NOT LISTED FOR SALE

228 W Webster St Ferndale, MI 48220

Estimated Value: $232,000 - $314,000

4 Beds
2 Baths
1,700 Sq Ft
$157/Sq Ft Est. Value

Last Sold September 17, 2024

Last sale price $240,000 $141 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,674/month

18 Days on Market

Highlights

  • Tudor Architecture
  • Forced Air Heating and Cooling System
  • Fenced
  • Porch

About This Home

As of September 2024

Discover the potential of this charming duplex located in the heart of Ferndale, Michigan. Sold as is, this property offers an excellent opportunity for those looking to invest in real estate with a promising future. Situated in a desirable neighborhood, this duplex boasts a solid structure and a prime location. The lower unit features 3 spacious bedrooms and 1 full bath, complete with elegant wood floors that add warmth and character. Perfect for comfortable living or renting out to tenants seeking a cozy space. Upstairs, the upper unit offers flexibility as either a 1 or 2 bedroom layout, complemented by a full bath. Ideal for generating rental income or accommodating extended family members, this unit provides various possibilities for the new owner. Previously rented and now vacant, both units are ready for a fresh start. With a little TLC and personalized touches, this property could shine brightly once again. Whether you're looking to house hack and live in one unit while renting out the other, or eager to expand your investment portfolio, this duplex promises a solid foundation for your real estate endeavors. Don't miss out on this opportunity to own a piece of Ferndale's vibrant community and capitalize on its thriving rental market. Schedule a showing today and envision the potential that awaits in this versatile duplex property. Welcome Home!

Last Agent to Sell the Property

Ryan Nelson

DOBI Real Estate License #6501372468 Listed on: 07/27/2024

DOBI Real Estate

Last Buyer's Agent

Jim Shaffer

Good Company License #6502380733

Good Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00 x 122.00
  • Fenced

Home Design

  • Tudor Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,700 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2534452049
  • $7,200 Seller Concession

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,192

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Tudor
  • Architecture Level: 2 Story
  • Assessment: 309.00
  • Year Built: 1927
  • State Equalized Value: 99790.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Circuit Breakers
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1700

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Fencing: Fenced

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)

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00 x 122.00
  • Parcel Number: 2534452049
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1950

Tax Info

  • Tax Amount Summer: 3117.0000
  • Tax Amount Winter: 75.0000
  • Total Tax: 3192.0000
  • Taxable Value: 41610.0000

Multi Family

  • Gross Scheduled Income: 20208.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2024
Closed on
Sep 16, 2024
Sold by
Pemberton Kelly and Pemberton Marie
Bought by
Stozicki Katherine and Clifton Tyler
Seller's Agent
Ryan Nelson
DOBI Real Estate
Buyer's Agent
Jim Shaffer
Good Company
List Price
$244,900
Sold Price
$240,000
Premium/Discount to List
-$4,900
-2%
Views
68
Current Estimated Value
$266,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,920
Avg. Annual Appreciation
10.05%

Purchase Details

Closed on
Sep 24, 1999
Sold by
Pemberton Marie
Bought by
Pemberton Craig
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
Stozicki Katherine $240,000 None Listed On Document
Pemberton Craig -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2024 09/17/24 Sold $240,000 -2.0% $141 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
07/27/2024 07/27/24 For Sale $244,900 -- $144 / 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 $3,237 $110,660 $0 $0
2023 $3,117 $99,790 $0 $0
2022 $3,082 $90,390 $0 $0
2021 $3,072 $83,310 $0 $0
2020 $2,946 $80,640 $0 $0
2019 $2,966 $73,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240053352

Realcomp

APN: 25-34-452-049