NOT LISTED FOR SALE

1306 Pearson St Ferndale, MI 48220

Estimated Value: $395,000 - $481,000

4 Beds
2 Baths
1,826 Sq Ft
$242/Sq Ft Est. Value

Last Sold December 12, 2019

Last sale price $276,500 $151 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,950/month

19 Days on Market

Highlights

  • Tudor Architecture
  • Porch
  • Many Trees
  • Fenced Yard
  • Forced Air Heating and Cooling System

About This Home

As of December 2019

Great income property! Brick Tudor with loads of charm! Up/down duplex. Quiet, well established neighborhood. Lots of windows for natural sunlight. Both kitchens have cute updates, and appliances stay. Central air in the upper unit. Nice balcony off upper bedroom where you can have your morning coffee and enjoy the nature of your huge fenced in backyard. There are raised garden beds for flowers or vegetables. Walking distance to Ferndale High School. A 5 minute drive to downtown Ferndale, 20 minutes to downtown Detroit.

Last Agent to Sell the Property

Marianne Cox

Key Realty One LLC - Roessler License #MCAR-6501417265 Listed on: 10/27/2019

Last Buyer's Agent

Darrin Driesenga

Good Company License #RCO-6501412498

Good Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Fenced Yard
  • Many Trees

Home Design

  • Duplex
  • Tudor Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Parking Spaces
  • On-Street Parking

Schools

  • Ferndale High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Separate Meters
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Porch

Community Details

  • 2 Units
  • Leggett Farm Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-25-33-251-036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,976

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Tudor
  • Total Tax Amount: 3976
  • Total Tax Year: 2018
  • Year Built: 1929
  • Mail City: Ferndale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Block, Full
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Sub Room Description: Entry
  • Source of Sq Ft: Public Records

Exterior Features

  • Construction: Brick
  • Exterior Features: Fenced Yard, Porch, Sidewalks, Street Lights
  • Frontage: 50
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Parking: 2 Spaces, On Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Window Unit(s), Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 24-25-33-251-036
  • Location: Subdivision
  • Lot Dimensions: 50 x 125
  • Acreage: 0.14
  • Lot Description: Sidewalks, Treed
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2018, Amount: $3,859.00
  • Winter Tax: Year: 2018, Amount: $117.00
  • Total Tax: Year: 2018, Amount: $3,976.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Ferndale City School District
  • HighSchool: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2019
Closed on
Dec 12, 2019
Sold by
Cox Thomas
Bought by
Sherman George Arthur and Sherman Lorraine
Seller's Agent
Marianne Cox
Key Realty One LLC - Roessler
Buyer's Agent
Darrin Driesenga
Good Company
List Price
$270,000
Sold Price
$276,500
Premium/Discount to List
$6,500
2.41%
Current Estimated Value
$441,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,267
Avg. Annual Appreciation
8.03%

Purchase Details

Listed on
Oct 27, 2019
Closed on
Dec 11, 2019
Sold by
Kwapis Jo Anne and Cox Jo Anne
Bought by
Cox Thomas
Seller's Agent
Marianne Cox
Key Realty One LLC - Roessler
Buyer's Agent
Darrin Driesenga
Good Company
List Price
$270,000
Sold Price
$276,500
Premium/Discount to List
$6,500
2.41%

Purchase Details

Closed on
Sep 16, 2008
Sold by
Penrod Kenneth G
Bought by
Fifth Third Mortgage Co

Purchase Details

Closed on
Mar 25, 2002
Sold by
Kerr William G
Bought by
Penrod Kenneth G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
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
Sherman George Arthur $276,500 Lawyers Title Agcy Of Monroe
Cox Thomas -- None Available
Fifth Third Mortgage Co $108,000 None Available
Penrod Kenneth G $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penrod Kenneth G $166,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2019 12/12/19 Sold $276,500 +0.2% $151 / Sq Ft
10/27/2019 10/27/19 Price Changed $275,900 +2.2% $151 / Sq Ft
10/27/2019 10/27/19 For Sale $270,000 -- $148 / Sq Ft
Source: Michigan Multiple Listing Service

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 $7,947 $217,500 $0 $0
2024 $7,627 $219,580 $0 $0
2023 $7,412 $207,550 $0 $0
2022 $7,458 $190,110 $0 $0
2021 $7,414 $179,640 $0 $0
2020 $6,731 $123,770 $0 $0
2019 $3,963 $116,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Marianne Cox

    Key Realty One LLC - Roessler

  • D

    Buyer's Agent in 2019

    Darrin Driesenga

    Good Company

    (248) 733-5811

    1 Total Sale

    Darrin Driesenga
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31398801

Michigan Multiple Listing Service

APN: 25-33-251-036

Michigan Oakland County Ferndale 48220

1306 Pearson St, Ferndale, MI

Not Listed for Sale

MultiFamily

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