NOT LISTED FOR SALE

425 Pearson St Ferndale, MI 48220

Estimated Value: $285,000 - $341,000

2 Beds
1 Bath
1,200 Sq Ft
$259/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $192,000 $160 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,067/month

4 Days on Market

Highlights

  • No HOA
  • Enclosed Patio or Porch
  • Forced Air Heating and Cooling System
  • 2 Car Detached Garage
  • Bungalow
  • Humidifier

About This Home

As of October 2016

Welcome home to this flawlessly maintained and updated Crafstman-style bungalow just a few short blocks from downtown Ferndale! Beautiful classic screened-in porch welcoming you in, enter to inviting living room with slate hearth fireplace. Beautiful refinished hardwoods, plaster coved ceilings and crown moulding throughout entire first floor. Super fun kitchen with colorful tilework and custom wood cabinets providing plenty of storage space. Two good sized bedrooms on first floor have California closet systems in each and share a renovated full bath with unique ceramic tilework and glass block in the shower. Spacious upstairs office with custom built-in desk. Upper and lower levels have their own heating and cooling to maintain comfortability. Incredible lower level boasts refinished laundry room and huge workshop that is a handyman's dream! Landscaped backyard features sprinkler system, patio and newer two car garage with 50 yr warranty on shingles.

Last Agent to Sell the Property

Kimberly Nagy Street

EXP Realty Nagy Group License #6501265705 Listed on: 09/16/2016

Last Buyer's Agent

Judy Palmer

RE/MAX Showcase Homes License #6502118318

RE/MAX Showcase Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1922

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x115.81
  • Fenced

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 1,200 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Partially Finished Basement

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Greenwood Park Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534176009

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,562

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Humidifier
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Range/Stove
  • Total Sq Ft: 1200

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Cedar, Composition, Wood
  • Exclusions: Yes
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Block
  • Porch Type: Patio, Porch - Enclosed
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached, Door Opener, Electricity, Side Entrance
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1636363.6364
  • Lot Size Area: 0.11
  • Lot Dimensions: 40X115.81
  • Parcel Number: 2534176009

Tax Info

  • Tax Amount Summer: 2482.0000
  • Tax Amount Winter: 80.0000
  • Total Tax: 2562.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2016
Closed on
Oct 31, 2016
Sold by
Locher Paul and Locher Patricia
Bought by
Cosgrove Molly
Seller's Agent
Kimberly Nagy Street
EXP Realty Nagy Group
Buyer's Agent
Judy Palmer
RE/MAX Showcase Homes
List Price
$180,000
Sold Price
$192,000
Premium/Discount to List
$12,000
6.67%
Current Estimated Value
$311,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,395
Avg. Annual Appreciation
5.40%
Original Mortgage
$153,600
Outstanding Balance
$122,317
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$189,078

Purchase Details

Closed on
Mar 27, 1996
Sold by
Trosin Nancy J
Bought by
Locher Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,225
Interest Rate
7.46%
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
Cosgrove Molly $192,000 None Available
Locher Paul $65,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cosgrove Molly $153,600
Previous Owner Locher Paul $62,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $192,000 +6.7% $160 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
09/16/2016 09/16/16 For Sale $180,000 -- $150 / 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
2025 $5,280 $138,110 $0 $0
2024 $5,067 $136,280 $0 $0
2023 $4,927 $127,670 $0 $0
2022 $4,958 $117,740 $0 $0
2021 $4,989 $109,220 $0 $0
2020 $4,724 $105,210 $0 $0
2019 $4,802 $94,700 $0 $0
2018 $4,821 $84,110 $0 $0
2017 $4,759 $82,120 $0 $0
2016 $2,687 $59,730 $0 $0
2015 -- $56,010 $0 $0
2014 -- $48,320 $0 $0
2011 -- $47,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Nagy Street

    Seller's Agent in 2016

    Kimberly Nagy Street

    EXP Realty Nagy Group

    (248) 459-0445

    5 in this area

    305 Total Sales

    Kimberly Nagy Street
    Section Image
  • Judy Palmer

    Buyer's Agent in 2016

    Judy Palmer

    RE/MAX

    (248) 568-0338

    23 in this area

    94 Total Sales

    Judy Palmer
    Section Image
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Map

Source: Realcomp

MLS Number: 216091862

Realcomp

APN: 25-34-176-009

Michigan Oakland County Ferndale 48220

425 Pearson St, Ferndale, MI

Not Listed for Sale

Detached

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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