NOT LISTED FOR SALE

264 E Woodland St Ferndale, MI 48220

Estimated Value: $419,868 - $509,000

3 Beds
2 Baths
1,751 Sq Ft
$266/Sq Ft Est. Value

Last Sold November 14, 2019

Last sale price $220,000 $126 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $3,114/month

132 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Forced Air Heating System
  • Fenced
  • Lobby

About This Home

As of November 2019

Huge Price reduction! Attention Investors: Amazing duplex in the heart of downtown Ferndale. Both units are currently leased - 2 bedroom for $1200 and 1 bedroom for $950. Property is licensed with the city of Ferndale and has been managed by The Home Store in Ferndale for several years. Common entrance through enclosed front porch and separate rear entrances on both units. Common basement. Shed in rear yard. Updated kitchens and baths in both units. Hardwood floors in both units. Tenants pay all utilities with fixed monthly fees for water and gas, and electric in their own names. Could be converted back to single family very easily. Subject to tenant's rights. Tenant occupied. 48 hr notice to show.

Last Agent to Sell the Property

Patti Martini

The Home Store Inc. License #6501289487 Listed on: 06/11/2019

Last Buyer's Agent

Lisa Bradford

Real Estate One-Troy License #RCO-6501325055

Real Estate One-Troy

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x129
  • Property fronts a private road
  • Fenced

Parking

  • On-Street Parking

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,751 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Enclosed Patio or Porch
  • Breezeway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 2527328024

Community Details

Overview

  • 2 Units
  • Woodward Heights Sub No 2 Ferndale Subdivision

Amenities

  • Lobby

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1922
  • State Equalized Value: 79690.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1851
  • Sq Ft Lower Floor: 100
  • Total Sq Ft: 1751
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Breezeway, Porch - Enclosed
  • Road Frontage Type: Private

Garage/Parking

  • MF Parking: On Street

Utilities

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

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 1999166.6667
  • Lot Size Area: 0.12
  • Lot Dimensions: 40X129
  • Parcel Number: 2527328024
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2170

Tax Info

  • Tax Amount Summer: 5629.0000
  • Tax Amount Winter: 131.0000
  • Total Tax: 5760.0000
  • Taxable Value: 74340.0000

Multi Family

  • Gross Scheduled Income: 26040.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2015
Sold by
Weinner Wienner S and Weinner Carolyn G
Bought by
Fischer Ronna L
Current Estimated Value
$464,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Outstanding Balance
$103,955
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$341,705

Purchase Details

Closed on
Dec 1, 2014
Sold by
Williams Jeffrey A and Williams Theresa M
Bought by
Wienner S Thomas and Wienner Carolyn G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 2, 2012
Closed on
Apr 6, 2012
Sold by
Chamberlain Larry
Bought by
Williams Jeffrey A
Seller's Agent
James Silver
Keller Williams Somerset
Buyer's Agent
James Silver
Keller Williams Somerset
Sold Price
$700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,921
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 2011
Sold by
Boram Joan
Bought by
Chamberlain Larry
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
Fischer Ronna L $289,500 Michigan Investment Title In
Wienner S Thomas $262,000 Stg
Williams Jeffrey A $82,000 Liberty Title
Williams Jeffrey A -- Liberty Title
Chamberlain Larry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fischer Ronna L $129,000
Previous Owner Wienner S Thomas $209,600
Previous Owner Williams Jeffrey A $117,012
Previous Owner Williams Jeffrey A $79,921
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2019 11/14/19 Sold $220,000 -8.3% $126 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
09/24/2019 09/24/19 For Sale $239,900 +9.0% $137 / Sq Ft
09/24/2019 09/24/19 Off Market $220,000 -- --
09/22/2019 09/22/19 Price Changed $239,900 -7.4% $137 / Sq Ft
07/31/2019 07/31/19 Price Changed $259,000 -7.2% $148 / Sq Ft
06/11/2019 06/11/19 For Sale $279,000 0.0% $159 / Sq Ft
02/07/2012 02/07/12 Rented $700 +17.6% --
02/07/2012 02/07/12 Under Contract -- -- --
02/03/2012 02/03/12 Rented $595 -14.4% --
02/02/2012 02/02/12 For Rent $695 +16.8% --
01/23/2012 01/23/12 Under Contract -- -- --
01/18/2012 01/18/12 For Rent $595 -- --
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 $6,961 $176,730 $0 $0
2023 $6,772 $164,130 $0 $0
2022 $6,819 $156,050 $0 $0
2021 $6,861 $150,710 $0 $0
2020 $6,495 $149,280 $0 $0
2019 $6,603 $140,810 $0 $0
2018 $6,630 $130,110 $0 $0
2017 $6,599 $124,810 $0 $0
2016 $6,476 $113,040 $0 $0
2015 -- $81,340 $0 $0
2014 -- $71,490 $0 $0
2011 -- $75,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patti Martini

    Seller's Agent in 2019

    Patti Martini

    The Home Store Inc.

    (248) 854-8156

    15 in this area

    118 Total Sales

    Patti Martini
    Section Image
  • Lisa Bradford

    Buyer's Agent in 2019

    Lisa Bradford

    Real Estate One-Troy

    (248) 225-4160

    2 in this area

    23 Total Sales

    Lisa Bradford
    Section Image
  • James Silver

    Seller's Agent in 2012

    James Silver

    Keller Williams Somerset

    (248) 417-9617

    12 in this area

    392 Total Sales

    James Silver
    Section Image
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Map

Source: Realcomp

MLS Number: 219054714

Realcomp

APN: 25-27-302-034

Michigan Oakland County Ferndale 48220

264 E Woodland St, Ferndale, MI

This home is located at 264 E Woodland St, Ferndale, MI 48220 since 11 June 2019 and is currently estimated at $464,967, approximately $265 per square foot. This property was built in 1922. 264 E Woodland St is a home located in Oakland County with nearby schools including Ferndale Lower Elementary Campus, Ferndale Upper Elementary Campus, and Ferndale Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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