NOT LISTED FOR SALE

178 W Webster St Ferndale, MI 48220

Estimated Value: $286,000 - $318,000

2 Beds
2 Baths
1,649 Sq Ft
$184/Sq Ft Est. Value

Last Sold July 09, 2018

Last sale price $190,000 $115 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,051/month

129 Days on Market

Highlights

  • Balcony
  • Enclosed Patio or Porch
  • Forced Air Heating System

About This Home

As of July 2018

Investment opportunity! Well maintained brick 2 unit on double lot in desirable Ferndale neighborhood. Upper and lower unit each have 1 bedroom plus den. Lower unit has an enclosed front porch with newer windows; upper unit has front and rear balconies. Basement includes separate storage areas and shared laundry. Recent updates include roof and glass block windows. Parcel # 24-25-34-452-055 is included in the sale. Licensed agent must be present for all showings, 48 hours notice is required. Please do not disturb tenants. BATVAI

Last Agent to Sell the Property

Alethea Nichol

Trust Realty LLC License #6501378052 Listed on: 01/14/2018

Last Buyer's Agent

Christopher Powers

EXP Realty LLC License #RCO-6501389628

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x122

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 1,649 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Adolph Sloman's Woodward Blvd Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534452054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,679

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • 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
  • Sq Ft Combined: 1649
  • Total Sq Ft: 1649
  • Sq Ft Total Bsmt: 1200

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Porch Type: Balcony, Porch - Enclosed
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 1905000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 35X122
  • Parcel Number: 2534452054
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1700

Tax Info

  • Tax Amount Summer: 3537.0000
  • Tax Amount Winter: 142.0000
  • Total Tax: 3679.0000

Multi Family

  • Gross Scheduled Income: 20400.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of One Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2018
Closed on
Jul 9, 2018
Sold by
Wolanin Properties Llc
Bought by
Stillo Jonathan
Seller's Agent
Alethea Nichol
Trust Realty LLC
Buyer's Agent
Christopher Powers
EXP Realty LLC
List Price
$224,900
Sold Price
$190,000
Premium/Discount to List
-$34,900
-15.52%
Current Estimated Value
$304,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,211
Avg. Annual Appreciation
6.65%

Purchase Details

Closed on
Sep 6, 2017
Sold by
Wolanin Kristal and Wolanin Timothy J
Bought by
Wolanin Properties Llc

Purchase Details

Closed on
Apr 29, 1997
Sold by
Smith Darryl K
Bought by
Orthner Donald

Purchase Details

Closed on
Apr 15, 1996
Sold by
Orthner Dale
Bought by
Orthner Donald
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
Stillo Jonathan $190,000 Embassy Title Agency Inc
Wolanin Properties Llc -- None Available
Orthner Donald $50,000 --
Orthner Donald -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2018 07/09/18 Sold $190,000 -0.3% $115 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
05/11/2018 05/11/18 Price Changed $190,500 -1.0% $116 / Sq Ft
05/07/2018 05/07/18 Price Changed $192,500 -1.2% $117 / Sq Ft
04/12/2018 04/12/18 Price Changed $194,900 -2.5% $118 / Sq Ft
04/02/2018 04/02/18 Price Changed $199,900 -2.4% $121 / Sq Ft
03/19/2018 03/19/18 Price Changed $204,900 -2.8% $124 / Sq Ft
03/12/2018 03/12/18 Price Changed $210,900 -3.2% $128 / Sq Ft
02/27/2018 02/27/18 Price Changed $217,900 -3.1% $132 / Sq Ft
02/21/2018 02/21/18 For Sale $224,900 0.0% $136 / Sq Ft
02/11/2018 02/11/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $224,900 +18.4% $136 / Sq Ft
01/17/2018 01/17/18 Off Market $190,000 -- --
01/14/2018 01/14/18 For Sale $224,900 -- $136 / 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 $5,412 $132,740 $0 $0
2023 $5,149 $117,130 $0 $0
2022 $5,349 $106,340 $0 $0
2021 $5,205 $99,300 $0 $0
2020 $4,934 $95,580 $0 $0
2019 $5,013 $87,590 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Alethea Nichol

    Trust Realty LLC

    Section Image

  • C

    Buyer's Agent in 2018

    Christopher Powers

    EXP Realty LLC

See All Agents

Map

Source: Realcomp

MLS Number: 218003349

Realcomp

APN: 25-34-452-054

Michigan Oakland County Ferndale 48220

178 W Webster St, Ferndale, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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