NOT LISTED FOR SALE

767 Saint Louis St Ferndale, MI 48220

Estimated Value: $263,058 - $293,000

3 Beds
2 Baths
1,339 Sq Ft
$206/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $225,000 $168 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,866/month

39 Days on Market

Highlights

  • Cape Cod Architecture
  • Forced Air Heating System
  • 4-minute walk to Oppenheim Park
  • Porch

About This Home

As of October 2021

FERNDALE DUPLEX WITH TWO GREAT TENANTS. TWO BEDROOM LOWER WITH LARGE LIVING ROOM AND FORMAL DINING CURRENTLY RENTED FOR $950. ONE BEDROOM UPPER CURRENTLY RENTED FOR $750. WELL LOCATED ACROSS THE STREET FROM A PARK AND HAS GIANT BACKYARD FOR OUTDOOR ENTERTAINING OR ROOM TO BUILD YOUR DREAM GARAGE. COMMON BASEMENT WITH LAUNDRY. SEPARATE FURNACES AND WATER TANKS. TENANTS PAY FOR WATER. UPPER UNIT CAN ONLY BE SHOWN AFTER AN ACCEPTABLE OFFER IS ACCEPTED. GREAT INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

Robert Coburn

RE/MAX First License #6501265468 Listed on: 07/08/2021

RE/MAX First

Last Buyer's Agent

Joe Hammel

Keller Williams Somerset License #6501422602

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1942

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 38.00x255.00

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,339 Sq Ft Home
  • 1.5-Story Property
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2534329010

Community Details

Overview

  • 2 Units
  • Woodward Farms Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,951

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Cape Cod
  • Architecture Level: 1 1/2 Story
  • Year Built: 1942
  • State Equalized Value: 83900.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common
  • Total Sq Ft: 1339

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Porch Type: Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.22
  • Lot Dimensions: 38.00X255.00
  • Parcel Number: 2534329010
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1700

Tax Info

  • Tax Amount Summer: 2883.0000
  • Tax Amount Winter: 68.0000
  • Total Tax: 2951.0000
  • Taxable Value: 36950.0000

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • School District: Ferndale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Oct 8, 2021
Sold by
Ramzi Properties 5 Llc
Bought by
Cronin Collin T
Seller's Agent
Robert Coburn
RE/MAX First
Buyer's Agent
Joe Hammel
Keller Williams Somerset
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%
Current Estimated Value
$275,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,515
Avg. Annual Appreciation
5.13%
Original Mortgage
$220,924
Outstanding Balance
$201,462
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$74,053

Purchase Details

Closed on
Sep 27, 2016
Sold by
Thomas Properties 1 Llc
Bought by
Ramzi Properties 5 Llc

Purchase Details

Closed on
Mar 1, 2007
Sold by
Thomas Greg
Bought by
Thomas Properties #1 Llc

Purchase Details

Closed on
Aug 17, 1999
Sold by
Racar Properties Inc
Bought by
Thomas Greg

Purchase Details

Closed on
Jun 25, 1998
Sold by
Haveraneck Kim
Bought by
Racar Properties Inc

Purchase Details

Closed on
Apr 2, 1996
Sold by
Haveraneck Kim
Bought by
Racar Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,800
Interest Rate
7.46%

Purchase Details

Closed on
Apr 1, 1996
Sold by
Elliott Gary L
Bought by
Racar Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,800
Interest Rate
7.46%
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
Cronin Collin T $225,000 First American Title
Ramzi Properties 5 Llc -- None Available
Thomas Properties #1 Llc -- None Available
Thomas Greg $100,000 --
Racar Properties Inc -- --
Racar Properties Inc -- --
Racar Properties Inc $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cronin Collin T $220,924
Previous Owner Racar Properties Inc $58,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2021 10/12/21 Sold $225,000 -2.1% $168 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/29/2021 07/29/21 Price Changed $229,900 -4.2% $172 / Sq Ft
07/08/2021 07/08/21 For Sale $239,900 -- $179 / 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 $5,085 $106,780 $0 $0
2023 $4,935 $101,340 $0 $0
2022 $4,983 $89,810 $0 $0
2021 $3,006 $86,560 $0 $0
2020 $2,883 $83,900 $0 $0
2019 $2,903 $72,010 $0 $0
2018 $2,892 $60,820 $0 $0
2017 $2,852 $59,510 $0 $0
2016 $2,817 $50,440 $0 $0
2015 -- $41,690 $0 $0
2014 -- $36,360 $0 $0
2011 -- $41,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Coburn

    Seller's Agent in 2021

    Robert Coburn

    RE/MAX of Southeast Michigan

    (586) 662-4444

    26 in this area

    238 Total Sales

    Robert Coburn
    Section Image
  • Joe Hammel

    Buyer's Agent in 2021

    Joe Hammel

    Keller Williams Somerset

    (248) 422-1685

    16 in this area

    1,051 Total Sales

    Joe Hammel
    Section Image
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Map

Source: Realcomp

MLS Number: 2210053866

Realcomp

APN: 25-34-329-010

Michigan Oakland County Ferndale 48220

767 Saint Louis St, Ferndale, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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