$1,579,500
SOLD OCT 31, 2025

500 E Maplehurst St Ferndale, MI 48220

Ferndale Area
-- Bed
10 Baths
9,694 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: October 31, 2025

$163 Per Sq Ft

4% Below List Price

20 Days on Market

Highlights

  • 0.29 Acre Lot
  • Heating System Uses Steam
  • High Speed Internet
  • Programmable Thermostat
  • Laundry Facilities

About This Home

As of October 2025

Located just south of Pleasant Ridge and a short 0.4-mile walk to Downtown Ferndale, this 10-unit multifamily property includes six two-bedroom and four one-bedroom apartments, all recently updated. With the median monthly cost to own a home in the immediate area around $1,953/month, the property offers a cost-effective rental alternative.

Last Agent to Sell the Property

Michael McClafferty

OakPointe Real Estate Advisors License #6501421721 Listed on: 07/20/2025

Last Buyer's Agent

Michael McClafferty

OakPointe Real Estate Advisors License #6501421721 Listed on: 07/20/2025

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1968 | Remodeled in 2023

Lot Details

  • 12,632 Sq Ft Lot
  • Lot Dimensions are 98x129

Parking

  • 10 Parking Spaces

Home Design

  • 9,694 Sq Ft Home
  • Brick Exterior Construction
  • Poured Concrete

Bedrooms and Bathrooms

  • 10 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • High Speed Internet

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 2527404014

Community Details

Overview

  • 10 Units
  • Woodward Heightsno 2 Ferndale Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,426

Year Built

Built in 1968 | Remodeled in 2023

Lot Details

0.29 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1968
  • State Equalized Value: 313100.00
  • Year Renovated: 2023
  • Pets Allowed: Call
  • Property Sub Type: MultiFamily
  • LotSizeAcres: 0.29
  • Co List Office Mls Id: 432912
  • Above Grade Finished Sq Ft: 9694.00
  • Living Area: 9694.00
  • ClassName: ResidentialIncome
  • ThirdPartyApprovalRequiredYN: No
  • Special Features: None

Interior Features

  • Interior Amenities: HighSpeedInternet, Other, ProgrammableThermostat
  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 10

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Poured
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Disclosures: ProjectedIncome, TaxesNotHomesteadExempt

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 10.00

Utilities

  • Heating: NaturalGas, Steam
  • Sewer: PublicSewer
  • Water Source: Other
  • Laundry Features: CommonArea

Schools

  • Junior High Dist: Ferndale

Lot Info

  • Lot Dimensions: 98X129
  • Parcel Number: 2527404014
  • Land Lease Expiration Date: 2025-09-26
  • Zoning Description: Residential

Rental Info

  • Rent Includes: Heat, MaintenanceOffSite, Sewer, SnowRemoval, TrashCollection, Water, YardMaintenance
  • Monthly Rental Income: 14580.00

Tax Info

  • Tax Amount Summer: 22765.00
  • Tax Amount Winter: 661.00
  • Tax Annual Amount: 23426.00

Multi Family

  • Gross Scheduled Income: 174960.00
  • Number Of Units Total: 10
  • Above Grade Finished Area Units: SquareFeet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2025
Closed on
Oct 31, 2025
Sold by
Bought by
Seller's Agent
Michael McClafferty
OakPointe Real Estate Advisors
Buyer's Agent
Michael McClafferty
OakPointe Real Estate Advisors
List Price
$1,650,000
Sold Price
$1,579,500
Premium/Discount to List
-$70,500
-4.27%
Views
61

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$884,106
Interest Rate
6.3%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 30, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ferndale, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $1,579,500 First American Title
Deed -- None Available
Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,000,000 Credit Line Revolving
Previous Owner $427,500 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/04/2025 12/04/25 Off Market -- -- --
10/31/2025 10/31/25 Sold $1,579,500 -4.3% $163 / Sq Ft
08/10/2025 08/10/25 Pending -- -- --
07/21/2025 07/21/25 For Sale $1,650,000 0.0% $170 / Sq Ft
03/01/2025 03/01/25 For Rent -- -- --
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,856 $319,900 $0 $0
2024 $22,765 $313,100 $0 $0
2023 $22,579 $313,100 $0 $0
2022 $22,347 $295,750 $0 $0
2021 $22,674 $291,850 $0 $0
2020 $15,459 $278,680 $0 $0
2019 $15,561 $257,810 $0 $0
2017 $15,453 $215,290 $0 $0
2015 -- $189,290 $0 $0
2014 -- $181,450 $0 $0
2011 -- $201,040 $0 $0
Source: Public Records

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Map

Source: Realcomp

MLS Number: 20251018861

Realcomp
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