NOT LISTED FOR SALE

314 University St Ferndale, MI 48220

Estimated Value: $270,000 - $292,000

2 Beds
2 Baths
1,200 Sq Ft
$234/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $265,000 $221 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,135/month

7 Days on Market

Highlights

  • Craftsman Architecture
  • Forced Air Zoned Heating and Cooling System
  • Laundry Facilities
  • Porch
  • Garage
  • 3-minute walk to Wilson Park

About This Home

As of July 2022

** HIGHEST & BEST OFFER DEADLINE = 10AM EST TUESDAY 7/12 ** GREAT INVESTMENT OPPORTUNITY WITHIN WALKING DISTANCE TO DOWNTOWN FERNDALE. CURRENTLY TWO FLATS BUT COULD ALSO BE CONVERTED TO A SINGLE FAMILY HOME. SO MANY UPDATES BOTH COSMETIC & MECHANICAL! CHIC "LOFT" FEEL. CURRENTLY OWNER OCCUPIED. NEWER CARPET. FRESH PAINT. 1st FLOOR FLAT HAS RENOVATED KITCHEN W/ STAINLESS STEEL APPLIANCES AND CUSTOM TILE BACKSPLASH. NEW/UPDATED BATHS. NEWER WINDOWS. VINYL SIDING. 2 CAR GARAGE. BASEMENT OFFERS STORAGE & LAUNDRY AREA. READY TO MOVE INTO (LIVE IN ONE FLAT & RENT THE OTHER!) OR READY TO GENERATE RENTAL INCOME - MANY POSSIBILITIES! CHECK-OUT THE FLOORPLAN TOUR.

Last Agent to Sell the Property

Andrea Carollo

Max Broock, REALTORS®-Birmingham License #6501315679 Listed on: 07/05/2022

Max Broock, REALTORS®-Birmingham

Last Buyer's Agent

Andrea Carollo

Max Broock, REALTORS®-Birmingham License #6501315679 Listed on: 07/05/2022

Max Broock, REALTORS®-Birmingham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 35x145

Home Design

  • Duplex
  • Craftsman Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,200 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • Garage
  • On-Street Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2534277002

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,142

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Craftsman
  • Architecture Level: 2 Story
  • Year Built: 1923
  • State Equalized Value: 84490.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Circuit Breakers, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1200
  • Total Sq Ft: 1200
  • Sq Ft Total Bsmt: 593

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air, Zoned
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 35X145
  • Parcel Number: 2534277002
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Tax Info

  • Tax Amount Summer: 2080.5500
  • Tax Amount Winter: 62.5900
  • Total Tax: 2142.0000
  • Taxable Value: 34110.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2022
Closed on
Jul 29, 2022
Sold by
Joseph Babic
Bought by
Hoppe David
Seller's Agent
Andrea Carollo
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Andrea Carollo
Max Broock, REALTORS®-Birmingham
List Price
$249,900
Sold Price
$265,000
Premium/Discount to List
$15,100
6.04%
Current Estimated Value
$281,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,293
Avg. Annual Appreciation
1.50%

Purchase Details

Closed on
Mar 31, 2005
Sold by
Express Realty Inc
Bought by
Babic Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,800
Interest Rate
5.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 30, 2004
Sold by
Schmitz Patricia A
Bought by
Express Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.17%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Hoppe David $265,000 None Listed On Document
Babic Joseph $119,000 Metropolitan Title Company
Express Realty Inc -- Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Babic Joseph $168,000
Previous Owner Babic Joseph $38,500
Previous Owner Babic Joseph $23,800
Previous Owner Babic Joseph $95,200
Previous Owner Express Realty Inc $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $265,000 +6.0% $221 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $249,900 -- $208 / 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 $7,238 $103,960 $0 $0
2023 $7,073 $100,210 $0 $0
2022 $2,131 $92,480 $0 $0
2021 $2,143 $84,490 $0 $0
2020 $2,039 $80,660 $0 $0
2019 $2,068 $72,160 $0 $0
2018 $2,073 $63,280 $0 $0
2017 $2,047 $61,550 $0 $0
2016 $1,960 $49,020 $0 $0
2015 -- $41,690 $0 $0
2014 -- $35,210 $0 $0
2011 -- $36,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrea Carollo

    Seller's Agent in 2022

    Andrea Carollo

    Max Broock, REALTORS®-Birmingham

    (248) 330-3401

    9 in this area

    191 Total Sales

    Andrea Carollo
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Map

Source: Realcomp

MLS Number: 20221014460

Realcomp

APN: 25-34-277-002

Michigan Oakland County Ferndale 48220

314 University St, Ferndale, MI

This home is located at 314 University St, Ferndale, MI 48220 since 05 July 2022 and is currently estimated at $281,293, approximately $234 per square foot. This property was built in 1923. 314 University St is a home located in Oakland County with nearby schools including Ferndale Lower Elementary Campus, Ferndale Upper Elementary Campus, and Ferndale Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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