$214,000
SOLD JUL 11, 2025

507 Spencer St Ferndale, MI 48220

3 Beds
1 Bath
935 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$229 Per Sq Ft

5% Below List Price

2 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Forced Air Heating and Cooling System
  • Covered patio or porch

About This Home

As of July 2025

Beautifully updated 3-bedroom bungalow in a prime Ferndale location, just minutes from shops, restaurants, and parks. The remodeled kitchen features quartz countertops, new cabinets, stainless steel appliances, and slate tile flooring. Bright open living and dining areas create a welcoming space for everyday living and entertaining. Recent upgrades include a new roof (2024) with transferable warranties, newer furnace and water heater (2020), and a full-house generator. Additional highlights include fresh paint, new carpet, laundry appliances, and a clean, open basement ready for your finishing touches. Outside, enjoy a fully fenced backyard, private driveway, and covered front porch—perfect for relaxing or entertaining.

Last Agent to Sell the Property

Zackary Jones

ERA Prime Real Estate Group License #6501388837 Listed on: 06/19/2025

Last Buyer's Agent

Eileen Reynolds

HomePointe Realty LLC License #6501357495

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1941 | Remodeled in 2023

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x118.47

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

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

Kitchen

  • Free-Standing Electric Oven
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Covered patio or porch
  • Ground Level

Community Details

  • No Home Owners Association
  • Hugo Scherers Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2535306040

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,234

Year Built

Built in 1941 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1941
  • State Equalized Value: 73530.0000
  • Year Renovated: 2023
  • Entry Location: Ground Level w/Steps
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Disposal, Dryer, ENERGY STAR® qualified dishwasher, ENERGY STAR® qualified refrigerator, Free-Standing Electric Oven, Microwave, Washer
  • Sq Ft Combined: 935
  • Total Sq Ft: 935
  • Sq Ft Total Bsmt: 740

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Porch - Covered, Porch, Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35X118.47
  • Parcel Number: 2535306040

Tax Info

  • Tax Amount Summer: 5079.0000
  • Tax Amount Winter: 155.0000
  • Total Tax: 5234.0000
  • Taxable Value: 73530.0000

MLS Schools

  • School District: Ferndale

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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Range of Values:

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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: Realcomp

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: Realcomp

MLS Number: 20251009543

Realcomp

APN: 25-35-306-040