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Sold for $215,000
  • $215,000

    507 Vester St, Ferndale, MI 48220

    3beds
    946sqft
    Single Family Residence
    Built in 1963
    3,920 Square Feet Lot
    $215,000 Zestimate®
    $227/sqft
    $1,853 Estimated rent

    Home value

    $215,000

    $204,000 - $226,000

    $1,853/mo

    Zestimate® history
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    $1,853/mo

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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Christine Oglesby 313-919-2940,

    @properties Christie's Int'l RE Northville

    Bought with:

    Kimberly M Dixon, 6501306732

    Century 21 Professionals Livonia

    Source: Realcomp II,MLS#: 20261035557MLS Logo

    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: $227/sqft
    • Tax assessed value: $84,760
    • Annual tax amount: $4,390
    • Date on market: 5/26/2026
    • Cumulative days on market: 16 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,Va Loan

    Price history

    DateEventPrice
    7/10/2026Sold$215,000-2.3%$227/sqft
    Source: Realcomp II #20261035557 Report a problem
    6/10/2026Pending sale$220,000$233/sqft
    Source: Realcomp II #20261035557 Report a problem
    5/26/2026Listed for sale$220,000+18.9%$233/sqft
    Source: Realcomp II #20261035557 Report a problem
    6/3/2021Sold$185,000-5.1%$196/sqft
    Source: Public Record Report a problem
    4/14/2021Pending sale$195,000$206/sqft
    Source: Realcomp II #2210020308 Report a problem
    3/26/2021Listed for sale$195,000+97%$206/sqft
    Source: Realcomp II #2210020308 Report a problem
    7/7/2020Listing removed$1,200$1/sqft
    Source: D & H Property Management, Inc #2200049761 Report a problem
    6/30/2020Listed for rent$1,200+4.3%$1/sqft
    Source: D & H Property Management, Inc #2200049761 Report a problem
    6/11/2019Listing removed$1,150$1/sqft
    Source: D & H Property Management, Inc #219042028 Report a problem
    6/4/2019Price change$1,150-4.2%$1/sqft
    Source: D & H Property Management, Inc #219042028 Report a problem
    5/7/2019Listed for rent$1,200$1/sqft
    Source: D & H Property Management, Inc #219042028 Report a problem
    8/22/2005Sold$99,000+2.2%$105/sqft
    Source: Public Record Report a problem
    9/2/2003Sold$96,900$102/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,335 +2.3%$88,040 +7.1%
    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

    Neighborhood: 48220

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $215,000
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    Estimated market value
    $215,000