Opportunity awaits at this investor-friendly home! This 3-bedroom, 1-bathroom home is a diamond in the rough, perfect for savvy real estate investors or ambitious homeowners looking for a rewarding project. The home's potential is undeniable. The main living area offers a solid foundation to create a modern, inviting space, and the unfinished attic boasts an additional 620 square feet, ready to be transformed into a master suite, bonus room, or home office—the possibilities are endless! Located in vibrant Ferndale, you'll be just minutes from downtown shops, restaurants, and entertainment. With vision and effort, this property could become a stunning example of urban living or a profitable addition to your portfolio. Don't miss this incredible investment opportunity. Bring your ideas and contractor, and make this house a home! Sold as-is.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1924
Stories: 1
Living Area: 1,372 SqFt
Listing Office:
Office Name: Keller Williams Paint Creek
Office Phone: (248) 609-8000
Listing Agent: Vence J McBride
Interior Features
Interior Information:
Appliances: Electric Oven
Basement: Yes
Fireplace: Living Room
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Fenced
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Cooling: Ceiling Fan(s), Central Air
Other
Directions Information:
Directions: South of 696, West of Pinecrest
Price Information
Listing Price Info
Price Summary:
List Price: $265,000
Price Per SqFt: $193/SqFt
Tax Information:
Annual Amount: $3,829
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Ferndale, MI.
This property is $12.8K more than the Median Sold Price and $41/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: #20240087229
Listing Office:
Office Name: Keller Williams Paint Creek
Office Phone: (248) 609-8000
Listing Agent: Vence J McBride
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,390
Per Month
Principal & Interest
$1,323
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$861
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
John F. Kennedy Elementary School
24220 Rosewood St
Distance between this listing and this school0.69 miles
Public Magnet Grades 3-5
1
/10
Key Elementary School
23400 Jerome St
Distance between this listing and this school1.36 miles
Public District Grades PK-5
2
/10
Pasteur Elementary School
19811 Stoepel St
Distance between this listing and this school1.97 miles
Public District Grades PK-6
Nearby Schools
2
/10
Ferndale Middle School
725 Pinecrest Dr
Distance between this listing and this school0.90 miles
Public District Grades 6-8
1
/10
Oak Park Preparatory Academy
23261 Scotia Rd
Distance between this listing and this school1.35 miles
Public District Grades 6-8
5
/10
Royal Oak Middle School
709 N Washington Ave
Distance between this listing and this school1.98 miles
Public District Grades 6-8
Nearby Schools
4
/10
University High School
2521 Bermuda St
Distance between this listing and this school0.74 miles
Public District Grades 9-12
5
/10
Ferndale High School
881 Pinecrest Dr
Distance between this listing and this school0.93 miles
Public District Grades 9-12
1
/10
Tri County Educational Center
21131 Garden Ln
Distance between this listing and this school1.21 miles
The neighbors living near this home have an average income of $70,913. Residents of Ferndale, MI typically earn between $100k-200k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 767 W Drayton St
What is the listing price of this property?
The listing price of 767 W Drayton St property is $265,000.
What type of property is this?
The property 767 W Drayton St is a house located in Ferndale, Michigan, 48220.
Is this property for sale now?
Active Listing: 767 W Drayton 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 $3,829 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 767 W Drayton St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 767 W Drayton St is 1,372 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 767 W Drayton St is 1924.
This home is located at 767 W Drayton St in Ferndale, MI and zip code 48220. This 1,372 square foot home, which was built in 1924, sits on a 0.13 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $265,000.
Ferndale, MI housing market in October 2024 saw over 14 listings sold above listed price, more than 8 sold at listed price and over 9 sold below. The number of homes for sale 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.