Sold
8503 Colgate Street, Oak Park, MI 48237
Sold on 05/22/2026 for$185,000
MLS # 20261026047 (Realcomp)
2 beds1 bath798 sqftBuilt 19200.13 acres
1 / 60
Listing Description
Super charming and adorable ranch in Oak Park filled with custom details, cozy vibes, and unique character throughout. Fantastic curb appeal welcomes you with a large front yard, tree-lined driveway, warm wood-paneled exterior, and a striking front-facing brick chimney. Step through the entry foyer into a spacious, light-filled living room featuring a stunning hand-painted ceiling mural, a cozy fireplace with wood mantel, and charming built-ins. The roomy eat-in kitchen offers delightful retro flair with a vintage counter, wine cork backsplash, and plenty of space for casual dining. Two nice-sized bedrooms share a full bath, including one bedroom with built-ins beneath a beautiful glass block window that brings in soft natural light. A stone floor breezeway just off the kitchen provides convenient access to the driveway, backyard, and attached garage. The full basement includes laundry, ample storage, and exciting finishing potential for additional living space. Outside, enjoy a fenced backyard perfect for relaxing, gardening, or entertaining. Great location close to the Detroit Zoo, downtown Ferndale, and Royal Oak with easy access to shopping, dining, and parks. Welcome Home!
Source: SparkMLS
About this home
2-bedroom, 1-bath, 798 sq ft home in Oak Park built in 1920.
Closed at $185,000 (about $232/sq ft).
Estimated annual property tax: $1,610, or about $134 monthly. 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
Bedrooms2
Bathrooms1
Living Area798 sqft
Lot Size0.13 acres
Year Built1920
Stories1
Location
CityOak Park
MunicipalityOak Park City
Zip Code48237
CountyOakland
School DistrictFerndale
Construction & Systems
ConstructionWood Siding
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/16/2026
Sold Date5/21/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,610
State Equalized Value$93,800
Taxable Value$26,845
Parcel #2528176007
Source: Public Records
Legal Description
T1N, R11E, SEC 28 BURROAK SUBDIVISION LOT 45
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jim Shaffer
Good Company
Frequently Asked Questions about 8503 Colgate Street, Oak Park, MI 48237
Which school district serves 8503 Colgate Street, Oak Park, MI 48237?
Per MLS# 20261026047, 8503 Colgate Street, Oak Park, MI 48237 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 8503 Colgate Street, Oak Park, MI 48237?
Per MLS# 20261026047, 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 8503 Colgate Street, Oak Park, MI 48237?
Per public tax records, annual property taxes for this property are $1,610. 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, 8503 Colgate Street, Oak Park, MI 48237 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.
Is 8503 Colgate Street, Oak Park, MI 48237 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 8503 Colgate Street, Oak Park, MI 48237?
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$1,167
Principal & interest$1,167
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
8503 Colgate Street, Oak Park, MI 48237
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County
Oakland County
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