NOT LISTED FOR SALE

524 W Troy St Ferndale, MI 48220

Estimated Value: $347,000 - $411,000

3 Beds
4 Baths
1,446 Sq Ft
$260/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $285,000 $197 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,824/month

60 Days on Market

Highlights

  • Enclosed patio or porch
  • High Speed Internet
  • Fenced
  • Forced Air Heating and Cooling System

About This Home

As of August 2020

Charming multi family with covered front porch in the heart of Ferndale. Entry level unit has 2 bedrooms, 1 full bath ,spacious living room with natural fireplace & kitchen with sunny breakfast nook. Second floor unit offers 1 bedroom with a walk in closet, large living area, hardwood floors, updated bathroom & newer appliances. Basement includes laundry area with separate washer & dryers, Individual unit storage lockers & plenty of room for additional storage. Fenced backyard with ample amounts of off street parking.Lower unit lease valid til September & Upper unit til August

Last Agent to Sell the Property

Kellie Aiken

Max Broock, REALTORS®-Birmingham License #6501368742 Listed on: 06/10/2020

Max Broock, REALTORS®-Birmingham

Last Buyer's Agent

Lindsay Gorman

Nika & Co License #RCO-6501406255

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 47.00x114.00
  • Fenced

Home Design

  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,446 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Parking

  • 5 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2534102025

Community Details

Overview

  • 2 Units
  • Tennyson Park Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,995

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 1 1/2 Story
  • Assessment: 286
  • Year Built: 1925
  • State Equalized Value: 100900.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1446
  • Total Sq Ft: 1446
  • Sq Ft Total Bsmt: 750

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Vinyl
  • Exterior Features: Fenced, Outside Lighting
  • Foundation Materials: Block
  • Frontage Feet: 47
  • Porch Type: Porch - Enclosed
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street
  • Total Parking Spaces: 5

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Separate Meter, Window Unit(s)
  • Heating: Forced Air
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 2491666.6667
  • Lot Size Area: 0.12
  • Lot Dimensions: 47.00X114.00
  • Parcel Number: 2534102025
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 25550

Tax Info

  • Tax Amount Summer: 6835.0000
  • Tax Amount Winter: 160.0000
  • Total Tax: 6995.0000
  • Taxable Value: 93030.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2024
Sold by
Herlihy David A
Bought by
Transcendent Housing 524 Llc
Total Days on Market
60
Current Estimated Value
$375,660

Purchase Details

Listed on
Jun 10, 2020
Closed on
Aug 3, 2020
Sold by
Westrate Brian
Bought by
Herlihy David A
Seller's Agent
Kellie Aiken
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Lindsay Gorman
Nika & Co
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%
Original Mortgage
$271,000
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 16, 2016
Closed on
May 26, 2016
Sold by
Gogonis Julian and Gogonis Erika
Bought by
Westrate Brian
Seller's Agent
Judy Palmer
RE/MAX Showcase Homes
Buyer's Agent
Kellie Aiken
Max Broock, REALTORS®-Birmingham
List Price
$199,850
Sold Price
$184,000
Premium/Discount to List
-$15,850
-7.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.01%

Purchase Details

Closed on
Sep 1, 2000
Sold by
Morey Michael
Bought by
Caverly James A
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
Transcendent Housing 524 Llc -- None Listed On Document
Herlihy David A $285,000 Capital Title Ins Agcy Inc
Westrate Brian $184,000 Partners Title Agency Llc
Caverly James A $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herlihy David Aaron $271,000
Previous Owner Gogonis Julian $150,400
Previous Owner Gogonis Julian $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2020 08/10/20 Sold $285,000 -4.7% $197 / Sq Ft
06/10/2020 06/10/20 For Sale $299,000 +62.5% $207 / Sq Ft
06/03/2016 06/03/16 Sold $184,000 -7.9% $127 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $199,850 -- $138 / 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 $8,596 $156,410 $0 $0
2023 $8,319 $144,750 $0 $0
2022 $8,423 $131,790 $0 $0
2021 $8,275 $120,100 $0 $0
2020 $6,946 $113,840 $0 $0
2019 $6,998 $100,900 $0 $0
2018 $6,976 $90,850 $0 $0
2017 $6,876 $89,010 $0 $0
2016 $4,897 $83,740 $0 $0
2015 -- $78,520 $0 $0
2014 -- $67,110 $0 $0
2011 -- $63,540 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kellie Aiken

    Seller's Agent in 2020

    Kellie Aiken

    Max Broock, REALTORS®-Birmingham

    (248) 786-1777

    4 in this area

    81 Total Sales

    Kellie Aiken
    Section Image
  • Lindsay Gorman

    Buyer's Agent in 2020

    Lindsay Gorman

    Nika & Co

    (313) 310-0042

    6 in this area

    154 Total Sales

    Lindsay Gorman
    Section Image
  • Judy Palmer

    Seller's Agent in 2016

    Judy Palmer

    RE/MAX

    (248) 568-0338

    25 in this area

    104 Total Sales

    Judy Palmer
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2200042313

Realcomp

APN: 25-34-102-025

Michigan Oakland County Ferndale 48220

524 W Troy St, Ferndale, MI

This home is located at 524 W Troy St, Ferndale, MI 48220 since 10 June 2020 and is currently estimated at $375,660, approximately $259 per square foot. This property was built in 1925. 524 W Troy 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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