NOT LISTED FOR SALE

1505 Ferris Ave Lincoln Park, MI 48146

Estimated Value: $105,741 - $156,000

4 Beds
2 Baths
1,308 Sq Ft
$104/Sq Ft Est. Value

Last Sold October 31, 2014

Last sale price $35,000 $27 Per Sq Ft

Est. 289% increase in value since last sale

Current estimated payment $950/month

170 Days on Market

Highlights

  • Colonial Architecture
  • Fenced Yard
  • Forced Air Heating System
  • Corner Lot
  • Porch
  • Private Entrance

About This Home

As of October 2014

Two story vinyl sided two family upper/lower with stone front. Fully occupied and rental certified. Upstairs unit includes stove and fridge. Main floor tenant has exclusive use of basement and laundry facilities. Off street asphalt parking pad off open alley in rear. Rear stairway entrance to upper unit.

Last Agent to Sell the Property

Ken Lieber

Lieber Corporation License #MCAR-6502135430 Listed on: 05/03/2014

Last Buyer's Agent

Ken Lieber

Lieber Corporation License #MCAR-6502135430 Listed on: 05/03/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 30x97
  • Private Entrance
  • Fenced Yard
  • Corner Lot

Parking

  • 2 Car Parking Spaces

Home Design

  • Colonial Architecture
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

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

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Space Heater
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 47007100101000

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Originating MLS: Monroe
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Total Tax Amount: 1699
  • Total Tax Year: 2013
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block, Full
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 1308

Exterior Features

  • Construction: Stone, Vinyl Siding
  • Exterior Features: Fenced Yard, Porch, Sidewalks, Street Lights
  • Frontage: 30
  • Foundation Type: Basement
  • Roads: Alley, Curbed, Paved Street

Garage/Parking

  • Parking: 2 Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air, Space Heater
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Storm, Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Sidewalks, Street Lights, Private Entry
  • Association Fee Includes: Water

Schools

  • High School: Lincoln Park High School

Lot Info

  • Assessments: 38
  • Assessments: Yes
  • Assessor Parcel Number: 47007100101000
  • Location: Corner Lot, Subdivision
  • Lot Dimensions: 30x97
  • Acreage: 0.1
  • Lot Description: Platted, Sidewalks
  • Zoning: Residential
  • Map Side Numeric: 14
  • Map Top Alpha: V
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Trash Removal, Water/Sewer
  • Lease Information: Month-To-Month

Tax Info

  • Summer Tax: Year: 2013, Amount: $1,380.00
  • Winter Tax: Year: 2013, Amount: $319.00
  • Taxable Value: 24200
  • Total Tax: Year: 2013, Amount: $1,699.00
  • SEV Year: 2013

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Lincoln Park Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2020
Sold by
Guizar Marie
Bought by
Flores Heladio
Current Estimated Value
$136,185

Purchase Details

Closed on
Dec 10, 2020
Sold by
Brown Brian H and Brown Judy H
Bought by
Guizar Marie

Purchase Details

Listed on
May 3, 2014
Closed on
Oct 31, 2014
Sold by
Brown Brian H and Brown Judy H
Bought by
Guizar Marie
Seller's Agent
Ken Lieber
Lieber Corporation
Buyer's Agent
Ken Lieber
Lieber Corporation
List Price
$37,900
Sold Price
$35,000
Premium/Discount to List
-$2,900
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.37%
Original Mortgage
$29,000
Interest Rate
4%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Flores Heladio $55,000 --
Guizar Marie $35,000 --
Guizar Marie $35,000 Michigan Title Insurance Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guizar Marie $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2014 10/31/14 Sold $35,000 0.0% $27 / Sq Ft
10/31/2014 10/31/14 Sold $35,000 -7.7% $27 / Sq Ft
10/22/2014 10/22/14 Pending -- -- --
10/20/2014 10/20/14 Pending -- -- --
05/03/2014 05/03/14 For Sale $37,900 0.0% $29 / Sq Ft
02/06/2014 02/06/14 For Sale $37,900 -- $29 / 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 $2,505 $63,900 $0 $0
2024 $2,505 $57,900 $0 $0
2023 $2,378 $49,100 $0 $0
2022 $2,989 $40,900 $0 $0
2021 $2,522 $34,800 $0 $0
2020 $1,624 $31,700 $0 $0
2019 $1,049 $26,600 $0 $0
2018 $944 $23,300 $0 $0
2017 $709 $23,200 $0 $0
2016 $1,236 $23,200 $0 $0
2015 $2,270 $22,700 $0 $0
2013 $2,420 $25,300 $0 $0
2012 $2,056 $26,100 $4,700 $21,400
Source: Public Records

Agents Affiliated with this Home

  • Ken Lieber

    Seller's Agent in 2014

    Ken Lieber

    Lieber Corporation

    (313) 622-9645

    3 in this area

    11 Total Sales

    Ken Lieber
    Section Image

  • K

    Buyer's Agent in 2014

    Kenneth Lieber

    Lieber Corporation

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31191467

Michigan Multiple Listing Service

APN: 45-007-10-0101-000

Michigan Wayne County Lincoln Park 48146

1505 Ferris Ave, Lincoln Park, MI

This home is located at 1505 Ferris Ave, Lincoln Park, MI 48146 since 03 May 2014 and is currently estimated at $136,185, approximately $104 per square foot. This property was built in 1941. 1505 Ferris Ave is a home located in Wayne County with nearby schools including Raupp Elementary School, Lincoln Park Middle School, and Lincoln Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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