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Hanover 49241
306 E Main
$217,800
● House - Off Market

306 E Main

Hanover, MI 49241
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,060 Ft²
$1,251
Est. Monthly
11.07%
Cap Rate

About This Property

Charming, Well-Maintained Brick Ranch on a Spacious Corner Lot with a 30x40 Pole Barn! This lovely home boasts beautiful hardwood floors throughout the main level, offering warmth and character. Enjoy cozy evenings by the fireplace in the inviting living room or relax in the den by the pellet stove. The updated main bathroom adds a modern touch, while the main floor laundry adds convenience in the mud room off the garage. Outside, the expansive corner lot provides ample space for outdoor activities, and the newly poured concrete driveway and pole barn approach offer a fresh, welcoming entry. The pole barn is equipped with electricity, offering endless possibilities for hobbies, storage, or workspace. With insulated windows, all appliances included,  this home is truly move-in ready!
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$208
Property Type
House
Property Taxes
$171
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (MichRIC MLS #25008866)

Price History

Date / Event Date Event Price
Apr 18, 2025 Sold
Premium
Sold
Mar 16, 2025 In contract -
In contract
Mar 11, 2025 Listed by C-21 Affiliated - Jackson $220,000
Listed by C-21 Affiliated - Jackson
Jun 21, 2005 Sold
Premium
Sold
Jul 19, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,206
  • Garage Type: 7
  • Garage Square Area: 1,512
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,206
  • Building Area: 1,206
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,206
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEAN AND PEABODYS EASTERN ADD
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 1 AND 4 BLOCK 2 DEAN AND PEABODY'S EASTERN ADDITION TO VILLAGE OF HANOVER

Neighborhood

  • School District Name: Hanover-Horton Schools
  • School Tax School District: 38100
  • Census Tract: 006404

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS 020
  • District: 05
  • Parcel: 000-17-21-379-001-00
  • Block: 2
  • Lot: 1,4
  • Municipality: HANOVER VILLAGE
  • Latitude: 42.1022
  • Longitude: -84.5489

    Address

  • Full Address: 306 E Main
  • Address - House Number: 306
  • Street Direction: E
  • Address - Street Name: Main
  • State: MI
  • City Name: Hanover
  • Carrier Code: R001
  • 4-Digit Zip Code: 9701
  • Zip Code: 49241

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $55,773
  • Tax Rate Code Area: 45

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 88
  • Final Value: 189,365
  • High Value: 210,393
  • Low Value: 168,337

    Market Valuation

  • Market Total Value: $175,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 15, 2005
  • Current Sale Recording Date: Jun 21, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2400882
  • Previous Sale Recording Date: Jul 19, 2002
  • Previous Sale Contract Date: Jul 15, 2002
  • Previous Sale Amount: $112,000
  • 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: Logan Everett, C-21 Affiliated - Jackson
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25008866
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 306 East Main built and last sold?
The property at 306 East Main was built in 1953 and last sold on Jun 15, 2005 for $108,500.
How much is this home worth?
The estimated value of the home located at 306 East Main is $0.
What are some comparable homes to 306 East Main?
There are currently no comparable homes to 306 East Main.
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