NOT LISTED FOR SALE

550 Spencer St Ferndale, MI 48220

Estimated Value: $171,000 - $188,000

2 Beds
1 Bath
686 Sq Ft
$263/Sq Ft Est. Value

About This Home

This home is located at 550 Spencer St, Ferndale, MI 48220 and is currently estimated at $180,134, approximately $262 per square foot. 550 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2021
Sold by
Mark Lichocki
Bought by
Mad Properties Llc
Current Estimated Value
$180,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Outstanding Balance
$119,807
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$51,835

Purchase Details

Closed on
Jun 23, 2021
Sold by
Chapman Deborah and Hahn Deborah A
Bought by
Lichocki Mark Thomas and Hahn Dalton Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2006
Sold by
Jacklich Joel and Jacklich Judy Chandler
Bought by
Hahn Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,945
Interest Rate
6.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 2006
Sold by
Jacklich Joel
Bought by
Joel & Judy Chandler Jacklich Revocable

Purchase Details

Closed on
Apr 14, 2006
Sold by
Jacklich Joel and Estate Of Valaria Jacklich
Bought by
Jacklich Joel
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Mad Properties Llc -- None Listed On Document
Lichocki Mark Thomas $125,000 Vanguard Title Company
Hahn Deborah A $70,500 Multiple
Joel & Judy Chandler Jacklich Revocable -- None Available
Jacklich Joel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hahn Dalton Gregory $127,500
Previous Owner Lichocki Mark Thomas $100,000
Previous Owner Hahn Deborah Ann $86,275
Previous Owner Hahn Deborah A $69,945
Source: Public Records

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 $4,668 $70,080 $0 $0
2023 $4,401 $68,100 $0 $0
2022 $4,989 $59,530 $0 $0
2021 $1,520 $55,480 $0 $0
2020 $1,444 $51,110 $0 $0
2019 $1,466 $42,660 $0 $0
2018 $1,470 $35,440 $0 $0
2017 $1,452 $33,340 $0 $0
2016 $1,428 $28,270 $0 $0
2015 -- $25,640 $0 $0
2014 -- $22,400 $0 $0
2011 -- $29,220 $0 $0
Source: Public Records

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