2 months on rocket

1529 Silman St, Ferndale, MI, 48220

$290,000

Home List Price

$3,444*

Closing Credit

2 Full Baths, 1 Partial
1,538 SqFt
$189/SqFt
Multi

Location

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1529 Silman St, Ferndale$290,000

Buyer Closing Credits

$3,444*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1923
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240066965
Lot Size0.11 Acres
StatusActive

About 1529 Silman St

INVESTOR WANTED, won't last! Great revenue generation total $2500/Month, $1100 upper- lease up Sept 2025, and $1375 lower lease up Jan 2025. Clean thoroughly updated occupied duplex. Newer siding and windows. Fresh hardwood floors, new vinyl flooring, remodeled lower bath. Each unit is two bedrooms and each includes a large a den that could be used as a third sleeping area with a rolling closet. Entry level unit has a very large covered porch. Upper has an enclosed private covered landing. House includes a full basement which houses a washer/dryer tenants utilize and share as well as plenty of storage area. There is a large private back yard which is fenced on 3 sides and shared. Upper pays elec. Entry level pays gas.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1923
  • Stories: 2
  • Living Area: 1,538 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Luke G Johnson

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Paved

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: w of John R n of 8mi

Price Information

Listing Price Info

Price Summary:

  • List Price: $290,000
  • Price Per SqFt: $189/SqFt

Tax Information:

  • Annual Amount: $2,986
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ferndale, MI.

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Ferndale, MI

City

Med. Sold Price

$252.1K

Med. Price/SqFt

$233

Avg. Days On Market

23

# of Sold Homes

31

1529 Silman St vs Ferndale

65 DAYS ON ROCKET

+42 Days

$290,000

+$37.8K More

$189/SqFt

-$45 Less

KEY TAKEAWAY

This property is $37.8K more than the Median Sold Price and $45/SqFt less than other homes in Ferndale, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240066965

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Luke G Johnson

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 26, 2002Home Sold
$129,500

Tax History

YEARPROP. TAXASSESSMENT
2021$2,986$72,860
2020$2,936$67,220
2018$2,887$50,330
2017$2,832$49,270

History based on county public records data.

Payment Calculator

$1,515

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$936

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-298103
2
/10

  • United Oaks Elementary School

  • 1001 E Harry Ave

  • 0.92 miles

  • Public District Grades KG-5

school-card-donut-298104
2
/10

  • Hoover Elementary School

  • 23720 Hoover Ave

  • 1.45 miles

  • Public District Grades PK-5

school-card-donut-298105
2
/10

  • Pasteur Elementary School

  • 19811 Stoepel St

  • 1.86 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,925. Residents of Ferndale, MI typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Oakland County›Ferndale›48220›1529 Silman St

This home is located at 1529 Silman St in Ferndale, MI and zip code 48220. This 1,538 square foot home, which was built in 1923, sits on a 0.11 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $290,000.

While more than 14 listings in Ferndale, MI in October 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 9 were sold below. The number of listings in Ferndale, MI increased by 12.5% between September 2024 and October 2024. In October 2024, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $252,112.

From Rocket Homes Real Estate and based on county public records data.

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