NOT LISTED FOR SALE

1281 Pearson St Ferndale, MI 48220

Estimated Value: $330,000 - $393,000

3 Beds
2 Baths
1,735 Sq Ft
$206/Sq Ft Est. Value

Last Sold September 01, 2017

Last sale price $207,000 $119 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,526/month

2 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Forced Air Heating System
  • Garage
  • Awning
  • Ceiling Fan
  • Laundry Facilities

About This Home

As of September 2017

GREAT INVESTMENT OPPORTUNITY, WITHIN WALKING DISTANCE TO DOWNTOWN FERNDALE. CLOSE TO SCHOOLS, PARKS AND SHOPPING. THIS 2 UNIT UPPER/LOWER DUPLEX HAS BEEN COMPLETELY REDONE. IT HAS A NEWER ROOF, NEWER KITCHEN CABINET'S, ALL NEW CARPET (HARDWOOD FLOORS UNDER CARPET) NEW CERAMIC TILE FLOOR IN UPPER BATH. BOTH UNITS HAVE ENCLOSED SITTING PORCHES OFF THE BACK. ALL APPLIANCES INCLUDED.
ROUGHED IN BASEMENT READY FOR STORAGE. SEPERATE FURNACE AND ELECTRICAL. FENCED YARD AND TWO CAR GARAGE. SELLER HAD LONG TIME TENANTS AND WAS GETTING $850. FOR THE LOWER AND $750. FOR THE UPPER. NOW IS A GREAT TIME FOR NEW TENANTS AND NEW PROFITS.

Last Agent to Sell the Property

Sarah Ebaugh

Real Estate One License #6501341777 Listed on: 08/18/2017

Real Estate One

Last Buyer's Agent

Lisa Bradford

Real Estate One-Troy License #RCO-6501325055

Real Estate One-Troy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925 | Remodeled in 2017

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Fenced

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,735 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Garage
  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2533252017

Community Details

Overview

  • 2 Units
  • Leggett Farm Sub Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,628

Year Built

Built in 1925 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Year Renovated: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Unfinished
  • Total Sq Ft: 1735

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Awning/Overhang(s), Fenced
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch - Enclosed
  • Road Frontage Type: Pub. Sidewalk
  • Sideof Street: S

Garage/Parking

  • MF Parking: Garages, On Street, Unassigned/General

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

Lot Info

  • List Price per Acre: 1557142.8571
  • Lot Size Area: 0.14
  • Lot Dimensions: 50X125
  • Parcel Number: 2533252017
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1850

Tax Info

  • Tax Amount Summer: 4447.0000
  • Tax Amount Winter: 181.0000
  • Total Tax: 4628.0000

Multi Family

  • Gross Scheduled Income: 22200.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2017
Closed on
Sep 1, 2017
Sold by
Ebaugh Jeffrey J and Ebaugh James R
Bought by
1281 Pearson Llc
Seller's Agent
Sarah Ebaugh
Real Estate One
Buyer's Agent
Lisa Bradford
Real Estate One-Troy
List Price
$218,000
Sold Price
$207,000
Premium/Discount to List
-$11,000
-5.05%
Current Estimated Value
$357,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,937
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Feb 25, 2002
Sold by
Ebaugh Gregory
Bought by
Ebaugh James R

Purchase Details

Closed on
Dec 7, 2001
Sold by
Ebaugh Dorothy A
Bought by
Ebaugh Jeffrey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.87%
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

Date Buyer Sale Price Title Company
1281 Pearson Llc $207,000 Cislo Title Co
Ebaugh James R $25,000 --
Ebaugh Jeffrey J $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ebaugh Jeffrey J $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2017 09/01/17 Sold $207,000 -5.0% $119 / Sq Ft
08/20/2017 08/20/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $218,000 -- $126 / 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
2025 $7,865 $156,350 $0 $0
2024 $7,633 $154,100 $0 $0
2023 $7,374 $143,370 $0 $0
2022 $7,312 $129,750 $0 $0
2021 $7,287 $119,980 $0 $0
2020 $6,974 $115,040 $0 $0
2019 $7,026 $107,210 $0 $0
2018 $7,005 $91,240 $0 $0
2017 $4,679 $90,590 $0 $0
2016 $4,628 $85,880 $0 $0
2015 -- $80,280 $0 $0
2014 -- $71,350 $0 $0
2011 -- $63,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sarah Ebaugh

    Seller's Agent in 2017

    Sarah Ebaugh

    Real Estate One

    (248) 217-0436

    16 Total Sales

    Sarah Ebaugh
    Section Image
  • Lisa Bradford

    Buyer's Agent in 2017

    Lisa Bradford

    Real Estate One-Troy

    (248) 225-4160

    2 in this area

    17 Total Sales

    Lisa Bradford
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 217074508

Realcomp

APN: 25-33-252-017

Michigan Oakland County Ferndale 48220

1281 Pearson St, Ferndale, MI

Not Listed for Sale

MultiFamily

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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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