Sold839d on market
524 Fernwood Dr
Monroe, MI, 48161 • 48161 • Monroe County
$85,000
$42/sqft
6Beds
2Baths
2,048Sqft
0.37 acLot
1946Built
Property DNA
Character Home
Built 1946 · 80 years of history
CONSOLIDATED LAND CO INC 1
48161
Market activity
Demand and pricing signals for this listing
1 views
People checking out this listing
839 days on market
Established listing
$42/sqft
Price per square foot
About this home
Multi Family · Built 1946
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.
Estimated monthly payment
Based on current rates
$554/month
Principal & Interest$441
Property Tax$85
Insurance$28
Down payment20% ($17,000)
3%50%
Est. 6.75% rate · 30yr fixed · $68,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1946
HeatingForced Air, Natural Gas, Separate Meters
Parking2 Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1946
Systems
HeatingForced Air, Natural Gas, Separate Meters
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingTwo Car Garage, Assigned 2 Spaces, Detached, Electricityin Garage
Garage2 spaces
FencingFenced
Lot0.37 Acres
Location & Tax
Neighborhood48161
Annual tax$1,177
Parcel554900298000
Bathrooms & Fees
Full baths2
Features & details
3 categories of property features
Interior Features
Heating
Forced Air
Natural Gas
Separate Meters
Exterior Features
Parking
Two Car Garage
Assigned 2 Spaces
Detached
Electricityin Garage
Construction
Vinyl Siding
Listing insights
Market data and value estimates
StatusSold
Days on market839
Est. value$191,800
Est. rent$1,102/mo
Tax rate1.20%
Price/sqft$42
On marketNov 23, 2023
PostedApr 1, 2025
Last sold$85,000
MLS updatedDec 20, 2023
Tour days6
Views1
How are the schools in Monroe?
3 schools rated nearby
Location
Monroe, MI, 48161
Price history
3 events
DateEventPrice$/sqftSource
Dec 20, 2023Sold$85,000$42Realcomp II
Dec 7, 2023Pending Sale$114,000$56Realcomp II
Nov 24, 2023Listed For Sale$114,000$56Realcomp II
Sold$85,000
Dec 20, 2023•$42/sqft•Realcomp II
Pending Sale$114,000
Dec 7, 2023•$56/sqft•Realcomp II
Listed For Sale$114,000
Nov 24, 2023•$56/sqft•Realcomp II
Tax history
24 years of records
YearTax paidAssessed value
Apr 8, 2025$3,205$59,100
Apr 8, 2024$1,205$51,910
Apr 8, 2023$1,155$46,270
Apr 8, 2022$1,094$40,370
Apr 8, 2021$1,026$34,750
Apr 8, 2020$489$31,950
Apr 8, 2019$957$26,110
Apr 8, 2018$970$21,720
Apr 8, 2017$920$21,720
Apr 8, 2016$920$21,900
Apr 8, 2015$920$15,710
Apr 8, 2014$886$15,710
Apr 8, 2013—$19,780
Apr 8, 2012—$22,680
Apr 8, 2011—$25,870
Apr 8, 2010—$28,360
Apr 8, 2009—$36,770
Apr 8, 2008—$44,890
Apr 8, 2007—$49,970
Apr 8, 2006—$49,630
Apr 8, 2005—$44,530
Apr 8, 2003—$38,770
Apr 8, 2002—$33,840
Apr 8, 2001—$32,450
Nearby homes
Neighborhood details
Local context around this listing
Monroe, MI • Monroe County
Nearby neighborhoods
Detroit BeachSouth MonroeWest MonroeWoodland Beach
Nearby cities
CarletonDundeeLambertvilleMilanMonroeNewportPetersburgSylvania
Nearby zip codes
4816148162
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