NOT LISTED FOR SALE

278 W Webster St Ferndale, MI 48220

Ferndale Area

Estimated Value: $313,000 - $342,925

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

Sale Details

Date Sold: December 31, 2020

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

Est. 52% increase in value since last sale

Current estimated payment $2,363 / mo

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
  • Exterior Lighting

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

4,356 Sq Ft Lot

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
  • Total Sq Ft: 1862

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Outside Lighting
  • Foundation Materials: Block, Brick
  • 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

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

MLS Schools

  • School District: Ferndale

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2020
Closed on
Dec 31, 2020
Sold by
Bought by
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
$328,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,631
Avg. Annual Appreciation
7.84%
Original Mortgage
$209,132
Interest Rate
0.0271%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2017
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$215,600 Parks Title
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $6,887 $162,460 $0 $0
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) 834-3030

    3,591 Total Sales

    Jim Shaffer
    Section Image
  • Michael Helfant

    Buyer's Agent in 2020

    Michael Helfant

    Keller Williams Somerset

    (314) 239-7713

    128 Total Sales

    Michael Helfant
    Section Image
  • Joe Hammel

    Buyer Co-Listing Agent in 2020

    Joe Hammel

    Keller Williams Somerset

    (248) 422-1685

    1,207 Total Sales

    Joe Hammel
    Section Image
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Map

Source: Realcomp

MLS Number: 2200093768

Realcomp

APN: 25-34-452-042

Michigan Oakland County Ferndale 48220

278 W Webster St, Ferndale, MI

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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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