4 months on rocket

1296 Main St, Melvin, MI, 48454

$265,000

Home List Price

$3,147*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
1,885 SqFt
$141/SqFt
Multi

Location

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1296 Main St, Melvin$265,000

Buyer Closing Credits

$3,147*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Attached Garage1 space
Year Built1900
HeatingBaseboard, Steam
MLS #50149159
Lot Size0.55 Acres
StatusActive

About 1296 Main St

This unique property is in the heart of Melvin. Own your own post office building with newly negotiated lease. The lower front unit, which currently is leased to the US Post office for $581, will increase to $849.75 on Oct 1 with a five year lease. USPS has been a tenant since 1930....94 years of continuous service! In addition, There are two residential apartments, an upper leased at $625 and lower unit at $700. Both are leased below current market rates due to long term tenants. Apartments are on a month to month contract. Both apartments are 2 bedroom and in well maintained condition. There is a common area that has washer-dryer. Attached garage stores the lawn implements that go with sale. There is a nice storage shed in the spacious back yard that overlooks farm fields. The current owner has put in over 40k in improvements since purchase. Just in the last three years including: New roof for back apartment and Garage, Upgraded/Modernized Main Electric Panel, Installed new Well pump and piping, Installed new double windows in lower apartment unit, New Refrigerator in upstairs apartment, Tuck Pointing - Re-Grouting brickwork of Post Office exterior, Installed New 50 gal Water Heater, New toilet & new commercial grade flooring for Post Office, Installed new 30 foot Commercial Flag Pole, Installed new Modern "Closed System" Gas Boiler unit. See photo gallery for list of improvements. This building has been well maintained and is one of the original buildings in town. It is located across from the Melvin "hogtown" Tavern. Great opportunity for the investor in a small town community.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 2
  • Living Area: 1,885 SqFt

Listing Office:

  • Office Name: Coldwell Banker Professionals
  • Office Phone: (586) 727-2741
  • Listing Agent: Robert Kean

Interior Features

Interior Information:

  • Appliances: Dryer, Range, Oven, Refrigerator, Washer, Water Softener
  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.55 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Steam

School Info

School District Information:

  • School District: Brown City Comm School District

Price Information

Listing Price Info

Price Summary:

  • List Price: $265,000
  • Price Per SqFt: $141/SqFt

Tax Information:

  • Annual Amount: $1,212
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Name: MiRealSource
  • MLS Number: #50149159

Listing Office:

  • Office Name: Coldwell Banker Professionals
  • Office Phone: (586) 727-2741
  • Listing Agent: Robert Kean

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,212$34,400
2020 - $23,500
2019 - $25,900
2018 - $30,000
2017 - $29,300

History based on county public records data.

Payment Calculator

$1,390

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$861

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1072895
8
/10

  • Yale Elementary School

  • 200 School Dr

  • 5.09 miles

  • Public District Grades PK-5

school-card-donut-1072896
5
/10

  • Peck Community Elementary School

  • 222 E Lapeer St

  • 5.68 miles

  • Public District Grades PK-5

school-card-donut-1072897
5
/10

  • Brown City Elementary School

  • 4290 2nd St

  • 6.64 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,381. Residents of Sanilac County, MI typically earn between $35k-100k each year. Most families are married, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Sanilac County›Melvin›48454›1296 Main St

This home is located at 1296 Main St in Melvin, MI and zip code 48454. This 1,885 square foot home, which was built in 1900, sits on a 0.55 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $265,000.

In October 2024, from all listings sold in Sanilac County, MI there were more than 3 sold above asking price, over 23 sold below and more than 6 were sold right at the asked price. The inventory of homes for sale in Sanilac County, MI between September 2024 and October 2024 increased by 5.3%. The median list price of listings available in October 2024 was $187,250, while the average time on the real estate market was 68 days.

From Rocket Homes Real Estate and based on county public records data.

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