NOT LISTED FOR SALE

307 E Webster St Ferndale, MI 48220

Estimated Value: $345,620 - $387,000

4 Beds
2 Baths
1,748 Sq Ft
$212/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $343,000 $196 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,830/month

51 Days on Market

About This Home

As of August 2022

Great Investment. Turn-key, brick duplex in Ferndale. Two 2 BDR/1BTH. Separately metered. Newer furnaces and hot water heaters. New water service line. Plenty of parking. 2 sets of washer and dryers. Hardwood throughout. Easy to rent. Great yard. Entry level is vacant and available for showing. No Upper Flat showings until an approved contract and pre-approval letter. Tenants split water and snow 50/50. No sub-agency offerred.

Last Agent to Sell the Property

Luke Johnson

EXP Realty Main License #6501257132 Listed on: 06/09/2022

EXP Realty Main

Last Buyer's Agent

James Orr

RE/MAX First License #6501360148

RE/MAX First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 40x159

Parking

  • 5 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,748 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2534476043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,330

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1927
  • State Equalized Value: 119000.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1748

Exterior Features

  • Roof Material: Composition
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 5

Utilities

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

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 40x159
  • Parcel Number: 2534476043
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 70000.00
  • Rent Includes: Water
  • Monthly Rental Income: 1300

Tax Info

  • Tax Amount Summer: 4220.0000
  • Tax Amount Winter: 110.0000
  • Total Tax: 4330.0000
  • Taxable Value: 61000.0000

Multi Family

  • Gross Scheduled Income: 15600.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Aug 30, 2022
Sold by
Alden Company Llc
Bought by
Krieger Jason P and Klatt Jeffrey G
Seller's Agent
Luke Johnson
EXP Realty Main
Buyer's Agent
James Orr
RE/MAX First
List Price
$350,000
Sold Price
$343,000
Premium/Discount to List
-$7,000
-2%
Views
1
Current Estimated Value
$374,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,589
Avg. Annual Appreciation
2.38%
Original Mortgage
$240,000
Outstanding Balance
$228,420
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$142,485

Purchase Details

Listed on
Sep 22, 2013
Closed on
Sep 23, 2013
Sold by
Longe Bruce P and Longe Susan H
Bought by
Alden Company Llc
Seller's Agent
Roy Wilson
Remerica United Realty
Buyer's Agent
Roy Wilson
Remerica United Realty
List Price
$114,900
Sold Price
$89,750
Premium/Discount to List
-$25,150
-21.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.18%
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
Krieger Jason P $343,000 Parks Title
Krieger Jason P $343,000 Parks Title
Alden Company Llc $89,750 Fat
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krieger Jason P $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2022 08/30/22 Sold $343,000 0.0% $196 / Sq Ft
08/10/2022 08/10/22 Off Market $343,000 -- --
07/30/2022 07/30/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $350,000 0.0% $200 / Sq Ft
06/21/2022 06/21/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $350,000 +290.0% $200 / Sq Ft
09/23/2013 09/23/13 Sold $89,750 -21.9% $49 / Sq Ft View Prior Sale
09/23/2013 09/23/13 Pending -- -- --
09/22/2013 09/22/13 For Sale $114,900 -- $62 / 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 $10,404 $156,990 $0 $0
2024 $10,094 $153,090 $0 $0
2023 $9,758 $139,990 $0 $0
2022 $4,680 $127,280 $0 $0
2021 $4,664 $118,900 $0 $0
2020 $4,468 $112,290 $0 $0
2019 $4,500 $98,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Luke Johnson

    Seller's Agent in 2022

    Luke Johnson

    EXP Realty Main

    (248) 417-0630

    10 in this area

    123 Total Sales

    Luke Johnson
    Section Image
  • James Orr

    Buyer's Agent in 2022

    James Orr

    RE/MAX of Southeast Michigan

    (248) 379-8902

    7 in this area

    142 Total Sales

    James Orr
    Section Image
  • Roy Wilson

    Seller's Agent in 2013

    Roy Wilson

    Remerica United Realty

    (317) 409-5857

    1 in this area

    51 Total Sales

    Roy Wilson
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20221001684

Realcomp

APN: 25-34-476-043

Michigan Oakland County Ferndale 48220

307 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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