NOT LISTED FOR SALE

1018 Pearson St Ferndale, MI 48220

Ferndale Area

Estimated Value: $316,000 - $511,000

4 Beds
2 Baths
1,750 Sq Ft
$253/Sq Ft Est. Value

Sale Details

Date Sold: June 22, 2022

Last sale price $250,000 $143 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,367 / mo

17 Days on Market

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

Last Buyer's Agent

Johanna Walker

O'Connor Realty License #RCO-6501384796

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,063

Year Built

Built in 1928

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Year Built: 1928
  • State Equalized Value: 108090.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1750

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00X128.00
  • Parcel Number: 2533276026
  • Zone Conform: Yes
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 3000

Tax Info

  • Tax Amount Summer: 2969.0000
  • Tax Amount Winter: 94.0000
  • Total Tax: 3063.0000
  • Taxable Value: 51040.0000

Multi Family

  • Gross Scheduled Income: 36000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2022
Closed on
Jun 22, 2022
Sold by
Bought by
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
$443,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,431
Avg. Annual Appreciation
15.04%
Original Mortgage
$187,500
Interest Rate
0.053%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2022
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,000 None Listed On Document
$200,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $187,500
Previous Owner $65,800
Previous Owner $40,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,498 $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

  • R

    Seller's Agent in 2022

    Randall Wolber

    Simple Fee Listings

    Section Image
  • Johanna Walker

    Buyer's Agent in 2022

    Johanna Walker

    O'Connor Realty

    (248) 301-1317

    25 Total Sales

    Johanna Walker
    Section Image
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Map

Source: Realcomp

MLS Number: 2220031557

Realcomp

APN: 25-33-276-026

Michigan Oakland County Ferndale 48220

1018 Pearson St, Ferndale, MI

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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