tomo logo

$265,000

Beds
3
Baths
1.5
sq ft
1,680

368 University St, Ferndale, MI 48220

368 University St

FerndaleCity_Oakland, MI 48220

  • 1 day on market
Impeccably remodeled Ferndale gem! Stunningly updated 3-bedroom brick bungalow in one of Ferndale's hottest neighborhoods!! Perfectly situated within walking distance to all the amazing restaurants, shops, and entertainment this vibrant area has to offer. Step inside to discover a modern open floor plan featuring a gourmet kitchen with custom cabinetry, a walk-in pantry, and brand-new stainless steel appliances-perfect for cooking and entertaining! The beautifully designed bathroom boasts sleek tile work and a luxurious soaking tub, creating a spa-like retreat. Spacious bedrooms offer ample storage, while the finished basement provides two versatile areas-ideal for a home office, gym, or additional living space-plus a convenient half bath and laundry room. Outside, enjoy the fully fenced yard, complete with a great patio for summer gatherings and a spacious garage for extra storage. New Furnace & AC. Updated plumbing & electrical. Schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$202,404

Lot size

5,227 sq ft

Price per sq ft

$158

Year built

1944

Annual property taxes

$3,837

HOA

Yes

Price History

04/02/2025
Realcomp

Realcomp #57050170228

Listed
$265,000
+49.51%
10/29/2020
Realcomp

Realcomp #2200066639

Sold
$177,250

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High 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

$92,111
Asking price
$265,000
Closing costs (~8% of asking)
-$21,200
Est. remaining loan balance
-$151,689
Cash to seller
$92,111

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

Seller’s Loan History

Lender

Genisys Cu

Loan start date

October 2020

Original loan amount

$168,387

Est. remaining balance

$151,689

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Kaitlyn Nicole Dowen and Kyle Jeroen Costhoek

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: 04/03/2025 at 2:30 PM

Listing updated: 04/03/2025 at 1:46 PM

Listed by: Victoria Camaj, Providence Properties, Realty & Management Phone #: (734) 486-5540

MLS: Realcomp #57050170228

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