Seller's Agent in 2025
Jolene Jacobs
Good Company
(248) 212-7493
26 in this area
362 Total Sales
364 W Cambourne St Ferndale, MI 48220
4
Beds
2
Baths
1,934
Sq Ft
6,970
Sq Ft Lot
Highlights
- Covered Patio or Porch
- Forced Air Heating and Cooling System
- 2 Car Garage
- Bungalow
About This Home
As of June 2025Best offers due by Monday 6/9 @ 10am. Prime NW Ferndale Multifamily Opportunity – Live in One, Rent the Other!
Located in the highly sought-after NW Ferndale neighborhood, just a few blocks from the heart of downtown, this two-unit multifamily home is the perfect opportunity for investors or owner-occupants seeking flexibility and long-term value. Both upper and lower 2 bedroom units have previously rented for around $1,700/month with the lower unit being currently owner-occupied with tenant rights. Loaded with charm & smart updates, the home features hardwood floors, thermal windows, newer downstairs appliances, both bathrooms gutted in the last 5-7 years, outdoor sprinkler system, newer furnaces and water heaters, and separate utilities (except water)—ideal for streamlined tenant management. City of Ferndale Rental Certified, with an oversized detached 2 car garage and 50' wide lot along with covered front porch & backyard paver patio...this is a rare opportunity to own a versatile, income-generating property in a premium Ferndale location with strong neighborhood appeal. This property checks all the boxes to either expand your portfolio or look for a smart way to live affordably.
Last Agent to Sell the Property
Good Company License #6501393842 Listed on: 06/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1926
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 50.00 x 137.00
- Back Yard Fenced
Parking
- 2 Car Garage
Home Design
- Bungalow
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
- Stone Siding
Interior Spaces
- 2 Full Bathrooms
- 1,934 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Outdoor Features
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- 2 Units
- Woodward Heights Sub Ferndale Subdivision
Listing and Financial Details
- Assessor Parcel Number 2527351034
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2025
Closed on
Jun 23, 2025
Sold by
Schmid Michael
Bought by
Mjk Property Group Llc
Seller's Agent
Jolene Jacobs
Good Company
Buyer's Agent
Connie Naber
Remerica Integrity II
List Price
$399,900
Sold Price
$435,000
Premium/Discount to List
$35,100
8.78%
Views
88
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.26%
Original Mortgage
$262,000
Outstanding Balance
$262,000
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$157,878
Purchase Details
Closed on
Oct 14, 2020
Sold by
Schmid Beb A and Schmid John W
Bought by
Schmid Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Listed on
Sep 4, 2015
Closed on
Dec 2, 2015
Sold by
Minando William and Revo Madelyn L Minando
Bought by
Schmid John W and Schmid Debra A
Seller's Agent
Judy Palmer
RE/MAX Showcase Homes
Buyer's Agent
Deborah Hurley
Real Estate One Troy
List Price
$224,000
Sold Price
$227,000
Premium/Discount to List
$3,000
1.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%
Original Mortgage
$158,900
Interest Rate
3.88%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $435,000 | None Listed On Document | |
| Warranty Deed | $435,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $227,000 | Partners Title Agency Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $262,000 | New Conventional | |
| Previous Owner | $227,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $158,900 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2025 06/23/25 | Sold | $435,000 | +8.8% | $225 / Sq Ft |
| 06/09/2025 06/09/25 | Pending | -- | -- | -- |
| 06/05/2025 06/05/25 | For Sale | $399,900 | +76.2% | $207 / Sq Ft |
| 12/02/2015 12/02/15 | Sold | $227,000 | +1.3% | $132 / Sq Ft |
| 09/22/2015 09/22/15 | Pending | -- | -- | -- |
| 09/04/2015 09/04/15 | For Sale | $224,000 | -- | $131 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | $8,578 | $179,490 | $0 | $0 |
| 2023 | $7,821 | $171,410 | $0 | $0 |
| 2022 | $7,582 | $155,510 | $0 | $0 |
| 2021 | $7,587 | $143,870 | $0 | $0 |
| 2020 | $8,261 | $142,750 | $0 | $0 |
| 2019 | $8,324 | $139,340 | $0 | $0 |
| 2018 | $6,321 | $123,770 | $0 | $0 |
| 2017 | $6,240 | $124,270 | $0 | $0 |
| 2016 | $6,175 | $105,620 | $0 | $0 |
| 2015 | -- | $87,720 | $0 | $0 |
| 2014 | -- | $77,170 | $0 | $0 |
| 2011 | -- | $66,810 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jolene Jacobs
-
Connie Naber
Buyer's Agent in 2025
Connie Naber
Remerica Integrity II
(248) 787-3818
4 in this area
154 Total Sales
-
J
Seller's Agent in 2015
Judy Palmer
RE/MAX
-
D
Buyer's Agent in 2015
Deborah Hurley
Real Estate One Troy
Map
Source: Realcomp
MLS Number: 20250034995
APN: 25-27-351-034
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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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