tomo logo

$260,000

Beds
3
Baths
1.0
sq ft
980

505 Saint Louis St, Ferndale, MI 48220

505 Saint Louis St

Ferndale, MI 48220

  • 16 days on market
Wonderful Ferndale Bungalow with knockout curb appeal and a location that can’t be beat, just across from a park and a short walk or bike ride to downtown Ferndale. Step into a bright and inviting living room, perfect for relaxing or entertaining. The roomy eat-in kitchen boasts rich cabinetry, granite countertops, stainless steel appliances, and custom trim that adds a touch of elegance. Two comfortable bedrooms and a stunning full bathroom with a contemporary vessel sink and custom tile work complete the entry level. Upstairs, a large private primary bedroom offers plenty of space to unwind. The basement provides laundry facilities and ample storage options. Outside, the big backyard is ready for outdoor fun, featuring a detached two-car garage. Welcome Home!

Details

Property type

Single Family Residence

Est. home value

$268,055

Lot size

5,227 sq ft

Price per sq ft

$266

Year built

1950

Annual property taxes

$4,573

Price History

12/06/2024
Realcomp

Realcomp #20240090760

Listed
$260,000
+52.94%
03/27/2017
MiRealSource

MiRealSource #31310162

Sold
$170,000
+36%
07/01/2014
Realcomp

Realcomp #214049102

Sold
$125,000
+123.21%

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

$109,335
Asking price
$260,000
Closing costs (~8% of asking)
-$20,800
Est. remaining loan balance
-$129,865
Cash to seller
$109,335

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

Seller’s Loan History

Lender

The Huntington National Bank

Loan start date

March 2017

Original loan amount

$153,000

Est. remaining balance

$129,865

Interest rate

4.17%

Loan type

New Conventional, 30 year

Seller

Christopher T Hughes and Carolyn R Hughes

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?

Similar Homes Nearby

Realcomp
$269,900
3 bd
|
1 ba
|
994 sq ft
|
House

2021 Central St, Ferndale, MI 48220

Realcomp
$225,000
3 bd
|
1 ba
|
1,013 sq ft
|
House

343 Pearson St, Ferndale, MI 48220

Realcomp
$224,900
3 bd
|
1 ba
|
1,026 sq ft
|
House

1957 Bonner St, Ferndale, MI 48220

Status: Active

Tomo last checked: 12/22/2024 at 9:20 PM

Listing updated: 12/13/2024 at 6:15 PM

Listed by: Jim Shaffer, Good Company Phone #: (248) 733-5811

MLS: Realcomp #20240090760

Realcomp logo

Recently listed in Ferndale

$249,900|2 bd|1.0 ba|House
$239,000|2 bd|1.0 ba|House
$250,000|2 bd|2.0 ba|House
$299,900|4 bd|1.5 ba|House
$345,000|4 bd|2.5 ba|House
$224,900|3 bd|1.0 ba|House
$324,900|3 bd|2.0 ba|House
$255,000|3 bd|1.5 ba|House
$225,000|2 bd|1.0 ba|House