371 Colonial Lane

About this home

NEW PRICE! $179,900 "“ GREAT LOCATION, GREAT POTENTIAL, GREAT OPPORTUNITY! A little updating, a little imagination, and you could have a whole lot of HOME! Nestled on a beautiful tree-lined street, this 3-bedroom, 1-bath home has a location that's hard to beat! Enjoy the convenience of the riverfront park, boat ramp, and library nearby, with the Bridge to Bay Trail right at the end of the road. Inside, you'll find a cozy wood burner in the living room and new kitchen flooring. The fenced backyard offers space for pets, gardening, or summer BBQs, while the one-car garage with workshop is perfect for the handyman, hobbyist, or anyone who needs a little extra space. Sure, this home could use some cosmetic love, but that's your chance to make it YOURS! Originally $199,900 "“ NOW $179,900! The price has changed, but the possibilities haven't! Come take a look and see what a little vision can do!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Algonac

Over the last 90 days, 35 homes sold in Algonac for a median of $290,000, about $193 per square foot, and the typical one went under contract in 15 days. This home is listed at $179,900, or $164 per square foot, 15% below the city median, and has been on the market 9 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Algonac sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $2,002 a year. A buyer who lives here would pay about $3,387 a year once the taxable value resets after the sale, at the 2025 homestead rate of 37.28 mills for Algonac City and Algonac 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

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