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Decatur 49045
307 Pine Street
$220,000
● House - Off Market

307 Pine Street

Decatur, MI 49045
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,576 Ft²
$1,250
Est. Monthly

About This Property

Back on the market, buyers financing fell through.  Home inspection and FHA appraisal has been completed.  Charming 3-bedroom, 2-bath home on three spacious city lots! Enjoy large bedrooms and generously sized bathrooms, stunning hardwood floors, and a warm limestone fireplace in an inviting, move-in-ready interior. The basement provides ample storage or can be finished to your liking. Outside, you'll love the fenced-in backyard with great entertainment space. Located just steps from Lake of the Wood and within easy walking distance to downtown, parks, and schools. This well-loved family home offers abundant outdoor space, classic character, and a 1-car garage. A wonderful opportunity you won't want to miss!
Unit Size
1,576 Ft²
Days on Market
44 days
Land Size
0.55 acres
Price per sqft
$141
Property Type
House
Property Taxes
$159
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 months ago (MichRIC MLS #25058553)

Price History

Date / Event Date Event Price
Feb 20, 2026 Sold
Premium
Sold
Jan 26, 2026 In contract -
In contract
Jan 8, 2026 Relisted $230,000
Relisted
Nov 28, 2025 In contract -
In contract
Nov 21, 2025 Price Decreased $222,000
↓ $8K (3.5%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,233
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,576
  • Building Area: 1,576
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HASTINGS & HEWSONS ADDITION
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 1028 19-4-14 708-238 741-146 989-471 * LOT 9 HASTINGS & HEWSONS ADDITION.

Neighborhood

  • School District Name: Decatur Public Schools
  • School Tax School District: DECATUR
  • Census Tract: 011601

Zoning

  • Zoning: COMMERCIAL

Geography

  • Assessors Map Reference: 1028
  • District: 43
  • Parcel: 80-43-060-006-00
  • Lot: 9
  • Municipality: DECATUR VILLAGE
  • Latitude: 42.1096
  • Longitude: -85.9825

    Address

  • Full Address: 307 Pine St
  • Address - House Number: 307
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: MI
  • City Name: Decatur
  • Carrier Code: R001
  • 4-Digit Zip Code: 1358
  • Zip Code: 49045

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $85,476
  • Tax Rate Code Area: 80430

    Appraisal Valuation

  • Standard Deviation: 0.3385
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 32
  • Final Value: 133,952
  • High Value: 179,307
  • Low Value: 88,596

    Market Valuation

  • Market Total Value: $133,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2015
  • Current Sale Recording Date: Oct 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 08, 2014
  • Previous Sale Contract Date: Apr 29, 2014
  • Previous Sale Amount: $22,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Decatur

Stats & Trends

Median Asking:

$174,999

Sale Price/ft²

$114

Below Asking

0.03%

Average Days on Market

54

Average Home Size

1659 ft²

Average Home Age

96.2 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Rachel Hahn Elevate Team, Michigan Top Producers
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 25058553
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 307 Pine Street built and last sold?
The property at 307 Pine Street was built in 1930 and last sold on Sep 25, 2015 for $115,000.
How much is this home worth?
The estimated value of the home located at 307 Pine Street is $0.
What are some comparable homes to 307 Pine Street?
There are currently no comparable homes to 307 Pine Street.
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