$130,000
SOLD AUG 19, 2024

306 Silman St Ferndale, MI 48220

2 Beds
1 Bath
696 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$187 Per Sq Ft

28% Below List Price

77 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Forced Air Heating System
  • 2 Car Detached Garage

About This Home

As of August 2024

A move in ready home in Ferndale, for under 200k?! This gem features 2 bedrooms, 1 bathroom, and a 2-car garage. But wait, there's more - a super cool walkable attic space with stairs, just waiting for your creative touch. Imagine turning it into a cozy third bedroom, home office, or epic hangout spot. With original hardwood floors and plenty of built in shelving, this house tons of charm!Located in the heart of Ferndale, you'll be just minutes away from all the best shops, restaurants, and parks the area has to offer. Trust me, this one won't last long.

Last Agent to Sell the Property

Eric Martin

Max Broock, REALTORS®-Birmingham License #6501427799 Listed on: 04/19/2024

Max Broock, REALTORS®-Birmingham

Last Buyer's Agent

Eric Martin

Max Broock, REALTORS®-Birmingham License #6501427799 Listed on: 04/19/2024

Max Broock, REALTORS®-Birmingham

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40 x 126

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Asphalt Roof
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 696 Sq Ft Home
  • 1.5-Story Property
  • Free-Standing Electric Oven
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Stormfeltz Lovely Co Woodward Ave Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 242534429012

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,508

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1929
  • State Equalized Value: 75020.0000
  • Year Renovated: 1929
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 3
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Kitchen Appliances: Dryer, Free-Standing Electric Oven, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 696
  • Total Sq Ft: 696
  • Sq Ft Total Bsmt: 330

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Stone, Vinyl
  • Frontage Feet: 40
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40 x 126
  • Parcel Number: 242534429012

Tax Info

  • Tax Amount Summer: 2156.0000
  • Tax Amount Winter: 352.0000
  • Total Tax: 2508.0000
  • Taxable Value: 83640.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Aug 19, 2024
Sold by
Mcclain Llc
Bought by
Dash Group Llc
Seller's Agent
Eric Martin
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Eric Martin
Max Broock, REALTORS®-Birmingham
List Price
$180,000
Sold Price
$130,000
Premium/Discount to List
-$50,000
-27.78%
Views
169
Current Estimated Value
$163,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,609
Avg. Annual Appreciation
31.02%
Original Mortgage
$174,200
Outstanding Balance
$173,161
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$4,210

Purchase Details

Closed on
Jan 5, 2011
Sold by
Fecko Ann
Bought by
Mcclain L L C
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $130,000 Capital Title
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $174,200 New Conventional
Previous Owner $25,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2024 08/19/24 Sold $130,000 -16.1% $187 / Sq Ft
07/06/2024 07/06/24 Pending -- -- --
06/21/2024 06/21/24 Price Changed $155,000 -6.1% $223 / Sq Ft
06/10/2024 06/10/24 Price Changed $165,000 -2.9% $237 / Sq Ft
05/31/2024 05/31/24 Price Changed $170,000 -2.9% $244 / Sq Ft
05/15/2024 05/15/24 Price Changed $175,000 -2.8% $251 / Sq Ft
04/19/2024 04/19/24 For Sale $180,000 -- $259 / 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 $2,313 $90,300 $0 $0
2023 $2,231 $83,640 $0 $0
2022 $2,508 $75,020 $0 $0
2021 $2,201 $68,460 $0 $0
2020 $2,109 $60,330 $0 $0
2019 $2,124 $54,310 $0 $0
2018 $2,118 $43,970 $0 $0
2017 $2,088 $42,070 $0 $0
2016 $2,058 $39,190 $0 $0
2015 -- $33,950 $0 $0
2014 -- $29,700 $0 $0
2011 -- $35,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240023068

Realcomp

APN: 25-34-429-012