731 Spencer Street

About this home

Welcome to 731 Spencer Street in Ferndale, sitting on a rare double lot offering a versatile layout with 5 bedrooms and 2.5 baths. The home features two convenient entry-level bedrooms, providing flexibility for a home office, guest room, or main-floor living. Upstairs, you’ll find 3 additional bedrooms, creating plenty of space to spread out. Recent HVAC updates add comfort and peace of mind. With its flexible floor plan and desirable Ferndale location, this home offers a great opportunity to enjoy all that the area has to offer, including easy access to shopping, dining, entertainment, and major thoroughfares.

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 $374,900, or $195 per square foot, 6% below the city median, and has been on the market 80 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 $9,563 a year. A buyer who lives here would pay about $9,045 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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