asking:

$355,000

Sale Price/ft²

$186

Below Asking

0.03%

Average Days on Market

100

Average Home Size

1500 ft²

Average Home Age

78 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: AMY E GILPIN, PRODUCTION REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21057304
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 119 West State Street built and last sold?
The property at 119 West State Street was built in 1910 and last sold on Sep 30, 2021 for $73,000.
How much is this home worth?
The estimated value of the home located at 119 West State Street is $107,391.
What are some comparable homes to 119 West State Street?
There are currently no comparable homes to 119 West State Street.
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