4 months on rocket

4971 Elm St, Newport, MI, 48166

$275,000

Home List Price

$3,266*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,212 SqFt
$227/SqFt
House

Location

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4971 Elm St, Newport$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingAssigned Spaces, 2+ Assigned Spaces, Electricity, Attached, Detached
Attached Garage3 spaces
Year Built1950
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
FireplaceLiving Room
MLS #57050146315
Lot Size0.92 Acres
StatusActive

About 4971 Elm St

Charming Cape Cod Home in Brest Bay Subdivision comes with 10 lots-5 lots on Elm Street (#205 to #209) & 5 lots on Sycamore (#81-85) for a total of 200x200 Total Area and .92 Total Acres. This property has so much potential! This is an investor's dream as Seven of the lots are vacant and can be used to build dream homes one block from Lake Erie. The house itself is "a diamond in the rough" with a one car attached garage and features a 2-car detached 32x26 garage with mechanic's shop and air compressor which is perfect for the automotive enthusiast. There is also a 32x14 exterior concrete pad to park a camper, motor home, golf cart or ATV right next to the detached garage and there is a large gravel area in front of the garage perfect for lots of parking space when the new owners invite family & friends over for entertaining. The existing house would also make a wonderful rental income property while you build your dream home on two of the lots and sell the remaining lots for others to build their new houses by the Lake. Enjoy your Private Access to Lake Erie at the end of the Street and use the Boat Launch, Beach, Pavilion and Park and enjoy Private Lake Erie Access which are all part of the highlights of this property. This cozy house sitting on 10 lots with Private Lake Erie Access is a rare find and is waiting for the water enthusiast, fisherman, boater, kayaker and/or investor to make Brest Bay Grove their new home or investment opportunity. Please bring your best offer as Sellers are motivated and welcome an opportunity to review your best offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1950
  • Stories: 1
  • Living Area: 1,212 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway Hudkins Realtors in Monroe
  • Office Phone: (734) 242-4700
  • Listing Agent: Dione Oerther

Interior Features

Interior Information:

  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Basement: Yes
  • Interior: High Spd Internet Avail
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Assigned Spaces, 2+ Assigned Spaces, Electricity, Attached, Detached

Lot Features

Lot Information:

  • Lot: Views
  • Lot Size: 0.92 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $227/SqFt

HOA Fees:

  • Amount: $60
  • Frequency: Annually

Tax Information:

  • Annual Amount: $1,792
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport, MI.

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Newport, MI

City

Med. Sold Price

$299.9K

Med. Price/SqFt

$173

Avg. Days On Market

43

# of Sold Homes

9

4971 Elm St vs Newport

143 DAYS ON ROCKET

+100 Days

$275,000

-$24.9K Less

$227/SqFt

+$54 More

KEY TAKEAWAY

This property is $24.9K less than the Median Sold Price and $54/SqFt more than other homes in Newport, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Southeastern Border Association of REALTORS®
  • MLS Number: #57050146315

Listing Office:

  • Office Name: Berkshire Hathaway Hudkins Realtors in Monroe
  • Office Phone: (734) 242-4700
  • Listing Agent: Dione Oerther

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 8:20:52 PM 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$1,792$60,100
2020$1,667$57,000
2019$538$56,800
2018 - $58,200
2017 - $59,100

History based on county public records data.

Payment Calculator

$1,445

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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NMLS#3030

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-218817
4
/10

  • North Elementary School

  • 8281 N Dixie Hwy

  • 3.32 miles

  • Public District Grades 2-4

school-card-donut-218818
8
/10

  • Henry Niedermeier Elementary School

  • 8400 Newport South Rd

  • 3.68 miles

  • Public District Grades PK-4

school-card-donut-218819
3
/10

  • Arborwood Elementary School

  • 1135 Riverview Ave

  • 5.51 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 $89,286. Most Newport, MI residents have annual incomes between $35k-100k. Typical family type is married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4971 Elm St

What is the listing price of this property?

The listing price of 4971 Elm St property is $275,000.

What type of property is this?

The property 4971 Elm St is a house located in Newport, Michigan, 48166.

Is this property for sale now?

Active Listing: 4971 Elm St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,792 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4971 Elm St has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 4971 Elm St is 1,212 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4971 Elm St is 1950.

Rocket Homes›Michigan›Monroe County›Newport›48166›4971 Elm St

This home is located at 4971 Elm St in Newport, MI and zip code 48166. This 1,212 square foot home, which was built in 1950, sits on a 0.92 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $275,000.

Over 4 listings were sold over their listed price in October 2024 in Newport, MI. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price. The inventory of homes for sale in Newport, MI between September 2024 and October 2024 decreased by 6.9%. The median list price of listings available in October 2024 was $299,900, while the average time on the real estate market was 43 days.

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

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