NOT LISTED FOR SALE

524 Academy St Ferndale, MI 48220

Estimated Value: $295,000 - $330,000

3 Beds
2 Baths
1,554 Sq Ft
$199/Sq Ft Est. Value

Last Sold February 04, 2019

Last sale price $173,750 $112 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,931/month

42 Days on Market

Highlights

  • Balcony
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of February 2019

Excellent living opportunity in this classic 1920's duplex near downtown Ferndale. The 1st floor unit is a 2BR flat and the 2nd floor unit is a 1BR flat. Both units have vintage hardwood floors, large living rooms (lower unit has a decorative fireplace), large formal dining rooms, bright updated kitchens, and lots of storage space. Tenants share access to the basement with a washer/dryer (not coin operated!) and additional storage space. The units have separate heat & electrical. Enjoy the large, fenced-in yard that backs up to a Ferndale city park. Both apartments are dog friendly, owner approval is required.

Last Agent to Sell the Property

Ashley Mann

@properties Christie's Int'l R.E. Birmingham License #6501366015 Listed on: 12/03/2018

@properties Christie's Int'l R.E. Birmingham

Last Buyer's Agent

Tim Holden

ERA Prime Real Estate Group License #6506048457

ERA Prime Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00x129.00

Home Design

  • 1,554 Sq Ft Home
  • Block Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 2534231013

Community Details

Overview

  • 2 Units
  • The Little Farms Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,037

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Assessment: 283
  • Year Built: 1926
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: High Spd Internet Avail
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1554

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Porch Type: Balcony
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 1541666.6667
  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00X129.00
  • Parcel Number: 2534231013
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 950

Tax Info

  • Tax Amount Summer: 2973.0000
  • Tax Amount Winter: 64.0000
  • Total Tax: 3037.0000

Multi Family

  • Gross Scheduled Income: 11400.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2018
Closed on
Feb 4, 2019
Sold by
Pierobon Marco and Pierobon Luciano
Bought by
Holmes Services Llc
Seller's Agent
Ashley Mann
@properties Christie's Int'l R.E. Birmingham
Buyer's Agent
Tim Holden
ERA Prime Real Estate Group
List Price
$185,000
Sold Price
$173,750
Premium/Discount to List
-$11,250
-6.08%
Current Estimated Value
$308,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,836
Avg. Annual Appreciation
8.71%
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
Holmes Services Llc $173,750 Title One Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/28/2025 01/28/25 For Rent $1,350 0.0% --
01/13/2025 01/13/25 For Rent -- -- --
01/06/2025 01/06/25 For Rent $1,350 0.0% --
02/04/2019 02/04/19 Sold $173,750 -6.1% $112 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
12/03/2018 12/03/18 For Sale $185,000 -- $119 / 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 $10,426 $152,820 $0 $0
2023 $10,079 $150,110 $0 $0
2022 $9,999 $142,640 $0 $0
2021 $10,188 $136,210 $0 $0
2020 $9,533 $131,620 $0 $0
2019 $3,049 $84,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218115289

Realcomp

APN: 25-34-231-013