21385 Garden LN , Royal Oak Township, MI 48220
Est. $743/mo with current taxes · · See the breakdown
About this home
INVESTOR OPPORTUNITY IN FERNDALE! THIS 2-BEDROOM, 1-BATH RANCH OFFERS APPROXIMATELY 1,100 SQ FT AND IS READY FOR A FULL REHAB. THE PROPERTY SITS ON A CRAWL SPACE AND DOES NOT HAVE A GARAGE. NEW CONSTRUCTION IS TAKING PLACE THROUGHOUT THE NEIGHBORHOOD, INCLUDING DIRECTLY NEXT DOOR AND ACROSS THE STREET. GREAT VALUE-ADD POTENTIAL FOR INVESTORS LOOKING TO RENOVATE AND RESALE OR HOLD AS A RENTAL. SCHEDULE YOUR WALKTHROUGH TODAY!
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 37.29 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $60,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 1,023 |
| Type | Single family residence |
| Subdivision | FOREST GROVENO 1 |
| County | Oakland |
| MLS # | 20261082124 |
| Listed | 2026-10-16 |
| Days on market | 18 |
| Year built | 1941 |
| Possession | At closing |
| Stories | 1 story |
| Heating | Forced air, Natural gas |
| Foundation | Crawl space, Slab |
| Water / Sewer | Water at street / Sewer at street |
| Parcel number | 2533303026 |
| Listing office | Keller Williams Legacy |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $14,860 | about $30,000 |
| Yearly property tax | $2,129 | about $1,119 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $29,660. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Royal Oak Township's 2025 homestead rate of 37.29 mills and assumes you claim the homestead exemption. See Royal Oak Township's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-03T10:57+00:00; refreshed at least twice daily.