NOT LISTED FOR SALE

484 Academy St Ferndale, MI 48220

Estimated Value: $410,527 - $492,000

4 Beds
3.5 Baths
2,420 Sq Ft
$183/Sq Ft Est. Value

Last Sold November 19, 2020

Last sale price $335,000 $138 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,268/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Programmable Thermostat
  • Humidifier
  • Enclosed Patio or Porch
  • Forced Air Heating and Cooling System
  • Laundry Facilities

About This Home

As of November 2020

Completely updated 3 unit multi-family in Ferndale. New siding just installed in Sept. City rental certificate good till October 2021. All units have access to common basement with laundry facilities and storage.

Last Agent to Sell the Property

Matthew Bazner

Max Broock, REALTORS-Royal Oak License #6501361854 Listed on: 10/21/2020

Max Broock, REALTORS-Royal Oak

Last Buyer's Agent

Heather Salesin

The Agency Hall & Hunter License #6501356179

The Agency Hall & Hunter

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923 | Remodeled in 2016

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50.00x121.00

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 2,420 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Shared Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2534231008
  • $1,000 Seller Concession

Community Details

Overview

  • 3 Units
  • The Little Farms Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,708

Year Built

Built in 1923 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 413
  • Year Built: 1923
  • State Equalized Value: 139410.0000
  • Year Renovated: 2016
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Humidifier, Laundry Facility, Programmable Thermostat
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Common, Unfinished
  • Total Sq Ft: 2420

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch - Enclosed
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • MF Parking: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Common, Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 2778571.4286
  • Lot Size Area: 0.14
  • Lot Dimensions: 50.00X121.00
  • Parcel Number: 2534231008
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Rent Includes: Cable TV, Electric, Garbage Pickup, Heat, Internet, Snow Removal, Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2720

Tax Info

  • Tax Amount Summer: 3614.0000
  • Tax Amount Winter: 94.0000
  • Total Tax: 3708.0000
  • Taxable Value: 55140.0000

Multi Family

  • Gross Scheduled Income: 32640.00
  • Number Of Units Total: 3

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2021
Sold by
Joseph Garatoni and Joseph Peter
Bought by
Lgm Real Estate Llc
Current Estimated Value
$443,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,500
Outstanding Balance
$254,102
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$189,280

Purchase Details

Listed on
Oct 21, 2020
Closed on
Nov 19, 2020
Sold by
Samelak Matthew
Bought by
Lgm Real Estate Llc
Seller's Agent
Matthew Bazner
Max Broock, REALTORS-Royal Oak
Buyer's Agent
Heather Salesin
The Agency Hall & Hunter
List Price
$389,000
Sold Price
$335,000
Premium/Discount to List
-$54,000
-13.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%

Purchase Details

Closed on
Sep 19, 2006
Sold by
Khalsa Gurudarshan
Bought by
Samelak Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
6.58%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 7, 2003
Sold by
Khalsa Gurudarshan
Bought by
Khalsa Gurudarshan and Gurudarsha Khalsa Revocable Living Tr
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
Lgm Real Estate Llc -- New Title Company Name
Garatoni Lisa-Marie -- New Title Company Name
Lgm Real Estate Llc $335,000 Equity Title Agency Llc
Samelak Matthew $189,000 Great Lakes Title Of Mi
Khalsa Gurudarshan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garatoni Lisa-Marie $276,500
Previous Owner Samelak Matthew $151,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2020 11/19/20 Sold $335,000 -13.9% $138 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $389,000 -- $161 / 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 $11,250 $170,620 $0 $0
2023 $10,840 $165,240 $0 $0
2022 $10,840 $154,190 $0 $0
2021 $10,840 $143,800 $0 $0
2020 $3,716 $139,410 $0 $0
2019 $3,655 $125,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200087307

Realcomp

APN: 25-34-231-008