NOT LISTED FOR SALE

967 Alberta St Ferndale, MI 48220

Estimated Value: $306,312 - $371,000

4 Beds
2 Baths
1,706 Sq Ft
$196/Sq Ft Est. Value

Last Sold April 04, 2024

Last sale price $317,000 $186 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,252/month

3 Days on Market

About This Home

As of April 2024

Welcome to this 2 unit multi family home in prime Ferndale. Make passive income immediately! This property is being sold with long term tenants. Each tenant is up to date on rent. The lower tenant is paying $1,295 per month and the upper tenant is paying $1,055. The lower tenants lease is set to expire on 05/31/24. The upper tenants lease is set to expire on 06/30/24.

Last Agent to Sell the Property

Ryan Heward

Golden Key Real Estate LLC License #6502401117 Listed on: 01/29/2024

Co-Listed By

Dustin Shaeffer

Golden Key Real Estate LLC License #6501410272

Last Buyer's Agent

Samar Mansour

Keller Williams Somerset License #6501432815

Keller Williams Somerset

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,850

Year Built

  • Built in 1922

Lot Details

  • 5,097 Sq Ft Lot
  • Lot Dimensions are 35 x 145

Home Design

  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,850

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1922
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 182.3
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 35 x 145
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Laundry Features In Basement: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 311000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 35 x 145
  • Lot Size Sq Ft: 5097.0

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 7850.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2024
Closed on
Apr 4, 2024
Sold by
Nur H Nadir Trust and Nadir Nur H
Bought by
Knowles Gabriel Geoffrey
Seller's Agent
Ryan Heward
Golden Key Real Estate LLC
Buyer's Agent
Samar Mansour
Keller Williams Somerset
List Price
$311,000
Sold Price
$317,000
Premium/Discount to List
$6,000
1.93%
Views
39
Current Estimated Value
$333,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,828
Avg. Annual Appreciation
2.93%

Purchase Details

Closed on
Jan 23, 2023
Sold by
Nadir Nur H
Bought by
Nur H Nadir Trust and Nadir

Purchase Details

Listed on
May 27, 2021
Closed on
Oct 7, 2021
Sold by
967 Alberta Llc
Bought by
Nadir Nur H
Seller's Agent
Eric Jurmo
KW Platinum
Buyer's Agent
Ryan Heward
Golden Key Real Estate
List Price
$264,900
Sold Price
$249,900
Premium/Discount to List
-$15,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$187,425
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2016
Sold by
St Michael Phyllis J
Bought by
967 Alberta Llc

Purchase Details

Listed on
Nov 11, 2015
Closed on
Apr 28, 2016
Sold by
Mcguire Danielle and Rosh Adam
Bought by
St Michael Phyllis J
Seller's Agent
Eric Jurmo
KW Platinum
Buyer's Agent
Eric Jurmo
KW Platinum
List Price
$179,900
Sold Price
$145,000
Premium/Discount to List
-$34,900
-19.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%

Purchase Details

Closed on
May 21, 2009
Sold by
Rosh Adam J
Bought by
Rar Property Llc

Purchase Details

Closed on
Aug 8, 2008
Sold by
Avanti Properties Llc
Bought by
Paramount Bank

Purchase Details

Closed on
Jul 7, 2004
Sold by
Muhaimeen Latiful and Carlesso Dennis M
Bought by
Avanti Properties Llc

Purchase Details

Closed on
Jun 15, 1999
Sold by
Curson Brian R
Bought by
Muhaimeen Latiful

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Knowles Gabriel Geoffrey $317,000 None Listed On Document
Knowles Gabriel Geoffrey $317,000 None Listed On Document
Nur H Nadir Trust -- None Listed On Document
Nadir Nur H $249,900 Cislo Title
967 Alberta Llc -- None Available
St Michael Phyllis J -- None Available
Rar Property Llc -- None Available
Paramount Bank $168,000 Title Source Inc Commercial
Avanti Properties Llc -- --
Muhaimeen Latiful -- --
Muhaimeen Latiful $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nadir Nur H $187,425
Previous Owner Muhaimeen Latiful $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/04/2024 04/04/24 Sold $317,000 +1.9% $186 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
01/29/2024 01/29/24 For Sale $311,000 +24.4% $182 / Sq Ft
10/07/2021 10/07/21 Sold $249,900 0.0% $146 / Sq Ft View Prior Sale
09/14/2021 09/14/21 Pending -- -- --
08/26/2021 08/26/21 Price Changed $249,900 -5.7% $146 / Sq Ft
07/31/2021 07/31/21 For Sale $264,900 +6.0% $155 / Sq Ft
07/13/2021 07/13/21 Off Market $249,900 -- --
06/24/2021 06/24/21 Price Changed $264,900 -1.9% $155 / Sq Ft
05/27/2021 05/27/21 For Sale $269,900 +86.1% $158 / Sq Ft
04/28/2016 04/28/16 Sold $145,000 -19.4% $85 / Sq Ft View Prior Sale
02/29/2016 02/29/16 Pending -- -- --
11/11/2015 11/11/15 For Sale $179,900 -- $105 / Sq Ft
Source: MichRIC

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
2025 $6,291 $136,250 $0 $0
2024 $6,041 $136,320 $0 $0
2023 $7,916 $125,960 $0 $0
2022 $7,850 $107,350 $0 $0
2021 $5,794 $103,270 $0 $0
2020 $5,548 $100,300 $0 $0
2019 $5,589 $94,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 24005077

MichRIC

APN: 25-33-429-003