1605 Silman Street

About this home

Ferndale, Michigan! Located at 1605 Silman in Ferndale, this home offers great potential for buyers looking to add their own personal touches. Several important updates have already been completed, including a new furnace in 2023 and a new water heater in 2022. The refrigerator is included in the sale, and the home features a wall-mounted air conditioning unit. Outside, enjoy an oversized two-car garage offering plenty of space for parking, storage, or projects. The fenced backyard provides additional outdoor space and privacy. With its desirable Ferndale location, spacious garage, fenced yard, and key mechanical updates, this property is full of potential for homeowners, investors, or buyers looking for their next renovation project.

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 $160,000, or $166 per square foot, 20% 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 $1,864 a year. A buyer who lives here would pay about $1,594 to $4,175 a year once the taxable value resets after the sale, at the 2025 homestead rate of 51.68 mills for Ferndale City and Hazel Park 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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