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$250,000

Beds
3
Baths
1.0
sq ft
1,057

325 E Drayton St, Ferndale, MI 48220

325 E Drayton St

Ferndale, MI 48220

  • 4 days on market
    • Open house Feb 23
Highest & Best offers due Sun 2/23 at 6:30PM. Discover the perfect blend of charm and modern updates in this beautifully maintained 3-bedroom, 1-bath bungalow, ideally situated within walking distance of downtown Ferndale. With 1,057 sq ft of inviting living space, this home offers thoughtful renovations and a functional layout designed for comfort and style.Step inside to find a bright and airy living room with bamboo wood floors, seamlessly flowing into the renovated kitchen (2016), featuring quartz countertops, new cabinetry, and a modern backsplash. The first floor has been remodeled to create a larger bedroom space, while the updated bathroom boasts contemporary finishes. A sun-filled 3-season room at the back of the home provides a cozy retreat or versatile flex space.Upstairs, an expansive bonus room with luxury vinyl plank flooring offers endless possibilitiesuse it as a primary suite, home office, or additional living area. Thoughtful updates throughout include PEX plumbing (2016), R30 insulation in the upstairs ceiling (2024), and plumbing rough-ins for a potential second bathroom. Outside, enjoy the pollinator-friendly front garden, a mostly fenced backyard, and a storage shed for added convenience. Major mechanical updates include a complete roof tear-off (2016) with a warranty, a new furnace and A/C (2023), basement waterproofing by Everdry (2018), and a cleaned-out cast iron sewer line. Nestled on a quiet tree-lined street, this home is just minutes from Ferndale's vibrant shops, dining, and entertainment while offering a peaceful residential feel. Don't miss this rare opportunityschedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$216,159

Lot size

5,227 sq ft

Price per sq ft

$237

Year built

1923

Annual property taxes

$4,755.04

Price History

02/18/2025
Realcomp

Realcomp #81025005928

Listed
$250,000
+117.39%
06/17/2016
Realcomp

Realcomp #216049425

Sold
$115,000

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

$88,622
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$141,378
Cash to seller
$88,622

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

Seller’s Loan History

Lender

Level One Bank

Loan start date

July 2021

Original loan amount

$153,425

Est. remaining balance

$141,378

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Katherine Huttenlocher

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?

Status: Active

Tomo last checked: 02/23/2025 at 6:10 AM

Listing updated: 02/22/2025 at 7:41 PM

Listed by: Sarah Maiga, Sarah Maiga, Maiga HomesMaiga Homes Phone #: (248) 821-6909

MLS: Realcomp #81025005928

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