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Dearborn 48124 Southwest Outer Drive
3404 Merrick Street
$189,000
● House - Off Market

3404 Merrick Street

Dearborn, MI 48124
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,624 Ft²
$197,315
RealtyHop Estimate
4.40%
Since Apr 1, 2023
MI-Detroit
Primary Model

About This Property

Beautifully updated 3 bed 1 bath brick Bungalow with detached garage in West Dearborn.  Large kitchen and dining area with appliances included.  Freshly resurfaced hardwood floors.  One bedroom on the main level and 2 bedrooms upstairs.  The full basement (plumbed for a second bath) is a blank slate for whatever your needs desire.  Great location (just off Outer Drive).  Central AC.  Close to Schools, parks, shopping, dining, hospitals and more.
Unit Size
1,624 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$116
Property Type
House
Property Taxes
$215
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MichRIC MLS #23121963)

Price History

Date / Event Date Event Price
Mar 22, 2023 Sold
Premium
Sold
Feb 9, 2023 Listed by ERA Reardon Realty $189,000
Listed by ERA Reardon Realty
Sep 8, 1998 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 840
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,540
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEARBORN TRACTOR SUB
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 101 DEARBORN TRACTOR SUB

Neighborhood

  • School District Name: Dearborn City School District
  • School Tax School District: DEARBORN
  • Census Tract: 575401

Zoning

  • Zoning: RA

Geography

  • District: 32
  • Parcel: 82 09 273 24 023
  • Lot: 101
  • Municipality: DEARBORN CITY
  • Latitude: 42.2869
  • Longitude: -83.2418

    Address

  • Full Address: 3404 Merrick St
  • Address - House Number: 3404
  • Address - Street Name: Merrick
  • Address - Suffix Type: St
  • State: MI
  • City Name: Dearborn
  • Carrier Code: C030
  • 4-Digit Zip Code: 3847
  • Zip Code: 48124

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $217,440
  • Tax Rate Code Area: 82030

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 171,090
  • High Value: 249,198
  • Low Value: 92,981

    Market Valuation

  • Market Total Value: $168,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $84,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 21, 2023
  • Current Sale Recording Date: Mar 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 56751
  • Previous Sale Recording Date: Sep 08, 1998
  • Previous Sale Contract Date: Apr 01, 1998
  • Previous Sale Amount: $107,000
  • Previous Sale Document Type: 27
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 Dearborn

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$194

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1793 ft²

Average Home Age

53.7 years

Currently For Sale

3 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 3604 Walnut Street, Dearborn, MI, 48124

$1,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,164 ft²
3604 Walnut Street, Dearborn, MI, 48124 Listing by Dean Fracassi

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Jason L Aldrich, ERA Reardon Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23121963
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 3404 Merrick Street built and last sold?
The property at 3404 Merrick Street was built in 1950 and last sold on Mar 21, 2023 for $190,000.
How much is this home worth?
The estimated value of the home located at 3404 Merrick Street is $191,979.
What are some comparable homes to 3404 Merrick Street?
There are currently no comparable homes to 3404 Merrick Street.
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