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$225,000

Beds
2
Baths
1.0
sq ft
829

381 E Cambourne St, Ferndale, MI 48220

381 E Cambourne St

Ferndale, MI 48220

  • 4 days on market
Welcome to your dream home, perfectly situated within walking distance to vibrant downtown Ferndale and a short drive to downtown Royal Oak! This move-in-ready ranch offers charm and convenience with updated finishes, gleaming hardwood floors, and a cozy atmosphere throughout. The beautifully finished basement provides additional living space, perfect for entertaining or relaxing. Enjoy the privacy of a fenced backyard, ideal for outdoor gatherings, and take advantage of parking in the rear for added convenience. With easy access to freeways and all appliances included, this home truly has it all! Don’t miss out—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$216,252

Lot size

3,920 sq ft

Price per sq ft

$272

Year built

1923

Annual property taxes

$6,760

Price History

01/02/2025
Realcomp

Realcomp #20250000117

Listed
$225,000
+22.95%
07/16/2021
Realcomp

Realcomp #2210038403

Sold
$183,000
-1.03%
08/09/2019
Realcomp

Realcomp #219057283

Sold
$184,900
+25.78%

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

$107,053
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$99,947
Cash to seller
$107,053

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

Seller’s Loan History

Lender

First Securities Financial Services Inc

Loan start date

July 2021

Original loan amount

$108,000

Est. remaining balance

$99,947

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

Julius Credeur

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: 01/07/2025 at 3:25 AM

Listing updated: 01/05/2025 at 2:15 PM

Listed by: Anthony Djon, Anthony Djon Luxury Real Estate Phone #: (248) 747-4834

MLS: Realcomp #20250000117

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