NOT LISTED FOR SALE

2338 Mahan St Ferndale, MI 48220

Estimated Value: $219,000 - $264,299

3 Beds
1 Bath
912 Sq Ft
$260/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $195,000 $214 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,804/month

118 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • No HOA

About This Home

As of March 2024

Excellent starter home or investor property. Located in north Ferndale on a dead-end street. This 3 bedroom ranch features hardwood floors, a nice bathroom and kitchen area, fireplace with a full basement. There is a pad out back with space for two cars. This is a nice well kept property that was formally a rental. There is some opportunity to put some sweat equity to drive value.

Last Agent to Sell the Property

Erick Monzo

Keller Williams Realty-Great Lakes License #6501330189 Listed on: 10/12/2023

Keller Williams Realty-Great Lakes

Co-Listed By

john hawthorne

GoodHome Realty LLC License #6501419763

Last Buyer's Agent

Christina Gennari

KW Domain License #6501322143

KW Domain

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50.00 x 103.00

Home Design

  • Ranch Style House
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 912 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

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

Community Details

  • No Home Owners Association
  • Stephenson Super Highway Sub No 5 Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2526132003

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 183.00
  • Year Built: 1941
  • State Equalized Value: 107110.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 912
  • Total Sq Ft: 912
  • Sq Ft Total Bsmt: 905

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Hazel Park

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.12
  • Lot Dimensions: 50.00 x 103.00
  • Parcel Number: 2526132003

Tax Info

  • Tax Amount Summer: 8450.0000
  • Tax Amount Winter: 110.0000
  • Total Tax: 8560.0000
  • Taxable Value: 107110.0000

MLS Schools

  • School District: Hazel Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Feb 26, 2024
Sold by
4D2 Holdings Llc
Bought by
Njovu Anne Ryan
Seller's Agent
Erick Monzo
Keller Williams Realty-Great Lakes
Buyer's Agent
Christina Gennari
KW Domain
List Price
$199,000
Sold Price
$195,000
Premium/Discount to List
-$4,000
-2.01%
Views
196
Current Estimated Value
$237,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,575
Avg. Annual Appreciation
14.59%
Original Mortgage
$189,150
Outstanding Balance
$186,220
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$51,355

Purchase Details

Listed on
May 10, 2022
Closed on
Jun 30, 2022
Sold by
Eric Ehrhardt
Bought by
4D2 Holdings Llc
Seller's Agent
Shawn Holman
EXP Realty Main
Buyer's Agent
john hawthorne
GoodHome Realty LLC
List Price
$225,000
Sold Price
$175,000
Premium/Discount to List
-$50,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$5,000,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2015
Sold by
Legare Brian M and Legare Samantha
Bought by
Ehrhardt Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2008
Sold by
Dow Timothy E and Dow Rachel M
Bought by
Legare Brian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,301
Interest Rate
6.1%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 14, 2003
Sold by
Dow Timothy E
Bought by
Dow Timothy E and Dow Rachel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,450
Interest Rate
10.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 1997
Sold by
Pohil Gerald
Bought by
Dow Timothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,600
Interest Rate
7.08%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Njovu Anne Ryan $195,000 None Listed On Document
Njovu Anne Ryan $195,000 None Listed On Document
Njovu Anne Ryan $195,000 None Listed On Document
4D2 Holdings Llc $175,000 None Listed On Document
Ehrhardt Eric $105,000 Title Source Inc
Legare Brian M $89,000 Capital Title Ins Agency
Dow Timothy E -- Philip R Seaver Title Co Inc
Dow Timothy E $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Njovu Anne Ryan $189,150
Closed Njovu Anne Ryan $189,150
Previous Owner 4D2 Holdings Llc $165,532
Previous Owner 4D2 Holdings Llc $5,000,000
Previous Owner Ehrhardt Eric $120,000
Previous Owner Ehrhardt Eric $73,110
Previous Owner Ehrhardt Eric $78,750
Previous Owner Legare Brian M $86,860
Previous Owner Legare Brian M $88,301
Previous Owner Dow Timothy E $120,800
Previous Owner Dow Timothy E $30,200
Previous Owner Dow Timothy E $143,450
Previous Owner Dow Timothy E $76,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $195,000 -2.0% $214 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $199,000 +2.1% $218 / Sq Ft
01/26/2024 01/26/24 Off Market $195,000 -- --
01/02/2024 01/02/24 Price Changed $199,000 -5.2% $218 / Sq Ft
12/04/2023 12/04/23 Price Changed $210,000 -3.7% $230 / Sq Ft
11/29/2023 11/29/23 Price Changed $218,000 -0.4% $239 / Sq Ft
11/10/2023 11/10/23 Price Changed $218,900 0.0% $240 / Sq Ft
10/25/2023 10/25/23 Price Changed $219,000 -4.8% $240 / Sq Ft
10/12/2023 10/12/23 For Sale $230,000 0.0% $252 / Sq Ft
09/27/2022 09/27/22 Rented $1,650 0.0% --
09/22/2022 09/22/22 Under Contract -- -- --
09/06/2022 09/06/22 Price Changed $1,650 -8.3% $2 / Sq Ft
08/04/2022 08/04/22 For Rent $1,800 0.0% --
07/01/2022 07/01/22 Sold $175,000 -2.7% $192 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
06/04/2022 06/04/22 Price Changed $179,900 -10.0% $197 / Sq Ft
05/21/2022 05/21/22 Price Changed $199,900 -11.2% $219 / Sq Ft
05/10/2022 05/10/22 For Sale $225,000 0.0% $247 / Sq Ft
03/04/2021 03/04/21 Rented $1,400 0.0% --
02/26/2021 02/26/21 Under Contract -- -- --
02/02/2021 02/02/21 For Rent $1,400 +16.7% --
12/21/2018 12/21/18 Rented $1,200 0.0% --
12/13/2018 12/13/18 Under Contract -- -- --
10/19/2018 10/19/18 Price Changed $1,200 -7.7% $1 / Sq Ft
08/15/2018 08/15/18 For Rent $1,300 0.0% --
09/06/2017 09/06/17 Rented $1,300 0.0% --
08/18/2017 08/18/17 For Rent $1,300 0.0% --
09/12/2016 09/12/16 Rented $1,300 0.0% --
08/22/2016 08/22/16 Under Contract -- -- --
07/23/2016 07/23/16 For Rent $1,300 -23.5% --
01/18/2016 01/18/16 Rented $1,700 +41.7% --
01/14/2016 01/14/16 Under Contract -- -- --
12/15/2015 12/15/15 Price Changed $1,200 -4.0% $1 / Sq Ft
11/01/2015 11/01/15 Price Changed $1,250 -3.8% $1 / Sq Ft
09/17/2015 09/17/15 For Rent $1,300 -- --
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 $6,115 $112,040 $0 $0
2023 $8,450 $107,110 $0 $0
2022 $5,052 $101,340 $0 $0
2021 $5,022 $94,050 $0 $0
2020 $4,826 $87,300 $0 $0
2019 $5,035 $80,400 $0 $0
2018 $4,767 $64,680 $0 $0
2017 $4,671 $63,170 $0 $0
2016 $4,634 $54,140 $0 $0
2015 -- $33,880 $0 $0
2014 -- $28,630 $0 $0
2011 -- $37,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230085614

Realcomp

APN: 25-26-132-003