NOT LISTED FOR SALE

465 W Breckenridge St Ferndale, MI 48220

Estimated Value: $402,000 - $432,000

4 Beds
3 Baths
1,744 Sq Ft
$241/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $365,000 $209 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,265/month

18 Days on Market

Highlights

  • Lobby
  • Ceiling Fan
  • High Speed Internet
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Here's your opportunity to own this multifamily unit in Downtown Ferndale! It is currently Tenant Occupied in both of the 2 bedroom units and in the loft, however notice has been given. 2017 updates include flooring, plumbing fixtures, light fixtures, cabinets and granite in all kitchens. Walking distance to downtown Ferndale! Excellent Investment Opportunity!

Last Agent to Sell the Property

Constance Jabro

EXP Z Real Estate License #6502413440 Listed on: 09/01/2021

EXP Z Real Estate

Last Buyer's Agent

Susan Tice Niethammer Realtor

RE/MAX Platinum License #6501318973

RE/MAX Platinum

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50.00x152.00

Home Design

  • Duplex
  • Split Level Home
  • Stone Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 1,744 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2527354014
  • $4,000 Seller Concession

Community Details

Overview

  • 3 Units
  • Woodward Heights Sub Ferndale Subdivision

Amenities

  • Lobby

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: Common Entry Building, Duplex, Split Level
  • Architecture Level: 2 Story
  • Assessment: 1042.5
  • Year Built: 1927
  • State Equalized Value: 143500.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 1744
  • Total Sq Ft: 1744

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Stone
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 50.00X152.00
  • Parcel Number: 2527354014
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Electric, Trash Collection (Garbage Pickup), Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3900

Tax Info

  • Tax Amount Summer: 9314.0000
  • Tax Amount Winter: 224.0000
  • Total Tax: 9538.0000
  • Taxable Value: 117090.0000

Multi Family

  • Gross Scheduled Income: 46800.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of Loft Units: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 3

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Dec 5, 2021
Sold by
Tice Ryan M
Bought by
Blue Chip Real Estate Llc
Seller's Agent
Constance Jabro
EXP Z Real Estate
Buyer's Agent
Susan Tice Niethammer Realtor
RE/MAX Platinum
List Price
$359,900
Sold Price
$365,000
Premium/Discount to List
$5,100
1.42%
Current Estimated Value
$419,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,700
Avg. Annual Appreciation
3.16%
Original Mortgage
$255,500
Interest Rate
3.14%

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 29, 2021
Sold by
Qarana Ryan S
Bought by
Tice Ryan M and Tice Margaret
Seller's Agent
Constance Jabro
EXP Z Real Estate
Buyer's Agent
Susan Tice Niethammer Realtor
RE/MAX Platinum
List Price
$359,900
Sold Price
$365,000
Premium/Discount to List
$5,100
1.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
3.14%

Purchase Details

Closed on
Jul 17, 2017
Sold by
Fundaro Thomas
Bought by
Qarana Ryan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2014
Sold by
Fundaro Jillanne T
Bought by
Fundaro Thomas

Purchase Details

Closed on
Mar 17, 2003
Sold by
Fundaro Thomas
Bought by
Fundaro Thomas and Fundaro Jillannne T
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
Blue Chip Real Estate Llc -- None Listed On Document
Tice Ryan M $365,000 None Listed On Document
Qarana Ryan S $180,000 None Available
Fundaro Thomas -- None Available
Fundaro Thomas -- Moon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tice Ryan M $255,500
Previous Owner Qarana Ryan S $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $365,000 +1.4% $209 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $359,900 0.0% $206 / Sq Ft
05/11/2021 05/11/21 Rented $1,600 0.0% --
02/19/2021 02/19/21 Price Changed $1,600 -5.9% $2 / Sq Ft
11/30/2020 11/30/20 For Rent $1,700 +13.3% --
08/08/2019 08/08/19 Rented $1,500 0.0% --
07/31/2019 07/31/19 Under Contract -- -- --
07/15/2019 07/15/19 For Rent $1,500 -- --
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 $11,731 $180,140 $0 $0
2023 $11,342 $171,920 $0 $0
2022 $11,254 $155,680 $0 $0
2021 $9,529 $143,500 $0 $0
2020 $8,936 $138,850 $0 $0
2019 $8,967 $135,550 $0 $0
2018 $9,068 $115,960 $0 $0
2017 $5,060 $116,180 $0 $0
2016 $5,006 $101,650 $0 $0
2015 -- $79,140 $0 $0
2014 -- $69,980 $0 $0
2011 -- $63,170 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210073320

Realcomp

APN: 25-27-354-014