NOT LISTED FOR SALE

283 E Webster St Ferndale, MI 48220

Estimated Value: $395,000 - $559,000

6 Beds
3.5 Baths
3,139 Sq Ft
$154/Sq Ft Est. Value

Last Sold December 06, 2013

Last sale price $127,000 $40 Per Sq Ft

Est. 280% increase in value since last sale

Current estimated payment $3,124/month

12 Days on Market

About This Home

As of December 2013

SAME OWNER FOR ALMOST 30 YRS. 3 UNIT. LONG TERM TENANTS. ALL TENANTS PAY OWN HEAT AND ELECTRIC. COIN OPERATED WASHER & DRYER. THIS IS A GREAT OPPORTUNITY. RENTS RANGE FROM 650-750 GARAGES. QUALIFIED BUYERS ONLY. APPT ONLY.

Last Agent to Sell the Property

Roy Wilson

Remerica United Realty License #6501093731 Listed on: 10/02/2013

Remerica United Realty

Last Buyer's Agent

Roy Wilson

Remerica United Realty License #6501093731 Listed on: 10/02/2013

Remerica United Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x159

Home Design

  • Triplex
  • Stone Siding

Interior Spaces

  • 3,139 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Parking

  • Garage
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units
  • Woodward Homes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534476041

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 3 Story
  • Assessment: YES
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Cable Available, Smoke Alarm
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3139

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Stone
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages, On Street

Utilities

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

Lot Info

  • List Price per Acre: 749444.0000
  • Lot Size Area: 0.18
  • Lot Dimensions: 50X159
  • Parcel Number: 2534476041
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Homestead Percent: 0 Percent

Rental Info

  • Rent Includes: Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1950

Tax Info

  • Tax Amount Summer: 4646.0000
  • Tax Amount Winter: 96.0000
  • Total Tax: 4742.0000

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2013
Closed on
Dec 2, 2013
Sold by
Glabach Steven and Glabach Monica
Bought by
Gase Gerald R and Gase Ii Gerald R
Seller's Agent
Roy Wilson
Remerica United Realty
Buyer's Agent
Roy Wilson
Remerica United Realty
List Price
$134,900
Sold Price
$127,000
Premium/Discount to List
-$7,900
-5.86%
Current Estimated Value
$482,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,348
Avg. Annual Appreciation
11.71%
Original Mortgage
$95,250
Outstanding Balance
$70,341
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$412,007

Purchase Details

Closed on
Mar 12, 2007
Sold by
Glabach Steven and Glabach Monica
Bought by
Glabach Steven and Glabach Monica

Purchase Details

Closed on
Nov 22, 2006
Sold by
Glabach Steven and Glabach Monica
Bought by
Glabach Steven and Glabach Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 1997
Sold by
Glabach Steven
Bought by
Glabach Steven

Purchase Details

Closed on
May 20, 1996
Sold by
Glabach Steven
Bought by
Glabach Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,250
Interest Rate
8.29%
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

Date Buyer Sale Price Title Company
Gase Gerald R $127,000 None Available
Glabach Steven -- None Available
Glabach Steven -- None Available
Glabach Steven -- --
Glabach Steven -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gase Gerald R $95,250
Previous Owner Glabach Steven $115,000
Previous Owner Glabach Steven $68,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2013 12/06/13 Sold $127,000 -5.9% $40 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
10/02/2013 10/02/13 For Sale $134,900 -- $43 / 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
2025 $7,167 $229,660 $0 $0
2024 $6,962 $224,930 $0 $0
2023 $6,704 $204,760 $0 $0
2022 $7,157 $186,840 $0 $0
2021 $6,617 $176,080 $0 $0
2020 $6,338 $168,300 $0 $0
2019 $6,383 $147,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roy Wilson

    Seller's Agent in 2013

    Roy Wilson

    Remerica United Realty

    (317) 409-5857

    1 in this area

    51 Total Sales

    Roy Wilson
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Map

Source: Realcomp

MLS Number: 213101884

Realcomp

APN: 25-34-476-041

Michigan Oakland County Ferndale 48220

283 E Webster St, Ferndale, MI

Not Listed for Sale

MultiFamily

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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