NOT LISTED FOR SALE

555 W Breckenridge St Ferndale, MI 48220

Ferndale Area

Estimated Value: $474,000 - $570,176

4 Beds
2 Baths
2,248 Sq Ft
$233/Sq Ft Est. Value

Sale Details

Date Sold: November 4, 2024

Last sale price $438,000 $195 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,910 / mo

39 Days on Market

About This Home

As of November 2024

Welcome to this charming, fully furnished duplex in the heart of Ferndale, offering a fantastic investment opportunity! With two updated two-bedroom, one-bath units, this property is ideal for anyone looking for a turnkey Airbnb, mid- or long-term rental, or a house hack where you can live in one unit and rent out the other. Both units have been thoughtfully updated with remodeled kitchens, new windows, stylish light fixtures, new flooring, and brand-new appliances throughout. Each unit features its own HVAC system, electrical panel, and an enclosed balcony, providing private outdoor space for tenants. The home has also received significant upgrades, including a new roof within the last five years. Located within walking distance to downtown Ferndale and already city-approved as a turnkey Airbnb, long term AND short term rental. This property is perfect for investors, having previously ranked in the top 1% on Airbnb in the area. Don’t miss out on this incredible opportunity! Welcome Home!

Last Agent to Sell the Property

Jim Shaffer

Good Company License #6502380733 Listed on: 09/17/2024

Good Company

Last Buyer's Agent

Christian Purchiss

Berkshire Hathaway HomeServices The Loft Warehouse License #6501414845

Berkshire Hathaway HomeServices The Loft Warehouse

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941 | Remodeled in 2019

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 143

Parking

  • Garage

Home Design

  • 2,248 Sq Ft Home
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Additional Features

  • Exterior Lighting
  • Ground Level
  • Basement

Community Details

  • Woodward Heights Sub Ferndale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2527354005
  • $696 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1941 | Remodeled in 2019

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1941
  • State Equalized Value: 246840.00
  • Year Renovated: 2019
  • Entry Location: GroundLevelwSteps
  • Property Sub Type: SingleFamilyResidence
  • LotSizeAcres: 0.16
  • Co List Office Mls Id: 425403
  • Above Grade Finished Sq Ft: 2248.00
  • Living Area: 2248.00
  • ClassName: Residential
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Poured
  • Construction Materials: Brick, VinylSiding
  • Exterior Features: Lighting
  • Road Frontage Type: Paved
  • Disclosures: TaxesHomesteadExempt
  • Home Warranty: No
  • Roof: Asphalt

Garage/Parking

  • Garage: Yes

Utilities

  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Heater Fuel: NaturalGas
  • Water Source: Public

Schools

  • Junior High Dist: Ferndale

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 50 x 143
  • Parcel Number: 2527354005

Tax Info

  • Tax Amount Summer: 17082.00
  • Tax Amount Winter: 247.00
  • Tax Annual Amount: 17329.00
  • Tax Other Annual Assessment Amount: 696.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Nov 1, 2024
Sold by
Bought by
Seller's Agent
Jim Shaffer
Good Company
Buyer's Agent
Christian Purchiss
Berkshire Hathaway HomeServices The Loft Warehouse
List Price
$469,900
Sold Price
$438,000
Premium/Discount to List
-$31,900
-6.79%
Views
12
Current Estimated Value
$523,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,544
Avg. Annual Appreciation
10.48%
Original Mortgage
$408,500
Outstanding Balance
$400,154
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$123,390

Purchase Details

Listed on
Apr 20, 2023
Closed on
May 26, 2023
Sold by
Bought by
Seller's Agent
Nicole Aloe
@properties Christie's Int'l R.E. Royal Oak
Buyer's Agent
Jonathan Holloway
EXP Realty - Shelby
List Price
$435,000
Sold Price
$445,000
Premium/Discount to List
$10,000
2.3%
Views
104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.09%
Original Mortgage
$333,750
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2015
Closed on
Jun 1, 2015
Sold by
Bought by
Seller's Agent
Mike Warren
RE/MAX Nexus
Buyer's Agent
Nicole Aloe
KW Metro
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Original Mortgage
$172,500
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 2000
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ferndale, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$438,000 None Listed On Document
$445,000 Fidelity National Title
-- None Listed On Document
$230,000 Devon Title Agency
-- None Available
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $408,500
Previous Owner $333,750
Previous Owner $159,000
Previous Owner $172,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2024 11/04/24 Sold $438,000 -6.8% $195 / Sq Ft
10/26/2024 10/26/24 Pending -- -- --
10/24/2024 10/24/24 For Sale $469,900 0.0% $209 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $469,900 +5.6% $209 / Sq Ft
05/26/2023 05/26/23 Sold $445,000 +2.3% $198 / Sq Ft View Prior Sale
04/24/2023 04/24/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $435,000 +89.1% $194 / Sq Ft
06/01/2015 06/01/15 Sold $230,000 0.0% $102 / Sq Ft View Prior Sale
06/01/2015 06/01/15 Sold $230,000 -8.0% $102 / Sq Ft View Prior Sale
05/01/2015 05/01/15 Pending -- -- --
05/01/2015 05/01/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $249,900 0.0% $111 / Sq Ft
03/28/2015 03/28/15 For Sale $249,900 -- $111 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,399 $251,520 $0 $0
2024 $17,082 $246,840 $0 $0
2023 $9,663 $245,620 $0 $0
2022 $9,579 $223,840 $0 $0
2021 $9,547 $211,010 $0 $0
2020 $9,139 $212,520 $0 $0
2019 $9,715 $192,280 $0 $0
2018 $9,156 $155,590 $0 $0
2017 $10,560 $155,440 $0 $0
2016 $10,509 $136,380 $0 $0
2015 -- $115,420 $0 $0
2014 -- $100,910 $0 $0
2011 -- $96,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240069998

Realcomp

APN: 25-27-354-005

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