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Sold for $346,500
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  • $346,500

    487 W Troy St, Ferndale, MI 48220

    2beds
    1baths
    1,000sqft
    Apartment
    Built in 1929
    -- sqft lot
    $359,300 Zestimate®
    $347/sqft
    $3,133 Estimated rent

    Home value

    $359,300

    $341,000 - $381,000

    $3,133/mo

    Zestimate® history
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    $2,221/mo

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    $2,221/mo

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    What's special

    Beautiful, spacious DOWNTOWN FERNDALE, lower flat, includes all utilities. The location can't be beat! This home was built in 1929, remodeled in 2005, with coved ceilings, wood floors, beautiful etched windows, fireplace, garden-window, and a CUSTOM BATHROOM TO DIE FOR! Fenced in backyard, and a large covered front porch. Off-street parking (2 spaces for you, but could fit in another small car or two), with shared laundry in the basement. Storage is available in the basement as well. Appliances: electric range, refrigerator, microwave, dishwasher, washer & dryer Heating/Cooling: forced air / central air Furnishings: Dining room table & chairs, 2 sofas, buffet table, side tables & lamps. Dressers for clothes. Just bring your beds! This is a quiet street, with professional working neighbors and families with children. If you are looking for a beautiful home downtown, and can walk to all the attractions in Ferndale, then settle in at night to a quiet home; this place is for you. Rent covers all expenses (heat, water, gas, electric, central heat and A/C), so your living expenses will be fixed! $75/month for a additional occupants. Shared laundry (free) in the basement, as well as shared storage space in the basement. $150 cleaning fee. This is a rare find, most tenants stay for several years. The terms are monthly, which allows for flexibility of move-out date. A 60-day notice is required to move out for long-term tenants. Payment terms are monthly or bi-monthly. Electronic payment or cash. Medusy Properties, LLC is very selective in choosing tenants, using Zillow for background/credit checks. All occupants (4 maximum) and pets must be met & approved in person. Dogs are OK, but must be well trained and relatively quiet. Sorry, no cats, birds, exotics pets. Additional fees per pet will apply ($350, non-refundable).

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • Forced air
    Cooling
    • Other
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,000 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off-street, Garage
    Features
    • Exterior features: Other
    Lot
    • Size: 5,401 sqft
    Details
    • Parcel number: 2534104007

    Construction

    Type & style
    • Home type: Apartment
    Materials
    • Wood
    • Roof: Asphalt
    Condition
    • Year built: 1929

    Community & neighborhood

    Community
    • Community features: On Site Laundry Available
    Location
    • Region: Ferndale

    Other

    Other facts
    • Cooling System: Air Conditioning
    • dressing room (entire bedroom converted to a closet)

    Price history

    DateEventPrice
    3/14/2026Listing removed$1,475$1/sqft
    Source: Zillow Rentals Report a problem
    3/5/2026Price change$1,475-6.3%$1/sqft
    Source: Zillow Rentals Report a problem
    2/18/2026Price change$1,575-10%$2/sqft
    Source: Zillow Rentals Report a problem
    1/29/2026Listed for rent$1,750+75.2%$2/sqft
    Source: Zillow Rentals Report a problem
    1/6/2026Sold$346,500-8.8%$347/sqft
    Source: Public Record Report a problem
    11/5/2025Pending sale$379,900$380/sqft
    Source: Realcomp II #20251025473 Report a problem
    9/1/2025Listed for sale$379,900+123.6%$380/sqft
    Source: Realcomp II #20251025473 Report a problem
    12/2/2024Listing removed$999$1/sqft
    Source: Zillow Rentals Report a problem
    12/2/2024Price change$999-49.4%$1/sqft
    Source: Zillow Rentals Report a problem
    11/20/2024Listed for rent$1,975$2/sqft
    Source: Zillow Rentals Report a problem
    11/13/2024Listing removed$1,975+5.3%$2/sqft
    Source: Zillow Rentals Report a problem
    11/9/2024Listed for rent$1,875-3.8%$2/sqft
    Source: Zillow Rentals Report a problem
    1/25/2024Listing removed--
    Source: Zillow Rentals Report a problem
    1/4/2024Price change$1,950+2.7%$2/sqft
    Source: Zillow Rentals Report a problem
    1/2/2024Listed for rent$1,899+2.6%$2/sqft
    Source: Zillow Rentals Report a problem
    3/6/2023Listing removed--
    Source: Zillow Rentals Report a problem
    2/13/2023Listed for rent$1,850+5.7%$2/sqft
    Source: Zillow Rentals Report a problem
    3/16/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    3/8/2021Listed for rent$1,750+45.8%$2/sqft
    Source: Zillow Rental Manager Report a problem
    8/18/2020Listing removed$1,200$1/sqft
    Source: Zillow Rental Manager Report a problem
    8/11/2020Price change$1,200-7.3%$1/sqft
    Source: Zillow Rental Manager Report a problem
    7/24/2020Price change$1,295-5.8%$1/sqft
    Source: Zillow Rental Manager Report a problem
    6/20/2020Listed for rent$1,375+38.2%$1/sqft
    Source: Zillow Rental Manager Report a problem
    3/7/2016Listing removed$995$1/sqft
    Source: Owner Report a problem
    2/10/2016Listed for rent$995$1/sqft
    Source: Owner Report a problem
    7/30/2004Sold$169,900$170/sqft
    Source: MiRealSource #557841 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,322 +3.5%$158,810 +8%
    2023$5,143 +0.3%$147,020 +9.8%
    2022$5,125 +1.9%$133,910 +9.6%
    2021$5,030 $122,200 +5.1%
    2020-- $116,240 +12.7%
    2019$4,945 +1.8%$103,160 +17.1%
    2018$4,857 +3.5%$88,130 +2.1%
    2017$4,694 $86,320 +8.6%
    2016$4,694 $79,460 +6.6%
    2015-- $74,550 +16.5%
    2014-- $63,980 +4.4%
    2011-- $61,300 -2.5%
    2010$4,368 -14.5%$62,860 -15%
    2009$5,107 +21.4%$73,960 -59.8%
    2005$4,206 $183,820 +112.3%
    2003-- $86,600 +16.1%
    2002-- $74,590 +47.6%
    2001$2,665 +4.3%$50,530 +3.2%
    2000$2,556 $48,970

    Find assessor info on the county website

    Neighborhood: 48220

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $359,300
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    Estimated market value
    $359,300