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3228 Elmwood Dr

Monroe, MI 48162

2 bd 1 ba 780 sqft Built 1940 Lot 7,405 sqft single_family
Most recent sale
$49,000
Aug 31, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 31, 2022 Sold $49,000 Public Record
Aug 24, 2022 Sold $49,000 MLS #50084508
Jul 28, 2022 Listed $49,000 MLS #50084508

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $34,500 $246
2020 $32,000 $757
2019 $31,700 $724
2018 $26,200 $705
2017 $27,800 $228

Property facts

Year built
1940
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
780 sqft
Lot size
7,405 sqft
ZIP code
48162
City
Monroe
Street
Elmwood Dr
Coordinates
41.93821, -83.31885

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$294
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 3228 Elmwood Dr last sell?
3228 Elmwood Dr most recently sold on Aug 31, 2022 for $49,000.
What is the current tax assessment for 3228 Elmwood Dr?
The most recent total assessment for 3228 Elmwood Dr (year 2021) is $34,500 with $246 in property tax.
How does 3228 Elmwood Dr's assessment compare to its last sale price?
The current assessment is 29.6% below the last sale price of $49,000.
When was 3228 Elmwood Dr built?
3228 Elmwood Dr was built in 1940.
How does 3228 Elmwood Dr compare to others on Elmwood Dr?
We track 2 other properties on Elmwood Dr. Browse the list under "Other properties on Elmwood Dr" to compare beds, baths, and sale history.
What are the property facts for 3228 Elmwood Dr?
3228 Elmwood Dr is a 2 bed, 1 bath, 780 sqft, 7,405 sqft lot single_family.
Is 3228 Elmwood Dr a flip candidate?
No — 3228 Elmwood Dr does not appear in our flips dataset.
Is 3228 Elmwood Dr a tax-appeal candidate?
No — 3228 Elmwood Dr 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
+4.1%
Implied 1-yr
+16.2%
2026 Q3
$344K
2026 Q4
$355K
ZIP 48162 — Median Price History + Forecast

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