NOT LISTED FOR SALE

555 Edgewood Place Ferndale, MI 48220

Estimated Value: $254,000 - $312,000

3 Beds
1 Bath
1,084 Sq Ft
$257/Sq Ft Est. Value

Last Sold September 26, 2022

Last sale price $254,000 $234 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,908/month

27 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • 5-minute walk to Oppenheim Park
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

Pride of homeownership throughout this amazing Ferndale gem!
The freshly painted bright walls are a great accent to the beautiful hardwood floors. Living room offers large picture window and open space to dining area. Get ready to enjoy your time in this updated kitchen with honeycomb tiled backslash, new floors and bright cabinets. Three bedrooms also have hardwood floors, bright windows and one door to the backyard. Perfect office space! The finished basement adds the extra area you may need for your office, gym, extra living room and of course storage. Privacy fenced backyard is the perfect space for your summertime BBQ's or Fall Bonfires. 2 car garage has been freshly painted with beautiful wood accents. Added perks: Dead end street, no through traffic, close to major roads for easy commute, reclaimed wood features are all over the home, waterproofing system in the basement from previous homeowner , new furnace in 2021. All this home needs is you! BATVAI

Last Agent to Sell the Property

Stacy Dyer

Real Estate One-Troy License #6501391402 Listed on: 08/05/2022

Real Estate One-Troy

Last Buyer's Agent

Lynn Stange

Real Estate One-Troy License #RCO-6501154830

Real Estate One-Troy

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1954

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00 x 125.00
  • Back Yard Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • 1,084 Sq Ft Home
  • Ranch Style House
  • Block Foundation
  • Asphalt Roof

Kitchen

  • Free-Standing Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Dryer
  • Ground Level
  • Finished Basement

Community Details

  • No Home Owners Association
  • Joseph Sowinski's Ferndale Heights Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2534402002
  • $4,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,007

Year Built

Built in 1954

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 172.00
  • Year Built: 1954
  • State Equalized Value: 89050.0000
  • Foundation Features: Drainage System
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Disposal, Dryer, Free-Standing Electric Range, Free-Standing Refrigerator
  • Total Sq Ft: 1084

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Road Frontage Type: Paved
  • Fencing: Back Yard, Fenced

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

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

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00 x 125.00
  • Parcel Number: 2534402002

Tax Info

  • Tax Amount Summer: 4844.0000
  • Tax Amount Winter: 163.0000
  • Total Tax: 5007.0000
  • Taxable Value: 89050.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Sep 26, 2022
Sold by
Melidis Alexander K
Bought by
Harris Matthew
Seller's Agent
Stacy Dyer
Real Estate One-Troy
Buyer's Agent
Lynn Stange
Real Estate One-Troy
List Price
$254,900
Sold Price
$254,000
Premium/Discount to List
-$900
-0.35%
Current Estimated Value
$278,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,611
Avg. Annual Appreciation
2.74%
Original Mortgage
$249,302
Outstanding Balance
$238,100
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$40,511

Purchase Details

Listed on
Jul 22, 2020
Closed on
Sep 4, 2020
Sold by
Beth Abraham Cemetery Association
Bought by
Melidis Alexander K
Seller's Agent
Audrey Levin
Real Estate One-Commerce
Buyer's Agent
Stacy Dyer
Real Estate One-Troy
List Price
$179,900
Sold Price
$180,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.20%
Original Mortgage
$171,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Harris Matthew $254,000 None Listed On Document
Harris Matthew $254,000 --
Melidis Alexander K $180,000 Capital Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Matthew $249,302
Previous Owner Melidis Alexander K $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2022 09/26/22 Sold $254,000 +1.6% $234 / Sq Ft
09/02/2022 09/02/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $250,000 -1.9% $231 / Sq Ft
08/05/2022 08/05/22 For Sale $254,900 +41.6% $235 / Sq Ft
09/04/2020 09/04/20 Sold $180,000 +0.1% $166 / Sq Ft View Prior Sale
07/29/2020 07/29/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $179,900 0.0% $166 / Sq Ft
02/08/2019 02/08/19 Rented $1,000 0.0% --
02/04/2019 02/04/19 Under Contract -- -- --
02/04/2019 02/04/19 For Rent $1,000 -- --
Source: Realcomp

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
2025 $5,729 $115,430 $0 $0
2024 $5,497 $115,000 $0 $0
2023 $5,346 $104,690 $0 $0
2022 $5,309 $96,990 $0 $0
2021 $5,008 $89,050 $0 $0
2020 $2,608 $78,700 $0 $0
2019 $2,582 $66,100 $0 $0
2018 $2,575 $55,090 $0 $0
2017 $2,537 $50,720 $0 $0
2016 $2,505 $43,190 $0 $0
2015 -- $37,410 $0 $0
2014 -- $32,100 $0 $0
2011 -- $50,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221025847

Realcomp

APN: 25-34-402-002

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