NOT LISTED FOR SALE

540 Spencer St Ferndale, MI 48220

Estimated Value: $210,000 - $245,000

2 Beds
1 Bath
857 Sq Ft
$261/Sq Ft Est. Value

Last Sold May 22, 2019

Last sale price $175,500 $205 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,557/month

8 Days on Market

Highlights

  • Contemporary Architecture
  • Enclosed Patio or Porch
  • Forced Air Heating System
  • No HOA
  • 1 Car Detached Garage
  • Fenced

About This Home

As of May 2019

Ferndale's Hugo Scherer's Sub | 875 sqft | 2 bedroom | 1 bath | 1 Car Garage | Built in 1923. The perfect place to call home in one of the hottest markets in Metro Detroit – Ferndale! Built in 1923, this rare home is celebrating nearly 100 years. Lovingly maintained and restored inside of 857 square feet this newly decorated 2 bedroom, 1 full bath home boasts newly finished hardwood floors, original woodwork, knobs & handles, updated kitchen, new electrical, new plumbing, upper outdoor patio, new roof and much more! Walk or bike to your favorite restaurants, shops and schools, this is one you won’t want to miss!

Last Agent to Sell the Property

Jason Hill

Historic Realty Detroit License #6504385978 Listed on: 04/01/2019

Last Buyer's Agent

Sharon Collins

Real Estate One-W Blmfld License #6501222738

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1923 | Remodeled in 2018

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35.00x110.00
  • Fenced
  • Historic Home

Parking

  • 1 Car Detached Garage

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 857 Sq Ft Home
  • 2-Story Property
  • Disposal
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 2535351009

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,308

Year Built

Built in 1923 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Contemporary, Historic
  • Architecture Level: 2 Story
  • Year Built: 1923
  • Year Renovated: 2018
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Room Count: 8
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Disposal, Dryer, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 857
  • Total Sq Ft: 857
  • Sq Ft Total Bsmt: 439

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Patio, Porch - Covered, Porch - Enclosed
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 2021111.1111
  • Lot Size Area: 0.09
  • Lot Dimensions: 35.00X110.00
  • Parcel Number: 2535351009

Tax Info

  • Tax Amount Summer: 2257.0000
  • Tax Amount Winter: 51.0000
  • Total Tax: 2308.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
May 22, 2019
Sold by
Elliott Dean and Elliott Kelly
Bought by
Schneider Emily D
Seller's Agent
Jason Hill
Historic Realty Detroit
Buyer's Agent
Sharon Collins
Real Estate One-W Blmfld
List Price
$181,900
Sold Price
$175,500
Premium/Discount to List
-$6,400
-3.52%
Current Estimated Value
$223,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,850
Avg. Annual Appreciation
3.38%
Original Mortgage
$156,715
Outstanding Balance
$139,209
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$77,229

Purchase Details

Closed on
Mar 22, 2018
Sold by
Elhort Dean and Elhort Kelly
Bought by
Elhort Dean and Elhort Kelly

Purchase Details

Closed on
Jul 6, 2010
Sold by
Elliott Dean
Bought by
Elliott Dean and Elliott Kelly

Purchase Details

Closed on
Feb 18, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 3, 2009
Sold by
Cass Nicole
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Mar 3, 2003
Sold by
Kuzniar Michael P
Bought by
Cass Nicole
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
Schneider Emily D $175,500 Liberty Title
Elhort Dean -- None Available
Elliott Dean -- None Available
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $120,882 None Available
Cass Nicole $95,000 Titlesource
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schneider Emily D $15,000
Open Schneider Emily D $156,715
Previous Owner Elliott Dean $13,700
Previous Owner Cass Nicole $112,000
Previous Owner Cass Nicole $14,000
Previous Owner Cass Nicole $100,000
Previous Owner Cass Nicole $18,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2019 05/22/19 Sold $175,500 -3.5% $205 / Sq Ft
04/09/2019 04/09/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $181,900 -- $212 / 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 $4,202 $90,670 $0 $0
2023 $3,935 $88,190 $0 $0
2022 $3,957 $78,020 $0 $0
2021 $3,981 $72,490 $0 $0
2020 $3,772 $69,190 $0 $0
2019 $1,774 $49,130 $0 $0
2018 $2,308 $43,740 $0 $0
2017 $2,275 $41,310 $0 $0
2016 $2,244 $35,190 $0 $0
2015 -- $31,990 $0 $0
2014 -- $27,740 $0 $0
2011 -- $33,060 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Hill

    Seller's Agent in 2019

    Jason Hill

    Historic Realty Detroit

    (313) 220-4820

    114 Total Sales

    Jason Hill
    Section Image

  • S

    Buyer's Agent in 2019

    Sharon Collins

    Real Estate One-W Blmfld

    Section Image
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Map

Source: Realcomp

MLS Number: 219028334

Realcomp

APN: 25-35-351-009

Michigan Oakland County Ferndale 48220

540 Spencer St, Ferndale, MI

This home is located at 540 Spencer St, Ferndale, MI 48220 since 01 April 2019 and is currently estimated at $223,350, approximately $260 per square foot. This property was built in 1923. 540 Spencer St is a home located in Oakland County with nearby schools including Ferndale Lower Elementary Campus, Ferndale Upper Elementary Campus, and Ferndale Middle School.

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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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