21385 Garden Lane
Ferndale, MI 48220
Single Family Residence · MLS # 20261082124 · Listing courtesy of Keller Williams Legacy
About this home
INVESTOR OPPORTUNITY IN FERNDALE! THIS 2-BEDROOM, 1-BATH RANCH OFFERS APPROXIMATELY 1,100 SQ FT AND IS READY FOR A FULL REHAB. THE PROPERTY SITS ON A CRAWL SPACE AND DOES NOT HAVE A GARAGE. NEW CONSTRUCTION IS TAKING PLACE THROUGHOUT THE NEIGHBORHOOD, INCLUDING DIRECTLY NEXT DOOR AND ACROSS THE STREET. GREAT VALUE-ADD POTENTIAL FOR INVESTORS LOOKING TO RENOVATE AND RESALE OR HOLD AS A RENTAL. SCHEDULE YOUR WALKTHROUGH TODAY!
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 $55,000, or $54 per square foot, 74% below the city median, and has been on the market 28 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 $2,129 a year. A buyer who lives here would pay about $700 to $1,296 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
Similar homes in Ferndale
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