Sold
507 Vester Street, Ferndale, MI 48220
Sold on 07/10/2026 for$215,000
MLS # 20261035557 (Realcomp)
3 beds1 bath946 sqftBuilt 19630.09 acres
1 / 33
Listing Description
Why rent when you can own? Better than renting and completely move-in ready, this charming 3-bedroom, 1-bath ranch offers an incredible opportunity to enjoy homeownership in the heart of vibrant downtown Ferndale! Imagine walking to your favorite restaurants, coffee shops, boutiques, nightlife, and community events—all just steps from your front door. Inside, you'll find newer luxury vinyl plank flooring throughout, creating a fresh, modern feel that's ready for you to move right in. Major updates include a tear-off roof (2021) and brand-new central air conditioning (2025), providing peace of mind for years to come. A storage shed in the spacious rear yard offers additional room for tools, bikes, and seasonal items. Whether you're a first-time buyer looking to build equity instead of paying rent or an investor seeking a turnkey addition to your rental portfolio, this home checks all the boxes. Don't miss your chance to own an affordable, low-maintenance home in one of Metro Detroit's most sought-after downtown communities!
Source: SparkMLS
About this home
3-bedroom, 1-bath, 946 sq ft home in Ferndale in Ferndale built in 1963.
Final sale price: $215,000 (about $227/sq ft).
Property tax estimate: $4,391 per year ($366/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area946 sqft
Lot Size0.09 acres
Year Built1963
Stories1
Location
CityFerndale
MunicipalityFerndale City
Zip Code48220
CountyOakland
School DistrictFerndale
Construction & Systems
ConstructionVinyl Siding
BasementSlab
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/23/2026
Sold Date7/9/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$4,391
State Equalized Value$88,040
Taxable Value$84,760
Parcel #2527487013
Source: Public Records
Legal Description
T1N, R11E, SEC 27 URBANREST SUB E 11 FT OF LOT 30 & ALL OF LOT 31 BLK 24
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Christine Oglesby
@properties Christie's Int'l RE Northville
Frequently Asked Questions about 507 Vester Street, Ferndale, MI 48220
Which school district serves 507 Vester Street, Ferndale, MI 48220?
Per MLS# 20261035557, 507 Vester Street, Ferndale, MI 48220 is in the Ferndale boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ferndale directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261035557, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 507 Vester Street, Ferndale, MI 48220?
Per public tax records, annual property taxes for this property are $4,391. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 507 Vester Street, Ferndale, MI 48220 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 507 Vester Street, Ferndale, MI 48220 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 507 Vester Street, Ferndale, MI 48220?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Mortgage Calculator
$
%
$
$
$
Monthly payment$1,427
Principal & interest$1,427
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
507 Vester Street, Ferndale, MI 48220
View full property history →
Municipality
Ferndale
View all listings →
County
Oakland County
View county overview →
Get email alerts for new listings near 507 Vester Street
We'll notify you when something hits the market in Ferndale or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.