''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
Sold for $250,000
$250,000
45416 M 51, Decatur, MI 49045
--beds
0baths
3,584sqft
MultiFamily
Built in 1978
-- sqft lot
$276,000 Zestimate®
$70/sqft
$1,026 Estimated rent
Home value
$276,000
$213,000 - $342,000
$1,026/mo
Zestimate® history
Owner options
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$1,026/mo
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$1,026/mo
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$1,662/mo
Est. payment
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$1,662/mo
Est. payment
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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
| Date | Event | Price |
|---|---|---|
| 2/27/2025 | Sold | $250,000-50%$70/sqft |
Source: Public Record Report a problem | ||
| 4/9/2024 | Pending sale | $499,900$139/sqft |
Source: | ||
| 3/5/2024 | Listed for sale | $499,900$139/sqft |
Source: | ||
| 10/17/2023 | Listing removed | -- |
Source: | ||
| 7/22/2023 | Listed for sale | $499,900$139/sqft |
Source: | ||
| 7/21/2023 | Listing removed | $499,900$139/sqft |
Source: | ||
| 7/21/2023 | Listed for sale | $499,900$139/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,521 +4.3% | $176,100 +29.3% |
| 2024 | $7,211 +0.9% | $136,200 +3.3% |
| 2023 | $7,147 | $131,800 +3.7% |
| 2022 | -- | $127,100 -3.3% |
| 2021 | -- | $131,400 -0.8% |
| 2020 | -- | $132,500 +5.5% |
| 2018 | -- | $125,600 -4.6% |
| 2017 | $3,622 +0.9% | $131,700 +1.9% |
| 2016 | $3,589 +1.2% | $129,200 |
| 2015 | $3,548 +1.9% | $129,200 +3.4% |
| 2014 | $3,483 | $124,900 -8.4% |
| 2013 | -- | $136,400 |
Find assessor info on the county website
Neighborhood: 49045
Nearby schools
GreatSchools rating
- 8/10Davis Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Decatur High SchoolGrades: 6-12Distance: 0.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$276,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$276,000
- Michigan
- Van Buren County
- Decatur
- 49045
- 45416 M 51

