Sold
531 ALBANY Street, Ferndale, MI 48220
Sold on 04/05/2023 for$205,000
MLS # 20230022291 (Realcomp)
2 beds1 bath1,016 sqftBuilt 19400.13 acres
1 / 26
Listing Description
Fantastic Ferndale Bungalow, features an open floor plan and partially finished basement. Kitchen has nice granite countertops and a farmhouse sink. Basement has great new flooring, paint, and features a space for home office/workout space. Laundry room has ample storage. New privacy fence let's you entertain guests all summer long. The home also has a detached two car garage. You are less than a mile from downtown Ferndale, you can walk, ride your bike, or rollerblade for endless entertaining, dining, and shopping.
Source: SparkMLS
About this home
Located in Ferndale, this property offers 2-bedroom, 1-bath, 1,016 sq ft, with original construction dating to 1940.
Final sale price: $205,000 (about $202/sq ft).
Annual property taxes run approximately $2,221 ($185/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area1,016 sqft
Lot Size0.13 acres
Year Built1940
Stories1
Location
CityFerndale
MunicipalityFerndale City
Zip Code48220
CountyOakland
School DistrictFerndale
Construction & Systems
ConstructionAluminum Siding
BasementPartial
Garage1.5 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed3/26/2023
Sold Date4/4/2023
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,221
State Equalized Value$122,830
Taxable Value$122,830
Parcel #2534108013
Source: Public Records
Legal Description
T1N, R11E, SEC 34 ELSINORE SUB LOT 87
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Damon Johnson
ICON Realty Experts, LLC
Frequently Asked Questions about 531 ALBANY Street, Ferndale, MI 48220
Which school district serves 531 ALBANY Street, Ferndale, MI 48220?
Per MLS# 20230022291, 531 ALBANY 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.
Can I use FHA or VA financing for this property?
Per MLS# 20230022291, 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 531 ALBANY Street, Ferndale, MI 48220?
Per public tax records, annual property taxes for this property are $2,221. 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, 531 ALBANY Street, Ferndale, MI 48220 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
What utilities serve 531 ALBANY Street, Ferndale, MI 48220?
Per Michigan Public Service Commission service territory data: 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.
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Monthly payment$1,330
Principal & interest$1,330
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Property
531 ALBANY Street, Ferndale, MI 48220
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County
Oakland County
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