131 S Melze St
$109,900
102% of area home value

131 S Melze St

Merrill, MI
New this weekFannie Mae HomePathStructure
Location & enrichment
Property type
Structure
Zoning
Flood zone
X
Lot size
Nearest metro
98.9 mi
Nearest airport
15.0 mi
Assessed value (county)
Area median home value
$107,400
Area pop. trend (5yr)
+4.9%
Area median rent
$700/mo
Owner-occupied
86.1%
Rental vacancy
4.9%

Not investment advice. Verify eligibility, price, and restrictions with the source listing before acting. Imagery is approximate (parcel centroid). Inventory checked September 20, 2026.

How to buy from the Fannie Mae HomePath

The Fannie Mae HomePath is a public agency that resells government-owned property. Start from the source listing, confirm the parcel is still available, and follow the land bank's published application or offer process.

Quick deal check
All-in $149,900 = 140% of ARV
Over budget for a flip

ARV starts from the area's median home value (Census) — replace it with real comps before acting. The 70% rule: flippers target purchase + rehab ≤ 70% of ARV. Not financial advice.

Buildability report
Pro

All 5 checks clear

Pro shows each measurement, the source dataset it came from, and when it was last refreshed — the part you cite in a due-diligence file.

  • Flood risk
  • Wetlands
  • Terrain slope
  • Road access
  • Environmental
Unlock the full report — Pro

Sources: FEMA NFHL · USFWS NWI · USGS 3DEP · Census TIGER · EPA FRS

What's it worth?

1 value signal available

See nearby land-bank sales, $/acre market bands, and rent yield for this parcel. Unlock the full value report with Pro

More from the Fannie Mae HomePath

All listings →