NOT LISTED FOR SALE

4940 Ternes St Dearborn, MI 48126

Woodworth Neighborhood

Estimated Value: $243,000 - $302,000

3 Beds
2 Baths
1,752 Sq Ft
$155/Sq Ft Est. Value

Last Sold April 25, 2019

Last sale price $136,225 $78 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $1,870/month

19 Days on Market

Highlights

  • Porch
  • Humidifier
  • High Speed Internet
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Fenced

About This Home

As of April 2019

Looking for a turnkey investment property? Trying to cut down on your monthly housing payment? This property is perfect for either scenario! Check out this well maintained and super clean turn-key multi-famly in the highly desirable Orchard Boulevard Subdivision right across from Woodworth Middle School! With a one bedroom upper unit and a two bedroom lower unit, you can collect a premium rental income or occupy one and rent the other! Freshly painted, updated bathrooms, new furnace, new AC, updated pluming and electrical, newer floors, just move right in!

Last Agent to Sell the Property

Fadi Dabaja

EXP Realty Main License #6501362745 Listed on: 03/08/2019

EXP Realty Main

Last Buyer's Agent

Abdul Aljahmi

Empire Realty Group License #RCO-6501405852

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928 | Remodeled in 2018

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00x114.00
  • Fenced

Home Design

  • Poured Concrete
  • Asphalt Roof
  • Chimney Cap

Interior Spaces

  • 2 Full Bathrooms
  • 1,752 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors
  • Unfinished Basement

Parking

  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 32821018117018
  • $4,768 Seller Concession

Community Details

Overview

  • 2 Units
  • Orchard Boulevard Sub Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,398

Year Built

Built in 1928 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1928
  • Year Renovated: 2018
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s), High Spd Internet Avail, Humidifier, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1752
  • Total Sq Ft: 1752
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Chimney Cap(s), Fenced, Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 35
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street, Paved

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)
  • Laundry Facilities: No

Schools

  • School District: Dearborn

Lot Info

  • List Price per Acre: 1532222.2222
  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00X114.00
  • Parcel Number: 32821018117018
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1300

Tax Info

  • Tax Amount Summer: 2991.0000
  • Tax Amount Winter: 407.0000
  • Total Tax: 3398.0000

Multi Family

  • Gross Scheduled Income: 15000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2019
Closed on
Apr 25, 2019
Sold by
Aoun Adnan and Aoun Reda
Bought by
Al Shaibah Musaed M
Seller's Agent
Fadi Dabaja
EXP Realty Main
Buyer's Agent
Abdul Aljahmi
Empire Realty Group
List Price
$137,900
Sold Price
$136,225
Premium/Discount to List
-$1,675
-1.21%
Current Estimated Value
$281,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,775
Avg. Annual Appreciation
11.28%
Original Mortgage
$133,756
Outstanding Balance
$118,347
Interest Rate
4%
Mortgage Type
FHA
Estimated Equity
$148,530

Purchase Details

Listed on
Oct 30, 2014
Closed on
Jan 8, 2015
Sold by
Hachem Nahla
Bought by
Aoun Adan and Aoun Reda
Seller's Agent
Ali Eldirani
RE/MAX Leading Edge
Buyer's Agent
Fadi Dabaja
RE/MAX Leading Edge
List Price
$99,900
Sold Price
$95,000
Premium/Discount to List
-$4,900
-4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$67,663
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2006
Sold by
National City Mortgage Inc
Bought by
Hachem Nahla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,600
Interest Rate
7.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 14, 2005
Sold by
Federal Home Loan Mortgage Corporation
Bought by
National City Mortgage Inc and National City Mortgage Co

Purchase Details

Closed on
Jan 5, 2005
Sold by
Mozham Mahmoud
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 3, 1997
Sold by
Dowell Debra and Dowell Richard J
Bought by
Mozham Mahmoud
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
Al Shaibah Musaed M $136,225 None Available
Aoun Adan $95,000 First American Title Ins Co
Hachem Nahla $92,000 Attorneys Title Agency Llc
National City Mortgage Inc -- None Available
Federal Home Loan Mortgage Corporation $127,787 --
Mozham Mahmoud $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Al Shaibah Musaed M $133,756
Previous Owner Aoun Adnan $67,663
Previous Owner Hachem Nahla $94,500
Previous Owner Hachem Nahla $73,600
Previous Owner Hachem Nahla $18,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2019 04/25/19 Sold $136,225 -1.2% $78 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $137,900 +45.2% $79 / Sq Ft
01/08/2015 01/08/15 Sold $95,000 -4.9% $54 / Sq Ft
01/07/2015 01/07/15 Pending -- -- --
10/30/2014 10/30/14 For Sale $99,900 -- $57 / 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
2025 $3,817 $111,300 $0 $0
2024 $3,817 $97,500 $0 $0
2023 $3,543 $84,200 $0 $0
2022 $4,015 $76,500 $0 $0
2021 $4,494 $70,400 $0 $0
2019 $3,507 $57,900 $0 $0
2018 $2,991 $52,200 $0 $0
2017 $814 $50,100 $0 $0
2016 $2,808 $50,900 $0 $0
2015 $4,686 $51,450 $0 $0
2013 $4,540 $45,400 $0 $0
2011 -- $51,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fadi Dabaja

    Seller's Agent in 2019

    Fadi Dabaja

    EXP Realty Main

    (248) 321-1680

    2 in this area

    219 Total Sales

    Section Image

  • A

    Buyer's Agent in 2019

    Abdul Aljahmi

    Empire Realty Group

    (313) 463-0689

    1 in this area

    37 Total Sales

    Section Image
  • Ali Eldirani

    Seller's Agent in 2015

    Ali Eldirani

    RE/MAX

    145 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 219018027

Realcomp

APN: 32-10-181-17-018

Michigan Wayne County Dearborn 48126 Woodworth

4940 Ternes St, Dearborn, MI

This home is located at 4940 Ternes St, Dearborn, MI 48126 since 08 March 2019 and is currently estimated at $270,699, approximately $154 per square foot. This property was built in 1928. 4940 Ternes St is a home located in Wayne County with nearby schools including Henry Ford Elementary School, Woodworth Middle School, and Fordson High 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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