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Sold for $250,000 on 02/27/25
  • $250,000

    45416 M 51, Decatur, MI 49045

    --beds
    0baths
    3,584sqft
    MultiFamily
    Built in 1978
    -- sqft lot
    $286,100 Zestimate®
    $70/sqft
    $1,161 Estimated rent

    Home value

    $286,100

    $223,000 - $358,000

    $1,161/mo

    Zestimate® history
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    $1,516/mo

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    What's special

    ''THE PINES'', an exciting investment opportunity - a six-unit property situated on seven wooded acres, offering immense potential for both immediate and future expansion. Each unit features two bedrooms and one bathroom, offering comfortable living spaces for residents. While the interiors are in need of updating, this presents an opportunity to revitalize each unit with modern finishes and amenities. One of the remarkable aspects of this property is the potential for future expansion. With seven acres of wooded land at your disposal, the possibilities for growth are endless. Explore the opportunity to add additional units or even develop recreational amenities that enhance the overall appeal of the property. This ability to expand ensures long-term growth and increased profitability. 2023-07-21

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air
    Cooling
    • Central
    Interior area
    • Total interior livable area: 3,584 sqft

    Property

    Parking
    • Total spaces: 10
    Lot
    • Size: 7.07 Acres
    Details
    • Parcel number: 800801903211

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1978

    Community & neighborhood

    Location
    • Region: Decatur

    Price history

    DateEventPrice
    2/27/2025Sold$250,000-50%$70/sqft
    Source: Public Record
    4/9/2024Pending sale$499,900$139/sqft
    Source: MichRIC #24010619
    3/5/2024Listed for sale$499,900$139/sqft
    Source: MichRIC #24010619
    10/17/2023Listing removed--
    Source: RE/MAX of Michigan
    7/22/2023Listed for sale$499,900$139/sqft
    Source: RE/MAX of Michigan #23026226

    Public tax history

    YearProperty taxesTax assessment
    2024$7,211 +0.9%$136,200 +3.3%
    2023$7,147 $131,800 +3.7%
    2022-- $127,100 -3.3%

    Find assessor info on the county website

    Neighborhood: 49045

    Nearby schools

    GreatSchools rating
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    $286,100
    2% more+ $5,722
    With Zillow Showcase(estimated)
    $291,822