$219,000
SOLD JAN 17, 2025

3131 Grayson St Ferndale, MI 48220

2 Beds
1 Bath
792 Sq Ft
0.32 Acres

Recently Sold

$277 Per Sq Ft

12% Below List Price

146 Days on Market

Highlights

  • 0.32 Acre Lot
  • Porch
  • Bungalow
  • No HOA
  • 2.5 Car Attached Garage
  • 2-minute walk to Harding Park

About This Home

As of January 2025

**Investor/Developer Alert** Investor/Developer OR family-oriented home, sitting on 3 lots in the heart of Ferndale!! One of the largest and most ideally situated properties in Ferndale, this unique find offers an array of opportunities. Investors/Developers can keep the house and split the lots, or start from scratch and build on all 3! Also perfectly suited for family life as is. Large 3 car attached garage (connected with breezeway), backing up to beautiful Harding Park. Large fenced in yard, waiting for kids or pets alike. Easy access to major highways (I75 and 696). Short walking or biking distance to downtown Ferndale and Royal Oak. New roof (2023) and H2O heater (2022). Windows approximately 10 years old. Reliant baseboard heating. City scheduled to replace water line to house in near future. See it now, you won’t find another gem in Ferndale like this!

Last Agent to Sell the Property

Andrew Sussex

Castle Real Estate License #6502325701 Listed on: 08/23/2024

Last Buyer's Agent

john hawthorne

GoodHome Realty LLC License #6501419763

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1922 | Remodeled in 1985

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 120x115

Parking

  • 2.5 Car Attached Garage

Home Design

  • Bungalow
  • Asphalt Roof

Interior Spaces

  • 792 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Crawl Space

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Breezeway
  • Porch

Location

  • Ground Level

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Radiant Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2527226072

Community Details

Overview

  • No Home Owners Association
  • Campbell Heights Sub No 2 Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,511

Year Built

Built in 1922 | Remodeled in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Assessment: 183.00
  • Year Built: 1922
  • State Equalized Value: 129670.0000
  • Year Renovated: 1985
  • Entry Location: Ground Level w/Steps
  • AgentOnly_ListPriceByAcre: 749687.5000
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Fuses
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Disposal, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Washer
  • Total Sq Ft: 792

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl
  • Construction Materials: Aluminum
  • Construction Features: Platted Sub.
  • Porch Type: Porch, Breezeway
  • Road Frontage Type: Paved
  • Sideof Street: W

Garage/Parking

  • Garage Size: 2 Car, 2.5 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Baseboard, Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.32
  • Lot Dimensions: 120x115
  • Parcel Number: 2527226072

Tax Info

  • Tax Amount Summer: 2429.0000
  • Tax Amount Winter: 82.0000
  • Total Tax: 2511.0000
  • Taxable Value: 45550.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Jan 17, 2025
Sold by
Miller Jennifer
Bought by
Kbj Group Llc
Seller's Agent
Andrew Sussex
Castle Real Estate
Buyer's Agent
john hawthorne
GoodHome Realty LLC
List Price
$249,900
Sold Price
$219,000
Premium/Discount to List
-$30,900
-12.36%
Views
99
Current Estimated Value
$333,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,828
Avg. Annual Appreciation
61.45%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Type Sale Price Title Company
Warranty Deed $219,000 None Listed On Document
Warranty Deed $219,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2025 01/17/25 Sold $219,000 -8.7% $277 / Sq Ft
10/11/2024 10/11/24 Price Changed $239,900 -4.0% $303 / Sq Ft
08/23/2024 08/23/24 For Sale $249,900 -- $316 / 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 $2,503 $141,740 $0 $0
2023 $2,429 $129,670 $0 $0
2022 $2,439 $111,500 $0 $0
2021 $2,453 $98,290 $0 $0
2020 $2,327 $79,870 $0 $0
2019 $2,363 $69,620 $0 $0
2018 $2,372 $62,490 $0 $0
2017 $2,528 $60,430 $0 $0
2016 $2,310 $51,070 $0 $0
2015 -- $45,150 $0 $0
2014 -- $41,500 $0 $0
2011 -- $62,630 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240062940

Realcomp

APN: 25-27-226-072