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118 E Chestnut St, Morenci, MI, 49256

5beds
1baths
1,416sqft
$124,900
$88price/sqft
$1,038/moest. monthly cost
$41,520/yrincome needed

About This Home

Come tour this inviting 5-bedroom home in the heart of Morenci! This spacious residence offers a functional and versatile layout, featuring a formal dining room perfect for family gatherings and entertaining. The main floor includes three comfortable bedrooms, a full bathroom, convenient main-floor laundry, and plenty of living space for everyday comfort. Upstairs, you'll find two additional generously sized bedrooms, providing flexibility for guests, a home office, or growing households. Enjoy your morning coffee on the welcoming front porch or spend time outdoors in the large backyard, offering plenty of room for recreation, gardening, or relaxing evenings. Conveniently located near local amenities, schools, and parks, this home combines space, comfort, and small-town charm. Don't miss your opportunity to make this Morenci gem your own!

Getting Around

50
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

5/10
Morenci Elementary SchoolGrades PK-50.4 mi
4/10
Morenci Area High SchoolGrades 6-120.3 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Historic
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Range,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Michigan Basement

Bedroom2

  • Level: Upper
  • Area: 140
  • Dimensions: 14.00 x 10.00

Bedroom3

  • Level: Main
  • Area: 144
  • Dimensions: 18.00 x 8.00

Bedroom4

  • Level: Main
  • Area: 77
  • Dimensions: 11.00 x 7.00

Bedroom5

  • Level: Main
  • Area: 182
  • Dimensions: 14.00 x 13.00

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 120
  • Dimensions: 12.00 x 10.00

Features

  • Flooring: Carpet,Wood
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 1,416
  • Total interior livable area: 1,416 sqft

Kitchen

  • Level: Main
  • Area: 165
  • Dimensions: 15.00 x 11.00

Living Room

  • Level: Main
  • Area: 187
  • Dimensions: 17.00 x 11.00

Master Bedroom

  • Level: Upper
  • Area: 140
  • Dimensions: 14.00 x 10.00

Property

Details

  • Parcel number: XM0420041000

Features

  • Stories: 2

Lot

  • Lot size: 9,147 sqft
  • Lot size dimensions: 80 x 116

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

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Lenawee County and Michigan

Severe Ice Storm
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 $631$7,572
Home Insurance *$125$1,500
Property Taxes $94$1,128
Electricity $188$2,259
Total$1,038$12,456
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,588/yr
40% on housing$31,140/yr
45% on housing$27,680/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: 5.3%
5.3%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$88This listing

vs Other Active Listings

Avg $/sqft

ZIP 49256$73
Lenawee County$155

vs Homes Sold Last Month

Median $/sqft

ZIP 49256$90
Lenawee County$141

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
2026-06-01Listed for sale$124,900
2025-05-27Sold$95,000
2025-04-17Contingent$94,875
2025-04-01Listed for sale$94,875
2025-03-06Contingent$94,875
2025-03-04Listed for sale$94,875
2025-03-04Listing removed$94,875
2024-11-22Price change$94,875
2024-10-02Price change$99,875
2024-08-19Listed for sale$109,875
2022-08-09Sold$85,000
2022-08-04Pending sale$79,500
2022-07-05Contingent$79,500
2022-06-07Listed for sale$79,500
2022-01-17Listing removed--
2022-01-06Listed for sale$45,000
2021-11-09Listing removed--
2021-01-25Listed for sale$1,935,000
2014-10-23Sold$45,000
2013-05-29Sold$30,000
2013-01-23Sold$30,000

For Sale by Agent

AgentJeffrey Rising
BrokerageCornerstone Real Estate

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