tomo logo

$250,000

Beds
3
Baths
1.0
sq ft
895

265 E Drayton St, Ferndale, MI 48220

265 E Drayton St

Ferndale, MI 48220

  • 72 days on market
    • Price drop $10,000↓
DON'T MAKE A MOVE WITHOUT seeing this beautifully well maintained 3-bedroom, 1-bath ranch. This home offers the perfect blend of comfort and style in one of Ferndale’s most desirable neighborhoods. Step into the inviting living room, where natural light pours in through large windows, complementing the warm, cozy atmosphere. The large eat-in kitchen is bright, updated with modern cabinetry, abundance of work space, gorgeous granite, and quality stainless steel appliances; dishwasher, gas stove, refrigerator with water/ice dispenser, microwave and sink disposal. Hardwood flooring in living room and hallway, new carpet in bedrooms. The main floor bathroom is remodeled and beautiful with new vanity, quartz counter, nickel modern faucets and hardware, and recessed lighting. Bedrooms are spacious with recessed lighting, great closet space, neutral paint and finishes, so you can move right in. The outstanding finished basement offers incredible versatility—whether you’re looking to use as a home office, entertainment room, or extra living space, the possibilities are endless! With ample storage and the potential for a second bathroom (toilet already there and installed, plumbed for the rest), it’s a standout feature of this home. Outside, you'll love the spacious yard, ideal for gardening, outdoor gatherings, or simply unwinding in a private, serene environment. The fenced yard, lush landscaping and mature trees provide both shade and beauty, making the outdoor space as inviting as the interior. This home is just minutes away from Ferndale's vibrant downtown, where you'll find shops, dining, and entertainment. With its combination of the finished basement, lovely yard, move in condition, and a fantastic location, this ranch is a true gem!

Details

Property type

Single Family Residence

Est. home value

$278,533

Lot size

5,227 sq ft

Price per sq ft

$280

Year built

1980

Annual property taxes

$6,154

Price History

09/30/2024
Realcomp

Realcomp #20240065499

Price change
$250,000
-3.85%
09/03/2024
Realcomp

Realcomp #20240065499

Listed
$260,000
+36.84%
03/24/2020
Realcomp

Realcomp #2200008778

Sold
$190,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ferndale

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$66,549
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$163,451
Cash to seller
$66,549

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Us Bank Na

Loan start date

March 2020

Original loan amount

$180,500

Est. remaining balance

$163,451

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Elle Hamway

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/15/2024 at 10:30 AM

Listing updated: 11/06/2024 at 12:55 PM

Listed by: Caron Koteles Riha, Real Estate One-Rochester Phone #: (248) 652-6500

MLS: Realcomp #20240065499

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