NOT LISTED FOR SALE

229 E Bennett Ave Ferndale, MI 48220

Estimated Value: $237,000 - $298,000

4 Beds
2 Baths
1,752 Sq Ft
$150/Sq Ft Est. Value

Last Sold November 26, 2024

Last sale price $220,000 $126 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,635/month

287 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of November 2024

duplex in fashionable Ferndale. Includes addresses 229 and 231 e Bennett. Easy access to highways, bus stops, downtown Ferndale, Royal oak and Detroit. updated furnace, water heater and roof. Great opportunity to make a great investment in growing community. Each unit has been updated in the past years and well maintained.

Last Agent to Sell the Property

Thomas Gammon

National Realty Centers, Inc License #6501297469 Listed on: 01/16/2024

National Realty Centers, Inc

Last Buyer's Agent

Joe Hammel

Keller Williams Somerset License #6501422602

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30 x 100

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,752 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Additional Features

  • Accessible Common Area
  • Covered Patio or Porch

Listing and Financial Details

  • Assessor Parcel Number 2534478028

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,010

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 309.00
  • Year Built: 1925
  • State Equalized Value: 100810.0000
  • Accessibility Features: Common Area
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, 100 Amp Service, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 1752

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

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

Fee Information

  • Operating Expense: 3600.00

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30 x 100
  • Parcel Number: 2534478028
  • Zoning: Multi-Family, Residential

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Monthly Rental Income: 1600

Tax Info

  • Tax Amount Summer: 2943.0000
  • Tax Amount Winter: 67.0000
  • Total Tax: 3010.0000
  • Taxable Value: 39030.0000

Multi Family

  • Gross Scheduled Income: 19200.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Nov 21, 2024
Sold by
Elvira Lou Barnes Living Trust
Bought by
Khu Steven
Seller's Agent
Thomas Gammon
National Realty Centers, Inc
Buyer's Agent
Joe Hammel
Keller Williams Somerset
List Price
$334,900
Sold Price
$220,000
Premium/Discount to List
-$114,900
-34.31%
Views
608
Current Estimated Value
$262,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,761
Avg. Annual Appreciation
17.35%
Original Mortgage
$165,000
Outstanding Balance
$162,974
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$99,787

Purchase Details

Closed on
Jun 30, 2000
Sold by
Barnes Gary R
Bought by
Barnes Elvira L
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
Khu Steven $220,000 Liberty Title
Khu Steven $220,000 Liberty Title
Barnes Elvira L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khu Steven $165,000
Closed Khu Steven $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2024 11/26/24 Sold $220,000 -8.3% $126 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
10/11/2024 10/11/24 Price Changed $239,900 -4.0% $137 / Sq Ft
07/22/2024 07/22/24 Price Changed $249,900 -3.8% $143 / Sq Ft
06/28/2024 06/28/24 Price Changed $259,900 -3.7% $148 / Sq Ft
05/21/2024 05/21/24 Price Changed $269,900 -3.6% $154 / Sq Ft
04/10/2024 04/10/24 Price Changed $279,900 -3.4% $160 / Sq Ft
03/08/2024 03/08/24 Price Changed $289,900 -9.4% $165 / Sq Ft
02/12/2024 02/12/24 Price Changed $319,900 -4.5% $183 / Sq Ft
01/16/2024 01/16/24 For Sale $334,900 -- $191 / 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 $3,144 $111,890 $0 $0
2024 $3,014 $110,480 $0 $0
2023 $2,900 $100,810 $0 $0
2022 $2,900 $90,720 $0 $0
2021 $2,900 $83,240 $0 $0
2020 $2,848 $78,680 $0 $0
2019 $2,800 $74,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Gammon

    Seller's Agent in 2024

    Thomas Gammon

    National Realty Centers, Inc

    (810) 599-3533

    3 in this area

    11 Total Sales

    Thomas Gammon
    Section Image
  • Joe Hammel

    Buyer's Agent in 2024

    Joe Hammel

    Keller Williams Somerset

    (248) 422-1685

    15 in this area

    1,087 Total Sales

    Joe Hammel
    Section Image
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Map

Source: Realcomp

MLS Number: 20240002952

Realcomp

APN: 25-34-478-028

Michigan Oakland County Ferndale 48220

229 E Bennett Ave, 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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