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Concord 49237
428 HANOVER
$125,000
● House - Off Market

428 HANOVER

Concord, MI 49237
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,526 Ft²
$171,217
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Historical charm combined with essential upgrades.  This turn of the century home is conveniently located in the village of Concord and boasts ownership pride throughout.  With this owner virtually everything has been updated since their purchase, all you have to do is unpack.  3 larger bedrooms and full bath with double sink, situated on a 1/2 acre, there's plenty of room for everyone.
Unit Size
1,526 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$82
Property Type
House
Property Taxes
$106
HOA Dues
-
Year Built
1880

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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 #21048525)

Price History

Date / Event Date Event Price
Mar 21, 2022 Sold
Premium
Sold
Nov 9, 2021 Listed by ERA REARDON REALTY, L.L.C. $174,900
Listed by ERA REARDON REALTY, L.L.C.
Sep 2, 2020 Sold
Premium
Sold
Mar 19, 2020 Listed by ERA REARDON REALTY, L.L.C. $125,000
Listed by ERA REARDON REALTY, L.L.C.
Dec 23, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 364
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,443
  • Lot Size Depth Feet: 3,300
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,454
  • Building Area: 1,454
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,454
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSRS VILLAGE OF CONCORD
  • Land Acres: 0000000630
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT SE COR OF SEC 27 TH N ALG THE E LN OF SD SEC 599.94 FT TO CL OF HANOVER ST TH N61? 30'W ALG SD CL 650.10 FT TH N20? W

Neighborhood

  • School District Name: Concord Community Schools
  • School Tax School District: 38080
  • Census Tract: 006401

Zoning

  • Zoning: URRES

Geography

  • Assessors Map Reference: MAPS
  • District: 03
  • Section: 599
  • Parcel: 005-11-27-351-108-04
  • Lot: 153
  • Meridian: SEC 27 TWN 03S RNG 03W
  • Municipality: CONCORD VILLAGE
  • Latitude: 42.1776
  • Longitude: -84.6379

    Address

  • Full Address: 428 Hanover St
  • Address - House Number: 428
  • Address - Street Name: Hanover
  • Address - Suffix Type: St
  • State: MI
  • City Name: Concord
  • Carrier Code: R031
  • 4-Digit Zip Code: 9779
  • Zip Code: 49237

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $188,591
  • Tax Rate Code Area: 43

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 167,889
  • High Value: 186,174
  • Low Value: 149,603

    Market Valuation

  • Market Total Value: $146,800
  • Market Land Value: $146,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,400
  • Assessed Land Value: $73,400

    Sales

  • Current Sale Contract Date: Mar 14, 2022
  • Current Sale Recording Date: Mar 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 02, 2020
  • Previous Sale Contract Date: Aug 26, 2020
  • Previous Sale Amount: $125,000
  • 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 Concord

Stats & Trends

Median Asking:

$214,500

Sale Price/ft²

$130

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1513 ft²

Average Home Age

91.7 years

Currently For Sale

3 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: CATHERINE L. RICE, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21048525
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 428 Hanover Street built and last sold?
The property at 428 Hanover Street was built in 1880 and last sold on Mar 14, 2022 for $160,000.
How much is this home worth?
The estimated value of the home located at 428 Hanover Street is $0.
What are some comparable homes to 428 Hanover Street?
There are currently no comparable homes to 428 Hanover Street.
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