575 Albany Street

About this home

Great Opportunity for a 1 1/2 Story Home That Can Be Used As A Multi-Generational Home or Investment Property! Screened Porch Entry into Main House - First Floor Offers Spacious Living Rm w/Natural Fireplace & HDWD Floors which Continue into Large Dining Room*Kitchen w/Farm Sink, Stove & Refrigerator & Room for a Breakfast Table*2-Bedrooms on First Floor with Full Ceramic Bath w/Claw Tub*Secure Entrance to the 2nd Floor Offering a Large Kitchen, Living Room, Bedroom & Full Ceramic Bath & Claw Tub*Unfinished Basement with 3 Cellars-Plenty of Storage Areas & Glass Block Windows*Newer Tilt-Out Vinyl Windows*HDWD Flrs In All Bedrooms*Second Screened Porch in Back of House*Detached 2-Car Garage & Fenced Yard*Just Blocks Away from Charming Fashionable Ferndale Stores & Restaurants!

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 $290,000, or $216 per square foot, 4% above the city median, and has been on the market 2 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 $2,971 a year. A buyer who lives here would pay about $2,662 to $6,906 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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