NOT LISTED FOR SALE

217 E Drayton St Ferndale, MI 48220

Estimated Value: $327,002 - $354,000

3 Beds
2 Baths
1,472 Sq Ft
$235/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $191,500 $130 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,500/month

4 Days on Market

Highlights

  • Terrace
  • Balcony
  • Garage
  • Covered Patio or Porch
  • Forced Air Heating System
  • Fenced

About This Home

As of May 2016

Location, Location, Location... Excellent opportunity to own this updated 2 unit.. Easy to rent, owner said it takes just hours to fill once offered..Or live in one unit and rent the other.. Tenants love the easy walk to Downtown Ferndale! Bright& Neutral decor, freshly painted, 1st floor unit with 2 bedrooms, updated kitchen w/ new cabinets, counters, flooring, appliances stay. Updated ceramic tiled bath, large formal dining with living room that open to covered front porch. Upper 1 bedroom unit with updated kitchen, bath, large dining room, living room that opens to 2 exterior terraces. additional updates include: windows, furnace, water heater, plumbing, electrical, interior doors. Separate electric meters. Large 2 1/2 car garage that can be rented separately. Large Shared Basement. Plenty of parking in driveway and street.

Last Agent to Sell the Property

Margie Farris

KW Platinum License #6501315929 Listed on: 04/02/2016

KW Platinum

Last Buyer's Agent

Ann Marie Burns

Berkshire Hathaway HomeServices HWWB License #RCO-6501239823

Berkshire Hathaway HomeServices HWWB

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x129
  • Fenced

Parking

  • Garage

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,472 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Terrace

Utilities

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

Community Details

  • 2 Units
  • Woodward Heights Sub No 2 Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2527326027
  • $2,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,978

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 1/2 Story
  • Assessment: 234
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1472

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Porch Type: Balcony, Porch - Covered, Terrace
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Garages, Paved

Utilities

  • Heating Fuel: Natural Gas
  • 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: 1599166.6667
  • Lot Size Area: 0.12
  • Lot Dimensions: 40X129
  • Parcel Number: 2527326027
  • Zoning: Residential

Rental Info

  • Rent Includes: Heat, Water/Sewer
  • Monthly Rental Income: 1800

Tax Info

  • Tax Amount Summer: 2911.0000
  • Tax Amount Winter: 67.0000
  • Total Tax: 2978.0000

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2023
Sold by
Mccracken David
Bought by
David W Mccracken Declaration Of Trust
Current Estimated Value
$345,251

Purchase Details

Listed on
Apr 2, 2016
Closed on
May 6, 2016
Sold by
Affer Mark and Affer Sandra
Bought by
Mccracken David W
Seller's Agent
Margie Farris
KW Platinum
Buyer's Agent
Ann Marie Burns
Berkshire Hathaway HomeServices HWWB
List Price
$169,000
Sold Price
$191,500
Premium/Discount to List
$22,500
13.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$143,625
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2007
Sold by
Neal Keith M and Joseph Paulette
Bought by
Affer Mark and Affer Sandra

Purchase Details

Closed on
Sep 7, 2005
Sold by
Joseph Annis C and Joseph Paulette
Bought by
Neal Keith M and Joseph Paulette
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
David W Mccracken Declaration Of Trust -- None Listed On Document
Mccracken David W $191,500 Devon Title Agency
Affer Mark -- None Available
Neal Keith M -- Title Quest Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccracken David W $143,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2016 05/06/16 Sold $191,500 +13.3% $130 / Sq Ft
04/06/2016 04/06/16 Pending -- -- --
04/02/2016 04/02/16 For Sale $169,000 -- $115 / 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 $8,337 $160,490 $0 $0
2024 $8,090 $155,440 $0 $0
2023 $7,816 $146,510 $0 $0
2022 $7,751 $135,300 $0 $0
2021 $7,725 $129,750 $0 $0
2020 $7,393 $125,850 $0 $0
2019 $7,448 $114,810 $0 $0
2018 $7,426 $96,950 $0 $0
2017 $7,517 $95,650 $0 $0
2016 $3,107 $69,810 $0 $0
2015 -- $63,990 $0 $0
2014 -- $52,880 $0 $0
2011 -- $50,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Margie Farris

    KW Platinum

    (586) 764-1885

    77 Total Sales

    Margie Farris
    Section Image

  • A

    Buyer's Agent in 2016

    Ann Marie Burns

    Berkshire Hathaway HomeServices HWWB

    (248) 646-6200

    3 in this area

    32 Total Sales

    Ann Marie Burns
    Section Image
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Map

Source: Realcomp

MLS Number: 216030265

Realcomp

APN: 25-27-326-027

Michigan Oakland County Ferndale 48220

217 E Drayton St, Ferndale, MI

Not Listed for Sale

MultiFamily

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

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