Seller's Agent in 2025
Tracey Freeman
KW Domain
(248) 772-1997
1 in this area
54 Total Sales
242 W Webster St Ferndale, MI 48220
4
Beds
2
Baths
1,860
Sq Ft
4,356
Sq Ft Lot
About This Home
As of October 2025Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add to value. Excellent income producing property generating $46,000+ annually. The first floor unit is set up as a short term rental (Airbnb) with 100% occupancy for the last 2 years, averaging $2,300/ month. The second floor unit is currently leased at $1,930/month with a consistent 2+ year rental history. Perfect for investors, house-hackers or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity in one of Metro Detroit's hottest rental markets! Owner is a licensed agent.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1926
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 35x122
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2 Full Bathrooms
- 1,860 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 2534452047
Community Details
Overview
- 2 Units
- Adolph Slomans Woodward Blvd Subdivision
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2020
Closed on
Jun 9, 2020
Sold by
Abb Development Llc
Bought by
Gardner Jay
Seller's Agent
Lanie Hardy Cosgrove
KW Domain
Buyer's Agent
Wendi Miller
KW Domain
List Price
$310,000
Sold Price
$310,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$255,000
Outstanding Balance
$226,038
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$194,421
Purchase Details
Closed on
Dec 5, 2019
Sold by
Cooke Linda
Bought by
Abb Development Llc
Purchase Details
Closed on
Nov 20, 2019
Sold by
Cooke Linda
Bought by
Cooke Linda
Purchase Details
Closed on
Dec 18, 2009
Sold by
Lang Elizabeth B and Lang John P
Bought by
Lang Elizabeth B and Cooke Linda
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $310,000 | None Available | |
| Warranty Deed | $150,000 | Seaver Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/31/2025 10/31/25 | Sold | $408,000 | 0.0% | $219 / Sq Ft | |
| 10/31/2025 10/31/25 | For Rent | $1,900 | 0.0% | -- | |
| 10/22/2025 10/22/25 | Pending | -- | -- | -- | |
| 09/29/2025 09/29/25 | Price Changed | $427,500 | -1.2% | $230 / Sq Ft | |
| 09/18/2025 09/18/25 | Price Changed | $432,500 | -1.7% | $233 / Sq Ft | |
| 09/11/2025 09/11/25 | Price Changed | $440,000 | 0.0% | $237 / Sq Ft | |
| 09/11/2025 09/11/25 | For Sale | $440,000 | +7.8% | $237 / Sq Ft | |
| 09/05/2025 09/05/25 | Off Market | $408,000 | -- | -- | |
| 08/25/2025 08/25/25 | Price Changed | $455,000 | -1.1% | $245 / Sq Ft | |
| 08/08/2025 08/08/25 | For Sale | $460,000 | +48.4% | $247 / Sq Ft | |
| 06/09/2020 06/09/20 | Sold | $310,000 | 0.0% | $167 / Sq Ft | View Prior Sale |
| 04/19/2020 04/19/20 | Pending | -- | -- | -- | |
| 04/15/2020 04/15/20 | For Sale | $310,000 | -- | $167 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | $13,507 | $200,560 | $0 | $0 |
| 2023 | $13,408 | $180,850 | $0 | $0 |
| 2022 | $13,035 | $167,000 | $0 | $0 |
| 2021 | $12,228 | $161,930 | $0 | $0 |
| 2020 | $7,551 | $103,410 | $0 | $0 |
| 2019 | $3,376 | $94,940 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tracey Freeman
-
Wendi Miller
Seller's Agent in 2025
Wendi Miller
Good Company
(248) 568-9881
3 in this area
84 Total Sales
-
Lanie Hardy Cosgrove
Seller's Agent in 2020
Lanie Hardy Cosgrove
KW Domain
(248) 703-1105
28 in this area
321 Total Sales
-
Leslie Hardy
Seller Co-Listing Agent in 2020
Leslie Hardy
KW Domain
(248) 703-6203
25 in this area
184 Total Sales
Map
Source: Realcomp
MLS Number: 20251024095
APN: 25-34-452-047
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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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