NOT LISTED FOR SALE

492 E Lewiston Ave Ferndale, MI 48220

Estimated Value: $279,000 - $312,000

4 Beds
2 Baths
1,668 Sq Ft
$179/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $225,000 $135 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,306/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Balcony
  • Private Entrance
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Laundry Facilities

About This Home

As of October 2021

*Multiple Offers - HIGHEST & BEST DUE BY 8/22/21 @ 6PM *Investment Property Opportunity just walking distance from all of Downtown Ferndale! This massive two-story colonial was converted into a two unit upper and lower "apartment/duplex" by the previous owner. Both units are completely vacant and are move-in ready with no leases attached. They are quite similar with updates and somewhat mirror each other however, with the dining room and hallways as the exception. The roof was replaced in 2016 and air conditioning was installed since new ownership. Each unit has their own utilities with the exception of water/sewer. Spacious yard behind that has access to an alley that also provides private parking off the street. * BATVI * Buyers agent is required to be physically present for all showings.

Last Agent to Sell the Property

Melissa Reyes

Thrive Realty Company License #6501379284 Listed on: 08/19/2021

Last Buyer's Agent

Katherine Sherrit

Vylla Home License #6501354599

Vylla Home

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1922

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 30 x 129 x 30 x 129
  • Private Entrance

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,668 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2527451015
  • $2,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Aston's Sub Of Knowles Heights Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,416

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1922
  • State Equalized Value: 98200.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 1668
  • Total Sq Ft: 1668
  • Sq Ft Total Bsmt: 833

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 30
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 30 X 129 X 30 X 129
  • Parcel Number: 2527451015
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2150

Tax Info

  • Tax Amount Summer: 4274.0000
  • Tax Amount Winter: 142.0000
  • Total Tax: 4416.0000
  • Taxable Value: 76560.0000

Multi Family

  • Gross Scheduled Income: 25800.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Oct 1, 2021
Sold by
Sanders Catherine and Wood Eric L
Bought by
Laud Marlando
Seller's Agent
Melissa Reyes
Thrive Realty Company
Buyer's Agent
Katherine Sherrit
Vylla Home
List Price
$215,000
Sold Price
$225,000
Premium/Discount to List
$10,000
4.65%
Current Estimated Value
$299,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,342
Avg. Annual Appreciation
6.60%
Original Mortgage
$168,750
Outstanding Balance
$155,963
Interest Rate
3.01%
Estimated Equity
$133,111

Purchase Details

Listed on
Oct 26, 2016
Closed on
Jan 20, 2017
Sold by
Quincy Alexander L L C
Bought by
Laud Marlando
Seller's Agent
Luke Johnson
EXP Realty Main
Buyer's Agent
Melissa Reyes
EXP Realty LLC
List Price
$180,000
Sold Price
$158,000
Premium/Discount to List
-$22,000
-12.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%
Original Mortgage
$155,138
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 29, 2002
Sold by
Granader Brian P
Bought by
Quincy Alexander Llc

Purchase Details

Closed on
Aug 7, 2002
Sold by
Alexander Quincy
Bought by
Granader Brian P

Purchase Details

Closed on
Feb 17, 2000
Sold by
Granader Brian
Bought by
Alexander Quincy

Purchase Details

Closed on
Mar 21, 1997
Sold by
Delong Clifton W
Bought by
Hodge Michael R
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
Laud Marlando $225,000 None Available
Laud Marlando $158,000 Liberty Title The Closing An
Quincy Alexander Llc -- --
Granader Brian P -- --
Alexander Quincy -- --
Hodge Michael R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laud Marlando $168,750
Closed Sanders Catherine $168,750
Previous Owner Laud Marlando $152,000
Previous Owner Laud Marlando $155,138
Closed Granader Brian P --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $225,000 +4.7% $135 / Sq Ft
08/22/2021 08/22/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $215,000 +36.1% $129 / Sq Ft
01/20/2017 01/20/17 Sold $158,000 -12.2% $95 / Sq Ft
12/06/2016 12/06/16 Pending -- -- --
10/26/2016 10/26/16 For Sale $180,000 -- $108 / 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 $8,140 $123,550 $0 $0
2023 $7,865 $114,980 $0 $0
2022 $7,833 $104,260 $0 $0
2021 $4,506 $100,530 $0 $0
2020 $4,274 $98,200 $0 $0
2019 $4,341 $89,950 $0 $0
2018 $4,355 $73,380 $0 $0
2017 $2,069 $66,030 $0 $0
2016 $2,617 $60,640 $0 $0
2015 -- $55,500 $0 $0
2014 -- $45,530 $0 $0
2011 -- $41,620 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Reyes

    Seller's Agent in 2021

    Melissa Reyes

    Thrive Realty Company

    (810) 614-4000

    1 in this area

    11 Total Sales

    Melissa Reyes
    Section Image

  • K

    Buyer's Agent in 2021

    Katherine Sherrit

    Vylla Home

    Section Image
  • Luke Johnson

    Seller's Agent in 2017

    Luke Johnson

    EXP Realty Main

    (248) 417-0630

    11 in this area

    128 Total Sales

    Luke Johnson
    Section Image
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Map

Source: Realcomp

MLS Number: 2210068721

Realcomp

APN: 25-27-451-015

Michigan Oakland County Ferndale 48220

492 E Lewiston Ave, Ferndale, MI

This home is located at 492 E Lewiston Ave, Ferndale, MI 48220 since 19 August 2021 and is currently estimated at $299,342, approximately $179 per square foot. This property was built in 1922. 492 E Lewiston Ave is a home located in Oakland County with nearby schools including Ferndale Lower Elementary Campus, Ferndale Upper Elementary Campus, and Ferndale Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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