NOT LISTED FOR SALE

278 W Webster St Ferndale, MI 48220

Estimated Value: $302,000 - $345,125

4 Beds
1 Bath
1,862 Sq Ft
$176/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $215,600 $116 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,337/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Enclosed Patio or Porch
  • Ceiling Fan

About This Home

As of December 2020

Great opportunity to own in desirable Ferndale. This home offers the flexibility of splitting the home into two rental units, living in one half and renting the other, or use as a single-family home. Similar layout on the first and second floor. Large entry foyer with access to the upper level. Bright entry level living room with hardwood floors, coved ceilings, and a cozy natural fireplace. French doors lead to the screened front porch. Large passageway leads to the formal dining room. Kitchen with tile backsplash and plenty of cabinet and counter space. Two nice sized bedrooms share a full bath on both the entry and upper levels. Upper unit is carpeted and features dark wood cabinets in the kitchen. Balcony off one of the upper bedrooms. Roomy basement with laundry and plenty of space for storage. Nice backyard with extra parking and storage shed. Conveniently located within walking distance to local parks and downtown Ferndale. Welcome Home!

Last Agent to Sell the Property

Jim Shaffer

Good Company License #6502380733 Listed on: 11/27/2020

Good Company

Last Buyer's Agent

Michael Helfant

Keller Williams Somerset License #6501430389

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00x122.00

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1 Full Bathroom
  • 1,862 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2534452042

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,022

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 288
  • Year Built: 1929
  • State Equalized Value: 109920.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1862
  • Total Sq Ft: 1862
  • Sq Ft Total Bsmt: 1012

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Outside Lighting
  • Foundation Materials: Block, Brick
  • Frontage Feet: 35
  • Porch Type: Porch - Covered, Porch - Enclosed
  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Radiant
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 1999000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00X122.00
  • Parcel Number: 2534452042
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Tax Info

  • Tax Amount Summer: 2935.0000
  • Tax Amount Winter: 87.0000
  • Total Tax: 3022.0000
  • Taxable Value: 50840.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2020
Closed on
Dec 31, 2020
Sold by
Capaldi Thomas E and Capaldi Esther P
Bought by
Sochocki Craig E
Seller's Agent
Jim Shaffer
Good Company
Buyer's Agent
Michael Helfant
Keller Williams Somerset
List Price
$199,900
Sold Price
$215,600
Premium/Discount to List
$15,700
7.85%
Current Estimated Value
$327,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,681
Avg. Annual Appreciation
9.33%
Original Mortgage
$209,132
Outstanding Balance
$187,078
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$140,203

Purchase Details

Closed on
May 1, 2017
Sold by
Capaldi Thomas E and Capaldi Esther P
Bought by
Capaldi Thomas E and Capaldi Esther P
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sochocki Craig E $215,600 Parks Title
Capaldi Thomas E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sochocki Craig E $209,132
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $215,600 +7.9% $116 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
11/27/2020 11/27/20 For Sale $199,900 -- $107 / 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 $6,800 $153,400 $0 $0
2023 $6,607 $137,380 $0 $0
2022 $6,644 $124,990 $0 $0
2021 $6,424 $112,950 $0 $0
2020 $2,935 $109,920 $0 $0
2019 $2,979 $100,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Shaffer

    Seller's Agent in 2020

    Jim Shaffer

    Good Company

    (248) 219-3782

    464 in this area

    3,752 Total Sales

    Jim Shaffer
    Section Image
  • Michael Helfant

    Buyer's Agent in 2020

    Michael Helfant

    Keller Williams Somerset

    (248) 649-7200

    1 in this area

    113 Total Sales

    Michael Helfant
    Section Image
  • Joe Hammel

    Buyer Co-Listing Agent in 2020

    Joe Hammel

    Keller Williams Somerset

    (330) 844-5209

    15 in this area

    1,015 Total Sales

    Joe Hammel
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2200093768

Realcomp

APN: 25-34-452-042

Michigan Oakland County Ferndale 48220

278 W Webster St, Ferndale, MI

This home is located at 278 W Webster St, Ferndale, MI 48220 since 27 November 2020 and is currently estimated at $327,281, approximately $175 per square foot. This property was built in 1929. 278 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes