NOT LISTED FOR SALE

551 Spencer St Ferndale, MI 48220

Estimated Value: $212,000 - $246,000

2 Beds
1 Bath
740 Sq Ft
$308/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $200,000 $270 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,603/month

27 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Security System Owned
  • No HOA
  • 1.5 Car Detached Garage
  • Awning

About This Home

As of April 2021

Welcome to this spacious light filled home in Fashionable Ferndale! This extremely clean and updated ranch is practically like new from top to bottom. Features include a New kitchen, New bath, New roof, New AC and Water heater, waterproofed basement, newer appliances, new copper plumbing, new sewer line, refinished hardwood floors and maintenance free vinyl siding and windows. The enclosed front porch is the perfect place to set and enjoy a cup of coffee and read your favorite book. The property also has a large fenced yard with a 1.5 car garage. All this and still within walking distance to the hub of Ferndale and at a cost much less than renting. Welcome home! See doc's for complete list of updates

Last Agent to Sell the Property

Scott Wright

KW Metro License #6501370382 Listed on: 03/12/2021

KW Metro

Last Buyer's Agent

Stephanie Kort

EXP Realty License #RCO-6501407773

EXP Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1941 | Remodeled in 2018

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x118.47
  • Fenced

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 740 Sq Ft Home
  • Ceiling Fan
  • Awning
  • Unfinished Basement
  • Sump Pump
  • Security System Owned

Kitchen

  • Built-In Gas Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1.5 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

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

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 2535306043

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,146

Year Built

Built in 1941 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1941
  • State Equalized Value: 75000.0000
  • Year Renovated: 2018
  • Foundation Features: Drainage System | Sump Pump
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Humidifier, Security Alarm (owned)
  • Room Count: 7
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Built-In Gas Range, Disposal, Dryer, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 740
  • Total Sq Ft: 740
  • Sq Ft Total Bsmt: 740

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exclusions: Yes
  • Exterior Features: Awning/Overhang(s), Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 1.5 Car
  • Garage Features: Electricity, Door Opener, Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35X118.47
  • Parcel Number: 2535306043

Tax Info

  • Tax Amount Summer: 2098.0000
  • Tax Amount Winter: 48.0000
  • Total Tax: 2146.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
Apr 21, 2021
Sold by
Iezzi Richard
Bought by
Johnson Margaret
Seller's Agent
Scott Wright
KW Metro
Buyer's Agent
Stephanie Kort
EXP Realty
List Price
$189,900
Sold Price
$200,000
Premium/Discount to List
$10,100
5.32%
Current Estimated Value
$227,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,862
Avg. Annual Appreciation
1.93%
Original Mortgage
$190,000
Outstanding Balance
$174,006
Interest Rate
3.1%
Mortgage Type
Unknown
Estimated Equity
$43,445

Purchase Details

Listed on
Apr 19, 2015
Closed on
May 19, 2015
Sold by
Bolda Courtney A
Bought by
Iezzi Richard
Seller's Agent
Scott Wright
KW Metro
Buyer's Agent
Scott Wright
KW Metro
List Price
$84,000
Sold Price
$75,800
Premium/Discount to List
-$8,200
-9.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.91%

Purchase Details

Closed on
Mar 4, 1999
Sold by
Thomas Greg
Bought by
Bolda Courtney A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,900
Interest Rate
6.94%

Purchase Details

Closed on
Sep 24, 1998
Sold by
Renshaw Janice M
Bought by
Thomas Greg
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
Johnson Margaret $200,000 None Available
Iezzi Richard $75,800 Title One Inc
Bolda Courtney A $79,900 --
Thomas Greg $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Margaret E $190,000
Previous Owner Iezzi Richard $83,000
Previous Owner Jezzi Richard $84,435
Previous Owner Fiezzi Richard $92,000
Previous Owner Bolda Courtney A $63,000
Previous Owner Bolda Courtney A $72,170
Previous Owner Bolda Courtney A $74,100
Previous Owner Bolda Courtney A $13,900
Previous Owner Bolda Courtney A $75,900
Closed Thomas Greg --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2021 04/21/21 Sold $200,000 +5.3% $270 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
03/21/2021 03/21/21 For Sale $189,900 0.0% $257 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $189,900 +150.5% $257 / Sq Ft
06/01/2015 06/01/15 Sold $75,800 -9.8% $102 / Sq Ft
04/19/2015 04/19/15 Pending -- -- --
04/19/2015 04/19/15 For Sale $84,000 -- $114 / 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 $4,455 $89,810 $0 $0
2023 $4,331 $90,590 $0 $0
2022 $4,357 $80,120 $0 $0
2021 $2,561 $74,390 $0 $0
2020 $2,429 $71,010 $0 $0
2019 $2,468 $60,400 $0 $0
2018 $2,477 $50,660 $0 $0
2017 $2,446 $47,690 $0 $0
2016 $2,413 $40,400 $0 $0
2015 -- $31,440 $0 $0
2014 -- $27,330 $0 $0
2011 -- $31,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210013000

Realcomp

APN: 25-35-306-043