Sold for $775,000

$775,000

3231 Ray Rd, Fenton, MI 48430

8beds

3,477sqft

Duplex

Built in 1900

-- sqft lot

$810,700 Zestimate^®

$223/sqft

$1,581 Estimated rent

Home value

$810,700

$730,000 - $900,000

$1,581/mo

Zestimate^® history

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$1,581/mo

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$5,094/mo

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$5,094/mo

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What's special

Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00 per month. For additional income, there is also a billboard which currently receives $750.00 per month for one side and $4,500.00 per year for the other. In addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5

Heating

Forced Air, Hot Water, Propane

Features

Has basement: No
Has fireplace: No

Interior area

Total interior livable area: 3,477 sqft
Finished area above ground: 3,477

Property

Features

Levels: One and One Half
Stories: 1.5
Pool features: None

Lot

Size: 21.59 Acres
Dimensions: 435 x 1385 x 679 x 1133 x 165 x 263

Details

Parcel number: 0603200022
Zoning description: Agricultural
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex,Farmhouse
Property subtype: Duplex

Materials

Other, Vinyl Siding
Foundation: Block, Crawl Space

Condition

New construction: No
Year built: 1900
Major remodel year: 2021

Utilities & green energy

Sewer: Septic Tank
Water: Well

Community & HOA

Location

Region: Fenton

Financial & listing details

Price per square foot: $223/sqft
Tax assessed value: $154,171
Annual tax amount: $6,552
Date on market: 1/24/2022
Cumulative days on market: 1002 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Exclusions: Exclusion(s) Do Not Exist

Price history

Date	Event	Price
5/27/2026	Sold	$775,000$223/sqft
Source: Public Record Report a problem
8/11/2025	Sold	$775,000-8.8%$223/sqft
Source: Realcomp II #2220004051 Report a problem
11/3/2024	Pending sale	$850,000$244/sqft
Source: Realcomp II #2220004051 Report a problem
4/28/2022	Price change	$850,000+30.8%$244/sqft
Source: Realcomp II #2220004051 Report a problem
3/9/2022	Listed for sale	$650,000$187/sqft
Source: Realcomp II #2220004051 Report a problem
2/25/2022	Pending sale	$650,000$187/sqft
Source: Realcomp II #2220004051 Report a problem
1/24/2022	Listed for sale	$650,000+170.8%$187/sqft
Source: Realcomp II #2220004051 Report a problem
8/28/1998	Sold	$240,000$69/sqft
Source: MiRealSource #20272685 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,101 +4.1%	$388,300 +64.3%
2024	$6,819	$236,300 +11.7%
2023	--	$211,600 +4.9%
2022	--	$201,800 +11.6%
2021	--	$180,900 +2.8%
2020	--	$176,000 +4.9%
2019	--	$167,700 +5.3%
2018	$6,302 +11%	$159,300 -0.8%
2017	$5,678 -3.9%	$160,600 +2.4%
2016	$5,911	$156,800 +7.7%
2015	$5,911 +270.1%	$145,600 +4.9%
2014	$1,597	$138,800 -2.9%
2012	--	$143,000 +0.9%
2011	--	$141,700 -0.4%
2010	--	$142,300 -29.8%
2008	$4,187	$202,700 -0.8%
2006	--	$204,300 +2.3%
2005	--	$199,700 +42.3%
2004	--	$140,300 +0.6%
2003	--	$139,500 +0.8%
2002	--	$138,400 +2.2%
2001	--	$135,400 +4.9%
2000	--	$129,100