1553 Silman St · Ferndale, MI 48220

$130,000

2 bd · 1.0 ba · 759 sqft · SingleFamily public records · 248 Days on market

Built 1924 3,049 sqft lot Est $175k · 26% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.1/10.0
• 1% rule +6.6/10.0
• Livability +4.5/5.0
• Rent growth +4.1/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

Key facts

• 3,049 sq ft lot
• Built 1924
• Listed 248 days

Property features AI

Finance

• HOA & community: Pets allowed

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Underground utilities; Cable available; Circuit breaker electrical service
• Home design: Single-family residence; One level; Ground-level entry with steps; Vinyl siding; Asphalt roof
• Construction: Vinyl siding construction; Asphalt roof; Has home warranty
• Exterior features: Covered porch; Covered patio; Exterior lighting; Paved road access; Sidewalks in the community

Interior

• Bedrooms: 5 total rooms (includes living spaces and bedrooms)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: High-speed internet; Smart thermostat; Crawl space
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 4.5% in Ferndale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 90/100 on livability (#8 in MI, #103 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: schools D+.
• Hazel Park School District (suburban): math 10% / reading 24% proficiency, ranked #490 of 540 in MI (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.2%/yr); 171 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 248 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 26 sale attempts since 24y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $56k; list at $130k implies a 132% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 248 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.94%
• DSCR: 1.31
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $174,570
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1449 Jewell St	0.05mi	2/1.0	731 (-4%)	1mo	$168,000	$230	91
1811 E Marshall St	0.17mi	2/1.0	776 (+2%)	5mo	$162,500	$209	84
1669 Jarvis St	0.31mi	2/1.0	750 (-1%)	4mo	$210,000	$280	80
872 Channing St	0.40mi	2/1.0	707 (-7%)	2mo	$128,000	$181	68
1900 College St	0.34mi	2/1.0	830 (+9%)	1mo	$215,000	$259	67
1939 Almont St	0.70mi	2/1.0	765 (+1%)	3mo	$180,500	$236	64
441 Jewell St	0.51mi	2/1.0	667 (-12%)	3mo	$198,000	$297	54
533 E Milton Ave	0.66mi	2/1.0	810 (+7%)	6mo	$85,000	$105	53
1979 Martin Rd	0.74mi	2/1.0	700 (-8%)	1mo	$195,000	$279	52
23067 Stauber Ave	0.69mi	2/1.0	835 (+10%)	3mo	$139,000	$166	49
23108 Pilgrim Ave	0.72mi	2/1.0	682 (-10%)	3mo	$150,000	$220	47
334 E Milton Ave	0.57mi	3/1.0 (+1)	861 (+13%)	5mo	$75,000	$87	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.24% rent growth · sell at horizon

5-year hold

• IRR: -1.7%
• Equity multiple: 0.93×
• Total profit: $-2,489
• Equity at exit: $19,383

10-year hold

• IRR: 11.4%
• Equity multiple: 2.04×
• Total profit: $37,728
• Equity at exit: $11,240

Cash invested: $36,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48220

• Rents YoY: 6.2%
• Active inventory: 171
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,512 high
• Mortgage (P&I): −$682
• Tax from tax record: −$248 /mo · $2,972/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $211

Break-even live

Break-even rent $1,245

Max offer price $130,000

Occupancy floor 81%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1561 E Webster St Ferndale, MI	2.0	1.0	939	$1,600	$1.70	24d	1	0.15mi
790 Jewell St Ferndale, MI	2.0	1.0	800	$1,445	$1.81	24d	1	0.35mi
155 W George Ave Hazel Park, MI	2.0	1.0	725	$1,000	$1.38	24d	1	0.40mi
90 W Meyers Ave Hazel Park, MI	2.0	1.0	831	$1,800	$2.17	24d	1	0.40mi
2023 Ardmore Dr Ferndale, MI	2.0	1.0	771	$1,250	$1.62	24d	1	0.49mi
27 E Milton Ave Hazel Park, MI	1.0	1.0	568	$1,050	$1.85	15d	1	0.50mi
690 E Marshall St Unit Lower Ferndale, MI	1.0	1.0	700	$1,295	$1.85	11d	1	0.51mi
407 E Hayes Ave Hazel Park, MI	3.0	1.0	1000	$1,750	$1.75	24d	1	0.60mi
266 W Goulson Ave Hazel Park, MI	3.0	1.0	942	$1,600	$1.70	22d	1	0.60mi
224 Fielding St Ferndale, MI	2.0	1.0	1000	$1,800	$1.80	24d	1	0.86mi
226 Fielding St Ferndale, MI	2.0	1.0	1000	$1,500	$1.50	24d	1	0.87mi
552 E Saratoga St Unit Upper Unit Ferndale, MI	2.0	1.0	700	$1,300	$1.86	24d	1	0.90mi
1019 E Hayes Ave Unit 1032331P Hazel Park, MI	3.0	1.0	1033	$5,301	$5.13	2d	1	0.94mi
1291 W State Fair Ave Detroit, MI	1.0–2.0	1.0	700	$950	$1.36	13d	2	0.96mi
353 W Webster St Ferndale, MI	2.0	1.0	900	$1,525	$1.69	17d	1	0.99mi
1211 E Bernhard Ave Hazel Park, MI	2.0	1.0	721	$1,500	$2.08	24d	1	1.02mi
425 Vester St Unit A Ferndale, MI	2.0	1.0	525	$1,349	$2.57	5d	1	1.04mi
23115 Tawas Ave Hazel Park, MI	2.0	1.0	706	$1,375	$1.95	24d	1	1.05mi
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI	3.0	2.0	1097	$6,448	$5.88	2d	1	1.08mi
22111 Woodward Ave Ferndale, MI	2.0	1.0	816	$3,355	$4.11	17d	1	1.08mi
19703 Keating St Highland Park, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.08mi
501 E Breckenridge St Ferndale, MI	3.0	1.0	946	$1,800	$1.90	24d	1	1.12mi
23345 Tawas Ave Hazel Park, MI	3.0	1.0	1000	$1,550	$1.55	11d	1	1.13mi
901 Saint Louis St Ferndale, MI	2.0	1.0	800	$1,395	$1.74	44d	1	1.14mi
901 Saint Louis St Unit 901-02 Ferndale, MI	2.0	1.0	800	$1,395	$1.74	24d	1	1.14mi
900 Laprairie St Ferndale, MI	1.0	1.0	700	$1,015	$1.45	44d	1	1.20mi
453 E Cambourne St Unit 1 Ferndale, MI	2.0	1.0	1000	$2,500	$2.50	3d	1	1.21mi
455 E Cambourne St Unit 2 Ferndale, MI	2.0	1.0	900	$2,400	$2.67	3d	1	1.21mi
400 E Cambourne St Unit 1 Ferndale, MI	2.0	1.0	1000	$1,400	$1.40	11d	1	1.24mi
23773 Hazelwood Ave Hazel Park, MI	2.0	1.0	671	$1,400	$2.09	13d	1	1.25mi
1621 E Evelyn Ave Hazel Park, MI	2.0	1.0	749	$1,295	$1.73	18d	1	1.27mi
2215 Browning St Ferndale, MI	2.0	1.0	739	$1,350	$1.83	4d	1	1.32mi
1800 Browning St Ferndale, MI	2.0	1.0	809	$1,600	$1.98	5d	1	1.33mi
20643 Stratford Rd Unit 1 Detroit, MI	2.0	1.5	1000	$1,250	$1.25	44d	1	1.34mi
1731 E Pearl Ave Hazel Park, MI	3.0	1.0	844	$1,500	$1.78	20d	1	1.39mi
851 Gardendale St Ferndale, MI	2.0	1.0	933	$1,625	$1.74	24d	1	1.43mi
226 Withington St Apt 10 Ferndale, MI	1.0	1.0	800	$1,325	$1.66	18d	1	1.44mi
20129 Stratford Rd Unit 2 Detroit, MI	2.0	1.0	1100	$1,223	$1.11	24d	1	1.44mi
1045 E Woodward Heights Blvd Hazel Park, MI	1.0–2.0	1.0	715	$1,209	$1.69	24d	3	1.47mi

Listing history 50 events

1. 2026-06-18
   days on market $130,000 Active 248 DOM
2. 2026-06-17
   days on market $130,000 Active 247 DOM
3. 2026-06-16
   days on market $130,000 Active 246 DOM
4. 2026-06-15
   days on market $130,000 Active 245 DOM
5. 2026-06-13
   days on market $130,000 Active 243 DOM
6. 2026-06-13
   days on market $130,000 Active 242 DOM
7. 2026-06-09
   days on market $130,000 Active 239 DOM
8. 2026-06-08
   days on market $130,000 Active 238 DOM
9. 2026-06-07
   days on market $130,000 Active 237 DOM
10. 2026-06-04
    days on market $130,000 Active 234 DOM
11. 2026-06-03
    days on market $130,000 Active 233 DOM
12. 2026-06-02
    days on market $130,000 Active 232 DOM
13. 2026-06-01
    days on market $130,000 Active 231 DOM
14. 2026-05-31
    days on market $130,000 Active 230 DOM
15. 2026-05-14
    price $130,000 1600-char remark

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

16. 2026-05-14
    price $130,000

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

17. 2026-04-03
    price $139,000 1600-char remark

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

18. 2026-04-02
    price $139,000
19. 2026-03-27
    status Active
20. 2026-03-27
    historical
21. 2026-01-23
    status Active 1600-char remark

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

22. 2026-01-23
    status Active

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

23. 2025-04-16
    historical 1600-char remark

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

24. 2025-01-24
    price $145,000 1600-char remark

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

25. 2025-01-24
    price $145,000

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

26. 2025-01-04
    listed $150,000 Active 1600-char remark

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

27. 2025-01-04
    listed $150,000 Active

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

28. 2025-01-02
    historical $150,000 1600-char remark

    Show marketing remark (1600 chars)

    Welcome home to this adorable and move-in ready Ferndale bungalow that perfectly blends charm, comfort, and smart modern updates. From the moment you arrive, you'll appreciate the welcoming curb appeal and covered front porch - a cozy spot to enjoy your morning coffee or unwind at the end of the day. Step inside to a bright, airy living space filled with natural light and neutral tones that create a warm, inviting feel. The thoughtful layout makes everyday living easy, offering a seamless flow into the spacious kitchen - the true heart of the home. Featuring crisp white cabinetry, beautiful countertops, and a central island perfect for meal prep or casual dining, this kitchen is designed for both function and gathering. Two comfortable bedrooms provide flexible space for restful retreats, a home office, or guest accommodations, while the full bathroom is clean, bright, and ready for immediate enjoyment. Convenient first-floor laundry adds everyday practicality. Outside, the private backyard offers room to relax, entertain, or create your own outdoor oasis, with just the right balance of space and privacy for summer evenings and weekend get-togethers. As an added bonus, solar panels help provide energy efficiency and lower utility costs, offering long-term value and peace of mind. Located close to parks, dining, shopping, and everything Ferndale has to offer, this home combines character, affordability, and convenience in one charming package. Whether you're a first-time buyer, downsizing, or searching for an investment opportunity, this one is ready to welcome you home.

29. 2024-12-17
    historical
30. 2024-12-17
    historical
31. 2024-11-30
    price $164,900
32. 2024-11-29
    price $164,900
33. 2024-11-19
    historical
34. 2024-11-19
    listed $169,900 Active
35. 2024-11-19
    listed $169,900 Active
36. 2024-11-19
    historical
37. 2024-11-09
    price $174,900
38. 2024-11-09
    price $174,900
39. 2024-11-05
    price $189,900
40. 2024-11-05
    price $189,900
41. 2024-10-25
    listed $199,900 Active
42. 2024-10-25
    listed $199,900 Active
43. 2024-10-22
    historical
44. 2024-10-22
    historical
45. 2016-12-05
    soldstatus $56,000
46. 2016-12-05
    soldstatus $56,000 Closed
47. 2016-10-14
    soldstatus $56,000
48. 2016-09-27
    soldstatus $56,000 Sold
49. 2016-09-27
    soldstatus $56,000 Closed
50. 2016-08-16
    status Pending

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,972 · $248/mo
• Projected year-2 tax: $2,972 · $248/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,140
• − Mortgage interest: −$7,282
• − Property taxes: −$2,972
• − Insurance: −$650
• − Repairs & maintenance: −$1,451
• − Management: −$1,451
• − Depreciation: −$3,782
• Taxable income: $551
• Est. tax owed @ 24.0%: −$132
• After-tax cash flow: $2,395/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hazel Park School District
• NCES district ID: 2618030
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 1.00%
• Median HH income: $36,181
• Composite: 14.05/100
• National rank: #9466
• State rank: #490 of 540 in MI

Livability — Ferndale

• Score: 90/100
• State rank: #8
• US rank: #103

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime B Employment A+ Housing A+ Health & safety B- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ferndale, MI
• County: Oakland County · 1,009,092 people
• City population: 21,527
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 21,527
• Household income: $89,881
• Rent vs Own: 36.3% rent · 63.7% own
• Severe rent burden: 670.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 15% Two or more races 6% Hispanic / Latino 5% Asian 3%
• Common ancestry: Romanian 11% Lithuanian 6% Slovak 3%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -394.92%
• Current HPI: 273.0986
• Rent YoY: ▲ 6.24%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+160.5% since first listed

77 events — show timeline

• 2026-05-14 Price Changed $130,000 MiRealSource-MiMLS
• 2026-05-14 Price Changed $130,000 REALCOMP
• 2026-04-03 Price Changed $139,000 MiRealSource-MiMLS
• 2026-04-02 Price Changed $139,000 REALCOMP
• 2026-03-27 Relisted — REALCOMP
• 2026-03-27 Listing Removed — REALCOMP
• 2026-01-23 Relisted — MiRealSource-MiMLS
• 2026-01-23 Relisted — REALCOMP
• 2025-04-16 Listing Removed — MiRealSource-MiMLS
• 2025-01-24 Price Changed $145,000 MiRealSource-MiMLS
• 2025-01-24 Price Changed $145,000 REALCOMP
• 2025-01-04 Listed $150,000 MiRealSource-MiMLS
• 2025-01-04 Listed $150,000 REALCOMP
• 2025-01-02 Coming Soon $150,000 MiRealSource-MiMLS
• 2024-12-17 Listing Removed — MiRealSource-MiMLS
• 2024-12-17 Listing Removed — REALCOMP
• 2024-11-30 Price Changed $164,900 MiRealSource-MiMLS
• 2024-11-29 Price Changed $164,900 REALCOMP
• 2024-11-19 Listing Removed — MiRealSource-MiMLS
• 2024-11-19 Listed $169,900 MiRealSource-MiMLS
• 2024-11-19 Listed $169,900 REALCOMP
• 2024-11-19 Listing Removed — REALCOMP
• 2024-11-09 Price Changed $174,900 MiRealSource-MiMLS
• 2024-11-09 Price Changed $174,900 REALCOMP
• 2024-11-05 Price Changed $189,900 MiRealSource-MiMLS
• 2024-11-05 Price Changed $189,900 REALCOMP
• 2024-10-25 Listed $199,900 MiRealSource-MiMLS
• 2024-10-25 Listed $199,900 REALCOMP
• 2024-10-22 Coming Soon — MiRealSource-MiMLS
• 2024-10-22 Coming Soon — REALCOMP
• 2016-12-05 Sold (MLS) $56,000 MiRealSource-MiMLS
• 2016-12-05 Sold (MLS) $56,000 REALCOMP
• 2016-10-14 Sold (Public Records) $56,000 Public Records
• 2016-09-27 Sold (MLS) $56,000 MiRealSource-MiMLS
• 2016-09-27 Sold (MLS) $56,000 REALCOMP
• 2016-08-16 Pending — MiRealSource-MiMLS
• 2016-08-15 Pending — MiRealSource-MiMLS
• 2016-08-15 Pending — REALCOMP
• 2016-08-12 Relisted — MiRealSource-MiMLS
• 2016-08-12 Pending — MiRealSource-MiMLS
• 2016-08-12 Listed $59,900 MiRealSource-MiMLS
• 2016-08-12 Relisted — MiRealSource-MiMLS
• 2016-08-12 Relisted — REALCOMP
• 2016-08-12 Listed $59,900 REALCOMP
• 2016-08-05 Listing Removed — REALCOMP
• 2016-08-05 Listing Removed — MiRealSource-MiMLS
• 2016-08-03 Pending — MiRealSource-MiMLS
• 2016-08-03 Listing Removed — MiRealSource-MiMLS
• 2016-08-03 Listing Removed — REALCOMP
• 2016-07-26 Listed $59,900 MiRealSource-MiMLS
• 2016-07-26 Listed $59,900 REALCOMP
• 2016-07-26 Price Changed $59,900 MiRealSource-MiMLS
• 2016-07-14 Relisted — MiRealSource-MiMLS
• 2016-07-01 Pending — MiRealSource-MiMLS
• 2016-06-21 Price Changed $64,900 MiRealSource-MiMLS
• 2016-06-13 Price Changed $69,900 MiRealSource-MiMLS
• 2016-06-06 Listed $79,900 MiRealSource-MiMLS
• 2016-06-06 Listed $59,900 REALCOMP
• 2015-09-12 Listing Removed — REALCOMP
• 2015-09-12 Listing Removed — MiRealSource-MiMLS
• 2015-04-17 Relisted — REALCOMP
• 2015-03-05 Listing Removed — REALCOMP
• 2015-02-27 Listed $48,000 REALCOMP
• 2015-02-27 Listed $48,000 MiRealSource-MiMLS
• 2006-01-11 Sold (Public Records) $95,000 Public Records
• 2003-06-11 Sold (Public Records) $82,450 Public Records
• 2003-04-17 Sold (MLS) $82,450 MiRealSource-MiMLS
• 2003-04-17 Sold (MLS) $82,450 REALCOMP
• 2003-03-25 Listing Removed — MiRealSource-MiMLS
• 2003-03-18 Listed $84,800 MiRealSource-MiMLS
• 2003-03-18 Listed $84,800 REALCOMP
• 2003-03-06 Listing Removed — REALCOMP
• 2002-10-02 Listed $84,900 REALCOMP
• 2002-04-22 Sold (Public Records) $40,000 Public Records
• 2002-04-11 Sold (MLS) $40,000 MiRealSource-MiMLS
• 2002-01-17 Listing Removed — MiRealSource-MiMLS
• 2002-01-02 Listed $49,900 MiRealSource-MiMLS

Property tax history

+10.0%/yr

Latest (2025): $2,972 · +2.2% YoY. Source: county tax records.