315 W Cambourne Street

About this home

Classic 1928 brick triplex in Ferndale’s Woodward Heights subdivision offering three separate units, a shared basement with its own kitchen and full bath, a detached two-car garage, and a fenced yard shaded by mature trees. A covered front porch welcomes you to this timeless brick building, where vintage character shines through with crown molding, stained wood window trim, and vintage-style door hardware. The first-floor unit offers three bedrooms and one bath, and the two upper units each have one bedroom and a full bath. The upper units are bright and full of natural light, with one featuring rows of windows and a private balcony with wrought iron railings overlooking the tree-lined street, along with a kitchen offering a tray ceiling and built-in pantry. The other offers a kitchen with a large window over the sink and a tall built-in storage cabinet, plus a bedroom with generous closet space. The shared basement is a great bonus, with a full kitchen, a full bath with a shower, a laundry area with a utility sink, and extra storage. Out back, an elevated wood deck with stairs overlooks the yard, and the detached two-car garage comes outfitted with a built-in workbench, adjustable shelving, and wall-mounted storage racks. A great opportunity for investors, or for an owner-occupant looking to live in one unit and rent out the others. Welcome Home!

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 $438,000, or $155 per square foot, 25% below the city median, and has been on the market 4 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 $6,839 a year. A buyer who lives here would pay about $4,441 to $10,431 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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