NOT LISTED FOR SALE

394 W Webster St Ferndale, MI 48220

Estimated Value: $287,000 - $332,763

3 Beds
2 Baths
1,454 Sq Ft
$208/Sq Ft Est. Value

Last Sold July 17, 2023

Last sale price $272,000 $187 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,958/month

26 Days on Market

About This Home

As of July 2023

Don't miss your opportunity to live in one unit of this beautiful multi-family home and rent out the other! 2 units total. Located in highly desirable Ferndale and within walking distance of Downtown! Very well cared for and maintained. Each unit equipt with its own furnace. One tenant currently living in the home in the upstairs unit, please do not disturb or knock on the door. ONLY LOWER UNIT AVAILABLE TO SHOW. The current tenants lease is up 10/31/23. Last 4 photos are of the upper unit.

Last Agent to Sell the Property

Chelsea Thomas

Real Broker Birmingham License #6501436582 Listed on: 05/26/2023

Real Broker Birmingham

Last Buyer's Agent

Andrea Yakobe

Anthony Djon Luxury Real Estate License #6501390264

Anthony Djon Luxury Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 52.00 x 113.00

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 1,454 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 2534452027
  • $5,000 Seller Concession

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 291.00
  • Year Built: 1927
  • State Equalized Value: 118400.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 1454
  • Total Sq Ft: 1454

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Poured
  • Frontage Feet: 52
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 52.00 x 113.00
  • Parcel Number: 2534452027
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2400

Tax Info

  • Tax Amount Summer: 7960.0000
  • Tax Amount Winter: 202.0000
  • Total Tax: 8162.0000
  • Taxable Value: 111780.0000

Multi Family

  • Gross Scheduled Income: 28800.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 1

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Jul 17, 2023
Sold by
Ahler Properties Llc
Bought by
Emole Josephine
Seller's Agent
Chelsea Thomas
Real Broker Birmingham
Buyer's Agent
Andrea Yakobe
Anthony Djon Luxury Real Estate
List Price
$270,000
Sold Price
$272,000
Premium/Discount to List
$2,000
0.74%
Views
120
Current Estimated Value
$302,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,441
Avg. Annual Appreciation
3.79%
Original Mortgage
$202,000
Outstanding Balance
$198,091
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$95,776

Purchase Details

Closed on
Aug 11, 2020
Sold by
Dingo Investment Group Llc
Bought by
Ahler Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 20, 2014
Closed on
Apr 29, 2014
Sold by
Dingman Darin
Bought by
Dingo Investment Group Llc
Seller's Agent
Drew Colburn
The Drew Colburn Real Estate Group
Buyer's Agent
Chris Hackman
Urban Ridge Realty LLC
List Price
$107,900
Sold Price
$93,500
Premium/Discount to List
-$14,400
-13.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%
Original Mortgage
$69,750
Interest Rate
4.34%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Emole Josephine $272,000 Ata National Title
Ahler Properties Llc $175,000 Ata National Title Group Llc
Dingo Investment Group Llc -- Shield Titlle Agency Inc
Dingman Darin $93,500 Sterling Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emole Josephine $202,000
Previous Owner Ahler Properties Llc $164,910
Previous Owner Ahler Properties Llc $131,250
Previous Owner Dingman Darin $69,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2023 07/17/23 Sold $272,000 +0.7% $187 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $270,000 +188.8% $186 / Sq Ft
04/29/2014 04/29/14 Sold $93,500 -13.3% $64 / Sq Ft
03/14/2014 03/14/14 Pending -- -- --
01/20/2014 01/20/14 For Sale $107,900 -- $74 / 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 $9,544 $138,690 $0 $0
2023 $8,230 $130,940 $0 $0
2022 $8,162 $118,400 $0 $0
2021 $8,134 $108,210 $0 $0
2020 $4,760 $101,240 $0 $0
2019 $4,794 $92,260 $0 $0
2018 $4,779 $87,080 $0 $0
2017 $4,710 $86,470 $0 $0
2016 $4,659 $71,800 $0 $0
2015 -- $59,080 $0 $0
2014 -- $50,200 $0 $0
2011 -- $53,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chelsea Thomas

    Seller's Agent in 2023

    Chelsea Thomas

    Real Broker Birmingham

    (248) 635-8532

    3 in this area

    32 Total Sales

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  • Andrea Yakobe

    Buyer's Agent in 2023

    Andrea Yakobe

    Anthony Djon Luxury Real Estate

    (313) 378-3013

    3 in this area

    109 Total Sales

    Section Image
  • Drew Colburn

    Seller's Agent in 2014

    Drew Colburn

    The Drew Colburn Real Estate Group

    (248) 320-7007

    144 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2014

    Andrew Mimikos

    AutoCity Realty LLC

    Section Image

  • C

    Buyer's Agent in 2014

    Chris Hackman

    Urban Ridge Realty LLC

    (248) 767-4313

    18 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20230040059

Realcomp

APN: 25-34-452-027

Michigan Oakland County Ferndale 48220

394 W Webster St, Ferndale, MI

This home is located at 394 W Webster St, Ferndale, MI 48220 since 26 May 2023 and is currently estimated at $302,441, approximately $208 per square foot. This property was built in 1927. 394 W Webster 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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