NOT LISTED FOR SALE

525 Spencer St Ferndale, MI 48220

Estimated Value: $240,000 - $260,631

2 Beds
1 Bath
1,050 Sq Ft
$239/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $216,000 $206 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,756/month

5 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Gas Fireplace
  • Porch
  • Forced Air Heating and Cooling System

About This Home

As of September 2021

Peaceful, elegant light-filled bungalow just steps from downtown Ferndale will welcome you with its charming yet eclectic design. Upstairs bedroom is a spacious retreat. Fabulous open floor plan makes this home live large. Large front porch excellent for entertaining. This home is truly special. Enjoy a completely turnkey home for an amazing deal. Wont last long!

Last Agent to Sell the Property

Brandon Curry

Signature Sotheby's International Realty Bham License #6501388008 Listed on: 06/25/2021

Signature Sotheby's International Realty Bham

Last Buyer's Agent

Jim Shaffer

Good Company License #RCO-6502380733

Good Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1924 | Remodeled in 2021

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,050 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Unfinished Basement

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Porch
  • Lot Dimensions are 35x118x35x118
  • Ground Level

Community Details

  • No Home Owners Association
  • Hugo Scherer's Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2535306041

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,779

Year Built

Built in 1924 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 77820.0000
  • Year Renovated: 2021
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Room Count: 7
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 1050
  • Total Sq Ft: 1050
  • Sq Ft Total Bsmt: 650

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: No Garage

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)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • Homestead: Yes
  • Lot Dimensions: 35x118x35x118
  • Parcel Number: 2535306041

Tax Info

  • Tax Amount Summer: 3650.0000
  • Tax Amount Winter: 129.0000
  • Total Tax: 3779.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Sep 9, 2021
Sold by
Mosser Brent and Mosser Juliann
Bought by
Tenwolds Jenna and Tenwolds Konrad
Seller's Agent
Brandon Curry
Signature Sotheby's International Realty Bham
Buyer's Agent
Jim Shaffer
Good Company
List Price
$225,000
Sold Price
$216,000
Premium/Discount to List
-$9,000
-4%
Current Estimated Value
$250,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,908
Avg. Annual Appreciation
3.67%
Original Mortgage
$10,000
Outstanding Balance
$9,208
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$240,241

Purchase Details

Listed on
Sep 23, 2016
Closed on
Oct 26, 2016
Sold by
Rotger Christene Marie
Bought by
Mosser Brent and Mosser Juliann
Seller's Agent
Michelle Lichty Bueche
Signature Sotheby's International Realty Bham
Buyer's Agent
Joseph Delia
Keller Williams Paint Creek
List Price
$145,000
Sold Price
$149,500
Premium/Discount to List
$4,500
3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$146,791
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 11, 2016
Closed on
Apr 29, 2016
Sold by
Dorothy M Stuart Trust and Stuart Paul W
Bought by
Rotgerr Christene Marie
Seller's Agent
Allen C. Dowty
RE/MAX Partners
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$94,900
Sold Price
$85,000
Premium/Discount to List
-$9,900
-10.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
216.56%

Purchase Details

Closed on
Sep 26, 2003
Sold by
Stuart Dorothy M and Stuart Willard H
Bought by
Stuart Dorothy M and Dorothy M Stuart Trust
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
Tenwolds Jenna $216,000 Interstate Title Inc
Mosser Brent $149,500 None Available
Rotgerr Christene Marie $85,000 Partners Title Agency Llc
Stuart Dorothy M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tenwolds Jenna $10,000
Open Tenwolds Jenna $212,087
Closed Tenwolde Jenna $212,087
Closed Tenwolde Jenna $10,000
Previous Owner Mosser Brent $146,791
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $216,000 +2.9% $206 / Sq Ft
07/16/2021 07/16/21 Price Changed $210,000 -2.3% $200 / Sq Ft
07/08/2021 07/08/21 Price Changed $215,000 -4.4% $205 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $225,000 +50.5% $214 / Sq Ft
10/26/2016 10/26/16 Sold $149,500 +3.1% $142 / Sq Ft
10/01/2016 10/01/16 Pending -- -- --
09/23/2016 09/23/16 For Sale $145,000 +70.6% $138 / Sq Ft
04/29/2016 04/29/16 Sold $85,000 -10.4% $82 / Sq Ft
04/17/2016 04/17/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $94,900 -- $92 / 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 $4,782 $101,270 $0 $0
2023 $4,650 $96,090 $0 $0
2022 $4,679 $86,270 $0 $0
2021 $4,071 $82,270 $0 $0
2020 $3,857 $77,820 $0 $0
2019 $3,920 $72,890 $0 $0
2018 $3,935 $67,880 $0 $0
2017 $3,941 $67,500 $0 $0
2016 $1,576 $47,930 $0 $0
2015 -- $43,990 $0 $0
2014 -- $38,310 $0 $0
2011 -- $32,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210049947

Realcomp

APN: 25-35-306-041