NOT LISTED FOR SALE

256 University St Ferndale, MI 48220

Estimated Value: $256,000 - $283,000

3 Beds
2 Baths
1,296 Sq Ft
$209/Sq Ft Est. Value

Last Sold February 26, 2024

Last sale price $245,000 $189 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,707/month

21 Days on Market

Highlights

  • Patio
  • Forced Air Heating and Cooling System
  • 3-minute walk to Wilson Park
  • Bungalow
  • 2 Car Garage

About This Home

As of February 2024

Beautiful multifamily home in Ferndale features a move-in ready upper and lower unit, large enclosed front porch, and tons of charming details. Spacious lower unit with hardwood floors, coved ceilings, and arched passageways. Entry living room and dining area. Roomy kitchen with tile floors and exposed brick. Cozy wood panel breakfast nook with access to the backyard. Two entry level bedrooms share a tile bath down the hallway. Smaller upper unit with a one bedroom. Bright second floor kitchen and living room. Shared basement with laundry and extra room for storage. Partially fenced backyard with a detached two car garage and shared driveway. Fantastic location, close to downtown Ferndale shops and restaurants. Welcome Home!

Last Agent to Sell the Property

Jim Shaffer

Good Company License #6502380733 Listed on: 12/18/2023

Good Company

Last Buyer's Agent

Danny Dedic

EXP Realty Main License #6501413713

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x134

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,296 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

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

Community Details

  • 2 Units
  • The Little Farms Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534254023
  • $5,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,011

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: 309.00
  • Year Built: 1926
  • State Equalized Value: 108190.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1296
  • Total Sq Ft: 1296
  • Sq Ft Total Bsmt: 782

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 33
  • Porch Type: Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 33X134
  • Parcel Number: 2534254023
  • Zoning: Multi-Family

Tax Info

  • Tax Amount Summer: 2944.0000
  • Tax Amount Winter: 67.0000
  • Total Tax: 3011.0000
  • Taxable Value: 39040.0000

Multi Family

  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2023
Closed on
Feb 23, 2024
Sold by
Stichler Daniel L
Bought by
Allen Otis
Seller's Agent
Jim Shaffer
Good Company
Buyer's Agent
Danny Dedic
EXP Realty Main
List Price
$260,000
Sold Price
$245,000
Premium/Discount to List
-$15,000
-5.77%
Total Days on Market
21
Views
372
Current Estimated Value
$270,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,636
Avg. Annual Appreciation
8.02%
Original Mortgage
$232,750
Outstanding Balance
$230,024
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$40,612

Purchase Details

Closed on
Nov 11, 1996
Sold by
Desmet Daniel J
Bought by
Desmet James A
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
Allen Otis $245,000 None Listed On Document
Allen Otis $245,000 None Listed On Document
Desmet James A $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Otis $232,750
Closed Allen Otis $232,750
Previous Owner Stichler Daniel L $107,600
Previous Owner Stichler Daniel L $101,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2024 02/26/24 Sold $245,000 -5.8% $189 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
12/18/2023 12/18/23 For Sale $260,000 -- $201 / 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 $2,313 $111,830 $0 $0
2023 $2,944 $108,190 $0 $0
2022 $2,910 $100,710 $0 $0
2021 $2,901 $93,470 $0 $0
2020 $2,783 $89,900 $0 $0
2019 $2,801 $80,740 $0 $0
2018 $2,792 $68,490 $0 $0
2017 $2,751 $66,750 $0 $0
2016 $2,718 $54,370 $0 $0
2015 -- $46,210 $0 $0
2014 -- $38,880 $0 $0
2011 -- $38,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Shaffer

    Seller's Agent in 2024

    Jim Shaffer

    Good Company

    (248) 834-3030

    468 in this area

    3,751 Total Sales

    Jim Shaffer
    Section Image
  • Danny Dedic

    Buyer's Agent in 2024

    Danny Dedic

    EXP Realty Main

    (586) 855-6672

    8 in this area

    198 Total Sales

    Danny Dedic
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230104572

Realcomp

APN: 25-34-254-023

Michigan Oakland County Ferndale 48220

256 University St, Ferndale, MI

This home is located at 256 University St, Ferndale, MI 48220 since 18 December 2023 and is currently estimated at $270,636, approximately $208 per square foot. This property was built in 1926. 256 University 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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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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