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2242 East 10 Mile Road

2242 East 10 Mile Road, Ferndale, MI 48220
Property in Ferndale
Sold Oct 27, 2022
$167,500
$134,000 by Rocket Mortgage Llc
Mortgage Due Nov 01, 2052
Sold Jul 12, 2016
$85,000
$80,750 by First Securities Financial Ser
Mortgage Due Jul 01, 2046
2242 East 10 Mile Road has been categorized by the local assessors in Ferndale, MI as a residential type of property. The building on the property was first built in 1950 and is 74 years old. The home has a total of 3 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2242 East 10 Mile Road has 758 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 850 ft and across the front of the lot is 530 ft. The area measurement of the land has been determined as 4,487 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Oct 4, 2022 for $167,500. That's $220.98 per sqft. Prior to that sales transaction, the property was also sold in Jun 28, 2016 for $85,000. 2242 East 10 Mile Road was last assessed in 2023. The total value of the property was assessed at $83,040. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,419. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 745
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 4,487
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 530
  • Total Building Area: 758
  • Building Area: 758
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 758
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STEPHENSON SUPER HWY SUB
  • Land Acres: 0.103
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R11E, SEC 26 STEPHENSON SUPER HWY SUB NO 5 W 4 FT OF LOT 2274, ALL OF LOTS 2275 & 2276 & E 9 FT OF LOT 2277, ALSO 1/2 OF

Ownership

  • Current Owner : SCHULTZ MARTIN
  • Previous Owner : DAVIS ROBERT
  • Owner Before Previous Owner: WESTENBERG RICHARD
  • Owner Before Previous Owner 2: WESTENBERG KIM L
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Hazel Park City School District
  • School Tax School District: 63130
  • Census Tract: 173000

Zoning

  • Zoning: RI

Geography

  • District: 24
  • Parcel: 24-25-26-126-007
  • Lot: 2274
  • Meridian: SEC 26 TWN 01N RNG 11E
  • Municipality: FERNDALE CITY
  • Latitude: 42.4756
  • Longitude: -83.117

    Address

  • Full Address: 2242 E 10 Mile Rd
  • Address - House Number: 2242
  • Street Direction: E
  • Address - Street Name: 10 Mile
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Ferndale
  • Carrier Code: C034
  • 4-Digit Zip Code: 1177
  • Zip Code: 48220

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,419

    Appraisal Valuation

  • Standard Deviation: 0.2219
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 69
  • Final Value: 199,319
  • High Value: 243,567
  • Low Value: 155,071

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $134,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 06, 2022
  • First Open Lien Mortgage Loan Amount: $134,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2052

    Market Valuation

  • Market Total Value: $166,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,040

    Sales

  • Current Sale Contract Date: Oct 04, 2022
  • Current Sale Recording Date: Oct 27, 2022
  • Current Sale Transaction ID: 11898290420
  • Current Sale Price: $167,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 463987
  • Previous Sale Recording Date: Jul 12, 2016
  • Previous Sale Contract Date: Jun 28, 2016
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SECURITIES FINANCIAL SER
  • Previous Mortgage Transaction Date: Jul 12, 2016
  • Previous Mortgage Loan Amount: $80,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2046

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Frequently Asked Questions

What neighborhood is 2242 East 10 Mile Road located in?
The 2242 East 10 Mile Road is a located in the neighborhood of Ferndale in Ferndale, Ferndale.
What is the average sales price for listings in 2242 East 10 Mile Road?
The average sales price for units in 2242 East 10 Mile Road is $0 currently.

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