139 Edgewood Place

About this home

Welcome to 139 Edgewood, ideally located in Ferndale, just west of Woodward Avenue! This charming and well-maintained licensed two-unit property offers a fantastic opportunity for investors or owner-occupants alike. The lower unit features 3 bedrooms and 1 full bath, while the upper unit offers 1 bedroom and 1 full bath. Both units showcase character and charm throughout, with pride of ownership evident in the care and maintenance of the property. The shared basement provides laundry facilities and additional storage. Looking for a single-family layout? The property can also be converted back to a single-family home by removing the existing partition, with the staircase already in place. Numerous updates include improvements to plumbing and electrical, newer windows, and a furnace less than one year old with City of Ferndale permits. Brand-new carpet was just installed in the lower unit bedrooms. All appliances are included in the sale. Turnkey and ready for its next owner to enjoy as a two-unit investment or bring their own vision to life. Great location close to Ferndale's restaurants, shopping, entertainment, and everything the area has to offer. Seller is the listing agent. Sq.ft source is estimated

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Ferndale

Over the last 90 days, 101 homes sold in Ferndale for a median of $262,000, about $207 per square foot, and the typical one went under contract in 12 days. This home is listed at $240,000, or $134 per square foot, 35% below the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ferndale sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $2,020 a year. A buyer who lives here would pay about $1,272 to $5,715 a year once the taxable value resets after the sale, at the 2025 homestead rate of 47.16 mills for Ferndale City and Ferndale schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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