5551 Forest Dr
Monroe, MI 48161
2 bd 1 ba 1,048 sqft Built 1950 Lot 6,970 sqft single_family
Most recent sale
$129,900
Mar 3, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 3, 2022 | Sold | $129,900 | MLS #50065154 |
| Apr 5, 2016 | Sold | $89,000 | Public Record |
| Apr 1, 2016 | Listing removed | $89,900 | SEBorderAOR |
| Mar 31, 2016 | Sold | $89,000 | MLS #20449199 |
| Jan 14, 2016 | Price changed | $89,900 | MLS #3445495 |
| Nov 10, 2015 | Price changed | $93,000 | MLS #3445495 |
| Sep 18, 2015 | Listed | $89,900 | MLS #20449199 |
| Aug 18, 2003 | Sold | $104,000 | Public Record |
| Dec 3, 1992 | Sold | $61,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $50,400 | $453 |
| 2020 | — | — | $45,750 | $1,211 |
| 2019 | — | — | $43,700 | $438 |
| 2018 | — | — | $39,250 | $1,030 |
| 2017 | — | — | $38,550 | $900 |
| 2016 | — | — | $33,600 | $751 |
| 2015 | — | — | $31,500 | $723 |
| 2014 | — | — | $27,600 | $718 |
| 2013 | — | — | $31,500 | $812 |
| 2012 | — | — | $32,700 | $846 |
| 2011 | — | — | $31,900 | $828 |
Property facts
Year built
1950
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,048 sqft
Lot size
6,970 sqft
ZIP code
48161
City
Monroe
Street
Forest Dr
Coordinates
41.89246, -83.42030
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$779
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 5551 Forest Dr last sell?
5551 Forest Dr most recently sold on Mar 3, 2022 for $129,900.
What is the current tax assessment for 5551 Forest Dr?
The most recent total assessment for 5551 Forest Dr (year 2021) is $50,400 with $453 in property tax.
How does 5551 Forest Dr's assessment compare to its last sale price?
The current assessment is 61.2% below the last sale price of $129,900.
When was 5551 Forest Dr built?
5551 Forest Dr was built in 1950.
How does 5551 Forest Dr compare to others on Forest Dr?
We track 8 other properties on Forest Dr. Browse the list under "Other properties on Forest Dr" to compare beds, baths, and sale history.
What are the property facts for 5551 Forest Dr?
5551 Forest Dr is a 2 bed, 1 bath, 1,048 sqft, 6,970 sqft lot single_family.
Is 5551 Forest Dr a flip candidate?
No — 5551 Forest Dr does not appear in our flips dataset.
Is 5551 Forest Dr a tax-appeal candidate?
No — 5551 Forest Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.2%
Implied 1-yr
+4.8%
2026 Q3
$214.5K
2026 Q4
$216.8K
ZIP 48161 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Forest Dr