Wonderful investment property located on three spacious lots in Consolidated Paper Company Land Subdivision with two 3-bedroom houses & 2-car detached garage. Both homes are currently rented w/tenants on month-to-month basis. Front home is 1,008 square feet, sits on a crawl space & has a Front Porch, 3-Bedrooms, 1-Bathroom, Living Room, Dining Room, Kitchen & Laundry Area. Stove & Refrigerator are included with the sale of the front home. Rear home is 1,040 square feet, sits on a crawl space & has 3-Bedrooms, 1-Bathroom, Living Room, Dining Room, Kitchen & Laundry Area. No appliances included with the rear unit as they are owned by the tenant. 2-Car Detached Garage is 25x25 w/electric service. Both rental units underwent City of Monroe Inspections & are certified for 2 years. Tenants pay month-to-month rents & are responsible for payment of their own utilities.
Sold for $85,000
$85,000
524 Fernwood Dr, Monroe, MI 48161
6beds
2,048sqft
Multi Family
Built in 1946
-- sqft lot
$200,000 Zestimate®
$42/sqft
$1,185 Estimated rent
Home value
$200,000
$172,000 - $228,000
$1,185/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Dione Oerther 734-735-6224,
Berkshire Hathaway Home Service Kee Realty
Bought with:
Kristie McCleary, 6501420042
eXp Realty LLC in Monroe
Source: Realcomp II,MLS#: 57050128484
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas, Separate Meters
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 2,048 sqft
- Finished area above ground: 2,048
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage, Assigned 2 Spaces, Detached, Electricityin Garage
- Garage spaces: 2
Features
- Levels: Other
- Fencing: Fenced
Lot
- Size: 0.37 Acres
- Dimensions: 109 x 149
Details
- Parcel number: 4900298000
- Zoning description: Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Crawl Space
Condition
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Monroe
- Subdivision: CONSOLIDATED LAND CO INC 1
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/20/2023 | Sold | $85,000-25.4%$42/sqft |
Source:  Realcomp II #57050128484 Report a problem | ||
| 12/7/2023 | Pending sale | $114,000$56/sqft |
Source: Realcomp II #57050128484 Report a problem | ||
| 11/24/2023 | Listed for sale | $114,000$56/sqft |
Source: Realcomp II #57050128484 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,205 +165.9% | $59,100 +13.9% |
| 2024 | $1,205 +4.4% | $51,910 +12.2% |
| 2023 | $1,155 +5.6% | $46,270 +14.6% |
| 2022 | $1,094 +6.6% | $40,370 +16.2% |
| 2021 | $1,026 +109.7% | $34,750 +8.8% |
| 2020 | $489 -48.9% | $31,950 +22.4% |
| 2019 | $957 -1.3% | $26,110 +20.2% |
| 2018 | $970 +5.5% | $21,720 |
| 2017 | $920 | $21,720 -0.8% |
| 2016 | $920 | $21,900 +39.4% |
| 2015 | $920 +3.8% | $15,710 |
| 2014 | $886 | $15,710 -20.6% |
| 2013 | -- | $19,780 -12.8% |
| 2012 | -- | $22,680 -12.3% |
| 2011 | -- | $25,870 -8.8% |
| 2010 | -- | $28,360 -22.9% |
| 2009 | -- | $36,770 -18.1% |
| 2008 | -- | $44,890 -10.2% |
| 2007 | -- | $49,970 +0.7% |
| 2006 | -- | $49,630 +11.5% |
| 2005 | -- | $44,530 +14.9% |
| 2003 | -- | $38,770 +14.6% |
| 2002 | -- | $33,840 +4.3% |
| 2001 | -- | $32,450 |
Find assessor info on the county website
Neighborhood: 48161
Nearby schools
GreatSchools rating
- 4/10Custer Elementary SchoolGrades: PK-6Distance: 2.9 mi
- 6/10Monroe Middle SchoolGrades: 6-8Distance: 1.1 mi
- NAMonroe High SchoolGrades: 8-12Distance: 3.1 mi
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Estimated market value
$200,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$200,000
- Michigan
- Monroe County
- Monroe
- 48161
- 524 Fernwood Dr
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