Rare opportunity! Turn key income producing property in thriving downtown location! Only a few minutes walk to shopping, nightlife, restaurants, entertainment, and more! Near major expressways and famous Woodward Ave! Lower unit features hardwood floors, neutral paint throughout, a fantastic kitchen, spacious living room, and applications are currently being reviewed for $1295/mo. rate. Upper unit is currently rented at $995/mo. until Nov. 2024. Full basement includes a newer furnace and hot water tank. Appliances included. Tenants pay utilities, Electric has separate meters, gas/water is shared. Landlord owns stove/fridge in both units and washer and dryer in basement. Rental Certified through 9/6/25.
Sold for $281,500
$281,500
541 Pearson St, Ferndale, MI 48220
4beds
1,354sqft
Multi Family
Built in 1923
-- sqft lot
$327,600 Zestimate®
$208/sqft
$1,968 Estimated rent
Home value
$327,600
$308,000 - $351,000
$1,968/mo
Zestimate® history
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$1,835/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
James T Silver 248-530-7292,
Keller Williams Somerset
Bought with:
Jolene L Jacobs, 6501393842
Good Company
Source: Realcomp II,MLS#: 20230096636
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,354 sqft
- Finished area above ground: 1,354
Property
Features
- Levels: One and One Half
- Stories: 1.5
- Pool features: None
Lot
- Size: 4,791 Square Feet
- Dimensions: 40 x 122
Details
- Parcel number: 2534152018
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Upper Lower Apartment
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: ELSINORE SUB
Location
- Region: Ferndale
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $53,210
- Annual tax amount: $3,866
- Date on market: 11/20/2023
- Cumulative days on market: 44 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Va Loan,Warranty Deed
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2024 | Sold | $281,500+21637.5%$208/sqft |
Source:  Realcomp II #20230096636 Report a problem | ||
| 9/14/2021 | Sold | $1,295+40.8%$1/sqft |
Source: Agent Provided Report a problem | ||
| 1/22/2018 | Sold | $920-0.5%$1/sqft |
Source: Agent Provided Report a problem | ||
| 11/20/2015 | Sold | $925+16.4%$1/sqft |
Source: Agent Provided Report a problem | ||
| 8/19/2015 | Sold | $795$1/sqft |
Source: Agent Provided Report a problem | ||
| 9/15/2014 | Sold | $795+9.7%$1/sqft |
Source: Agent Provided Report a problem | ||
| 1/28/2014 | Sold | $725-98.8%$1/sqft |
Source: Agent Provided Report a problem | ||
| 9/19/2008 | Sold | $62,500-53.9%$46/sqft |
Source:  MiRealSource #6934 Report a problem | ||
| 2/28/2008 | Sold | $135,654+69.6%$100/sqft |
Source: Public Record Report a problem | ||
| 4/7/2000 | Sold | $80,000$59/sqft |
Source: Public Record Report a problem | ||
| 6/6/1996 | Sold | $80,000$59/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,025 +4% | $135,720 +1.3% |
| 2024 | $3,870 +3.5% | $134,040 +8.1% |
| 2023 | $3,741 +0.3% | $124,040 +9.9% |
| 2022 | $3,729 +1.9% | $112,890 +9.9% |
| 2021 | $3,659 | $102,690 +7.1% |
| 2020 | -- | $95,880 +12.8% |
| 2019 | $3,597 +1.8% | $84,990 +11.7% |
| 2018 | $3,533 +1.2% | $76,120 +2.1% |
| 2017 | $3,492 | $74,530 +6.4% |
| 2016 | $3,492 | $70,070 +6.6% |
| 2015 | -- | $65,720 +16.7% |
| 2014 | -- | $56,330 +4.3% |
| 2011 | -- | $54,010 -2.4% |
| 2010 | $3,794 -14.7% | $55,340 -15.1% |
| 2009 | $4,446 +11.9% | $65,190 -52.5% |
| 2005 | $3,973 | $137,300 +93.1% |
| 2003 | -- | $71,090 +16.1% |
| 2002 | -- | $61,220 +7.6% |
| 2001 | $4,147 +68.6% | $56,900 +61.4% |
| 2000 | $2,460 | $35,260 |
Find assessor info on the county website
Neighborhood: 48220
Nearby homes
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Nearby schools
GreatSchools rating
- NAFerndale Lower Elementary CampusGrades: K-3Distance: 1.4 mi
- 6/10Ferndale Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Ferndale High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$327,600
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$327,600
- Michigan
- Oakland County
- Ferndale
- 48220
- 541 Pearson St
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