21004 Reimanville Avenue

About this home

The house maintains all for a grand family home, with five well-structured bedrooms, 3 will modernized bathrooms, and great looking full sizeable bathroom in the basement. In addition to these special qualities, the house maintains a sizeable living room and the dining room. Under this status, considering the functionals of the house, it is highly suitable for large family occupancy and ownership, rental investment opportunities, or a buyer exploring licensed/approved group living, supportive housing, or residential care-style use, subject to municipal, zoning, licensing, and state approvals, Additional highlights include a full brick exterior, covered front porch, basement storage, and a rare combination of bedroom and bathroom count at this price point. Conveniently located near Woodward, 8 Mile, I-75, Ferndale, Royal Oak, Detroit, shopping, dining, and major employment centers.The property maintains two conditions, which include improper main floor elevations, and clogged drain back up, which could be cured with an estimated amount of $15,000.00. With the view that the property is being sold "as its is', the price of the property, which is $205,000.00, is reduced to $190,000.00 or best offer, under the given circumstances of the property.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Ferndale

Over the last 90 days, 102 homes sold in Ferndale for a median of $263,500, about $207 per square foot, and the typical one went under contract in 12 days. This home is listed at $189,999, or $118 per square foot, 43% below the city median, and has been on the market 8 days. 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 $3,318 a year. A buyer who lives here would pay about $1,388 to $4,476 a year once the taxable value resets after the sale, at the 2025 homestead rate of 46.65 mills for Royal Oak Twp 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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