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$197,900

Beds
3
Baths
2.0
sq ft
1,594

40 W Elm St, Petersburg, MI 49270

40 W Elm St

PetersburgCity_Monroe, MI 49270

  • Pending
Step back in time with this charming 1880 Victorian home, brimming with historic charm and timeless character. The layout offers generous living areas, cozy bedrooms and plenty of nooks waiting for your personal touch. Second floor has sitting room that could be pass through 4th bedroom and full bath. Roof and furnace replaced in 2015. Newer kitchen remodel. Newer vinyl plank flooring. Fenced yard. Plenty of storage space in basement. Nestled in a peaceful neighborhood close to local shops, parks and schools, this home offers both charm and convenience.

Details

Property type

Single Family Residence

Est. home value

$161,054

Lot size

0.40 acres

Price per sq ft

$125

Year built

1880

Annual property taxes

$2,231

HOA

Yes

Price History

03/27/2025
Realcomp

Realcomp #57050167144

Removed
$197,900
03/13/2025
Realcomp

Realcomp #57050167144

Pending
$197,900
03/01/2025
Realcomp

Realcomp #57050167144

Pending
$197,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Summerfield

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$134,246
Asking price
$197,900
Closing costs (~8% of asking)
-$15,832
Est. remaining loan balance
-$47,822
Cash to seller
$134,246

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Old National Bank

Loan start date

January 2015

Original loan amount

$61,224

Est. remaining balance

$47,822

Interest rate

3.99%

Loan type

New Conventional, 30 year

Seller

Rema O Wolf

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Tomo last checked: 04/10/2025 at 3:30 PM

Listing updated: 03/25/2025 at 9:19 AM

Listed by: Katie Burroughs, Coldwell Banker Haynes R.E. in Monroe Phone #: (734) 242-8484

MLS: Realcomp #57050167144

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