550 Locust St
Morenci, MI 49256
3 bd 2 ba 1,510 sqft Built 1940 Lot 17,424 sqft single_family
Most recent sale
$190,000
Sep 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 28, 2024 | Sold | $190,000 | Realcomp |
| Jul 12, 2024 | Listed | $199,000 | Realcomp |
| Sep 29, 2022 | Sold | $190,000 | Public Record |
| Jul 18, 2022 | Price changed | $210,000 | MLS #50081166 |
| Jul 2, 2022 | Listed | $225,000 | MLS #50081166 |
| Nov 3, 2021 | Sold | $60,000 | Public Record |
| Oct 10, 2021 | Listed | $60,000 | MLS #50057499 |
| Mar 11, 2013 | Listing removed | $16,780 | Lenawee |
| Feb 15, 2013 | Price changed | $16,780 | MLS #20007338 |
| Jan 18, 2013 | Listed | $21,780 | MLS #20007338 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $46,700 | $1,718 |
| 2020 | — | — | $43,300 | $2,678 |
| 2019 | — | — | $41,800 | $2,601 |
| 2018 | — | — | $38,300 | $2,543 |
| 2017 | — | — | $38,100 | $2,412 |
| 2016 | — | — | $37,300 | $2,492 |
| 2015 | — | — | $36,300 | $2,455 |
| 2014 | — | — | $35,300 | $2,320 |
| 2013 | — | — | $37,100 | $2,238 |
| 2012 | — | — | $41,100 | $2,768 |
| 2011 | — | — | $42,500 | $1,751 |
| 2010 | — | — | $46,100 | $1,901 |
| 2009 | — | — | $50,600 | $2,188 |
| 2008 | — | — | $53,000 | $1,486 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,510 sqft
Lot size
17,424 sqft
ZIP code
49256
City
Morenci
Street
Locust St
Coordinates
41.71995, -84.20808
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,265
Gross rental yield
14.31%
Implied cap rate
9.30%
Trend-extrapolated value
—
Frequently asked questions
When did 550 Locust St last sell?
550 Locust St most recently sold on Sep 29, 2022 for $190,000.
What is the current tax assessment for 550 Locust St?
The most recent total assessment for 550 Locust St (year 2021) is $46,700 with $1,718 in property tax.
How does 550 Locust St's assessment compare to its last sale price?
The current assessment is 75.4% below the last sale price of $190,000.
When was 550 Locust St built?
550 Locust St was built in 1940.
How does 550 Locust St compare to others on Locust St?
We track 8 other properties on Locust St. Browse the list under "Other properties on Locust St" to compare beds, baths, and sale history.
What are the property facts for 550 Locust St?
550 Locust St is a 3 bed, 2 bath, 1,510 sqft, 17,424 sqft lot single_family.
Is 550 Locust St a flip candidate?
Yes — 550 Locust St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 550 Locust St a tax-appeal candidate?
No — 550 Locust St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.9%
Implied 1-yr
-7.6%
2026 Q2
$120.5K
2026 Q3
$117.9K
ZIP 49256 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Locust St