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502 Garfield Ave

Cheboygan, MI 49721

3 bd 1 ba 1,400 sqft single_family
Most recent sale
$125,000
Oct 21, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 21, 2022 Sold $125,000 MLS #201821021
Sep 7, 2022 Listed $119,900 MLS #201821021
Apr 12, 2021 Sold $76,000 MLS #201810882

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $32,200 $881
2020 $32,100 $1,044
2019 $30,600 $1,017
2018 $27,300 $992
2017 $27,200 $959
2016 $27,500 $947
2015 $25,300 $936
2014 $24,600 $933
2013 $22,700 $892
2012 $24,700 $874
2011 $26,700 $840
2010 $28,400 $825
2009 $35,400 $819
2006 $36,300 $532

Property facts

Year built
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,400 sqft
Lot size
ZIP code
49721
City
Cheboygan
Street
Garfield Ave
Coordinates
45.63688, -84.46912

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$750
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 502 Garfield Ave last sell?
502 Garfield Ave most recently sold on Oct 21, 2022 for $125,000.
What is the current tax assessment for 502 Garfield Ave?
The most recent total assessment for 502 Garfield Ave (year 2021) is $32,200 with $881 in property tax.
How does 502 Garfield Ave's assessment compare to its last sale price?
The current assessment is 74.2% below the last sale price of $125,000.
When was 502 Garfield Ave built?
The year built for 502 Garfield Ave is not in our records.
How does 502 Garfield Ave compare to others on Garfield Ave?
We track 8 other properties on Garfield Ave. Browse the list under "Other properties on Garfield Ave" to compare beds, baths, and sale history.
What are the property facts for 502 Garfield Ave?
502 Garfield Ave is a 3 bed, 1 bath, 1,400 sqft single_family.
Is 502 Garfield Ave a flip candidate?
Yes — 502 Garfield Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 502 Garfield Ave a tax-appeal candidate?
No — 502 Garfield 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
-1.8%
Implied 1-yr
-7.2%
2026 Q3
$172.9K
2026 Q4
$169.4K
ZIP 49721 — Median Price History + Forecast

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