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Seller's Agent in 2022
Randall Wolber
Simple Fee Listings
1018 Pearson St Ferndale, MI 48220
Estimated Value: $330,000 - $443,000
4
Beds
2
Baths
1,750
Sq Ft
$219/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Forced Air Heating and Cooling System
- 2 Car Garage
- Covered Patio or Porch
About This Home
As of June 2022***INVESTOR SPECIAL**** Nice Duplex-needs work, but lots of potential. Projected Gross income 36,000+. Two units with 2 Bedrooms & 1 full bath. First floor unit with approx 1100 Sqft & second floor unit approx 650 Sqft. Each unit has its own meter, furnace & hot water tank, first floor unit has central air. Both furnaces & hot water tanks are newer. Great Investment opportunity! Fixer-upper 1750 sqft, Possibly also can be turned into single family home with right touch.
Last Agent to Sell the Property
Randall Wolber
Simple Fee Listings License #6501413722 Listed on: 04/30/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1928
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 40.00x128.00
Parking
- 2 Car Garage
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
Interior Spaces
- 2 Full Bathrooms
- 1,750 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Outdoor Features
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2533276026
Community Details
Overview
- 2 Units
- Ridgeway Sub Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2022
Closed on
Jun 22, 2022
Sold by
Giuseppe Mainella
Bought by
Costello Daniel G and Costello Elina W
Seller's Agent
Randall Wolber
Simple Fee Listings
Buyer's Agent
Johanna Walker
O'Connor Realty
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,680
Avg. Annual Appreciation
12.59%
Original Mortgage
$187,500
Outstanding Balance
$177,691
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$204,989
Purchase Details
Closed on
Apr 13, 2022
Sold by
Donald Alexander
Bought by
Mainella Giuseppe and Mainella Anita
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Costello Daniel G | $250,000 | None Listed On Document | |
| Mainella Giuseppe | $200,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Costello Daniel G | $187,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/22/2022 06/22/22 | Sold | $250,000 | -2.0% | $143 / Sq Ft |
| 05/18/2022 05/18/22 | Pending | -- | -- | -- |
| 05/14/2022 05/14/22 | Price Changed | $255,000 | -7.3% | $146 / Sq Ft |
| 04/30/2022 04/30/22 | For Sale | $275,000 | -- | $157 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,657 | $213,400 | $0 | $0 |
| 2024 | $11,308 | $218,440 | $0 | $0 |
| 2023 | $9,248 | $131,980 | $0 | $0 |
| 2022 | $3,045 | $112,580 | $0 | $0 |
| 2021 | $3,063 | $108,090 | $0 | $0 |
| 2020 | $2,909 | $106,830 | $0 | $0 |
| 2019 | $2,952 | $101,130 | $0 | $0 |
| 2018 | $2,961 | $82,570 | $0 | $0 |
| 2017 | $2,924 | $83,310 | $0 | $0 |
| 2016 | $2,888 | $80,230 | $0 | $0 |
| 2015 | -- | $77,100 | $0 | $0 |
| 2014 | -- | $67,240 | $0 | $0 |
| 2011 | -- | $51,350 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Johanna Walker
Buyer's Agent in 2022
Johanna Walker
O'Connor Realty
(248) 767-1194
3 in this area
26 Total Sales
Map
Source: Realcomp
MLS Number: 2220031557
APN: 25-33-276-026
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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