NOT LISTED FOR SALE

207 S Elm St Three Oaks, MI 49128

Estimated Value: $412,000 - $440,000

-- Bed
-- Bath
-- Sq Ft
8,711 Sq Ft Lot

Last Sold November 27, 2024

Last sale price $400,000

Est. 7% increase in value since last sale

Current estimated payment $2,608/month

30 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • Level Lot
  • Window Unit Cooling System
  • Baseboard Heating

About This Home

As of November 2024

Turn-Key Multi-Unit Investment Property in Three Oaks - Fully Furnished & Short-Term Rental Ready! Welcome to 207 S. Elm St., a renovated property with 3 distinct units: Unit 1 (main floor) features 3 spacious bedrooms, 1 bath, living room, kitchen/dining, sunroom, and laundry. Unit 2 (upstairs) offers 2 beds, 1 bath, kitchen/dining, and storage (currently used as the ''managers room.'' Unit 3 (rear entry) includes 1 bed, 1 bath, and living room/den/office area. The property boasts a wrap-around porch, large backyard, parking for 8, and a highly desirable transferable short-term rental permit. A prime investment opportunity in the heart of Harbor Country!

Last Agent to Sell the Property

Justin Lucas

@properties Christie's International R.E. License #6501442894 Listed on: 09/04/2024

@properties Christie's International R.E.

Last Buyer's Agent

Gretchen Volkenstein

@properties Christie's International R.E. License #6501406474

@properties Christie's International R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,837

Year Built

  • Built in 1900

Lot Details

  • 8,711 Sq Ft Lot
  • Lot Dimensions are 67 x 133
  • Level Lot

Home Design

  • Slate Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Laundry

  • Laundry on main level
  • Gas Dryer Hookup

Basement

  • Michigan Basement
  • Partial Basement

Parking

  • 8 Parking Spaces
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Baseboard Heating
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,837

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 170.0
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 67 x 133
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5837.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Driveway:Gravel: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Heat Type:Baseboard: Yes
  • Roofing:Slate: Yes
  • Laundry Features Main Level: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement, Partial
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 425000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Roof: Composition, Slate
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Laundry Features: Gas Dryer Hookup, In Unit, Main Level
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 67 x 133
  • Lot Size Sq Ft: 8711.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5837.0
  • Tax Year: 2023

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Nov 8, 2024
Sold by
Boothe Christopher and Lucas Justin Todd
Bought by
Poggensee William J and Poggensee Tia
Seller's Agent
Justin Lucas
@properties Christie's International R.E.
Buyer's Agent
Gretchen Volkenstein
@properties Christie's International R.E.
List Price
$449,000
Sold Price
$400,000
Premium/Discount to List
-$49,000
-10.91%
Views
24
Current Estimated Value
$428,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,890
Avg. Annual Appreciation
7.22%
Original Mortgage
$360,000
Outstanding Balance
$356,627
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$72,263

Purchase Details

Listed on
Jan 15, 2022
Closed on
Apr 18, 2022
Sold by
Graziano Steven Richard and Haughey Jodie Anne
Bought by
Boothe Christopher and Lucas Justin Todd
Seller's Agent
Gail Grosse
144 Keys
Buyer's Agent
Justin Lucas
@properties Christie's International R.E.
List Price
$264,900
Sold Price
$245,000
Premium/Discount to List
-$19,900
-7.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.57%
Original Mortgage
$183,750
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2019
Sold by
Timothy Truhn
Bought by
Graziano Steven Richard and Haughey Jodie Anne

Purchase Details

Closed on
Apr 18, 2019
Sold by
Truhn Timothy
Bought by
Graziano Steven Richard and Haughey Jodie Anne

Purchase Details

Closed on
Jun 21, 2018
Sold by
Bauer Jack P and Bauer Cynthia
Bought by
Truhn Timothy

Purchase Details

Closed on
Feb 26, 2018
Sold by
Bauer Jack and Bauer Cynthia
Bought by
Truhn Timothy

Purchase Details

Closed on
Dec 29, 1995

Purchase Details

Closed on
Nov 20, 1990

Purchase Details

Closed on
Jan 5, 1981

Purchase Details

Closed on
Mar 29, 1980

Purchase Details

Closed on
Sep 1, 1976
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Poggensee William J $400,000 Chicago Title Of Michigan
Poggensee William J $400,000 Chicago Title Of Michigan
Boothe Christopher -- None Listed On Document
Graziano Steven Richard $8,000 Chicago Title
Graziano Steven Richard $8,000 Chicago Title Of Mi Inc
Truhn Timothy -- None Listed On Document
Truhn Timothy -- None Available
-- $50,000 --
-- $38,000 --
-- -- --
-- $16,000 --
-- $11,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poggensee William J $360,000
Closed Poggensee William J $360,000
Previous Owner Boothe Christopher $183,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2024 11/27/24 Sold $400,000 -5.9% --
10/05/2024 10/05/24 Pending -- -- --
09/30/2024 09/30/24 Price Changed $425,000 -5.3% --
09/04/2024 09/04/24 For Sale $449,000 +83.3% --
04/15/2022 04/15/22 Sold $245,000 -7.5% -- View Prior Sale
01/15/2022 01/15/22 For Sale $264,900 -- --
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,203 $114,000 $0 $0
2024 $2,671 $103,600 $0 $0
2023 $2,698 $105,600 $0 $0
2022 $1,685 $84,400 $0 $0
2021 $3,416 $76,700 $11,300 $65,400
2020 $3,262 $57,800 $0 $0
2019 $3,171 $58,900 $5,600 $53,300
2018 $2,921 $58,900 $0 $0
2017 $2,177 $59,302 $0 $0
2016 $2,148 $58,207 $0 $0
2015 $2,143 $52,936 $0 $0
2014 $403 $49,591 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24045452

MichRIC

APN: 11-47-6900-0004-00-8