NOT LISTED FOR SALE

240 E Drayton St Ferndale, MI 48220

Estimated Value: $433,728 - $534,000

4 Beds
2 Baths
1,524 Sq Ft
$310/Sq Ft Est. Value

Last Sold August 15, 2012

Last sale price $64,000 $42 Per Sq Ft

Est. 638% increase in value since last sale

Current estimated payment $3,178/month

12 Days on Market

Highlights

  • Porch
  • Ceiling Fan
  • Fenced
  • Forced Air Heating System

About This Home

As of August 2012

Two family home close to freeways and shopping. Two car garage in fenced yard. Built in gas grill. Living room has stunning floors, dark wood work with cove ceilings and great natural light. Cozy galley kitchen has wainscoting. Lots of storage in the retro bath with glass block windows. Good size bedrooms. Separate furnaces. Fannie Mae HomePath property sold as is. Owner occs must sign owner/occ cert. HomePath mortgage & renovation mortgage eligible.

Last Agent to Sell the Property

Cal Fowler

Fowler Real Estate License #6501240350 Listed on: 06/01/2012

Last Buyer's Agent

Judy Palmer

RE/MAX Showcase Homes License #6502118318

RE/MAX Showcase Homes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

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

Home Design

  • Duplex

Interior Spaces

  • 2 Full Bathrooms
  • 1,524 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Woodward Heights Sub No 2 Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2527327014
  • $1,848 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

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

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1524
  • Total Sq Ft: 1524

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Fenced, Lighting
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 1

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 707500.0000
  • Lot Size Area: 0.12
  • Lot Dimensions: 40X129
  • Parcel Number: 2527327014
  • Zone Conform: Yes
  • Zoning: Residential
  • Homestead Percent: 0 Percent

Rental Info

  • Legal Rental Certified: Yes

Tax Info

  • Tax Amount Summer: 3682.0000
  • Tax Amount Winter: 58.0000
  • Total Tax: 3740.0000

Multi Family

  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2017
Sold by
Smith Rebecca K
Bought by
Westphal Rhonda A
Current Estimated Value
$472,432

Purchase Details

Closed on
Aug 23, 2013
Sold by
Hamel Duane A and Faulkner Gillian M
Bought by
Westphal Rhonda A and Smith Rebecca K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,910
Outstanding Balance
$133,793
Interest Rate
4.39%
Mortgage Type
New Conventional
Estimated Equity
$338,639
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
Westphal Rhonda A -- None Available
Westphal Rhonda A $199,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westphal Rhonda A $179,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2012 08/15/12 Sold $64,000 -24.6% $42 / Sq Ft
06/13/2012 06/13/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $84,900 -- $56 / 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 $8,175 $195,010 $0 $0
2023 $7,956 $181,820 $0 $0
2022 $8,014 $173,230 $0 $0
2021 $8,063 $168,500 $0 $0
2020 $7,631 $167,660 $0 $0
2019 $6,995 $151,230 $0 $0
2018 $7,223 $142,550 $0 $0
2017 $5,832 $136,140 $0 $0
2016 $5,769 $123,570 $0 $0
2015 -- $113,720 $0 $0
2014 -- $98,540 $0 $0
2011 -- $87,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Cal Fowler

    Fowler Real Estate

    (248) 589-2100

    4 in this area

    74 Total Sales

    Cal Fowler
    Section Image
  • Judy Palmer

    Buyer's Agent in 2012

    Judy Palmer

    RE/MAX

    (248) 568-0338

    26 in this area

    99 Total Sales

    Judy Palmer
    Section Image
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Map

Source: Realcomp

MLS Number: 212056226

Realcomp

APN: 25-27-301-033

Michigan Oakland County Ferndale 48220

240 E Drayton St, Ferndale, MI

This home is located at 240 E Drayton St, Ferndale, MI 48220 since 01 June 2012 and is currently estimated at $472,432, approximately $309 per square foot. This property was built in 1925. 240 E Drayton St is a home located in Oakland County with nearby schools including Ferndale Lower Elementary Campus, Ferndale Upper Elementary Campus, and Ferndale Middle School.

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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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