NOT LISTED FOR SALE

471 W Bennett Ferndale, MI 48220

Estimated Value: $119,883

0.06 Acre
$1,998,050 Price per Acre
2,614 Sq Ft Lot

Last Sold October 20, 2015

Last sale price $9,500

Est. 1,162% increase in value since last sale

Current estimated payment $671/month

187 Days on Market

About This Lot

As of October 2015

RARE OPPORTUNITY TO OWN THIS MIXED USE LOT IN FERNDALE! THE POSSIBILITIES ARE ENDLESS, APPROVED USES INCLUDE APARTMENTS, LOFTS, MULTI-FAMILY, MEDICAL, DENTAL, FITNESS, RESTAURANT, BANK, RETAIL SERVICE AND MUCH MORE! CONTACT CITY OF FERNDALE FOR FULL LIST AND BUILDING DETAILS. NEAR FREEWAYS AND OTHER THRIVING BUSINESS. BUYER/AGENT TO VERIFY ALL INFO.

Last Agent to Sell the Property

James Silver

Keller Williams Somerset License #6501302927 Listed on: 04/16/2015

Keller Williams Somerset

Last Buyer's Agent

James Silver

Keller Williams Somerset License #RCO-6501302927

Keller Williams Somerset

Property Details

Property Type

  • Land

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 35x70
  • Property is zoned Commercial, Multi-Family, Multiple, Office

Utilities

  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 2534455043

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Assessment: 138
  • State Equalized Value: 6890.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

  • Sewer: 3rd Party Unknown, Sewer at Street
  • Water Source: 3rd Party Unknown, Water at Street

Lot Info

  • List Price per Acre: 241666.6667
  • Lot Size Area: 0.06
  • Lot Dimensions: 35X70
  • Parcel Number: 2534455043
  • Zoning: Commercial, Multi-Family, Multiple, Office, Residential

Tax Info

  • Tax Amount Summer: 632.0000
  • Tax Amount Winter: 9.0000
  • Total Tax: 641.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2015
Closed on
Jul 13, 2015
Sold by
Silver James
Bought by
Hill Brian
Seller's Agent
James Silver
Keller Williams Somerset
Buyer's Agent
James Silver
Keller Williams Somerset
List Price
$14,500
Sold Price
$9,000
Premium/Discount to List
-$5,500
-37.93%
Current Estimated Value
$119,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,883
Avg. Annual Appreciation
27.85%

Purchase Details

Closed on
Oct 31, 2014
Sold by
Oakland County Treasurer
Bought by
Silver James

Purchase Details

Closed on
Jul 8, 2008
Sold by
Vermeersch Aaron A
Bought by
Lasalle Bank Na and First Franklin Mortgage Loan Trust 2007-

Purchase Details

Closed on
Mar 16, 2005
Sold by
Dundon Robert Y and Dundon Barbara
Bought by
Vermeersch Aaron A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,575
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 1997
Sold by
Dundon Robert Y
Bought by
Dundon Robert Y

Purchase Details

Closed on
Mar 28, 1997
Sold by
Dasse Duane R
Bought by
Dundon Robert Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,200
Interest Rate
7.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 1995
Sold by
R Perry Rlty Inc
Bought by
Hackler James Roger
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
Hill Brian $9,000 Attorney
Silver James $500 None Available
Lasalle Bank Na $36,830 None Available
Vermeersch Aaron A $69,050 Philip R Seaver Title Co Inc
Vermeersch Aaron A $69,050 Philip R Seaver Title Co Inc
Dundon Robert Y -- --
Dundon Robert Y $38,000 --
Hackler James Roger $18,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vermeersch Aaron A $65,575
Previous Owner Dundon Robert Y $34,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2015 10/20/15 Sold $9,500 +5.6% --
10/20/2015 10/20/15 Pending -- -- --
07/14/2015 07/14/15 Sold $9,000 -37.9% -- View Prior Sale
07/13/2015 07/13/15 Pending -- -- --
07/01/2015 07/01/15 For Sale $14,500 0.0% --
04/16/2015 04/16/15 For Sale $14,500 -- --
Source: Realcomp

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 $578 $17,150 $0 $0
2024 $560 $15,590 $0 $0
2023 $543 $14,170 $0 $0
2022 $539 $12,330 $0 $0
2021 $538 $9,490 $0 $0
2020 $514 $7,590 $0 $0
2019 $519 $7,590 $0 $0
2017 $1,677 $6,890 $0 $0
2015 -- $6,890 $0 $0
2014 -- $6,890 $0 $0
2011 -- $8,540 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Silver

    Seller's Agent in 2015

    James Silver

    Keller Williams Somerset

    (248) 417-9617

    12 in this area

    337 Total Sales

    James Silver
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Map

Source: Realcomp

MLS Number: 215035027

Realcomp

APN: 25-34-455-043

Michigan Oakland County Ferndale 48203

471 W Bennett, Ferndale, MI

Not Listed for Sale

Lots

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

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