NOT LISTED FOR SALE

255 Adams Ct Ferndale, MI 48220

Estimated Value: $201,000 - $263,306

3 Beds
1 Bath
1,024 Sq Ft
$225/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $194,750 $190 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,694/month

70 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Programmable Thermostat
  • Porch
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of December 2023

6.25% Interest rate avaible. We are looking to make a deal!! Also The State of Michigan is giving $10,000-20,000 in down payment funds for qualified buyers. This bungalow has that perfect combination of classic charm, convenient location, and the potential for expansion, making it a great option for anyone who wants to build wealth while living in a wonderful home. This bungalow is located close to downtown Ferndale, giving easy access to shopping, restaurants, nightlife and all that Ferndale has to offer. The refinished wood floors look amazing! Recently redone in the living room, bedrooms, and hallway - the beautiful, refinished wood floors add tons of warmth and character. The kitchen comes equipped with appliances, making it also ready for use. Large enough to fit a table and chairs, it's much sweeter in person than these photos make it! The basement is fully finished and includes a fabulous original bar. An attached carport with direct access to the home provides the dual function of giving extra living space and keeping your car out of the elements when not being used. The interior and exterior of the house have been freshly painted, giving it a refreshed and well-maintained appearance. So here is the money shot – this home has an unfinished 3rd bedroom on the 2nd floor that is fully vented and ready to be finished. This presents an opportunity to add a significant amount of additional space to the home. This is the single most cost-effective way to increase the living area and monetary value, compare this option to buying a fully finished home with the same square footage and you'll see what I mean! All in all, this house is the "best $$$ deal in Ferndale". BATVAI

Last Agent to Sell the Property

Nancy Robinson

Real Broker Berkley License #6501293614 Listed on: 09/06/2023

Real Broker Berkley

Co-Listed By

Caren Goldstone

Real Broker Berkley License #6501330043

Last Buyer's Agent

Debby Consiglio

Berkshire Hathaway HomeServices Kee Realty License #6501307441

Berkshire Hathaway HomeServices Kee Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1952

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50.00 x 92.00
  • Back Yard Fenced

Parking

  • Carport

Home Design

  • Bungalow
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 1,024 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors
  • Free-Standing Gas Oven
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Shed
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • 100 Amp Service
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 2534404015
  • $584,250 Seller Concession

Community Details

Overview

  • No Home Owners Association
  • Joseph Sowinski's Ferndale Heights Sub Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,455

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 172.00
  • Year Built: 1952
  • State Equalized Value: 87690.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Smoke Alarm, 100 Amp Service, Carbon Monoxide Alarm(s), Circuit Breakers, High Spd Internet Avail, Programmable Thermostat
  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dryer, Free-Standing Gas Oven, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 1761
  • Sq Ft Lower Floor: 737
  • Total Sq Ft: 1024
  • Sq Ft Total Bsmt: 787

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Poured
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: S
  • Fencing: Back Yard, Fenced

Garage/Parking

  • Garage Size: No Garage
  • Garage Features: Carport

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.11
  • Lot Dimensions: 50.00 x 92.00
  • Parcel Number: 2534404015

Tax Info

  • Tax Amount Summer: 2396.0000
  • Tax Amount Winter: 59.0000
  • Total Tax: 2455.0000
  • Taxable Value: 32420.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Dec 22, 2023
Sold by
Williams Jesse
Bought by
Barrera Daniella
Seller's Agent
Nancy Robinson
Real Broker Berkley
Buyer's Agent
Debby Consiglio
Berkshire Hathaway HomeServices Kee Realty
List Price
$200,000
Sold Price
$194,750
Premium/Discount to List
-$5,250
-2.62%
Views
91
Current Estimated Value
$230,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,077
Avg. Annual Appreciation
10.58%
Original Mortgage
$185,350
Outstanding Balance
$182,470
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$48,357

Purchase Details

Listed on
Sep 30, 2022
Closed on
Mar 7, 2023
Sold by
Tomkow Michael
Bought by
Williams Jesse
Seller's Agent
Anna O'Malley
3DX Real Estate LLC
Buyer's Agent
Nancy Robinson
Real Broker Berkley
List Price
$219,000
Sold Price
$182,000
Premium/Discount to List
-$37,000
-16.89%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%
Original Mortgage
$182,000
Interest Rate
6.12%
Mortgage Type
VA

Purchase Details

Closed on
Dec 23, 2002
Sold by
Secretary Of Veterans Affairs
Bought by
Tomkow Michael
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
Barrera Daniella $194,750 Title One
Williams Jesse $182,000 Paramount Title
Williams Jesse $182,000 Paramount Title
Tomkow Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrera Daniella $185,350
Closed Barrera Daniella $10,000
Previous Owner Williams Jesse $182,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $194,750 0.0% $190 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/06/2023 10/06/23 Price Changed $194,750 -2.6% $190 / Sq Ft
09/06/2023 09/06/23 For Sale $200,000 +9.9% $195 / Sq Ft
03/08/2023 03/08/23 Sold $182,000 +1.7% $178 / Sq Ft
02/11/2023 02/11/23 Pending -- -- --
01/31/2023 01/31/23 Price Changed $179,000 -10.1% $175 / Sq Ft
12/27/2022 12/27/22 Price Changed $199,000 -9.1% $194 / Sq Ft
09/30/2022 09/30/22 For Sale $219,000 -- $214 / 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 $5,269 $105,200 $0 $0
2023 $1,862 $95,310 $0 $0
2022 $2,455 $87,690 $0 $0
2021 $2,447 $79,550 $0 $0
2020 $2,345 $67,070 $0 $0
2019 $2,361 $56,140 $0 $0
2018 $2,355 $49,030 $0 $0
2017 $2,320 $45,060 $0 $0
2016 $2,290 $38,450 $0 $0
2015 -- $33,330 $0 $0
2014 -- $28,840 $0 $0
2011 -- $44,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230070969

Realcomp

APN: 25-34-404-015