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3005 Fernwood Ave

Ann Arbor, MI 48108

2 bd 2 ba 930 sqft Built 1989 condos
Most recent sale
$241,000
Apr 1, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 30, 2024 Listing removed $1,500 MichRic
Apr 1, 2024 Sold $241,000 MichRic
Mar 11, 2024 Listed $237,000 MichRic
Feb 15, 2024 Listing removed $1,500 MichRic
Feb 8, 2023 Listing removed $1,500 AnnArbor
Feb 7, 2023 Listing removed AnnArbor
Feb 6, 2023 Listed for rent $1,500 AnnArbor
Feb 5, 2023 Listing removed AnnArbor
Feb 4, 2023 Listed for rent $1,500 AnnArbor
Feb 3, 2023 Listing removed AnnArbor
Jan 30, 2023 Listed for rent $1,500 AnnArbor
Jan 28, 2023 Listing removed AnnArbor
Jan 24, 2023 Listed for rent $1,500 AnnArbor
Jan 23, 2023 Listing removed AnnArbor
Jan 21, 2023 Listed for rent $1,500 AnnArbor
Jan 20, 2023 Listing removed AnnArbor
Jan 19, 2023 Listing removed AnnArbor
Jan 13, 2023 Listed for rent $1,500 AnnArbor
May 21, 2020 Sold $169,000 Public Record
Aug 1, 1992 Sold $59,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2022 $104,100 $5,017
2021 $95,500 $4,899
2020 $91,900 $2,546
2019 $86,000 $2,423
2018 $75,600 $2,389
2017 $73,800 $2,324
2016 $67,700 $2,242
2015 $57,800 $2,168
2014 $48,900 $2,135
2013 $47,800 $2,041
2012 $46,200 $2,021
2011 $46,000 $1,953
2009 $47,400 $1,921
2008 $56,900 $1,657
2007 $63,100 $1,629

Property facts

Year built
1989
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
930 sqft
Lot size
ZIP code
48108
City
Ann Arbor
Street
Fernwood Ave
Coordinates
42.24471, -83.69269

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,395
Gross rental yield
6.95%
Implied cap rate
4.51%
Trend-extrapolated value

Frequently asked questions

When did 3005 Fernwood Ave last sell?
3005 Fernwood Ave most recently sold on Apr 1, 2024 for $241,000.
What is the current tax assessment for 3005 Fernwood Ave?
The most recent total assessment for 3005 Fernwood Ave (year 2022) is $104,100 with $5,017 in property tax.
How does 3005 Fernwood Ave's assessment compare to its last sale price?
The current assessment is 56.8% below the last sale price of $241,000.
When was 3005 Fernwood Ave built?
3005 Fernwood Ave was built in 1989.
How does 3005 Fernwood Ave compare to others on Fernwood Ave?
We track 8 other properties on Fernwood Ave. Browse the list under "Other properties on Fernwood Ave" to compare beds, baths, and sale history.
What are the property facts for 3005 Fernwood Ave?
3005 Fernwood Ave is a 2 bed, 2 bath, 930 sqft condos.
Is 3005 Fernwood Ave a flip candidate?
No — 3005 Fernwood Ave does not appear in our flips dataset.
Is 3005 Fernwood Ave a tax-appeal candidate?
No — 3005 Fernwood Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.5%
Implied 1-yr
-1.8%
2026 Q3
$420.9K
2026 Q4
$418.9K
ZIP 48108 — Median Price History + Forecast

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