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Good Aspects of Home Ownership in Hancock:
1. Low Cost of Living: The cost of living in Hancock is relatively low compared to nearby cities and towns, making it a great option for first-time home buyers or those looking to downsize.
2. Great Outdoor Recreation: Hancock is located on the shores of beautiful Portage Lake and is home to dozens of parks and trails that offer plenty of opportunities for outdoor recreation.
3. Community Amenities: Hancock is home to a variety of restaurants, shops, and other amenities that make it a great place to live.
Not So Good Aspect of Home Ownership in Hancock:
The weather can be unpredictable and harsh. Winter months often bring heavy snowfall and sub-zero temperatures, making it difficult to enjoy outdoor activities.
Rob Sullivan Broker Associate | I was born and raised in Marquette, MI. My father, Bob, has been in the Real Estate business for 30 years, so I grew up ... see full details and contact information for ... a position to help others with their most significant financial decisions. |
| Rob Sullivan has 29 recent and active property listings that range in price from $12,900 to $999,000. | |
| Serving the areas of Champion, Little Lake, L'Anse, Escanaba, Big Bay, Powers, Bark River, Ishpeming, Crystal Falls & Skanee | |
Rob Darwich | Keller Williams Legacy
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| This realtor has 2 recent and active property listings that range in price from $109,900 to $599,900 with the most recent sale on 2024-01-31 for $335,000. | |
| Serving the areas of Custer, Caseville, Saugatuck, Port Hope, Mesick, Hale, North Adams, Pigeon, Alanson & Omena | |
| Read the reviews for Rob Darwich | |
Sheena Ketchum | Coldwell Banker Schmidt Realtors
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| This realtor has 2 recent and active property listings that range in price from $89,900 to $269,000. | |
| Serving the areas of Norway, Caspian, Foster City, Deerton, Wetmore, Chatham, Skandia, Manistique & Kingsford | |
Robert Sullivan | Bob Sullivan was the first member of the Realtor Land Institute in the U.P. and specializes in Waterfront, Resort ... see full details and contact information for Bob ... Michigan Land Company L.L.C. as well as Northern Michigan Land Brokers |
| Bob has 18 recent and active property listings that range in price from $49,900 to $2,950,000. | |
| Serving the areas of Negaunee, Wakefield, Republic, Stephenson, Gwinn, Channing, Bark River, Escanaba, Skanee & Powers | |
Here are some potential pros and cons to consider when buying property in Hancock, Michigan:
Pros:
- Scenic location: Hancock is located near the Keweenaw Peninsula in Michigan, offering beautiful natural scenery and outdoor recreational opportunities.
- Small town feel: With a population of around 4,600 people, Hancock may offer a tight-knit, community-oriented small town feel.
- Culture: Hancock is home to Finlandia University, a private university with a focus on Finnish culture, and there are a variety of cultural events throughout the year.
- Affordable real estate: According to Zillow, the median home value in Hancock as of August 2021 was $110,700, which may be more affordable than some other areas in the state.
Cons:
- Harsh winters: Due to its northern location, Hancock experiences long, cold winters with heavy snowfall. This may be a con for some people who prefer milder weather conditions.
- Limited job opportunities: As a small town, job opportunities in Hancock may be limited compared to larger cities.
- Remote location: While Hancock may be ideal for those who want to get away from the hustle and bustle of city life, its remote location could mean that amenities and services are not as easily accessible as they would be in larger cities.
- Distance from major cities: Hancock is located around 5 hours by car from both Detroit and Chicago, which could make it less convenient for travel and transportation compared to other areas.
It's always a good idea to consider your personal needs and priorities when evaluating a location for a potential property purchase.