NOT LISTED FOR SALE

1279 Leroy St Ferndale, MI 48220

Estimated Value: $320,000 - $406,000

3 Beds
2 Baths
1,690 Sq Ft
$213/Sq Ft Est. Value

Last Sold August 22, 2014

Last sale price $149,900 $89 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $2,315/month

14 Days on Market

Highlights

  • Covered Patio or Porch
  • Ceiling Fan
  • Private Entrance
  • Forced Air Heating System
  • 6 Car Garage

About This Home

As of August 2014

Spacious,Updated & Terrific Location on this Ferndale Home- Close to Downtown- Licensed Two Family Home- Two Bedrooms, Liv Rm w/ Decorative Fireplace, Dining Rm, Large Updated Kit, Upper- One Bedroom - Living Rm, Dining Rm, Kit, Full Bath & Loads of Closets-Lease expires Nov ’14, Upper $690/ Lower $725- Rents could be higher. Tenants pay all utilities. Partially Fin Bsmt , 2 car garage. Newer: Windows, Furnace, Appliances, Electrical.

Last Agent to Sell the Property

Judy Palmer

RE/MAX Showcase Homes License #6502118318 Listed on: 05/16/2014

RE/MAX Showcase Homes

Last Buyer's Agent

Judy Palmer

RE/MAX Showcase Homes License #6502118318 Listed on: 05/16/2014

RE/MAX Showcase Homes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Private Entrance

Parking

  • 6 Car Garage

Home Design

  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,690 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Leggett Farm Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2533251017
  • $2,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 220
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Partially Finished, Private
  • Sq Ft Combined: 2490
  • Sq Ft Lower Floor: 800
  • Total Sq Ft: 1690
  • Sq Ft Total Bsmt: 966

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Poured
  • Frontage Feet: 50
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage: Yes
  • MF Parking: Paved
  • Total Parking Spaces: 6

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 1070714.2857
  • Lot Size Area: 0.14
  • Lot Dimensions: 50 X 125
  • Parcel Number: 2533251017
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup)
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1415

Tax Info

  • Tax Amount Summer: 3791.6100
  • Tax Amount Winter: 71.6300
  • Total Tax: 3863.2400

Multi Family

  • Gross Scheduled Income: 16980.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 1

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2014
Closed on
Aug 22, 2014
Sold by
Wtr Enterprises Llc and Graef Johanna
Bought by
Tamm John B
Seller's Agent
Judy Palmer
RE/MAX Showcase Homes
Buyer's Agent
Judy Palmer
RE/MAX Showcase Homes
List Price
$149,900
Sold Price
$149,900
Current Estimated Value
$359,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,453
Avg. Annual Appreciation
8.22%
Original Mortgage
$127,415
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2006
Sold by
Graef Howard L and Graef Francina
Bought by
Wtr Enterprises Llc

Purchase Details

Closed on
Nov 1, 2004
Sold by
Kruger Michael and Mchenney Mary
Bought by
Graef Howard L and Graef Francina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
5.8%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Tamm John B $149,900 Partners Title Agency Llc
Wtr Enterprises Llc -- None Available
Graef Howard L $168,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tamm John B $106,500
Closed Tamm John B $106,500
Closed Tamm John B --
Previous Owner Tamm John B $127,415
Previous Owner Graef Ronald L $134,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2014 08/22/14 Sold $149,900 0.0% $89 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $149,900 -- $89 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

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
2024 $4,795 $145,500 $0 $0
2023 $4,653 $135,320 $0 $0
2022 $4,674 $122,530 $0 $0
2021 $4,701 $112,900 $0 $0
2020 $4,458 $106,010 $0 $0
2019 $4,528 $98,600 $0 $0
2018 $4,543 $84,860 $0 $0
2017 $4,486 $83,980 $0 $0
2016 $4,436 $79,480 $0 $0
2015 -- $74,310 $0 $0
2014 -- $66,210 $0 $0
2011 -- $59,940 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 214045850

Realcomp

APN: 25-33-251-017