NOT LISTED FOR SALE

524 Pearson St Ferndale, MI 48220

Estimated Value: $263,000 - $285,000

2 Beds
2 Baths
860 Sq Ft
$319/Sq Ft Est. Value

Last Sold November 30, 2015

Last sale price $120,000 $140 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $1,758/month

51 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • No HOA
  • Enclosed Patio or Porch

About This Home

As of November 2015

HERE IS YOUR OPPORTUNITY TO BUY A CHARACTER, CRAFTSMAN STYLE RANCH HOME IN A PERFECT LOCATION, EASY WALKING DISTANCE TO DOWNTOWN FERNDALE! ENJOY LIVING ON THIS WONDERFUL TREE LINED BLOCK IN THE HEART OF THE NEIGHBORHOOD. 1920'S CHARM W/VINTAGE HARDWARE & HIGH CEILINGS. THE HOME HAS BEEN FRESHLY PAINTED ON THE 1ST FLOOR WITH NEWLY REFINISHED WOOD FLOORS IN THE LIVING ROOM, DINING ROOM & BEDROOMS. VERY ATTRACTIVE UPDATED BATHROOM WITH NEWER VANITY, LIGHTING, CERAMIC FLOORING, TUB & WALL TILE. ENJOY ENTERTAINING IN THE SPACIOUS ENCLOSED FRONT PORCH WHICH HAS BEEN NEWLY CARPETED. THE DINING ROOM FEATURES BENCH SEATING ON THE 'BUMP-OUT'. UPSTAIRS THERE IS AN UNFINISHED ATTIC OFFERING EXTRA STORAGE SPACE. THE TALL BASEMENT FEATURES A VERY HARD TO FIND (BASIC) SECOND BATHROOM, LAUNDRY AREA, GLASS BLOCK WINDOWS. THE HOME ALSO HAS SOME VINYL WINDOWS & CENTRAL AIR FOR YOUR SUMMER COMFORT. GOOD SIZED FENCED BACK YARD W/HUGE 2 CAR GARAGE. LOCATION, LOCATION, LOCATION! HURRY, THIS ONE WON'T LAST!

Last Agent to Sell the Property

Derek Pratley

RE/MAX Complete License #6501368262 Listed on: 09/08/2015

RE/MAX Complete

Last Buyer's Agent

Miriam Rhein

Temporary Inactive Users License #RCO-5201292798

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1921

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x122

Parking

  • 2 Car Detached Garage

Home Design

  • 860 Sq Ft Home
  • Ranch Style House
  • Block Foundation
  • Asphalt Roof
  • Stone Siding
  • Vinyl Construction Material

Kitchen

  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Utilities

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

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Elsinore Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534110043
  • $3,600 Seller Concession

Home Details

Home Type

Single Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 10
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Disposal, Dryer, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 860
  • Total Sq Ft: 860
  • Sq Ft Total Bsmt: 851

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Stone, Vinyl, Wood
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch - Enclosed
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 1135454.5455
  • Lot Size Area: 0.11
  • Lot Dimensions: 40X122
  • Parcel Number: 2534110043

Tax Info

  • Tax Amount Summer: 3208.0000
  • Tax Amount Winter: 76.0000
  • Total Tax: 3284.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2015
Closed on
Nov 30, 2015
Sold by
Sell Derek and Sell Rebecca
Bought by
Lambie Marshall and Hussein Nour
Seller's Agent
Derek Pratley
RE/MAX Complete
Buyer's Agent
Miriam Rhein
Temporary Inactive Users
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%
Current Estimated Value
$274,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,665
Avg. Annual Appreciation
8.78%
Original Mortgage
$114,000
Outstanding Balance
$89,792
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$184,873

Purchase Details

Closed on
Mar 5, 2004
Sold by
Szmania Cynthia R and Szmania Dennis R
Bought by
Sell Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,800
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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
Lambie Marshall $120,000 Title One Inc
Sell Derek $121,000 Cornerstone Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lambie Marshall $114,000
Previous Owner Sell Derek $96,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2015 11/30/15 Sold $120,000 -14.2% $140 / Sq Ft
10/29/2015 10/29/15 Pending -- -- --
09/08/2015 09/08/15 For Sale $139,900 0.0% $163 / Sq Ft
07/19/2012 07/19/12 Rented $1,000 -4.8% --
07/11/2012 07/11/12 Under Contract -- -- --
07/03/2012 07/03/12 For Rent $1,050 -- --
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 $3,625 $127,580 $0 $0
2023 $3,523 $119,500 $0 $0
2022 $3,541 $110,080 $0 $0
2021 $3,563 $101,360 $0 $0
2020 $3,376 $97,180 $0 $0
2019 $3,431 $87,320 $0 $0
2018 $3,444 $77,030 $0 $0
2017 $3,400 $75,140 $0 $0
2016 $3,359 $57,310 $0 $0
2015 -- $53,700 $0 $0
2014 -- $46,390 $0 $0
2011 -- $46,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Derek Pratley

    RE/MAX

    (248) 721-9980

    2 in this area

    12 Total Sales

    Derek Pratley
    Section Image

  • M

    Buyer's Agent in 2015

    Miriam Rhein

    Temporary Inactive Users

    Section Image
  • Kelly Finley

    Seller's Agent in 2012

    Kelly Finley

    New Century REALTORS®

    (248) 808-2525

    2 in this area

    173 Total Sales

    Kelly Finley
    Section Image
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Map

Source: Realcomp

MLS Number: 215096692

Realcomp

APN: 25-34-110-043

Michigan Oakland County Ferndale 48220

524 Pearson St, Ferndale, MI

This home is located at 524 Pearson St, Ferndale, MI 48220 since 08 September 2015 and is currently estimated at $274,665, approximately $319 per square foot. This property was built in 1921. 524 Pearson 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.

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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