197 Melrose Ave
Adrian, MI 49221
3 bd 2 ba 1,321 sqft Built 2023 Lot 18,731 sqft single_family
Most recent sale
$283,250
Dec 18, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 18, 2023 | Sold | $283,250 | Realcomp |
| Sep 1, 2023 | Price changed | $299,900 | Realcomp |
| Jun 24, 2023 | Listed | $299,900 | Realcomp |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $7,500 | $522 |
| 2020 | — | — | $7,500 | $527 |
| 2019 | — | — | $7,500 | $530 |
| 2018 | — | — | $7,500 | $524 |
| 2017 | — | — | $7,500 | $463 |
| 2016 | — | — | $7,500 | $500 |
| 2015 | — | — | $8,200 | $526 |
| 2014 | — | — | $8,200 | $477 |
| 2013 | — | — | $8,200 | $469 |
| 2012 | — | — | $9,600 | $549 |
| 2011 | — | — | $9,600 | $542 |
| 2010 | — | — | $12,000 | $649 |
| 2008 | — | — | $12,000 | $451 |
| 2007 | — | — | $12,000 | $605 |
Property facts
Year built
2023
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,321 sqft
Lot size
18,731 sqft
ZIP code
49221
City
Adrian
Street
Melrose Ave
Coordinates
41.90131, -84.08598
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,982
Gross rental yield
8.40%
Implied cap rate
5.46%
Trend-extrapolated value
—
Frequently asked questions
When did 197 Melrose Ave last sell?
197 Melrose Ave most recently sold on Dec 18, 2023 for $283,250.
What is the current tax assessment for 197 Melrose Ave?
The most recent total assessment for 197 Melrose Ave (year 2021) is $7,500 with $522 in property tax.
How does 197 Melrose Ave's assessment compare to its last sale price?
The current assessment is 97.4% below the last sale price of $283,250.
When was 197 Melrose Ave built?
197 Melrose Ave was built in 2023.
How does 197 Melrose Ave compare to others on Melrose Ave?
We track 8 other properties on Melrose Ave. Browse the list under "Other properties on Melrose Ave" to compare beds, baths, and sale history.
What are the property facts for 197 Melrose Ave?
197 Melrose Ave is a 3 bed, 2 bath, 1,321 sqft, 18,731 sqft lot single_family.
Is 197 Melrose Ave a flip candidate?
No — 197 Melrose Ave does not appear in our flips dataset.
Is 197 Melrose Ave a tax-appeal candidate?
No — 197 Melrose Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.6%
Implied 1-yr
+10.3%
2026 Q3
$254.6K
2026 Q4
$260.2K
ZIP 49221 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Ave