$138,000
SOLD FEB 22, 2023

507 Spencer St Ferndale, MI 48220

2 Beds
1 Bath
935 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$148 Per Sq Ft

5% Below List Price

172 Days on Market

Highlights

  • Fenced Yard
  • Bungalow
  • Carpet
  • Porch
  • Forced Air Heating and Cooling System

About This Home

As of July 2025

This is the one! This cozy bungalow with a fenced yard and basement is ready for a new family. This home welcomes you with a nice porch to enjoy your coffee in the morning or to entertain friends and family on. Unique entryways throughout the home with great window placement for natural daylight to shine in. Brand new carpet in all bedrooms w/a bonus finished room upstairs for extra living space and could be used as a bedroom. Fresh on-trend paint throughout. Furnace and hot water heater only 2 years old. Plus the fantastic bonus of a whole house generator included! Basement has a great amount of storage and is ready for your finishing touches. This is an excellent opportunity to call this Ferndale home your "Home Sweet Home" and to put your own personal touches throughout to make it perfect just for you! Washer and dryer included and you can get keys at closing! Schedule your showing today!

Last Agent to Sell the Property

Shannon Parker

RE/MAX First License #MISPE-6501398121 Listed on: 09/01/2022

RE/MAX First

Last Buyer's Agent

Office Listing

EDWARD SUROVELL REALTORS - TEC License #JAAR-992

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35x119
  • Fenced Yard

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 935 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Hugo Scherer's Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-25-35-306-040

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Bungalow
  • Structure Style: 1 1/2 Story
  • Flood Insurance: Not Required
  • Total Tax Amount: 4410.58
  • Year Built: 1941
  • Mail City: Ferndale
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dryer, Washer
  • Basement: Yes
  • Basement: Unfinished
  • Bedrooms: 2
  • Bedroom 1: On Entry Level, Dimensions: 10 x 9
  • Bedroom 1 Floor Covering: Carpet
  • Bedroom 2: On Entry Level, Dimensions: 9 x 11
  • Bedroom 2 Floor Covering: Carpet
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: On Level: Entry, Flooring: Ceramic
  • Dining Room: On Entry Level
  • Kitchen: On Entry Level
  • Laundry: In Basement
  • Living Room: On Entry Level, Dimensions: 14 x 12
  • Living Room Floor Covering: Laminate
  • Below Grade Sq Ft: 600
  • Above Grade Finished Sq Ft: 935
  • Total Finished Sq Ft: 935

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Fenced Yard, Porch
  • Foundation: Basement
  • Frontage: 35
  • Road: Paved Street
  • Frontage Type: Road

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: 24-25-35-306-040
  • Zoning: Residential
  • Lot Dimensions: 35x119
  • Acreage: 0.09
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $4,303.70
  • Winter Tax: Year: 2021, Amount: $106.88
  • Total Tax: Amount: $4,410.58
  • SEV Year: 2021

MLS Schools

  • School District: Ferndale City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2022
Closed on
Feb 21, 2023
Sold by
Arismendez Katherine E and Geary Robert M
Bought by
Schultz Clayton and Schultz Madeline
Seller's Agent
Shannon Parker
RE/MAX First
Buyer's Agent
Office Listing
EDWARD SUROVELL REALTORS - TEC
List Price
$145,900
Sold Price
$138,000
Premium/Discount to List
-$7,900
-5.41%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%
Original Mortgage
$110,400
Outstanding Balance
$107,305
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$76,731

Purchase Details

Closed on
Jul 23, 2020
Sold by
Browne Ray D and Browne Joanne M
Bought by
Arismendez Katherine E and Geary Robert M

Purchase Details

Closed on
Apr 8, 2004
Sold by
Browne Ray D and Browne Joanne M
Bought by
Browne Ray D and Browne Joanne M
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $138,000 Visionary Title Agency
Warranty Deed $138,000 Visionary Title Agency
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $110,400 New Conventional
Closed $110,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Rent $2,100 0.0% --
07/11/2025 07/11/25 Sold $214,000 -4.9% $229 / Sq Ft
06/21/2025 06/21/25 Pending -- -- --
06/19/2025 06/19/25 For Sale $225,000 +63.0% $241 / Sq Ft
02/22/2023 02/22/23 Sold $138,000 -5.4% $148 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
01/13/2023 01/13/23 Price Changed $145,900 0.0% $156 / Sq Ft
01/13/2023 01/13/23 For Sale $145,900 +5.7% $156 / Sq Ft
10/17/2022 10/17/22 Off Market $138,000 -- --
09/20/2022 09/20/22 Price Changed $164,900 -7.9% $176 / Sq Ft
09/09/2022 09/09/22 Price Changed $179,000 -5.7% $191 / Sq Ft
09/01/2022 09/01/22 For Sale $189,900 -- $203 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $5,079 $73,530 $0 $0
2023 $4,446 $71,620 $0 $0
2022 $4,408 $62,590 $0 $0
2021 $4,593 $58,240 $0 $0
2020 $1,922 $52,960 $0 $0
2019 $1,935 $44,230 $0 $0
2018 $1,929 $37,060 $0 $0
2017 $1,902 $34,880 $0 $0
2016 $1,875 $29,600 $0 $0
2015 -- $26,860 $0 $0
2014 -- $23,450 $0 $0
2011 -- $30,620 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50088731

Michigan Multiple Listing Service

APN: 25-35-306-040