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$385,000

Beds
3
Baths
2.0
sq ft
1,566

364 E Marshall St, Ferndale, MI 48220

364 E Marshall St

Ferndale, MI 48220

  • 146 days on market
    • Price drop $3,000↓
SELLER WILL PAY $5500 TOWARDS BUYER CLOSING COSTS. Enjoy everything Ferndale has to offer! Recently updated Historic home with vintage charm in a Close to restaurants/bars, parks and shopping, this charming 3-bedroom bungalow with 2 full baths with subway tile is also perfect for entertaining at home! The kitchen features an open window pass-through with a sealed butcher block counter that makes for an ideal gathering place. With an open floor plan great for get-togethers, the French doors lead to the new Trex deck, backyard patio, mature arborvitaes and hostas. A redbud tree, roses, ombre' hydrangeas, peonies, iris and lilacs bloom every year adding amazing color in the front and back yards. Work from home in the first floor bedroom/office with new carpet and an attached full bath. The unique staircase offers additional storage space. The primary bedroom has a walk-in closet and a cozy nook ideal for a desk, vanity, crib, yoga or a dressing area. Enjoy beautiful natural light, morning and afternoon. Wood floors throughout most of the house and newly installed luxury vinyl tile in the kitchen. New sump pump and hot water heater. Walk to Dessert Oasis for your morning coffee or take your dog to the Ferndale Dog Park (membership required.) Easily accessible to I-696, I-75 and the cultural gems and nightlife of Downtown Detroit and Southeast Michigan. Don't miss the opportunity to make this house your home! Exclusions - Dining Room Chandelier; Mirror on Mantle; Hanging Plant Pots; Primary Bedroom Light; Flowering Bushes

Details

Property type

Single Family Residence

Est. home value

$480,404

Lot size

5,227 sq ft

Price per sq ft

$246

Year built

1923

Annual property taxes

$5,350

Price History

11/10/2024
Realcomp

Realcomp #20240055309

Price change
$385,000
-0.77%
09/19/2024
Realcomp

Realcomp #20240055309

Price change
$388,000
-1.09%
07/29/2024
Realcomp

Realcomp #20240055309

Listed
$392,290
+114.37%

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

-$93,027
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$447,227
Cash to seller
-$93,027

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

Seller’s Loan History

Lender

Amerisave Mortgage Corp

Loan start date

January 2021

Original loan amount

$490,000

Est. remaining balance

$447,227

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Lauren A Zuk and Drew M Lessaris

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: 12/23/2024 at 1:00 PM

Listing updated: 11/11/2024 at 12:00 AM

Listed by: Karen L Miller, NHL Real Estate Phone #: (248) 415-5514

MLS: Realcomp #20240055309

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