340 E Center Street

About this home

Opportunity awaits in Petersburg! This 1.5-story home offers 3 bedrooms, 1 full bath and approximately 1,028 sq. ft. on a 0.22-acre lot, plus an attached 252 sq. ft. one-car garage. Built in 1900, this property is ready for an investor, renovator or buyer with a vision to bring it back to life. Enjoy a unique setting with no residential neighbor directly to the left, church-owned open land with no buildings directly behind the property, and St. Peter Lutheran Church directly across the street. Summerfield Middle School and High School are just down the road. The home needs significant TLC, cleanout and repairs, offering plenty of opportunity for the right buyer. Bring your tools and imagination and unlock the potential! Property is being sold strictly AS-IS. Cash-only sale. NOTICE: Property is known to have fleas and may have cockroaches. Anyone entering the property should use appropriate caution and take any necessary precautions. Prior to scheduling a showing, a signed Hold Harmless Agreement must be submitted. The Hold Harmless Agreement can be found in the MLS Documents. Showing appointments will not be confirmed until the completed form has been received.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Petersburg

Over the last 90 days, 15 homes sold in Petersburg for a median of $270,000, about $159 per square foot, and the typical one went under contract in 7 days. This home is listed at $64,900, or $63 per square foot, 60% below the city median, and has been on the market 3 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Petersburg sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $745 a year. A buyer who lives here would pay about $735 to $1,223 a year once the taxable value resets after the sale, at the 2025 homestead rate of 37.31 mills for Petersburg City and Summerfield schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location