NOT LISTED FOR SALE

503 E Drayton St Ferndale, MI 48220

Estimated Value: $192,000 - $229,000

3 Beds
1 Bath
948 Sq Ft
$222/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $115,000 $121 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,355/month

23 Days on Market

Highlights

  • Corner Lot
  • Bungalow
  • Hot Water Heating System
  • Porch
  • Forced Air Heating System
  • 5-minute walk to Victory Park

About This Home

As of April 2023

'FLIP' or RENTAL? Heavy Lifting - DONE! Just 2 streets S of Pleasant Ridge & Walkable to Downtown Ferndale: Corner Lot offers ample room for Future Garage! Licensed Michigan Builder is Seller: Newer Windows, Electrical Panel (needs connect to Main Service) Excavation for Walk-Out Basement/Lower Level completed. Gutted Down to Studs, this home offers immense opportunity to create an Open Flow floorplan with ease! Seller's 'life change' is your 'financial gain'! Seller's City of Ferndale Approved Renovation Plans are available online for your review!

Last Agent to Sell the Property

Joan King

Realty Executives Home Towne Chesterfield License #MISPE-6501292224 Listed on: 03/21/2023

Realty Executives Home Towne Chesterfield

Last Buyer's Agent

Chad Hooks

Berkshire Hathaway HomeServices HWWB License #RCO-6501310619

Berkshire Hathaway HomeServices HWWB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1922

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x120
  • Corner Lot

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 1.5-Story Property

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • Woodward Heights Sub No 2 Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2527401018

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,115

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type: 6062
  • Type Of Property: Single Family
  • Architecture Style: Bungalow
  • Structure Style: 1 1/2 Story
  • Total Tax Amount: 2115
  • Total Tax Year: 2021
  • Year Built: 1922
  • Mail City: Ferndale
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Yes
  • Below Grade Sq Ft: 800
  • Finished Below Grade Sq Ft: 100
  • Above Grade Finished Sq Ft: 848
  • Total Finished Sq Ft: 948

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Porch, Sidewalks, Street Lights
  • Foundation: Michigan Basement
  • Frontage: 35
  • Road: Paved Street
  • Frontage Type: Road

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air, Hot Water
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 2527401018
  • Zoning: Residential
  • Lot Dimensions: 35x120
  • Acreage: 0.1
  • Geo Subdivision: MI
  • Site/Lot Features: Corner Lot

Tax Info

  • Summer Tax: Year: 2021, Amount: $2,050.00
  • Winter Tax: Year: 2021, Amount: $66.00
  • Taxable Value: 36970
  • Total Tax: Year: 2021, Amount: $2,115.00

MLS Schools

  • School District: Ferndale City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
Apr 14, 2023
Sold by
Huber Philip Louis
Bought by
Maintenance Building Solutions Inc
Seller's Agent
Joan King
Realty Executives Home Towne Chesterfield
Buyer's Agent
Chad Hooks
Berkshire Hathaway HomeServices HWWB
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Views
239
Current Estimated Value
$210,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,117
Avg. Annual Appreciation
28.89%

Purchase Details

Listed on
Apr 25, 2017
Closed on
May 4, 2017
Sold by
Serafinski Eva and Russell Carol
Bought by
Huber Philip
Seller's Agent
Robert Visingardi
Real Broker Birmingham
Buyer's Agent
Nick Sloney
Century 21 Curran & Oberski
List Price
$89,900
Sold Price
$103,000
Premium/Discount to List
$13,100
14.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.87%

Purchase Details

Closed on
Oct 20, 2016
Sold by
Serafinski Eva
Bought by
Renn Sharon and Russell Carol

Purchase Details

Closed on
Apr 16, 2014
Sold by
Serafinski Eva
Bought by
Renn Sharon and Russell Carol
Source: Public Records

Range of Values:

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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
Maintenance Building Solutions Inc $115,000 Ata National Title
Huber Philip $103,000 First American Title Insuran
Renn Sharon -- None Available
Renn Sharon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huber Philip L $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $115,000 -8.0% $121 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
03/25/2023 03/25/23 Price Changed $124,999 0.0% $132 / Sq Ft
03/21/2023 03/21/23 For Sale $125,000 +21.4% $132 / Sq Ft
05/04/2017 05/04/17 Sold $103,000 +14.6% $107 / Sq Ft
04/28/2017 04/28/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $89,900 -- $93 / Sq Ft
Source: Michigan Multiple Listing Service

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 $6,668 $89,680 $0 $0
2023 $3,099 $82,820 $0 $0
2022 $2,893 $74,730 $0 $0
2021 $2,115 $59,430 $0 $0
2020 $2,042 $51,780 $0 $0
2019 $2,039 $44,560 $0 $0
2018 $2,046 $33,840 $0 $0
2017 $1,240 $31,250 $0 $0
2016 $1,218 $25,240 $0 $0
2015 -- $22,130 $0 $0
2014 -- $19,220 $0 $0
2011 -- $32,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joan King

    Seller's Agent in 2023

    Joan King

    Realty Executives

    (586) 383-9975

    2 in this area

    232 Total Sales

    Joan King
    Section Image
  • Chad Hooks

    Buyer's Agent in 2023

    Chad Hooks

    Berkshire Hathaway HomeServices HWWB

    (248) 646-6200

    23 in this area

    123 Total Sales

    Chad Hooks
    Section Image

  • R

    Seller's Agent in 2017

    Robert Visingardi

    Real Broker Birmingham

    (248) 935-8201

    1 in this area

    22 Total Sales

    Robert Visingardi
    Section Image
  • Nick Sloney

    Buyer's Agent in 2017

    Nick Sloney

    Century 21 Curran & Oberski

    (313) 757-5450

    1 in this area

    70 Total Sales

    Nick Sloney
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50104141

Michigan Multiple Listing Service

APN: 25-27-401-018

Michigan Oakland County Ferndale 48220

503 E Drayton St, Ferndale, MI

This home is located at 503 E Drayton St, Ferndale, MI 48220 since 21 March 2023 and is currently estimated at $210,117, approximately $221 per square foot. This property was built in 1922. 503 E Drayton St 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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