242 1st, Copper Harbor, MI 49918, Eagle Harbor, Michigan, United States. - Hero Image
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242
1st
Eagle Harbor | Michigan

The Warmth of

Estate Life

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Kristine Jukuri Weidner
Kristine Jukuri Weidner
Presented At
$849,000
Bedrooms
3
Bathrooms
2
Living
3,378
SQFT
242 1st, Copper Harbor, MI 49918, Eagle Harbor, Michigan, United States. - Photo 1
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242 1st, Copper Harbor, MI 49918, Eagle Harbor, Michigan, United States. , Eagle Harbor , Michigan 49918

3 Bedrooms Single Family Detached

Charming Residential Property with Commercial Opportunity in Copper Harbor! Discover the perfect blend of cozy living and business opportunity in this beloved gift and memorabilia shop, nestled in the heart of Copper Harbor. This property has a warm and inviting atmosphere with some tongue and groove walls, some hardwood floors and flexible living and business spaces. Attached to the retail space, the living quarters offer a seamless yet private transition with a fenced-in porch/deck and yard area. The main floor features an open-concept living, kitchen, and dining area, along with a versatile den that could serve as a fourth bedroom. Upstairs, you'll find three comfortable bedrooms and a full bathroom, providing ample space for family living. Additionally, the property includes a workshop/storage building (792+/
  • square feet) in the side yard, perfect for hobbies or additional storage. Off
  • NOTICE: All information believed accurate but not warranted.
Buyer recommended to inspect & verify all aspects of the property & bears all risks for any inaccuracies including but not limited to estimated acreage, lot location/size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant) & municipality reassessment after sale. Buyer should NOT assume that buyer's tax bills will be similar to the seller's current tax bills. Taxes are not zero. Audio/video recording devices may be present on property and entering the property shall be considered consent to be recorded. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines. Heat/Cooling: Propane forced air is for the retail and main floor of living quarters. Electric Heat: 2nd story of living quarters. SHOWINGS BY APPOINTMENT ONLY: Please schedule showings to avoid distruption of business operations. Prequalified buyers only and non

Gallery

3D Street View Tour

Map showing 242 1st, Copper Harbor, MI 49918, Eagle Harbor, Michigan, United States.

Property Location

242 1st, Copper Harbor, MI 49918, Eagle Harbor, Michigan, United States., Eagle Harbor Michigan

Local Weather & Climate

Eagle Harbor, Michigan

Current Conditions Updated recently
21 °F
Overcast clouds
Feels Like 15°F
Humidity 63%
Wind 5 mph
Visibility 6.2 mi
Sunrise 12:06 PM
Sunset 11:54 PM
5-Day Forecast
Sat 14 Mar
Clouds
High 25°
Low 21°
Sun 15 Mar
Clouds
High 29°
Low 26°
Mon 16 Mar
Snow
High 23°
Low 12°
Tue 17 Mar
Snow
High 14°
Low 9°
Wed 18 Mar
Clouds
High 28°
Low 12°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Eagle Harbor?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

$
%
$100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621
Potential Tax Benefits (United States)
$0 Est. First Year Interest Deduction
$0 Est. Annual Tax Savings
*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
  • Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
  • Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Market Opinion

Premium 4.1× median

Our perspective on current market conditions in Eagle Harbor. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market
Balanced conditions. Negotiate wisely.
50
Buyer Score

Local Market Price Trends

Median home sale prices in Eagle Harbor, Michigan — ZIP code 49918 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $849,000
Area median: $205,101

Market Competition

Future Value & Wealth Building

Starting investment: $849,000 20% down ($169,800)

26.6 years
Double Your Investment
Based on current market trends, your property value could double
$518,952
10-Year Equity
Your potential equity after 10 years of payments and appreciation
$4,519
Monthly Investment
Estimated monthly mortgage payment (principal & interest)
$1,855,588
30-Year Wealth Potential
Total equity after full mortgage payoff with market appreciation
3.1x
Leverage Power
Your $169,800 down payment could grow to $518,952 in equity (10 yrs)
Investment Perspective
$ $ $
$1 → $1.30
Every dollar invested today could become $1.30 in 10 years
$100 → 130 $1,000 → $1,298
+$61
$61/day
Your home may appreciate while you sleep
$431/week $1,868/mo $22,419/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$249K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential -4% advantage over stocks
RENT 💸 -$467K
vs
OWN 📈 +$519K
$519K Potential Equity
vs $467K lost to rent over 10 years
$170K Down Payment Growth
3.1x
10yr
$519K
6.1x
20yr
$1.0M
10.9x
30yr
$1.9M
Wealth Comparison
×4
Equivalent to 4 average US homes
top 10%
US household wealth ranking
Median: $193K Yours: $1.9M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
16.2
years
Optimistic
4.38% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $1,000K +18%
Market $1.1M +30%
Optimistic $1.3M +53%
$519K est. equity
20 Years
Conservative $1.2M +39%
Market $1.4M +68%
Optimistic $2.0M +136%
$1.0M est. equity
30 Years
Conservative $1.4M +63%
Market $1.9M +119%
Optimistic $3.1M +261%
$1.9M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average
4.27 %
1967 – 2024
57 years of U.S. home price data
Recent Decade Average
6.5 %
2014 – 2024
Post-recovery bull market
Historical Norm
Current 3.5% appreciation is in line with historical norms. Conservative projections are well-grounded.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 2.6%. Market scenario reflects current 3.5% YoY trend from Zillow (Dec 2023). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Dec 2023

Neighborhood Demographics

ZIP 49918 • 2022 ACS Data

100 Population
Median Age: 61.0
$47,344 Median Income
Below Average
$273,400 Median Home Value
55.4% College Graduates
High

Housing

Homeowners 36.7%
Renters 1.6%
Vacancy Rate 61.7%

Employment

0.0% Unemployment
35.0% Work From Home

Education Attainment (Age 25+)

High School+ 100.0%
Bachelor's+ 55.4%
Graduate+ 37.8%
Data from U.S. Census Bureau American Community Survey 2022

Frequently Asked Questions

Common questions about this property

This house at 242 1st, Copper Harbor, MI 49918, Eagle Harbor, Michigan, United States features 3 bedrooms with 3,378 square feet of living space.
This property offers 3,378 square feet of living space.
This property is listed at $84,900,000, which equals $25133 per square foot.
In Eagle Harbor, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.
Based on current market indicators, Eagle Harbor shows an active market. The market opportunity score is 50 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Eagle Harbor, Michigan. The property is situated in an established neighborhood with convenient access to local amenities and services.
Kristine Jukuri Weidner

Kristine Jukuri Weidner

CENTURY 21 Affiliated

License #6506035930

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