$27,100
SOLD JUL 3, 2012

631 Spencer St Ferndale, MI 48220

3 Beds
1.5 Baths
1,137 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$24 Per Sq Ft

10% Below List Price

39 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 2 Car Garage
  • Bungalow

About This Home

As of July 2012

This is a HUD property sold "as is" by electronic bid only. *For property conditions, forms, disclosures, availability & lead base paint notices see website in Agent Remarks. This property is escrow insured. FHA #261-890501

Last Agent to Sell the Property

Michael Frank

Frank Real Estate Inc License #6504249224 Listed on: 04/23/2012

Frank Real Estate Inc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1926

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x118

Parking

  • 2 Car Garage

Home Design

  • Bungalow

Interior Spaces

  • 1,137 Sq Ft Home
  • 1.5-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 2535306049

Home Details

Home Type

Single Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: YES
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 5
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Sq Ft Combined: 1137
  • Total Sq Ft: 1137

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Wood
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • List Price per Acre: 300000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 35X118
  • Parcel Number: 2535306049

Tax Info

  • Tax Amount Summer: 3016.0000
  • Tax Amount Winter: 220.0000
  • Total Tax: 3236.0000

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2017
Sold by
Rudalev Finance Llc
Bought by
Rudalev 1 Refinance Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,207,000
Outstanding Balance
$3,541,926
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$3,350,180

Purchase Details

Closed on
Apr 19, 2015
Sold by
Rudalev Llc
Bought by
Rudalev Finance Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 23, 2012
Closed on
Jun 25, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Rudalev Llc
Seller's Agent
Michael Frank
Frank Real Estate Inc
List Price
$30,000
Sold Price
$27,100
Premium/Discount to List
-$2,900
-9.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.12%

Purchase Details

Closed on
Mar 8, 2011
Sold by
Bac Home Loans Servicing Lp
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
May 4, 2010
Sold by
Smith Dianne L and Smith Kenneth
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
Mar 14, 2005
Sold by
Smith Kenneth and Smith Dianne L
Bought by
Smith Dianne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,196
Interest Rate
5.89%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 1999
Sold by
Compton Elsie
Bought by
Smith Kenneth

Purchase Details

Closed on
Feb 15, 1998
Sold by
Brouckaert Ronald J
Bought by
Compton Elsie M
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 Type Sale Price Title Company
Deed -- None Available
Warranty Deed -- None Available
Deed $27,100 None Available
Warranty Deed -- None Available
Sheriffs Deed $122,637 None Available
Interfamily Deed Transfer -- Devon Title Agency
Deed $49,396 --
Deed $49,396 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,207,000 Future Advance Clause Open End Mortgage
Closed $4,207,000 Future Advance Clause Open End Mortgage
Previous Owner $1,950,000 Purchase Money Mortgage
Previous Owner $7,922 No Value Available
Previous Owner $118,196 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Pending -- -- --
11/21/2024 11/21/24 Price Changed $189,900 -2.6% $167 / Sq Ft
11/08/2024 11/08/24 Price Changed $194,900 -2.5% $171 / Sq Ft
10/31/2024 10/31/24 For Sale $199,900 +637.6% $176 / Sq Ft
07/03/2012 07/03/12 Sold $27,100 -9.7% $24 / Sq Ft
06/01/2012 06/01/12 Pending -- -- --
04/23/2012 04/23/12 For Sale $30,000 -- $26 / 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 $5,792 $109,770 $0 $0
2023 $6,864 $103,090 $0 $0
2022 $5,445 $91,260 $0 $0
2021 $5,251 $85,730 $0 $0
2020 $5,025 $78,650 $0 $0
2019 $5,063 $72,720 $0 $0
2018 $5,049 $66,900 $0 $0
2017 $4,975 $66,850 $0 $0
2016 $5,120 $64,320 $0 $0
2015 -- $59,170 $0 $0
2014 -- $51,260 $0 $0
2011 -- $41,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Haig Istamboulian

    Arterra Realty Michigan LLC

  • M

    Seller's Agent in 2012

    Michael Frank

    Frank Real Estate Inc

See All Agents

Map

Source: Realcomp

MLS Number: 212041259

Realcomp

APN: 25-35-306-049

Michigan Oakland County Ferndale 48220

631 Spencer St, Ferndale, MI

This home is located at 631 Spencer St, Ferndale, MI 48220 and is currently priced at $27,100, approximately $23 per square foot. This property was built in 1926. 631 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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