NOT LISTED FOR SALE

565 Academy St Ferndale, MI 48220

Estimated Value: $168,000 - $241,000

2 Beds
1 Bath
813 Sq Ft
$241/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $125,000 $154 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,424/month

Highlights

  • Ground Level Unit
  • Porch
  • 1-Story Property
  • No HOA
  • Bungalow
  • Forced Air Heating and Cooling System

About This Home

As of June 2023

The kitchen was remodeled in 2022 with granite counters, tile backsplash, and stainless appliances. New carpets in the bedrooms in 2022, and C/A was added in 2022. The backyard is completely fenced, there are hardwood floors in the living room, and a nice sized laundry room with storage. Pets are allowed.

Last Agent to Rent the Property

James Wolfe

Century 21 Curran & Oberski License #6501204079 Listed on: 05/15/2023

Century 21 Curran & Oberski

Last Renter's Agent

James Wolfe

Century 21 Curran & Oberski License #6501204079 Listed on: 05/15/2023

Century 21 Curran & Oberski

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,588

Year Built

  • Built in 1925

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50.00 x 108.00
  • Fenced

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 813 Sq Ft Home
  • 1-Story Property

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Porch
  • Ground Level Unit

Listing and Financial Details

  • Security Deposit $1,875
  • 24 Month Lease Term
  • Assessor Parcel Number 2534230048

Community Details

Overview

  • No Home Owners Association
  • The Little Farms Sub Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,588

Year Built

Built in 1925

Lot Details

0

Rental Info

  • Lease Type: Single Family House
  • Security Deposit: 1875.00

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 Story
  • Year Built: 1925
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 813
  • Total Sq Ft: 813

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Aluminum
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage Size: No Garage

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)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 50.00 x 108.00
  • Parcel Number: 2534230048

Multi Family

  • Length of Lease: 13-24 Months, 37-48 Months, 49-60 Months

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2020
Closed on
Sep 9, 2020
Sold by
Oddo Homes Llc
Bought by
Wolfe James R
Seller's Agent
James Wolfe
Century 21 Curran & Oberski
Buyer's Agent
James Wolfe
Century 21 Curran & Oberski
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$195,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,666
Avg. Annual Appreciation
9.41%
Original Mortgage
$93,750
Outstanding Balance
$84,136
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$111,979

Purchase Details

Listed on
Oct 10, 2012
Closed on
Dec 20, 2012
Sold by
Brown David and Brown Ami Lee Theresa
Bought by
Oddo Homes Llc
Seller's Agent
Jim Shaffer
Good Company Realty LLC
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$40,000
Sold Price
$32,000
Premium/Discount to List
-$8,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.28%

Purchase Details

Closed on
Feb 20, 2007
Sold by
Wright Tyson
Bought by
Wells Fargo Bank Na and Hsbc Bank Usa Ace 2006-Asap1

Purchase Details

Closed on
Jun 16, 2005
Sold by
Foresome Properties Llc
Bought by
Wright Tyson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
7.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 12, 2003
Sold by
Reese David B and Reese Stacey
Bought by
Foresome Properties Llc

Purchase Details

Closed on
Mar 7, 1996
Sold by
Millns Doris A
Bought by
Kohn Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,200
Interest Rate
7.91%

Purchase Details

Closed on
Feb 13, 1996
Sold by
Parks David M
Bought by
Kohn Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,200
Interest Rate
7.91%

Purchase Details

Closed on
Dec 20, 1994
Sold by
Stephens Timothy A
Bought by
Millns Doris A
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
Wolfe James R $125,000 None Available
Oddo Homes Llc $32,000 First American Title Ins Co
Wells Fargo Bank Na $65,450 None Available
Wright Tyson $82,000 Capital Title Ins Agency
Foresome Properties Llc -- Capital Title Ins Agency
Reese David B $72,500 Capital Title Ins Agency
Kohn Felipe $53,000 --
Kohn Felipe $21,900 --
Millns Doris A $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe Jim $93,750
Previous Owner Oddo Homes Llc $205,870
Previous Owner Wright Tyson $65,600
Previous Owner Kohn Felipe $38,200
Closed Millns Doris A $0
Closed Wright Tyson $16,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Rented $1,250 0.0% --
05/23/2023 05/23/23 Under Contract -- -- --
05/15/2023 05/15/23 For Rent $1,250 0.0% --
09/10/2020 09/10/20 Sold $125,000 0.0% $154 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $125,000 +290.6% $154 / Sq Ft
12/20/2012 12/20/12 Sold $32,000 -20.0% $43 / Sq Ft
11/28/2012 11/28/12 Pending -- -- --
10/10/2012 10/10/12 For Sale $40,000 -- $53 / 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 $4,588 $81,220 $0 $0
2023 $4,757 $79,750 $0 $0
2022 $4,329 $68,270 $0 $0
2021 $4,315 $57,160 $0 $0
2020 $1,642 $51,290 $0 $0
2019 $1,653 $47,970 $0 $0
2018 $1,648 $35,850 $0 $0
2017 $1,719 $33,570 $0 $0
2016 $1,600 $28,900 $0 $0
2015 -- $24,550 $0 $0
2014 -- $19,160 $0 $0
2011 -- $28,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230037420

Realcomp

APN: 25-34-230-048