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228 Academy Street

228 Academy Street, Ferndale, MI 48220
Property in Ferndale
Sold Jan 15, 2015
$39,443
$153,000 by Flagstar Bank Fsb
Mortgage Due Mar 01, 2052
228 Academy Street 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 1924 and is 100 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. The building has a total of 1 stories. In addition, 228 Academy Street has 1,071 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 1,080 ft and across the front of the lot is 330 ft. The area measurement of the land has been determined as 3,615 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 171 sqft. 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 oil. 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, 228 Academy Street sold most recently in Jan 12, 2015 for a total of $39,443. If you work out the math, that's approximately a cost of $36.83 per sqft. 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 $3,663 in taxes each year. 228 Academy Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $88,560. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1924
  • Effective Year Built: 1924
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • 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: 840
  • Garage Type: Garage
  • Garage Square Area: 171
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 3,615
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,071
  • Building Area: 1,071
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,071
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE LITTLE FARMS SUB
  • Land Acres: 0.083
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R11E, SEC 34 THE LITTLE FARMS SUB W 1/3 OF LOT 70

Ownership

  • Current Owner : JIMENEZ LUIS A MENDEZ
  • Previous Owner : CANTWELL ROBERT G
  • Previous Owner 2: CANTWELL NANCY C

Neighborhood

  • School District Name: Ferndale Public Schools
  • School Tax School District: 63020
  • Census Tract: 173500

Zoning

  • Zoning: RI

Geography

  • District: 24
  • Parcel: 24-25-34-205-010
  • Lot: 70
  • Meridian: SEC 34 TWN 01N RNG 11E
  • Municipality: FERNDALE CITY
  • Latitude: 42.4575
  • Longitude: -83.1305

    Address

  • Full Address: 228 Academy St
  • Address - House Number: 228
  • Address - Street Name: Academy
  • Address - Suffix Type: St
  • State: MI
  • City Name: Ferndale
  • Carrier Code: C006
  • 4-Digit Zip Code: 2823
  • Zip Code: 48220

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,663

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 76
  • Final Value: 222,060
  • High Value: 262,380
  • Low Value: 181,740

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $153,000
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Feb 16, 2022
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $153,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Market Valuation

  • Market Total Value: $177,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $88,560

    Sales

  • Current Sale Contract Date: Jan 12, 2015
  • Current Sale Recording Date: Jan 15, 2015
  • Current Sale Transaction ID: 1152714156
  • Current Sale Price: $39,443
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10318

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Frequently Asked Questions

What neighborhood is 228 Academy Street located in?
The 228 Academy Street is a located in the neighborhood of Ferndale in Ferndale, Ferndale.
What is the average sales price for listings in 228 Academy Street?
The average sales price for units in 228 Academy Street is $0 currently.

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