NOT LISTED FOR SALE

351 Edgewood Place Ferndale, MI 48220

Estimated Value: $303,000 - $366,000

5 Beds
3 Baths
1,972 Sq Ft
$167/Sq Ft Est. Value

Sale Details

Date Sold: September 7, 2021

Last sale price $296,000 $150 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,373 / mo

2 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of September 2021

12 Hour notice to show- First floor unit is tenant occupied and will only be available to show with an accepted offer. Owner lives in the second floor unit. Duplex offers tons of potential. Separate units 2 Bed 1 Bath and the second floor unit has the third floor to make it a 3 Bed 2 Bath Unit with own utilities. Basement has washer and dryer and room for storage. Both units have been updated and ready for their next owner. Sellers will need some occupancy post close. Parking is located on the street and driveway/behind the house as space.

Last Agent to Sell the Property

Matthew Stansky

Good Company License #6501327649 Listed on: 07/19/2021

Good Company

Co-Listed By

Elizabeth Primeau

@properties Christie's Int'l R.E. Royal Oak License #6501399455

Last Buyer's Agent

Holly Vaughn

Real Estate One License #6501379968

Real Estate One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925 | Remodeled in 2020

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00x121.00

Home Design

  • Block Foundation
  • Asphalt Roof
  • Cedar
  • Vinyl Construction Material

Interior Spaces

  • 3 Full Bathrooms
  • 1,972 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2534451007
  • $1,500 Seller Concession

Community Details

Overview

  • 2 Units
  • Adolph Sloman's Woodward Blvd Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,234

Year Built

Built in 1925 | Remodeled in 2020

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 3 Story
  • Year Built: 1925
  • State Equalized Value: 97120.0000
  • Year Renovated: 2020
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1972

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Cedar, Vinyl
  • Exclusions: Yes
  • Foundation Materials: Block
  • Porch Type: Porch
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street, Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00X121.00
  • Parcel Number: 2534451007
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Snow Removal, Trash Collection (Garbage Pickup), Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1000

Tax Info

  • Tax Amount Summer: 6081.0000
  • Tax Amount Winter: 153.0000
  • Total Tax: 6234.0000
  • Taxable Value: 82470.0000

Multi Family

  • Gross Scheduled Income: 12000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Sep 7, 2021
Sold by
Kuhn Thomas Christian and Thibeault Sophia Renae
Bought by
Perez Rodriguez Sharlene Vanessa
Seller's Agent
Matthew Stansky
Good Company
Buyer's Agent
Holly Vaughn
Real Estate One
List Price
$285,000
Sold Price
$296,000
Premium/Discount to List
$11,000
3.86%
Current Estimated Value
$328,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,910
Avg. Annual Appreciation
2.29%
Original Mortgage
$290,638
Outstanding Balance
$262,142
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$66,768

Purchase Details

Closed on
Feb 7, 2006
Sold by
Haran Matthew and Zimmerman Jennifer
Bought by
Callaghan Dennis W and Callaghan Georgia T

Purchase Details

Closed on
Feb 16, 1999
Sold by
Moore William J
Bought by
Mulattieri Mark

Purchase Details

Closed on
Nov 13, 1997
Sold by
Moore William J
Bought by
Moore William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,750
Interest Rate
7.24%

Purchase Details

Closed on
Jun 11, 1996
Sold by
Beard Willis C
Bought by
Moore William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
8.29%
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
Perez Rodriguez Sharlene Vanessa $296,000 Liberty Title
Perez Rodriguez Sharlene Vanessa $296,000 Liberty Title
Callaghan Dennis W $178,000 Title One Inc
Mulattieri Mark $100,500 --
Moore William J -- --
Moore William J $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Rodriguez Sharlene Vanessa $290,638
Closed Perez Rodriguez Sharlene Vanessa $290,638
Previous Owner Moore William J $72,750
Previous Owner Moore William J $49,500
Closed Mulattieri Mark --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2021 09/07/21 Sold $296,000 +3.9% $150 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $285,000 +111.1% $145 / Sq Ft
02/21/2017 02/21/17 Sold $135,000 -18.2% $68 / Sq Ft View Prior Sale
01/21/2017 01/21/17 Pending -- -- --
10/25/2016 10/25/16 For Sale $165,000 0.0% $84 / Sq Ft
01/19/2015 01/19/15 Rented $775 0.0% --
01/17/2015 01/17/15 Under Contract -- -- --
01/05/2015 01/05/15 For Rent $775 +3.3% --
10/17/2013 10/17/13 Rented $750 0.0% --
10/14/2013 10/14/13 Under Contract -- -- --
10/07/2013 10/07/13 For Rent $750 -3.2% --
06/08/2013 06/08/13 Rented $775 0.0% --
06/07/2013 06/07/13 Under Contract -- -- --
05/31/2013 05/31/13 For Rent $775 +3.3% --
09/15/2012 09/15/12 Rented $750 0.0% --
08/16/2012 08/16/12 Under Contract -- -- --
07/06/2012 07/06/12 For Rent $750 -- --
Source: Realcomp

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 $7,548 $132,420 $0 $0
2024 $7,300 $126,830 $0 $0
2023 $7,065 $115,750 $0 $0
2022 $7,060 $104,430 $0 $0
2021 $6,352 $99,050 $0 $0
2020 $6,081 $97,120 $0 $0
2019 $6,125 $90,300 $0 $0
2018 $6,307 $79,050 $0 $0
2017 $3,294 $70,830 $0 $0
2016 $3,255 $59,060 $0 $0
2015 -- $48,770 $0 $0
2014 -- $41,490 $0 $0
2011 -- $40,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210057081

Realcomp

APN: 25-34-451-007

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