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$305,000

Beds
3
Baths
2.0
sq ft
1,180

590 Spencer St, Ferndale, MI 48220

590 Spencer St

Ferndale, MI 48220

  • 2 days on market
Beautifully maintained 1920 home, recognized by the Ferndale Historical Society. This three-bedroom, two-full-bathroom residence features original hardwood floors that exude warmth and character. Recent updates include a brand-new driveway and sidewalk, a new chimney, a new garage roof, and freshly painted kitchen, dining, and main bedroom areas. Several other big ticket upgrades over the last 5 years. The front steps have been upgraded with durable trex decking materials, and the main sewer line has been replaced for peace of mind. Pet-friendly screens offer comfort for your furry friends, while the spacious 2.5-car garage is a dream for any hobbyist, complete with shelving and a pegboard for organizing tools. Enjoy life in vibrant Ferndale, a welcoming community filled with unique shops, eclectic dining, and a calendar of events that celebrate the city's artistic and inclusive spirit. This home is nestled in a neighborhood known for its walkability, friendly neighbors, and a true sense of belonging. Don’t miss your chance to own a piece of history and make new memories in one of Ferndale’s most treasured homes.

Details

Property type

Single Family Residence

Est. home value

$292,679

Lot size

3,920 sq ft

Price per sq ft

$259

Year built

1920

Annual property taxes

$3,912

Price History

01/04/2025
Realcomp

Realcomp #20250000712

Listed
$305,000
+144%
12/07/2013
Realcomp

Realcomp #213113413

Sold
$125,000

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

$189,482
Asking price
$305,000
Closing costs (~8% of asking)
-$24,400
Est. remaining loan balance
-$91,118
Cash to seller
$189,482

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

Seller’s Loan History

Lender

Ross Mortgage Corp

Loan start date

December 2013

Original loan amount

$118,750

Est. remaining balance

$91,118

Interest rate

4.28%

Loan type

New Conventional, 30 year

Seller

Brian Mishowski

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 3:15 AM

Listing updated: 01/06/2025 at 12:25 PM

Listed by: Jeffery M Willis, Coldwell Banker Town & Country Phone #: (517) 225-5262

MLS: Realcomp #20250000712

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