$282,000
SOLD SEP 16, 2025

518 E Troy St Ferndale, MI 48220

3 Beds
2 Baths
1,494 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$189 Per Sq Ft

4% Above List Price

2 Days on Market

Highlights

  • Craftsman Architecture
  • Forced Air Heating System
  • Laundry Facilities
  • Covered Patio or Porch
  • Private Entrance

About This Home

As of September 2025

Turn-key and low-maintenance, this beautifully updated Ferndale duplex is just steps from Nine Mile in the heart of downtown. Completely redone from the studs in 2015, the property has been well maintained and offers both charm and functionality. A covered front porch adds curb appeal, while inside you’ll find two distinct units: the lower level features two bedrooms with a dedicated dining room, and the upper unit includes a large, comfortable living room and one bedroom. Both units are occupied by long-term tenants with leases secured through March & June. The shared basement offers laundry, storage, and has been professionally waterproofed with a transferable 20-year warranty. Outside you’ll find ample parking and a fenced yard. Rental certified and nothing left to do, this is an excellent opportunity for a first-time investor or a seasoned buyer looking to add a dependable property to their portfolio.

24 hour notice required to show. Showings will be Saturday & Sunday, August 23rd & 24th.

Last Agent to Sell the Property

Jessica Juel

Arterra Luxe Collection LLC License #6501418220 Listed on: 08/23/2025

Last Buyer's Agent

Shawna Cascaden

National Realty Centers, Inc License #6501432855

National Realty Centers, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1949

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 42x118
  • Private Entrance
  • Back Yard Fenced

Home Design

  • Craftsman Architecture
  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,494 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2534228003

Community Details

Overview

  • 2 Units
  • The Little Farms Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,174

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow, Craftsman
  • Architecture Level: 2 Story
  • Year Built: 1949
  • State Equalized Value: 127100.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 1494

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Private Entry, Fenced
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch, Covered
  • Road Frontage Type: Paved
  • Sideof Street: S
  • Fencing: Back Yard, Fenced

Garage/Parking

  • MF Parking: On Street, Paved

Utilities

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

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 42x118
  • Parcel Number: 2534228003
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection, Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2245

Tax Info

  • Tax Amount Summer: 3087.0000
  • Tax Amount Winter: 87.0000
  • Total Tax: 3174.0000
  • Taxable Value: 41430.0000

Multi Family

  • Gross Scheduled Income: 26940.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2025
Closed on
Sep 16, 2025
Sold by
Tga Solutions Llc
Bought by
Shatter Jonathan and Knedgen Haley
Seller's Agent
Jessica Juel
Arterra Luxe Collection LLC
Buyer's Agent
Shawna Cascaden
National Realty Centers, Inc
List Price
$270,000
Sold Price
$282,000
Premium/Discount to List
$12,000
4.44%
Views
32
Current Estimated Value
$268,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,020
Avg. Annual Appreciation
-15.04%
Original Mortgage
$267,900
Outstanding Balance
$267,900
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$1,080

Purchase Details

Listed on
Jan 26, 2019
Closed on
Feb 1, 2019
Sold by
Quinn Stephen D and Quinn Kelly L
Bought by
Tga Solutions Llc
Seller's Agent
Tricia Raymond
Keller Williams Somerset
Buyer's Agent
Brandy Slaton
Keller Williams Somerset
Sold Price
$1,250

Purchase Details

Closed on
Nov 24, 2018
Sold by
Phillips Stuart T
Bought by
Quinn Stephen D and Quinn Kelly L

Purchase Details

Closed on
Sep 30, 2016
Sold by
Bartrem Bradley S
Bought by
Acme Equities Llc

Purchase Details

Closed on
Jan 12, 2012
Sold by
The Phillips Family Trust and Quinn Kelly
Bought by
Phillips Stuart Todd
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 Type Sale Price Title Company
Warranty Deed $282,000 Sterling Title Agency
Warranty Deed $282,000 Sterling Title Agency
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $128,000 Visionary Title Agency Llc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $267,900 New Conventional
Closed $267,900 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2025 09/16/25 Sold $282,000 +4.4% $189 / Sq Ft
08/25/2025 08/25/25 Pending -- -- --
08/23/2025 08/23/25 For Sale $270,000 0.0% $181 / Sq Ft
07/01/2023 07/01/23 Rented $1,250 0.0% --
06/08/2023 06/08/23 Under Contract -- -- --
05/17/2023 05/17/23 Price Changed $1,250 -7.4% $2 / Sq Ft
03/06/2023 03/06/23 For Rent $1,350 +50.0% --
12/19/2022 12/19/22 Rented $900 0.0% --
12/16/2022 12/16/22 Under Contract -- -- --
12/08/2022 12/08/22 Price Changed $900 -5.3% $1 / Sq Ft
11/29/2022 11/29/22 Price Changed $950 -5.0% $1 / Sq Ft
10/30/2022 10/30/22 Price Changed $1,000 -4.8% $2 / Sq Ft
10/17/2022 10/17/22 Price Changed $1,050 -6.7% $2 / Sq Ft
09/14/2022 09/14/22 For Rent $1,125 +21.6% --
10/10/2020 10/10/20 Rented $925 0.0% --
09/20/2020 09/20/20 Under Contract -- -- --
09/05/2020 09/05/20 For Rent $925 0.0% --
09/01/2020 09/01/20 Under Contract -- -- --
08/22/2020 08/22/20 For Rent $925 -26.0% --
03/23/2019 03/23/19 Rented $1,250 0.0% --
02/27/2019 02/27/19 Under Contract -- -- --
01/26/2019 01/26/19 For Rent $1,250 -- --
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 $3,175 $127,200 $0 $0
2024 $3,087 $127,100 $0 $0
2023 $2,972 $120,420 $0 $0
2022 $2,938 $127,970 $0 $0
2021 $2,929 $115,860 $0 $0
2020 $2,809 $114,940 $0 $0
2019 $2,828 $99,280 $0 $0
2018 $3,089 $83,910 $0 $0
2017 $2,900 $77,480 $0 $0
2016 $2,744 $64,360 $0 $0
2015 -- $55,320 $0 $0
2014 -- $29,230 $0 $0
2011 -- $38,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20251028932

Realcomp

APN: 25-34-228-003