NOT LISTED FOR SALE

264 W Webster St Ferndale, MI 48220

Estimated Value: $298,000 - $346,491

3 Beds
3 Baths
1,613 Sq Ft
$200/Sq Ft Est. Value

Last Sold September 05, 2017

Last sale price $193,500 $120 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,206/month

25 Days on Market

About This Home

As of September 2017

Rare opportunity in high demand area of Ferndale! Many options here to invest as income producing 2 family home or live in one and rent the other! Lower tenant moving out end of May 2017. Re-list for lease and watch the applications come pouring in, rentals do not last long here! Located on a beautiful street of well maintained homes, this one has character and charm throughout. Featuring beautiful hardwood flooring, fireplace, cove ceilings, enclosed front porch, 2 balconies, covered patio area for grilling off 2 car garage, walk out basement and tons of potential to add equity. Upper tenant leased since 2013 and currently on a month to month at $695. Hurry, won't last long!

Last Agent to Sell the Property

James Silver

Keller Williams Somerset License #6501302927 Listed on: 05/18/2017

Keller Williams Somerset

Last Buyer's Agent

Paul Simo

Berkshire Hathaway HomeServices Kee Realty License #6501237213

Berkshire Hathaway HomeServices Kee Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x122

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 3 Full Bathrooms
  • 1,613 Sq Ft Home
  • 2-Story Property
  • Walk-Out Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Adolph Sloman's Woodward Blvd Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534452044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,397

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Assessment: YES
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Walkout Access
  • Sq Ft Combined: 1613
  • Total Sq Ft: 1613
  • Sq Ft Total Bsmt: 1088

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces

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: 1999000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 35X122
  • Parcel Number: 2534452044
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 3345.0000
  • Tax Amount Winter: 52.0000
  • Total Tax: 3397.0000

Multi Family

  • Number Of Units Total: 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

Listed on
May 18, 2017
Closed on
Aug 31, 2017
Sold by
Warner Philip
Bought by
Brown Michael A
Seller's Agent
James Silver
Keller Williams Somerset
Buyer's Agent
Paul Simo
Berkshire Hathaway HomeServices Kee Realty
List Price
$199,900
Sold Price
$193,500
Premium/Discount to List
-$6,400
-3.2%
Current Estimated Value
$322,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,373
Avg. Annual Appreciation
5.50%
Original Mortgage
$152,800
Outstanding Balance
$86,695
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$210,165

Purchase Details

Listed on
Apr 13, 2012
Closed on
Mar 19, 2013
Sold by
Benyas Dean and Benjas Deborah
Bought by
Warner Philip
Seller's Agent
James Silver
Keller Williams Somerset
Buyer's Agent
James Silver
Keller Williams Somerset
List Price
$84,900
Sold Price
$62,000
Premium/Discount to List
-$22,900
-26.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.00%
Original Mortgage
$46,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2011
Sold by
Benyas Dean and Benyas Deborah
Bought by
Norris Group Consulting Inc

Purchase Details

Closed on
Jul 10, 2007
Sold by
Luoto Helen M and Luoto John M
Bought by
Benyas Dean and Benyas Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
8%
Mortgage Type
New Conventional
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
Brown Michael A $191,000 None Available
Warner Philip $62,000 None Available
Norris Group Consulting Inc $16,319 None Available
Benyas Dean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Michael A $152,800
Previous Owner Warner Philip $46,500
Previous Owner Benyas Dean $102,400
Previous Owner Benyas Dean $12,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2017 09/05/17 Sold $193,500 0.0% $120 / Sq Ft
08/08/2017 08/08/17 Off Market $193,500 -- --
06/12/2017 06/12/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $199,900 0.0% $124 / Sq Ft
08/21/2015 08/21/15 Rented $875 0.0% --
08/19/2015 08/19/15 Under Contract -- -- --
07/17/2015 07/17/15 For Rent $875 +10.1% --
07/25/2014 07/25/14 Rented $795 0.0% --
07/25/2014 07/25/14 Under Contract -- -- --
07/17/2014 07/17/14 For Rent $795 0.0% --
06/16/2014 06/16/14 Rented $795 0.0% --
06/16/2014 06/16/14 Under Contract -- -- --
06/12/2014 06/12/14 For Rent $795 0.0% --
11/25/2013 11/25/13 Rented $795 0.0% --
11/23/2013 11/23/13 Under Contract -- -- --
11/06/2013 11/06/13 For Rent $795 +14.4% --
09/11/2013 09/11/13 Rented $695 -6.7% --
09/10/2013 09/10/13 Under Contract -- -- --
07/31/2013 07/31/13 For Rent $745 0.0% --
03/19/2013 03/19/13 Sold $62,000 +7900.0% $38 / Sq Ft
02/17/2013 02/17/13 Pending -- -- --
11/26/2012 11/26/12 Rented $775 -2.5% --
11/25/2012 11/25/12 Under Contract -- -- --
11/01/2012 11/01/12 For Rent $795 0.0% --
04/13/2012 04/13/12 For Sale $84,900 -- $53 / 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 $5,397 $141,930 $0 $0
2023 $5,239 $129,260 $0 $0
2022 $5,265 $119,440 $0 $0
2021 $5,296 $114,290 $0 $0
2020 $5,020 $113,390 $0 $0
2019 $5,100 $106,030 $0 $0
2018 $5,118 $87,120 $0 $0
2017 $3,531 $74,310 $0 $0
2016 $3,490 $61,660 $0 $0
2015 -- $50,540 $0 $0
2014 -- $42,670 $0 $0
2011 -- $45,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Silver

    Seller's Agent in 2017

    James Silver

    Keller Williams Somerset

    (248) 417-9617

    12 in this area

    391 Total Sales

    James Silver
    Section Image

  • P

    Buyer's Agent in 2017

    Paul Simo

    Berkshire Hathaway HomeServices Kee Realty

    (586) 489-9751

    11 Total Sales

    Paul Simo
    Section Image

  • J

    Buyer's Agent in 2012

    John Meyer

    Temporary Inactive Users

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Map

Source: Realcomp

MLS Number: 217040690

Realcomp

APN: 25-34-452-044

Michigan Oakland County Ferndale 48220

264 W Webster St, Ferndale, MI

This home is located at 264 W Webster St, Ferndale, MI 48220 since 18 May 2017 and is currently estimated at $322,873, approximately $200 per square foot. This property was built in 1927. 264 W Webster 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.

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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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