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2603 Ferncliff Avenue

2603 Ferncliff Avenue, Royal Oak, MI 48073
Property in Royal Oak
Sold May 09, 2018
$282,500
$186,430 by Usaa Fsb
Mortgage Due Apr 01, 2046
Sold May 03, 2007
$245,000
$205,000 by Usaa Fsb
Mortgage Due May 01, 2037
2603 Ferncliff Avenue has been categorized by the local assessors in Royal Oak, MI as a residential type of property. The building on the property was first built in 1953 and is 71 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2603 Ferncliff Avenue has 1,523 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 1,200 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,011 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 529 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a covered porch. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The building has a hip style roof made of asphalt. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2603 Ferncliff Avenue sold most recently in May 1, 2018 for a total of $282,500. If you work out the math, that's approximately a cost of $185.49 per sqft. Before that, the property was also sold for $245,000 in Apr 30, 2007. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,479 in taxes each year. 2603 Ferncliff Avenue was most recently assessed in 2018. During this assessment, the property's total value was estimated to be about $113,610. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,157
  • Garage Type: Garage
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 6,011
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,523
  • Building Area: 1,523
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,523
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTHWOOD SUBDIVISION #10
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R11E, SEC 8 NORTHWOOD SUB NO 10 N 8 FT OF LOT 1446 & S 42 FT OF LOT 1447

Ownership

  • Current Owner : FINKEL MICHAEL
  • Current Owner 2: FINKEL KELSEY
  • Previous Owner : BILLS KATHRYN M
  • Owner Before Previous Owner: BESSERT KEVIN
  • Owner Before Previous Owner 2: BESSERT CHRISTINE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Royal Oak City School District
  • School Tax School District: 230
  • Census Tract: 183600

Zoning

  • Zoning: RI

Geography

  • District: 72
  • Parcel: 72-25-08-277-028
  • Lot: 1446
  • Meridian: SEC 8 TWN 1N RNG 11E
  • Municipality: ROYAL OAK CITY
  • Latitude: 42.5119
  • Longitude: -83.1688

    Address

  • Full Address: 2603 Ferncliff Ave
  • Address - House Number: 2603
  • Address - Street Name: Ferncliff
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Royal Oak
  • Carrier Code: C008
  • 4-Digit Zip Code: 4606
  • Zip Code: 48073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,479

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 75
  • Final Value: 384,202
  • High Value: 456,210
  • Low Value: 312,195

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $186,430
  • First Open Lien Mortgage Lender: USAA FSB
  • First Open Lien Mortgage Recording Date: Mar 30, 2016
  • First Open Lien Mortgage Loan Amount: $186,430
  • 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: Apr 01, 2046

    Market Valuation

  • Market Total Value: $227,220

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $113,610

    Sales

  • Current Sale Contract Date: May 01, 2018
  • Current Sale Recording Date: May 09, 2018
  • Current Sale Transaction ID: 11476248782
  • Current Sale Price: $282,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 78244
  • Previous Sale Recording Date: May 03, 2007
  • Previous Sale Contract Date: Apr 30, 2007
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: May 09, 2018
  • First Mortgage Loan Amount: $197,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: May 03, 2007
  • Previous Mortgage Loan Amount: $205,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2037

About Royal Oak



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Frequently Asked Questions

What neighborhood is 2603 Ferncliff Avenue located in?
The 2603 Ferncliff Avenue is a located in the neighborhood of Royal Oak in Royal Oak, Royal Oak.
What is the average sales price for listings in 2603 Ferncliff Avenue?
The average sales price for units in 2603 Ferncliff Avenue is $0 currently.

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