NOT LISTED FOR SALE

47 Fairwood Blvd Pleasant Ridge, MI 48069

Estimated Value: $444,000 - $495,000

4 Beds
2 Baths
1,765 Sq Ft
$262/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $400,000 $227 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,216/month

79 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating and Cooling System
  • 2-minute walk to Victory Park
  • Porch
  • 2 Car Garage

About This Home

As of July 2023

Rare duplex in highly desirable Pleasant Ridge for sale! This home was built as a multifamily and was not converted into a duplex later on like most comps. Both units are 2 bedrooms with 1 full bath. They have a formal dining room, great size living room and lovely updated kitchens! All renovations were completed in 2021, including but not limited to; brand new kitchens x2, new appliances, bathroom upgrades, new LVP flooring in lower unit bedrooms, exposed real hardwood flooring throughout both units, new porch railing and front porch lighting, etc. Both units are occupied with cash flowing tenants and up to date leases. Rental permit is current. See agent notes and MLS ticket for more information on rental rates and NOI. 871 square foot shared basement includes laundry facilities and storage. 2 car detached garage. Yard is partially fenced. Low maintenance vinyl siding and lovely curb appeal. Tenants enjoy the amenities Pleasant Ridge has to offer; Public pool, gym, walking trials and minutes to downtown Ferndale! Make this duplex the next addition to your rental portfolio today!

Last Agent to Sell the Property

Katie Nolff Dudzinski

The Brokerage Real Estate Enthusiasts License #6501392126 Listed on: 04/14/2023

Last Buyer's Agent

Katie Nolff Dudzinski

The Brokerage Real Estate Enthusiasts License #6501392126 Listed on: 04/14/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50.00 x 117.00

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,765 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2527178015
  • $24,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Sylvan Gardens Sub Pleasant Ridge 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: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1927
  • State Equalized Value: 159820.0000
  • 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
  • Sq Ft Combined: 1765
  • Total Sq Ft: 1765
  • Sq Ft Total Bsmt: 871

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

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

Utilities

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

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 50.00 x 117.00
  • Parcel Number: 2527178015
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3150

Tax Info

  • Tax Amount Summer: 10125.0000
  • Tax Amount Winter: 289.0000
  • Total Tax: 10414.0000
  • Taxable Value: 159820.0000

Multi Family

  • Gross Scheduled Income: 37800.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jul 28, 2023
Sold by
Stack Ian and Nolff Katherine
Bought by
Camerlingo Kirk
Seller's Agent
Katie Nolff Dudzinski
The Brokerage Real Estate Enthusiasts
Buyer's Agent
Katie Nolff Dudzinski
The Brokerage Real Estate Enthusiasts
List Price
$449,900
Sold Price
$400,000
Premium/Discount to List
-$49,900
-11.09%
Views
405
Current Estimated Value
$461,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,831
Avg. Annual Appreciation
6.34%
Original Mortgage
$340,000
Outstanding Balance
$333,728
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$122,482

Purchase Details

Closed on
Jul 7, 2022
Sold by
Stack Ian B
Bought by
47 Fairwood Llc

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 14, 2021
Sold by
Konop David L
Bought by
Stack Ian and Noff Katherine
Seller's Agent
Robert Coburn
RE/MAX First
Buyer's Agent
Katie Nolff Dudzinski
The Brokerage Real Estate Enthusiasts
List Price
$299,900
Sold Price
$320,000
Premium/Discount to List
$20,100
6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%
Original Mortgage
$232,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2021
Sold by
Dlk Walnut Llc
Bought by
Konop David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,500
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2016
Closed on
Aug 12, 2016
Sold by
Konop David and Konop David Lawrence
Bought by
Dlk Walnut Llc
Seller's Agent
Robert Coburn
RE/MAX First
Buyer's Agent
Robert Coburn
RE/MAX First
Sold Price
$1,125

Purchase Details

Listed on
Oct 3, 2015
Closed on
Feb 29, 2016
Sold by
Grego Antoinette and Grego George
Bought by
Konop David and Konop David Lawrence
Seller's Agent
Bill Ristov
Real Broker LLC
Buyer's Agent
Robert Coburn
RE/MAX First
List Price
$319,900
Sold Price
$230,000
Premium/Discount to List
-$89,900
-28.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$158,200
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2011
Sold by
Oakland County Treasurer
Bought by
Grego George

Purchase Details

Closed on
Sep 8, 1998
Sold by
Real Estate Acquistionsl
Bought by
Grego George
Source: Public Records

Range of Values:

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Average Value
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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
Camerlingo Kirk $400,000 Fidelity National Title
47 Fairwood Llc -- None Listed On Document
Stack Ian $320,000 Devon Title Agency
Konop David L -- Vanguard Title Company
Dlk Walnut Llc -- None Available
Konop David $230,000 None Available
Grego George $5,777 None Available
Grego George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camerlingo Kirk $340,000
Previous Owner Nolff Katherine $232,500
Previous Owner Konop David L $153,500
Previous Owner Konop David $158,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $400,000 0.0% $227 / Sq Ft
07/02/2023 07/02/23 Pending -- -- --
06/13/2023 06/13/23 Price Changed $399,900 -4.8% $227 / Sq Ft
05/15/2023 05/15/23 Price Changed $419,900 -4.5% $238 / Sq Ft
04/28/2023 04/28/23 Price Changed $439,900 -2.2% $249 / Sq Ft
04/14/2023 04/14/23 For Sale $449,900 +40.6% $255 / Sq Ft
06/18/2021 06/18/21 Sold $320,000 +6.7% $181 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $299,900 0.0% $170 / Sq Ft
06/19/2020 06/19/20 Rented $1,250 -3.5% --
05/16/2020 05/16/20 Under Contract -- -- --
03/09/2020 03/09/20 Price Changed $1,295 -2.3% $1 / Sq Ft
02/14/2020 02/14/20 Price Changed $1,325 -3.6% $1 / Sq Ft
01/16/2020 01/16/20 For Rent $1,375 +22.2% --
07/06/2016 07/06/16 Rented $1,125 -6.3% --
06/02/2016 06/02/16 Under Contract -- -- --
06/01/2016 06/01/16 Rented $1,200 +6.7% --
05/31/2016 05/31/16 Under Contract -- -- --
05/06/2016 05/06/16 For Rent $1,125 -10.0% --
04/20/2016 04/20/16 For Rent $1,250 0.0% --
03/02/2016 03/02/16 Sold $230,000 -28.1% $128 / Sq Ft
12/11/2015 12/11/15 Pending -- -- --
10/03/2015 10/03/15 For Sale $319,900 -- $178 / 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 $9,059 $201,750 $0 $0
2023 $10,617 $173,270 $0 $0
2022 $10,414 $159,820 $0 $0
2021 $5,363 $150,100 $0 $0
2020 $5,157 $137,830 $0 $0
2019 $5,205 $133,170 $0 $0
2018 $5,092 $131,880 $0 $0
2017 $5,002 $129,960 $0 $0
2016 $4,996 $119,040 $0 $0
2015 -- $103,330 $0 $0
2014 -- $92,020 $0 $0
2011 -- $82,490 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230027380

Realcomp

APN: 25-27-178-015