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West Monroe 48161
15481 Hemlock Street
$190,000
● House - Off Market

15481 Hemlock Street

Monroe, MI 48161
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,478 Ft²
$238,457
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Welcome home! This 3 bed/2 bath ranch home in Evergreen Acres is well maintained, turn-key & move in ready! New central air installed in 2020. Lots of extra space with a full size basement and fully fenced backyard. Quiet neighborhood and conveniently located to restaurants, shopping and local activities. Main floor laundry. Lot of updates: roof, front door, appliances, light fixtures, blinds, siding on garage, nest thermostat, smart garage door and fence.  Conveniently located to I-75 and 23 so easy commute. Schedule your private showing today! Homes like this don't last!,   Primary Bath
Unit Size
1,478 Ft²
Days on Market
75 days
Land Size
0.22 acres
Price per sqft
$122
Property Type
House
Property Taxes
$163
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #23103496)

Price History

Date / Event Date Event Price
Dec 16, 2020 Sold
Premium
Sold
Sep 10, 2020 Listed by Keller Williams Ann Arbor Mrkt $179,900
Listed by Keller Williams Ann Arbor Mrkt
Apr 30, 2015 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 3
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,619
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 700
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EVERGREEN ACRES
  • Land Acres: 0000000657
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MAP 2 EVERGREEN ACRES LOT 68 EXC N 5 FT

Neighborhood

  • School District Name: Monroe Public Schools
  • School Tax School District: MONROE
  • Census Tract: 832300

Geography

  • District: 12
  • Parcel: 12-105-061-10
  • Lot: 68
  • Municipality: MONROE TWP
  • Latitude: 41.908
  • Longitude: -83.433

    Address

  • Full Address: 15481 Hemlock St
  • Address - House Number: 15481
  • Address - Street Name: Hemlock
  • Address - Suffix Type: St
  • State: MI
  • City Name: Monroe
  • Carrier Code: C016
  • 4-Digit Zip Code: 3612
  • Zip Code: 48161

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $106,632
  • Tax Rate Code Area: 12

    Appraisal Valuation

  • Standard Deviation: 0.2023
  • Valuation Date: Dec 21, 2022
  • Confidence Score: 72
  • Final Value: 234,677
  • High Value: 282,156
  • Low Value: 187,198

    Market Valuation

  • Market Total Value: $195,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $97,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 25, 2020
  • Current Sale Recording Date: Dec 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R27184
  • Previous Sale Recording Date: Apr 30, 2015
  • Previous Sale Contract Date: Apr 23, 2015
  • Previous Sale Amount: $122,471
  • Previous Sale Document Type: 64
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About West Monroe

Stats & Trends

Median Asking:

$259,500

Sale Price/ft²

$142

Below Asking

0.11%

Average Days on Market

58

Average Home Size

1953 ft²

Average Home Age

79.5 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 707 Harrison Street, Monroe, MI, 48161

$1,450 /mo

  • 3 Beds
  • 1 Bath
  • 1,104 ft²
707 Harrison Street, Monroe, MI, 48161 Listing by Michael West

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Julie Childers, Keller Williams Ann Arbor Mrkt
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23103496
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 15481 Hemlock Street built and last sold?
The property at 15481 Hemlock Street was built in and last sold on Nov 25, 2020 for $190,000.
How much is this home worth?
The estimated value of the home located at 15481 Hemlock Street is $0.
What are some comparable homes to 15481 Hemlock Street?
There are currently no comparable homes to 15481 Hemlock Street.
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