Why rent when you can own? Better than renting and completely move-in ready, this charming 3-bedroom, 1-bath ranch offers an incredible opportunity to enjoy homeownership in the heart of vibrant downtown Ferndale! Imagine walking to your favorite restaurants, coffee shops, boutiques, nightlife, and community events—all just steps from your front door. Inside, you'll find newer luxury vinyl plank flooring throughout, creating a fresh, modern feel that's ready for you to move right in. Major updates include a tear-off roof (2021) and brand-new central air conditioning (2025), providing peace of mind for years to come. A storage shed in the spacious rear yard offers additional room for tools, bikes, and seasonal items. Whether you're a first-time buyer looking to build equity instead of paying rent or an investor seeking a turnkey addition to your rental portfolio, this home checks all the boxes. Don't miss your chance to own an affordable, low-maintenance home in one of Metro Detroit's most sought-after downtown communities!
Pending
$220,000
507 Vester St, Ferndale, MI 48220
3beds
946sqft
Single Family Residence
Built in 1963
3,920 Square Feet Lot
$218,300 Zestimate®
$233/sqft
$-- HOA
What's special
- 27 days |
- 269 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Christine Oglesby 313-919-2940,
@properties Christie's Int'l RE Northville 248-850-8632
Source: Realcomp II,MLS#: 20261035557
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Entry
- Area: 108
- Dimensions: 12 X 9
Bedroom
- Level: Entry
- Area: 99
- Dimensions: 11 X 9
Bedroom
- Level: Entry
- Area: 81
- Dimensions: 9 X 9
Other
- Level: Entry
- Area: 50
- Dimensions: 10 X 5
Dining room
- Level: Entry
- Area: 77
- Dimensions: 11 X 7
Kitchen
- Level: Entry
- Area: 70
- Dimensions: 10 X 7
Laundry
- Level: Entry
- Area: 100
- Dimensions: 10 X 10
Living room
- Level: Entry
- Area: 182
- Dimensions: 14 X 13
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Free Standing Electric Range, Free Standing Refrigerator, Washer
Features
- High Speed Internet, Programmable Thermostat
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 946 sqft
- Finished area above ground: 946
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Stories: 1
- Entry location: GroundLevel
- Pool features: None
- Fencing: Fenced
Lot
- Size: 3,920 Square Feet
- Dimensions: 36 x 105
- Features: Level
Details
- Additional structures: Sheds
- Parcel number: 2527487013
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- Platted Sub
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: URBANREST
HOA
- Has HOA: No
Location
- Region: Ferndale
Financial & listing details
- Price per square foot: $233/sqft
- Tax assessed value: $84,760
- Annual tax amount: $4,390
- Date on market: 5/26/2026
- Cumulative days on market: 27 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Va Loan
Estimated market value
$218,300
$207,000 - $229,000
$1,838/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Pending sale | $220,000$233/sqft |
Source:  Realcomp II #20261035557 Report a problem | ||
| 5/26/2026 | Listed for sale | $220,000+18.9%$233/sqft |
Source: Realcomp II #20261035557 Report a problem | ||
| 6/3/2021 | Sold | $185,000-5.1%$196/sqft |
Source: Public Record Report a problem | ||
| 4/14/2021 | Pending sale | $195,000$206/sqft |
Source: Realcomp II #2210020308 Report a problem | ||
| 3/26/2021 | Listed for sale | $195,000+97%$206/sqft |
Source: Realcomp II #2210020308 Report a problem | ||
| 7/7/2020 | Listing removed | $1,200$1/sqft |
Source: D & H Property Management, Inc #2200049761 Report a problem | ||
| 6/30/2020 | Listed for rent | $1,200+4.3%$1/sqft |
Source: D & H Property Management, Inc #2200049761 Report a problem | ||
| 6/11/2019 | Listing removed | $1,150$1/sqft |
Source: D & H Property Management, Inc #219042028 Report a problem | ||
| 6/4/2019 | Price change | $1,150-4.2%$1/sqft |
Source: D & H Property Management, Inc #219042028 Report a problem | ||
| 5/7/2019 | Listed for rent | $1,200$1/sqft |
Source: D & H Property Management, Inc #219042028 Report a problem | ||
| 8/10/2005 | Sold | $99,000+2.2%$105/sqft |
Source:  MiRealSource #364437 Report a problem | ||
| 9/2/2003 | Sold | $96,900$102/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,238 +1.6% | $82,220 +3.6% |
| 2023 | $4,173 +24.8% | $79,330 +3.6% |
| 2022 | $3,343 -22.7% | $76,590 +7.9% |
| 2021 | $4,322 | $71,000 +14.1% |
| 2020 | -- | $62,240 +10.1% |
| 2019 | $8,896 +252.2% | $56,530 +22.1% |
| 2018 | $2,526 +1.3% | $46,300 +0.5% |
| 2017 | $2,493 | $46,070 +8% |
| 2016 | $2,493 | $42,650 +7.2% |
| 2015 | -- | $39,770 +10.5% |
| 2014 | -- | $35,980 +6.4% |
| 2011 | -- | $33,820 -6.9% |
| 2010 | $2,525 -16% | $36,320 -16.6% |
| 2009 | $3,007 -0.5% | $43,560 -55% |
| 2005 | $3,022 | $96,880 +108.5% |
| 2003 | -- | $46,460 +11.4% |
| 2002 | -- | $41,700 +106.5% |
| 2001 | $1,095 +4.3% | $20,190 +3.2% |
| 2000 | $1,050 | $19,570 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 48220
Nearby schools
GreatSchools rating
- 5/10Ferndale Upper ElementaryGrades: K-6Distance: 1.9 mi
- 6/10Ferndale Middle SchoolGrades: 6-8Distance: 1.3 mi
- 7/10Ferndale High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Oakland County
- Ferndale
- 48220
- 507 Vester St
Nearby cities
Nearby zip codes
Other Ferndale Topics
