NOT LISTED FOR SALE

22012 Woodward Ave Ferndale, MI 48220

Estimated Value: $440,986

4 Beds
6 Baths
3,114 Sq Ft
$142/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $575,000 $185 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $2,914/month

52 Days on Market

Highlights

  • Accessible Approach with Ramp
  • Accessible Full Bathroom
  • Forced Air Heating and Cooling System
  • Accessible Doors
  • Programmable Thermostat
  • Private Entrance

About This Home

As of February 2022

The Ferndale Three is a unique blend of properties that consists of 2 properties with 3 units total, being sold as a package. The 1st property is 2, 112 square foot fully refurbished mixed use property on Woodward Avenue that features a ground floor retail space secured by a 5 year tenant and a modern refurbished second floor 2 bedroom apartment with a balcony. The 2nd property is located directly behind the building. The property consists of a fully refurbished 2 bedroom residential home with a 10 space parking lot directly behind the home which serves as parking for both the residential units and the retail tenants/customers.

Last Agent to Sell the Property

Tory Sheffer

Signature Sotheby's International Realty Bham License #6501386870 Listed on: 10/07/2021

Signature Sotheby's International Realty Bham

Last Buyer's Agent

Justin Watson

HomeCraft Real Estate License #6501427091

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1935 | Remodeled in 2019

Lot Details

  • 2,178 Sq Ft Lot
  • Private Entrance

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Rubber Roof
  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,114 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 10 Parking Spaces
  • Paved Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Common Area
  • Accessible Doors
  • Accessible Approach with Ramp
  • Accessible Entrance

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2534255008

Community Details

Overview

  • 3 Units
  • Woodward Farms Add Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,817

Year Built

Built in 1935 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1935
  • State Equalized Value: 75330.0000
  • Year Renovated: 2019
  • Accessibility Features: Accessible Approach with Ramp, Accessible Common Area, Accessible Doors, Accessible Entrance, Accessible Full Bath
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Programmable Thermostat, Cable Available
  • Total Bathrooms: 3.30
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3114

Exterior Features

  • Roof Material: Asphalt, Rubber
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl, Shingle Siding
  • Exterior Features: Private Entry
  • Foundation Materials: Block
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 10

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: No

Lot Info

  • Lot Size Area: 0.05
  • Lot Dimensions: Irregular
  • Parcel Number: 2534255008
  • Zoning: Multiple

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 4425

Tax Info

  • Tax Amount Summer: 5678.0000
  • Tax Amount Winter: 139.0000
  • Total Tax: 5817.0000
  • Taxable Value: 75330.0000

Multi Family

  • Gross Scheduled Income: 53100.00
  • Number Of Units Total: 3
  • Number of Efficiency Units: 1

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Feb 4, 2022
Sold by
Woodward And Marshall Llc
Bought by
Premier Real Estate & Investments Llc
Seller's Agent
Tory Sheffer
Signature Sotheby's International Realty Bham
Buyer's Agent
Justin Watson
HomeCraft Real Estate
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%
Current Estimated Value
$440,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$134,014
Avg. Annual Appreciation
-6.47%
Original Mortgage
$402,500
Outstanding Balance
$371,607
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$69,379

Purchase Details

Closed on
Feb 8, 2019
Sold by
Vivace Associates Llc
Bought by
Woodward And Marshall Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$786,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2005
Sold by
Monroe George E and Monroe Susan K
Bought by
Vivace Associates Llc

Purchase Details

Closed on
Aug 11, 1999
Sold by
Robert V Cissell Tr
Bought by
Monroe George E

Purchase Details

Closed on
Mar 13, 1998
Sold by
Cissell Robert V
Bought by
Cissell Robert
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
Premier Real Estate & Investments Llc -- Interstate Title
Woodward And Marshall Llc -- Chicago Title Agency Inc
Woodward And Marshall Llc -- Chirco Title Agency Inc
Vivace Associates Llc -- --
Monroe George E $200,000 --
Cissell Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Premier Real Estate & Investments Llc $402,500
Previous Owner Woodward And Marshall Llc $786,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Sold $575,000 -4.0% $185 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $599,000 -- $192 / Sq Ft
Source: Realcomp

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 $7,444 $109,770 $0 $0
2024 $7,231 $103,370 $0 $0
2023 $6,927 $96,210 $0 $0
2022 $5,949 $82,060 $0 $0
2021 $5,926 $78,130 $0 $0
2020 $5,678 $75,330 $0 $0
2019 $4,326 $70,030 $0 $0
2014 -- $51,200 $0 $0
2011 -- $58,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tory Sheffer

    Seller's Agent in 2022

    Tory Sheffer

    Signature Sotheby's International Realty Bham

    (248) 897-1444

    2 in this area

    6 Total Sales

    Tory Sheffer
    Section Image
  • Justin Watson

    Buyer's Agent in 2022

    Justin Watson

    HomeCraft Real Estate

    (313) 999-4304

    1 in this area

    20 Total Sales

    Justin Watson
    Section Image
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Map

Source: Realcomp

MLS Number: 2210084689

Realcomp

APN: 25-34-255-008

Michigan Oakland County Ferndale 48220

22012 Woodward Ave, Ferndale, MI

Not Listed for Sale

MultiFamily

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2026 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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