22 days on rocket

581 Spencer St, Ferndale, MI, 48220

$263,500

Home List Price

$3,129*

Closing Credit

3 Bedrooms
1 Full Bath
1,530 SqFt
$172/SqFt
House

Location

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581 Spencer St, Ferndale$263,500

Buyer Closing Credits

$3,129*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1916
HeatingNatural Gas, Forced Air
CoolingCeiling Fan(s), Central Air
BasementYes
MLS #20240081776
Lot Size0.10 Acres
StatusActive

About 581 Spencer St

Welcome Home! This sizable classic Ferndale bungalow has plenty of charm inside and out. Relax on the covered front porch or entertain company on the oversized back deck. Beautifully refinished hardwood floors throughout the living area and upstairs. It features a large kitchen with updated flooring, huge island with additional counter-space, a sliding glass door to the back deck that overlooks the fenced-in backyard. The large bathroom has a jetted tub, double sinks, and a standing shower. This friendly, neighborhood street is just a short distant to all downtown has to offer with shopping, dining, and entertainment. Don't miss this opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1916
  • Stories: 2
  • Living Area: 1,530 SqFt

Listing Office:

  • Office Name: DOBI Real Estate
  • Office Phone: (248) 385-3350
  • Listing Agent: Shane Wilson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Oven, Refrigerator, Microwave, Washer
  • Basement: Yes
  • Interior: Jetted Tub

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fenced

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: East on Spencer off of Hilton

Price Information

Listing Price Info

Price Summary:

  • List Price: $263,500
  • Price Per SqFt: $172/SqFt

Tax Information:

  • Annual Amount: $2,828
  • 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

581 Spencer St vs Ferndale

22 DAYS ON ROCKET

-1 Day

$263,500

+$11.3K More

$172/SqFt

-$62 Less

KEY TAKEAWAY

This property is $11.3K more than the Median Sold Price and $62/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: #20240081776

Listing Office:

  • Office Name: DOBI Real Estate
  • Office Phone: (248) 385-3350
  • Listing Agent: Shane Wilson

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, 10:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 04, 2021Home Sold
$226,000
Dec 16, 1998Home Sold
$106,500

Tax History

YEARPROP. TAXASSESSMENT
2021$2,828$83,020
2020$2,780$75,930
2018$2,791$64,250
2017$2,755$64,150

History based on county public records data.

Payment Calculator

$1,383

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$856

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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-256394
2
/10

  • United Oaks Elementary School

  • 1001 E Harry Ave

  • 1.37 miles

  • Public District Grades KG-5

school-card-donut-256395
2
/10

  • Pasteur Elementary School

  • 19811 Stoepel St

  • 1.42 miles

  • Public District Grades PK-6

school-card-donut-256396
2
/10

  • Hoover Elementary School

  • 23720 Hoover Ave

  • 1.86 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,365. Residents of Ferndale, MI typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 581 Spencer St

What is the listing price of this property?

The listing price of 581 Spencer St property is $263,500.

What type of property is this?

The property 581 Spencer St is a house located in Ferndale, Michigan, 48220.

Is this property for sale now?

Active Listing: 581 Spencer St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,828 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 4, 2021 for $226,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 581 Spencer St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 581 Spencer St is 1,530 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 581 Spencer St is 1916.

Rocket Homes›Michigan›Oakland County›Ferndale›48220›581 Spencer St

This home is located at 581 Spencer St in Ferndale, MI and zip code 48220. This 1,530 square foot home, which was built in 1916, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $263,500.

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 inventory of homes for sale in Ferndale, MI between September 2024 and October 2024 increased by 12.5%. In October 2024 median list price was $252,112 and the average listing age was 23 days.

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

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