NOT LISTED FOR SALE

251 Academy St Ferndale, MI 48220

Estimated Value: $235,000 - $261,443

4 Beds
1 Bath
925 Sq Ft
$265/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $188,850 $204 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,818/month

39 Days on Market

Highlights

  • Ground Level Unit
  • 1 Car Detached Garage
  • Forced Air Heating System
  • No HOA
  • Bungalow

About This Home

As of October 2021

This home is located at 251 Academy St, Ferndale, MI 48220 since 03 August 2021 and is currently estimated at $245,361, approximately $265 per square foot. This property was built in 1922. 251 Academy St is a home located in Oakland County with nearby schools including Ferndale Lower Elementary Campus, Ferndale Upper Elementary Campus, and Ferndale Middle School.

Last Agent to Sell the Property

Rita Khayat

Max Broock Realtors License #6501339486 Listed on: 08/03/2021

Max Broock Realtors

Last Buyer's Agent

Sophie Smith

KW Metro License #RCO-6501409325

KW Metro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1922

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50.00x108.00
  • Property fronts a private road

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Poured Concrete

Interior Spaces

  • 925 Sq Ft Home
  • 1.5-Story Property
  • Basement
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • The Little Farms Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534205023

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,102

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1922
  • State Equalized Value: 50650.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 8
  • Total Bedrooms: 4
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access)
  • Sq Ft Combined: 925
  • Total Sq Ft: 925
  • Sq Ft Total Bsmt: 925

Exterior Features

  • Foundation Details: Basement
  • Foundation Materials: Poured
  • Frontage Feet: 40
  • Road Frontage Type: Private

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 50.00X108.00
  • Parcel Number: 2534205023

Tax Info

  • Tax Amount Summer: 2052.0000
  • Tax Amount Winter: 50.0000
  • Total Tax: 2102.0000
  • Taxable Value: 26790.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Oct 25, 2021
Sold by
American Home Realty Llc
Bought by
Rivett Adelaide
Seller's Agent
Rita Khayat
Max Broock Realtors
Buyer's Agent
Sophie Smith
KW Metro
List Price
$229,000
Sold Price
$188,850
Premium/Discount to List
-$40,150
-17.53%
Total Days on Market
39
Current Estimated Value
$245,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,511
Avg. Annual Appreciation
8.43%
Original Mortgage
$183,185
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2009
Sold by
Lempert Sheldon A
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Apr 17, 2000
Sold by
Barrtr Elmer M
Bought by
Lempert Sheldon A

Purchase Details

Closed on
Oct 14, 1998
Sold by
Barr Elmer M
Bought by
Elmer M Barr Tr
Source: Public Records

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Range of Values:

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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
Rivett Adelaide $195,000 Capital Title
Federal Home Loan Mortgage Corp $111,686 None Available
Lempert Sheldon A $105,000 --
Elmer M Barr Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rivett Adelaide $183,185
Previous Owner Lempert Sheldon A $35,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $188,850 -3.2% $204 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
09/03/2021 09/03/21 Price Changed $195,000 -11.0% $211 / Sq Ft
08/17/2021 08/17/21 Price Changed $219,000 -4.4% $237 / Sq Ft
08/03/2021 08/03/21 For Sale $229,000 0.0% $248 / Sq Ft
06/14/2017 06/14/17 Rented $1,250 0.0% --
06/02/2017 06/02/17 Under Contract -- -- --
05/29/2017 05/29/17 For Rent $1,250 +19.0% --
01/16/2013 01/16/13 Rented $1,050 0.0% --
01/16/2013 01/16/13 Under Contract -- -- --
01/01/2013 01/01/13 For Rent $1,050 -- --
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 $5,287 $109,850 $0 $0
2023 $5,142 $105,280 $0 $0
2022 $5,175 $95,770 $0 $0
2021 $2,713 $85,170 $0 $0
2020 $2,599 $78,800 $0 $0
2019 $2,618 $70,100 $0 $0
2018 $2,610 $63,640 $0 $0
2017 $2,572 $61,700 $0 $0
2016 $2,539 $50,320 $0 $0
2015 -- $42,980 $0 $0
2014 -- $36,680 $0 $0
2011 -- $39,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210062851

Realcomp

APN: 25-34-204-044