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3363 Parkwood Ave, Monroe, MI, 48162

2beds
1baths
980sqft
$125,000
$128price/sqft
$1,086/moest. monthly cost
$43,440/yrincome needed

About This Home

TENANT OCCUPIED - Investment opportunity - Welcome to a hidden gem walking distance from the Beach park of Lake Erie! Whether you're looking for a year-round residence or a peaceful retreat, this 2 bedroom, 1-bath home offers incredible potential in a beautiful setting. Enjoy easy access to the water with two nearby boat launch zones, perfect for fishing, kayaking, or weekend boating adventures. Fresh comfortable carpet flooring - Freshly painted - Small office room - Porch area for storage and relaxation. Inside, the home features a cozy NEW kitchen with granite countertops, a full bathroom, two comfortably sized bedrooms, New Furnace 2025, New Hot Water Tank 2026, A shed provides convenient storage for tools or recreational gear. With its unbeatable location, this property is bursting with potential. Don’t miss your chance to be part of the lake life. BUYER/BUYER AGENT TO VERIFY ALL INFORMATION.

Getting Around

38
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

--
Sodt Elementary SchoolGrades PK-10.6 mi
5/10
Jefferson Middle SchoolGrades 5-81.0 mi
6/10
Jefferson High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2025

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage,Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Free Standing Gas Range,Free Standing Refrigerator

Bedroom

  • Level: Entry
  • Area: 120
  • Dimensions: 12 X 10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Bonus Room

  • Level: Entry
  • Area: 36
  • Dimensions: 6 X 6

Dining Room

  • Level: Entry
  • Area: 80
  • Dimensions: 10 X 8

Features

  • Finished area above ground: 980

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 980 sqft

Kitchen

  • Level: Entry
  • Area: 192
  • Dimensions: 16 X 12

Living Room

  • Level: Entry
  • Area: 224
  • Dimensions: 16 X 14

Other

  • Level: Entry
  • Area: 48
  • Dimensions: 8 X 6

Primary Bedroom

  • Level: Entry
  • Area: 120
  • Dimensions: 12 X 10

Sitting Room

  • Level: Entry
  • Area: 120
  • Dimensions: 5 X 24

Property

Details

  • Parcel number: 580797275300
  • Special condition: Agent Owned,Short Sale No

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevelwSteps
  • Pool features: None

Lot

  • Lot size: 3,920 sqft
  • Lot size dimensions: 40 x 100

Parking

  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Inland Flooding
Ice Storm
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters in Monroe County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $632$7,584
Home Insurance *$64$768
Property Taxes $202$2,424
Electricity $188$2,259
Total$1,086$13,032
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$37,234/yr
40% on housing$32,580/yr
45% on housing$28,960/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.0%
11.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$128This listing

vs Other Active Listings

Avg $/sqft

ZIP 48162$152
Monroe County$132

vs Homes Sold Last Month

Median $/sqft

ZIP 48162$164
Monroe County$173

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-01-17Listed for sale$135,000
2025-12-30Listing removed$1,550
2025-11-11Price change$1,550
2025-08-28Listed for rent$1,600
2025-08-07Sold$50,000
2025-07-31Pending sale$79,900
2025-07-28Listed for sale$79,900
2025-07-23Pending sale$79,900
2025-07-15Price change$79,900
2025-07-07Listed for sale$99,900

For Sale by Agent

AgentChristopher Kassab
BrokerageEXP Realty Main

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