Seller's Agent in 2024
James Silver
Keller Williams Somerset
(248) 417-9617
12 in this area
374 Total Sales
541 Pearson St Ferndale, MI 48220
Estimated Value: $290,000 - $339,000
4
Beds
2
Baths
1,354
Sq Ft
$235/Sq Ft
Est. Value
About This Home
As of January 2024Rare opportunity! Turn key income producing property in thriving downtown location! Only a few minutes walk to shopping, nightlife, restaurants, entertainment, and more! Near major expressways and famous Woodward Ave! Lower unit features hardwood floors, neutral paint throughout, a fantastic kitchen, spacious living room, and applications are currently being reviewed for $1295/mo. rate. Upper unit is currently rented at $995/mo. until Nov. 2024. Full basement includes a newer furnace and hot water tank. Appliances included. Tenants pay utilities, Electric has separate meters, gas/water is shared. Landlord owns stove/fridge in both units and washer and dryer in basement. Rental Certified through 9/6/25.
Last Agent to Sell the Property
Keller Williams Somerset License #6501302927 Listed on: 11/20/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1923
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40x122
Home Design
- Block Foundation
Interior Spaces
- 2 Full Bathrooms
- 1,354 Sq Ft Home
- 1.5-Story Property
- Unfinished Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 2534152018
- $5,000 Seller Concession
Community Details
Overview
- 2 Units
- Elsinore Sub Subdivision
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2023
Closed on
Jan 22, 2024
Sold by
Dinverno Alfred
Bought by
Pierce Travis
Seller's Agent
James Silver
Keller Williams Somerset
Buyer's Agent
Jolene Jacobs
Good Company
List Price
$289,000
Sold Price
$281,500
Premium/Discount to List
-$7,500
-2.6%
Views
111
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,879
Avg. Annual Appreciation
7.42%
Original Mortgage
$211,125
Outstanding Balance
$207,430
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$110,949
Purchase Details
Closed on
Feb 19, 2008
Sold by
Foster Cristine
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Jan 21, 2000
Sold by
Aryss Kira
Bought by
Foster Cristine
Purchase Details
Closed on
May 24, 1996
Sold by
Eby Anita M
Bought by
Aryss Kira
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.97%
Purchase Details
Closed on
Feb 27, 1996
Sold by
White Jack and White Burton
Bought by
Eby Anita M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pierce Travis | $281,500 | None Listed On Document | |
| Pierce Travis | $281,500 | None Listed On Document | |
| Pierce Travis | $281,500 | None Listed On Document | |
| Federal National Mortgage Association | $135,654 | None Available | |
| Foster Cristine | $80,000 | -- | |
| Aryss Kira | $80,000 | -- | |
| Eby Anita M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pierce Travis | $211,125 | |
| Closed | Pierce Travis | $211,125 | |
| Previous Owner | Aryss Kira | $56,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2024 01/22/24 | Sold | $281,500 | +0.6% | $208 / Sq Ft |
| 01/03/2024 01/03/24 | Pending | -- | -- | -- |
| 12/19/2023 12/19/23 | Price Changed | $279,900 | -1.8% | $207 / Sq Ft |
| 11/28/2023 11/28/23 | Price Changed | $284,900 | -1.4% | $210 / Sq Ft |
| 11/20/2023 11/20/23 | For Sale | $289,000 | 0.0% | $213 / Sq Ft |
| 11/10/2022 11/10/22 | Rented | $995 | 0.0% | -- |
| 10/25/2022 10/25/22 | Price Changed | $995 | -9.5% | $1 / Sq Ft |
| 09/30/2022 09/30/22 | For Rent | $1,099 | +10.5% | -- |
| 10/27/2021 10/27/21 | Rented | $995 | 0.0% | -- |
| 10/25/2021 10/25/21 | Price Changed | $995 | -7.0% | $1 / Sq Ft |
| 10/20/2021 10/20/21 | Price Changed | $1,070 | -2.3% | $2 / Sq Ft |
| 08/21/2021 08/21/21 | For Rent | $1,095 | +19.0% | -- |
| 01/19/2018 01/19/18 | Rented | $920 | 0.0% | -- |
| 01/10/2018 01/10/18 | Price Changed | $920 | -2.6% | $1 / Sq Ft |
| 11/29/2017 11/29/17 | For Rent | $945 | +2.2% | -- |
| 11/22/2015 11/22/15 | Rented | $925 | -7.0% | -- |
| 11/21/2015 11/21/15 | Under Contract | -- | -- | -- |
| 09/30/2015 09/30/15 | For Rent | $995 | +25.2% | -- |
| 08/19/2015 08/19/15 | Rented | $795 | 0.0% | -- |
| 08/17/2015 08/17/15 | Under Contract | -- | -- | -- |
| 07/31/2015 07/31/15 | For Rent | $795 | 0.0% | -- |
| 09/15/2014 09/15/14 | Rented | $795 | 0.0% | -- |
| 09/13/2014 09/13/14 | Under Contract | -- | -- | -- |
| 09/02/2014 09/02/14 | For Rent | $795 | +9.7% | -- |
| 01/28/2014 01/28/14 | Rented | $725 | -8.8% | -- |
| 01/27/2014 01/27/14 | Under Contract | -- | -- | -- |
| 01/03/2014 01/03/14 | For Rent | $795 | +14.4% | -- |
| 01/14/2013 01/14/13 | Rented | $695 | -7.3% | -- |
| 01/14/2013 01/14/13 | Under Contract | -- | -- | -- |
| 11/26/2012 11/26/12 | For Rent | $750 | 0.0% | -- |
| 10/16/2012 10/16/12 | Rented | $750 | -6.3% | -- |
| 10/16/2012 10/16/12 | Under Contract | -- | -- | -- |
| 09/12/2012 09/12/12 | For Rent | $800 | +2.6% | -- |
| 06/07/2012 06/07/12 | Rented | $780 | 0.0% | -- |
| 03/26/2012 03/26/12 | Under Contract | -- | -- | -- |
| 03/16/2012 03/16/12 | For Rent | $780 | -- | -- |
Source: Realcomp
Tax History Compared to Growth
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 | $3,907 | $134,040 | $0 | $0 |
| 2023 | $3,774 | $124,040 | $0 | $0 |
| 2022 | $3,741 | $112,890 | $0 | $0 |
| 2021 | $3,729 | $102,690 | $0 | $0 |
| 2020 | $3,659 | $95,880 | $0 | $0 |
| 2019 | $3,596 | $84,990 | $0 | $0 |
| 2018 | $3,584 | $76,120 | $0 | $0 |
| 2017 | $3,533 | $74,530 | $0 | $0 |
| 2016 | $3,492 | $70,070 | $0 | $0 |
| 2015 | -- | $65,720 | $0 | $0 |
| 2014 | -- | $56,330 | $0 | $0 |
| 2011 | -- | $54,010 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
James Silver
-
Jolene Jacobs
Buyer's Agent in 2024
Jolene Jacobs
Good Company
(248) 212-7493
25 in this area
359 Total Sales
-
Tina Vivian
T
Buyer's Agent in 2022
Tina Vivian
Keller Williams Somerset
(586) 212-0575
23 Total Sales
Map
Source: Realcomp
MLS Number: 20230096636
APN: 25-34-152-018
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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