NOT LISTED FOR SALE

300 E Troy St Ferndale, MI 48220

Estimated Value: $283,000 - $320,000

4 Beds
2 Baths
1,471 Sq Ft
$205/Sq Ft Est. Value

Last Sold August 29, 2017

Last sale price $202,500 $138 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,150/month

20 Days on Market

Highlights

  • Deck
  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Covered Patio or Porch

About This Home

As of August 2017

LOCATION, LOCATION, LOCATION. MULTI-FAMILY TURNKEY PROPERTY WITH UPPER AND LOWER UNITS. GREAT OPPORTUNITY PROPERTY. CLOSE TO DOWNTOWN FERNDALE. WALK TO RESTAURANTS AND SHOPS. BOTH UNITS HAVE 2 BR AND 1 BATH. LOWER LEVEL HAS HARDWOOD FLOORS AND HIGH CEILINGS WITH LAUNDRY IN BASEMENT. UPPER UNIT IS CARPETED WITH LAUNDRY IN UNIT. NEW VINYL SIDING (2016). NEWER DECKS OFF BOTH UNITS. BOTH UNITS TENANT OCCUPIED. EACH UNIT HAS SEPARATE FURNACES, GAS, ELECTRIC, AND CENTRAL AIR. SHARED WATER TO BE PAID BY OWNER. THIS IS A GREAT OPPORTUNITY.

Last Agent to Sell the Property

James Smith

Max Broock, REALTORS®-Birmingham License #6501399101 Listed on: 06/29/2017

Max Broock, REALTORS®-Birmingham

Last Buyer's Agent

Debra Drongowski

KW Professionals License #6501384880

KW Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1914 | Remodeled in 1987

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x108.9
  • Property fronts a private road

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,471 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • The Little Farms Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534202010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,736

Year Built

Built in 1914 | Remodeled in 1987

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1914
  • Year Renovated: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1471

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Porch Type: Deck, Porch - Covered
  • Road Frontage Type: Private, Pub. Sidewalk

Utilities

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

Lot Info

  • List Price per Acre: 1875000.0000
  • Lot Size Area: 0.12
  • Lot Dimensions: 50X108.9
  • Parcel Number: 2534202010
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1825

Tax Info

  • Tax Amount Summer: 2622.0000
  • Tax Amount Winter: 114.0000
  • Total Tax: 2736.0000

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2017
Closed on
Aug 29, 2017
Sold by
Dombrowski Brian
Bought by
Abi Samra Charbel
Seller's Agent
James Smith
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Debra Drongowski
KW Professionals
List Price
$225,000
Sold Price
$202,500
Premium/Discount to List
-$22,500
-10%
Current Estimated Value
$301,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,594
Avg. Annual Appreciation
4.86%

Purchase Details

Closed on
Mar 16, 2005
Sold by
Arnold Paul R and Arnold Judith M R
Bought by
Dombrowski Brian

Purchase Details

Closed on
Mar 10, 1998
Sold by
W M W Associates
Bought by
Arnold Paul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,450
Interest Rate
7.15%

Purchase Details

Closed on
Nov 29, 1994
Sold by
Moross Mary J
Bought by
Schwartz Jack I and Schwartz Brian B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,550
Interest Rate
9.06%
Mortgage Type
New Conventional
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
Abi Samra Charbel $202,500 Devon Title Agency
Dombrowski Brian $165,000 Metropolitan Title Company
Arnold Paul R $91,000 --
Schwartz Jack I $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arnold Paul R $86,450
Previous Owner Schwartz Jack I $61,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2017 08/29/17 Sold $202,500 0.0% $138 / Sq Ft
08/08/2017 08/08/17 Off Market $202,500 -- --
07/19/2017 07/19/17 Pending -- -- --
06/29/2017 06/29/17 For Sale $225,000 -- $153 / 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 $6,938 $131,240 $0 $0
2024 $6,734 $131,570 $0 $0
2023 $6,504 $123,000 $0 $0
2022 $6,447 $127,910 $0 $0
2021 $6,425 $113,490 $0 $0
2020 $6,151 $111,170 $0 $0
2019 $6,196 $95,970 $0 $0
2018 $6,377 $80,000 $0 $0
2017 $3,086 $64,280 $0 $0
2016 $3,030 $53,290 $0 $0
2015 -- $46,460 $0 $0
2014 -- $40,700 $0 $0
2011 -- $42,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Smith

    Max Broock, REALTORS®-Birmingham

    (248) 891-2931

    1 in this area

    32 Total Sales

    James Smith
    Section Image
  • Debra Drongowski

    Buyer's Agent in 2017

    Debra Drongowski

    KW Professionals

    (313) 995-2084

    10 Total Sales

    Debra Drongowski
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 217056037

Realcomp

APN: 25-34-202-010

Michigan Oakland County Ferndale 48220

300 E Troy 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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