Sold
587 E DRAYTON Street, Ferndale, MI 48220
Sold on 06/03/2025 for$142,000
MLS # 20250033253 (Realcomp)
2 beds1 bath1,434 sqftBuilt 19250.1 acres
1 / 15
Listing Description
Charming Ranch Just North of Downtown Ferndale!This solid 2-bedroom ranch is located in a quiet, low-crime neighborhood just north of downtown Ferndale, with easy access to the Detroit Zoo, restaurants, shopping, and nightlife. Enjoy peace of mind with key updates including a new hot water tank (2024), furnace (2023), and updated plumbing with new main water and gas lines. The home also features new flooring (2023) in the living room and kitchen, 2014 windows, and an updated fuse box (2014).Highest and Best offers due by Tuesday, May 13th at 5:00 PM. Don’t miss this opportunity to own in one of Metro Detroit’s most sought-after communities!
Source: SparkMLS
About this home
2-bedroom, 1-bath, 1,434 sq ft home in Ferndale in Ferndale built in 1925.
Final sale price: $142,000 (about $99/sq ft).
Property tax estimate: $1,524 per year ($127/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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 10 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area1,434 sqft
Lot Size0.1 acres
Year Built1925
Stories1
Location
CityFerndale
MunicipalityFerndale City
Zip Code48220
CountyOakland
School DistrictFerndale
Construction & Systems
ConstructionAluminum Siding
BasementPartial
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished, Home Warranty
Sale & Financing
Listed5/7/2025
Sold Date6/2/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,524
State Equalized Value$98,180
Taxable Value$25,610
Parcel #2527401029
Source: Public Records
Legal Description
T1N, R11E, SEC 27 WOODWARD HTS SUB NO 2 LOT 276, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Robi Redzic
EXP Realty Main
Frequently Asked Questions about 587 E DRAYTON Street, Ferndale, MI 48220
Which school district serves 587 E DRAYTON Street, Ferndale, MI 48220?
Per MLS# 20250033253, 587 E DRAYTON 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 financing options are available for 587 E DRAYTON Street, Ferndale, MI 48220?
Per MLS# 20250033253, 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 587 E DRAYTON Street, Ferndale, MI 48220?
Per public tax records, annual property taxes for this property are $1,524. 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, 587 E DRAYTON 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 587 E DRAYTON 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 587 E DRAYTON Street, Ferndale, MI 48220. The maximum advertised download speed is 5.0 Gbps. 10 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 587 E DRAYTON 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.
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Monthly payment$908
Principal & interest$908
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
10 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
587 E DRAYTON Street, Ferndale, MI 48220
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Municipality
Ferndale
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County
Oakland County
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