Seller's Agent in 2023
Alex Lengemann
Realty Volution.com
(810) 969-5732
11 in this area
181 Total Sales
321 S Elm St Lapeer, MI 48446
Estimated Value: $82,000 - $144,000
2
Beds
1
Bath
842
Sq Ft
$141/Sq Ft
Est. Value
Highlights
- 0.33 Acre Lot
- Ground Level Unit
- No HOA
- Ranch Style House
About This Home
As of December 2023ACCEPTING BACK UP OFFERS ONLY AT THIS TIME......
PLEASE NOTE:------ALL BUYERS ARE REQUIRED to pay a 3% commission fee to the Seller for the Buyers portion of real estate agent services they receive but Seller is expected to pay for. However Seller is willing to offset the buyers 3% commission by paying 3% of buyers costs for all offers of $69,900 or higher.
Great opportunity on this foreclosure. It ain't in the best of condition but it would not take much to get in a condition to live in or rent it out and earn $$. Would make a great rental home due to the long term cash flow that you can generate on a low price rental home like this. You could even fix and flip too or even remodel and live in as your primary home. Get out of those Trailer Parks which are just a poverty trap--they lock you into a lifetime of increasing lot rent. Build real wealth with this home because you own the land too! Home is sold AS-IS with no repairs made by Seller. Cash offers only at this time. Last sold in 2021 for $95,000. It appears someone attempted some remodeling and stopped midway. Repair issues of note...a second layer of thin OSB was added to subfloor and is loose in several spots. The drywall job was obviously done by an amateur too. You can make this home yours at an incredible value. Electric and water are on and operational. Wall furnace appears to be a mini split that would offer heating and A/C but Seller has no knowledge about this heating and cooling unit. Rest of the home's condition is unknown by Seller. With every other house out there priced $150 or higher what a great chance this is. Don't wait Call NOW!
Last Agent to Sell the Property
Realty Volution.com License #6501292023 Listed on: 12/01/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
Year Built
- Built in 1945
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 60.00 x 120.00
Home Design
- Ranch Style House
- Vinyl Construction Material
Interior Spaces
- 842 Sq Ft Home
- Crawl Space
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Location
- Ground Level Unit
Utilities
- Wall Furnace
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- City Of Lapeer Turrill Add Subdivision
Listing and Financial Details
- Assessor Parcel Number L214270104000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2023
Closed on
Dec 13, 2023
Sold by
Jal Realty Llc
Bought by
Rittgers Timothy
Seller's Agent
Alex Lengemann
Realty Volution.com
Buyer's Agent
Alex Lengemann
Realty Volution.com
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%
Views
604
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,634
Avg. Annual Appreciation
51.13%
Purchase Details
Closed on
Sep 20, 2023
Sold by
Wilkinson Daniel
Bought by
Jal Realty Llc
Purchase Details
Listed on
Mar 6, 2021
Closed on
Aug 13, 2021
Sold by
Kern Karen and Kern Keon
Bought by
Slaughter Dillon
Seller's Agent
Mike Folsom
Exit Realty Group
Buyer's Agent
Madison Churchill
Golden Key Realty Group LLC
List Price
$128,500
Sold Price
$95,000
Premium/Discount to List
-$33,500
-26.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$92,150
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 28, 2020
Sold by
Kern Leon
Bought by
Kern Leon and Kern Karen
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rittgers Timothy | $60,000 | None Listed On Document | |
| Jal Realty Llc | $45,000 | None Listed On Document | |
| Slaughter Dillon | $95,000 | Cislo Title Company | |
| Slaughter Dillon | $95,000 | Cislo Title | |
| Kern Leon | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Slaughter Dillon | $92,150 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/13/2023 12/13/23 | Sold | $60,000 | -14.2% | $71 / Sq Ft |
| 12/11/2023 12/11/23 | Pending | -- | -- | -- |
| 12/01/2023 12/01/23 | For Sale | $69,900 | -26.4% | $83 / Sq Ft |
| 08/13/2021 08/13/21 | Sold | $95,000 | -18.0% | $113 / Sq Ft |
| 07/06/2021 07/06/21 | Price Changed | $115,900 | -3.3% | $138 / Sq Ft |
| 06/14/2021 06/14/21 | Price Changed | $119,900 | -6.7% | $142 / Sq Ft |
| 06/07/2021 06/07/21 | Price Changed | $128,500 | 0.0% | $153 / Sq Ft |
| 06/07/2021 06/07/21 | For Sale | $128,500 | +35.3% | $153 / Sq Ft |
| 03/06/2021 03/06/21 | Off Market | $95,000 | -- | -- |
| 03/06/2021 03/06/21 | Pending | -- | -- | -- |
Source: Realcomp
Tax History Compared to Growth
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 | $2,372 | $59,500 | $0 | $0 |
| 2024 | $976 | $54,500 | $0 | $0 |
| 2023 | $931 | $48,900 | $0 | $0 |
| 2022 | $1,327 | $45,200 | $0 | $0 |
| 2021 | $680 | $36,200 | $0 | $0 |
| 2020 | $1,107 | $35,100 | $0 | $0 |
| 2019 | $1,105 | $32,500 | $0 | $0 |
| 2018 | $1,079 | $28,800 | $28,800 | $0 |
| 2017 | $1,058 | $27,900 | $0 | $0 |
| 2016 | $439 | $25,200 | $25,200 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $21,800 | $21,800 | $0 |
| 2013 | -- | $21,900 | $21,900 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2021
Mike Folsom
Exit Realty Group
(810) 614-3155
1 in this area
6 Total Sales
-
Buyer's Agent in 2021
Madison Churchill
Golden Key Realty Group LLC
(517) 489-8106
4 in this area
33 Total Sales
Map
Source: Realcomp
MLS Number: 20230100093
APN: L21-42-701-040-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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