NOT LISTED FOR SALE

321 S Elm St Lapeer, MI 48446

Estimated Value: $72,000 - $136,386

2 Beds
1 Bath
842 Sq Ft
$139/Sq Ft Est. Value

Last Sold December 13, 2023

Last sale price $60,000 $71 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $737/month

10 Days on Market

Highlights

  • 0.33 Acre Lot
  • Ground Level Unit
  • No HOA
  • Ranch Style House

About This Home

As of December 2023

ACCEPTING 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

Alex Lengemann

Realty Volution.com License #6501292023 Listed on: 12/01/2023

Last Buyer's Agent

Alex Lengemann

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,371

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1945
  • State Equalized Value: 48900.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 3
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Sq Ft Combined: 842
  • Total Sq Ft: 842

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Frontage Feet: 60
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Wall/Floor Furnace
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lapeer

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.33
  • Lot Dimensions: 60.00 x 120.00
  • Parcel Number: L214270104000

Tax Info

  • Tax Amount Summer: 931.0000
  • Tax Amount Winter: 440.0000
  • Total Tax: 1371.0000
  • Taxable Value: 47460.0000

MLS Schools

  • School District: Lapeer

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
$117,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,347
Avg. Annual Appreciation
49.92%

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
4.13%
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
Source: Public Records

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Range of Values:

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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
Rittgers Timothy $60,000 None Listed On Document
Jal Realty Llc $45,000 None Listed On Document
Slaughter Dillon $95,000 Cislo Title Company
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

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
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

  • Alex Lengemann

    Seller's Agent in 2023

    Alex Lengemann

    Realty Volution.com

    (810) 969-5732

    10 in this area

    188 Total Sales

    Alex Lengemann
    Section Image
  • Mike Folsom

    Seller's Agent in 2021

    Mike Folsom

    Exit Realty Group

    (810) 614-3155

    1 in this area

    8 Total Sales

    Mike Folsom
    Section Image
  • Madison Churchill

    Buyer's Agent in 2021

    Madison Churchill

    Golden Key Realty Group LLC

    (517) 489-8106

    4 in this area

    33 Total Sales

    Madison Churchill
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230100093

Realcomp

APN: L21-42-701-040-00

Michigan Lapeer County Lapeer 48446

321 S Elm St, Lapeer, MI

This home is located at 321 S Elm St, Lapeer, MI 48446 since 01 December 2023 and is currently estimated at $117,347, approximately $139 per square foot. This property was built in 1945. 321 S Elm St is a home located in Lapeer County with nearby schools including Rolland-Warner Middle School, Lapeer High School, and Chatfield School.

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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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