561 Edgewood Place

About this home

Charming Ferndale Ranch Steps from Downtown Welcome to this cute, updated 3-bedroom, 1-bath ranch tucked at the very end of a quiet dead-end street. As the last house on the block, it offers extra privacy you won’t find on most streets, and you’re still an easy walk from the restaurants, shops, and nightlife that make downtown Ferndale such a draw. Fresh paint throughout and a touched-up bath make this well-cared-for home truly move-in ready. The partially finished basement adds flexible living space for entertaining, a rec room, home office, or hobby area. Commuting and errands are a breeze with quick access to Woodward and 8 Mile, connecting you to the freeways and plenty of shopping. Come see why Ferndale living is so hard to beat

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 $255,000, or $240 per square foot, 16% above the city median, and has been on the market 18 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 $4,054 a year. A buyer who lives here would pay about $2,709 to $6,073 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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