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21342 Royce Rd, Hancock, MI, 49930

5beds
2baths
2,592sqft
$449,500
$173price/sqft
$3,150/moest. monthly cost
$126,000/yrincome needed

About This Home

Approximately 33 acres just outside of Hancock, Michigan, on Royce Road — featuring a 5-bedroom, 1.5-bath home along with a separate Airbnb that has been a successful business. What a great find to own this much acreage so close to town! The main home is privately situated well off the road at the end of a long driveway, offering a peaceful and secluded setting. The home features a full basement with sauna, a first-floor bedroom, full bath and laundry. A spacious living room and well-designed kitchen provide plenty of room for family and guests. Upstairs are four additional bedrooms, along with an accessible unfinished attic offering plenty of possibilities for future use. Closer to the highway is the separate Airbnb, providing convenient access for guests while maintaining nice separation and privacy from the main residence. The Airbnb has a strong rental history and offers excellent income potential. The property also includes a large historic workshop with ties to the area’s copper mining past, along with a block garage providing plenty of room for storage, equipment, hobbies or a home-based business. Outside, you’ll find a beautiful mix of mature hardwoods, a seasonal creek and abundant wildlife, all while being conveniently located near Hancock and Houghton and close to area snowmobile and ATV trails. It’s not often that approximately 33 acres become available in Hancock Township with this combination of privacy, acreage, outbuildings and income potential. Schedule your tour today! :::

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

5/10
7/10

Construction

Materials

  • Foundation: Basement
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Block

Bathroom1

  • Level: First

Bedroom1

  • Level: Second
  • Area: 108

Bedroom2

  • Level: Second
  • Area: 144

Bedroom3

  • Level: Second
  • Area: 144

Bedroom4

  • Level: Second
  • Area: 144

Bedroom5

  • Level: First
  • Area: 108

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Spa/Sauna
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Decorative
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,592

Heating & Cooling

  • Heating features: Boiler,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 3,884
  • Total interior livable area: 2,592 sqft

Property

Details

  • Parcel number: 00603103000
  • Zoning description: Commercial,Residential
  • Special condition: Short Sale,Private,Standard

Features

  • Levels: More than 2 Stories
  • Exterior features: None
  • Has view: Yes
  • View description: Canal,Rural View
  • Has water view: Yes
  • Water view: Canal
  • Waterfront features: Creek/Stream/Brook
  • Waterbody name: none
  • Frontage type: Road
  • Frontage length: 200

Lot

  • Lot size: 32.97 Acres
  • Features: Deep Lot - 150+ Ft.,Ravine,Sloped,Wooded
  • Lot size dimensions: irregular

Parking

  • Total spaces: 5
  • Parking features: 3 or More Spaces,Detached
  • Has garage: Yes
  • Attached garage spaces: 5
  • Covered spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Cold Wave
Hail
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Houghton County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,272$27,264
Home Insurance *$173$2,076
Property Taxes $423$5,076
Electricity $282$3,392
Total$3,150$37,800
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$108,000/yr
40% on housing$94,500/yr
45% on housing$84,000/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$173This listing

vs Other Active Listings

Avg $/sqft

ZIP 49930$138
Houghton County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 49930$174
Houghton County$106

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-17Price change$429,900
2026-07-30Price change$449,500
2026-07-02Listed for sale$475,000
2026-03-05Listing removed$449,000
2025-10-27Price change$449,000
2025-10-11Listed for sale$465,000

For Sale by Agent

AgentKEVIN PATANA
BrokerageKELLER WILLIAMS FIRST UP

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