8740 Leroy ST , Oak Park, MI 48237
Est. $1,770/mo with current taxes · · See the breakdown
About this home
Charming Bungalow with Great Potential in Desirable Ferndale Wyoming Subdivision! Welcome to this cozy 3-bedroom bungalow located in Oak Park's desirable Ferndale Wyoming Subdivision, within the Ferndale School District! Filled with natural light, the inviting living and dining rooms create a warm and welcoming atmosphere. The kitchen features stainless steel appliances, while the functional layout offers two bedrooms on the main floor and a spacious third bedroom upstairs. Numerous updates completed in 2021 include fresh interior paint, vinyl flooring throughout the main level, carpeting on the second floor, exterior painting, and a new furnace. Outside, enjoy a fully fenced backyard and a spacious 2.5-car detached garage, providing plenty of room for parking and storage. With some TLC, this charming bungalow can truly shine! A great opportunity for homeowners looking to make it their own or investors seeking a property with excellent potential. ***AI Pictures included in the listing***
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 60.07 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 | $229,900 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 1,730 |
| Type | Single family residence |
| Subdivision | FERNDALE-WYOMING |
| County | Oakland |
| MLS # | 20261085453 |
| Listed | 2026-10-28 |
| Days on market | 6 |
| Year built | 1946 |
| Possession | At closing |
| Stories | 1.5 stories |
| Basement | Finished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Poured |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Parcel number | 2533106032 |
| Listing office | Michigan First Realty LLC |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $25,679 | about $114,950 |
| Yearly property tax | $2,009 | about $6,905 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $4,896 a year more than this seller pays. The assessor's state equalized value (SEV) is $104,000. 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 Oak Park's 2025 homestead rate of 60.07 mills and assumes you claim the homestead exemption. See Oak Park'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.