340 E Center ST, Petersburg, MI 49270
Est. $658/mo with current taxes · · See the breakdown
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.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 37.31 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $64,900 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 1,027 |
| Type | Single family residence |
| Subdivision | 0 |
| County | Monroe |
| MLS # | 61050223796 |
| Listed | 2026-10-02 |
| Days on market | 3 |
| Year built | 1900 |
| Possession | At closing |
| Stories | 1.5 stories |
| Heating | Forced air, Natural gas |
| Foundation | Crawl space, Slab |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Parcel number | 5700101100 |
| Listing office | Five Star Real Estate |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $19,503 | about $32,450 |
| Yearly property tax | $745 | about $1,211 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $466 a year more than this seller pays. The assessor's state equalized value (SEV) is $47,400. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Petersburg's 2025 homestead rate of 37.31 mills and assumes you claim the homestead exemption. See Petersburg's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Saginaw Board of REALTORS, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-02T23:11+00:00; refreshed at least twice daily.