$339,900
SOLD JAN 6, 2025

201 Academy St Ferndale, MI 48220

3 Beds
2 Baths
1,306 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$260 Per Sq Ft

4 Days on Market

Highlights

  • Craftsman Architecture
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Covered patio or porch
  • 2 Car Garage
  • Fenced

About This Home

As of January 2025

Beautifully updated Craftsman-style property in the heart of Ferndale, currently used as a single-family home but designed for easy conversion back to a two-family residence! This 3-bedroom, 2-bath home features hardwood floors, a spacious kitchen with modern appliances, and a cozy living room with a natural fireplace. The partially finished second floor offers a versatile layout, ideal for dual living spaces or rental opportunities with a private entrance option already in place. Outdoor features include a charming covered porch, a patio, and a fenced backyard, perfect for entertaining or relaxing. The 2.5-car detached garage provides abundant storage. Situated just minutes from downtown Ferndale’s vibrant shopping and dining scene and conveniently close to public transportation and major highways, this home is perfect for both homeowners and investors. Don't miss this unique opportunity to own a property offering exceptional flexibility for multi-generational living or income potential!

Last Agent to Sell the Property

Christine Leininger

The Home Company License #6501421472 Listed on: 12/06/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924 | Remodeled in 2022

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50.00 x 108.00
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,306 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered patio or porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2534204039

Community Details

Overview

  • 2 Units
  • The Little Farms Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,776

Year Built

Built in 1924 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Craftsman
  • Architecture Level: 2 Story
  • Assessment: 337.00; Rubbish
  • Year Built: 1924
  • State Equalized Value: 129000.0000
  • Year Renovated: 2022
  • Foundation Features: Drainage System
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Private
  • Sq Ft Combined: 1306
  • Total Sq Ft: 1306
  • Sq Ft Total Bsmt: 871

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch - Covered, Patio, Porch, Patio - Covered, Covered
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 50.00 x 108.00
  • Parcel Number: 2534204039
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 6555.0000
  • Tax Amount Winter: 221.0000
  • Total Tax: 6776.0000
  • Taxable Value: 129000.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2022
Closed on
Jun 17, 2022
Sold by
Man Properties Llc
Bought by
Cazaumayou Guillaume and West Jasmin
Seller's Agent
Thomas Styf
RE/MAX Complete
Buyer's Agent
Savannah Cavender Lemieux
EXP Realty
List Price
$299,900
Sold Price
$296,000
Premium/Discount to List
-$3,900
-1.3%
Current Estimated Value
$338,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,120
Avg. Annual Appreciation
4.37%
Original Mortgage
$251,600
Outstanding Balance
$241,045
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$97,075

Purchase Details

Listed on
Mar 2, 2015
Closed on
Jan 30, 2015
Sold by
201 Academy Llc
Bought by
Man Properties Llc
Seller's Agent
Thomas Styf
RE/MAX Complete
Buyer's Agent
Adriana Leaf
Max Broock, REALTORS®-Birmingham
Sold Price
$850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
3.85%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 11, 2009
Sold by
Man Properties Llc
Bought by
1905 Romeo Llc

Purchase Details

Closed on
Mar 17, 2009
Sold by
Nehra Andrew and Man Properties Llc
Bought by
201 Academy Llc

Purchase Details

Closed on
Mar 11, 2009
Sold by
Federal Deposit Insurance Corporation
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
May 7, 2008
Sold by
Schneemann Jonathan E and Schneemann Lynn
Bought by
Washington Mutual Bank

Purchase Details

Closed on
Nov 5, 2004
Sold by
Burns Edward
Bought by
Schneemann Jonathan E and Schneemann Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Interest Rate
4.59%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 26, 2002
Sold by
Boyajian John
Bought by
Burns Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
7.16%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $296,000 Liberty Title
Warranty Deed $296,000 Liberty Title
Quit Claim Deed -- Hbi Title Services Inc
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Receivers Deed -- Parks
Warranty Deed -- None Available
Warranty Deed $132,000 Metropolitan Title Company
Deed $105,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $251,600 New Conventional
Closed $251,600 New Conventional
Previous Owner $468,000 Future Advance Clause Open End Mortgage
Previous Owner $105,600 Unknown
Previous Owner $99,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $339,900 0.0% $260 / Sq Ft
01/06/2025 01/06/25 Sold $339,900 +0.3% $260 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
12/11/2024 12/11/24 Pending -- -- --
12/06/2024 12/06/24 For Sale $339,000 0.0% $260 / Sq Ft
12/06/2024 12/06/24 For Sale $339,000 +14.5% $260 / Sq Ft
06/17/2022 06/17/22 Sold $296,000 -1.3% $227 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/14/2022 05/14/22 For Sale $299,900 0.0% $230 / Sq Ft
03/11/2015 03/11/15 Rented $850 0.0% --
03/10/2015 03/10/15 Under Contract -- -- --
03/02/2015 03/02/15 For Rent $850 +70.0% --
06/01/2013 06/01/13 Rented $500 0.0% --
05/13/2013 05/13/13 Under Contract -- -- --
05/08/2013 05/08/13 For Rent $500 -28.6% --
08/24/2012 08/24/12 Rented $700 0.0% --
08/08/2012 08/08/12 Under Contract -- -- --
07/10/2012 07/10/12 For Rent $700 +40.0% --
06/11/2012 06/11/12 Rented $500 0.0% --
06/11/2012 06/11/12 Under Contract -- -- --
05/02/2012 05/02/12 For Rent $500 -- --
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 $6,555 $129,000 $0 $0
2023 $6,351 $122,510 $0 $0
2022 $4,385 $112,630 $0 $0
2021 $4,371 $102,210 $0 $0
2020 $4,188 $95,620 $0 $0
2019 $4,217 $85,490 $0 $0
2018 $4,204 $65,150 $0 $0
2017 $4,143 $63,210 $0 $0
2016 $4,097 $51,670 $0 $0
2015 -- $44,210 $0 $0
2014 -- $37,790 $0 $0
2011 -- $40,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240089595

Realcomp

APN: 25-34-204-039