1605 Silman ST , Ferndale, MI 48220
Est. $1,491/mo with property taxes uncapped · See the breakdown
About this home
Ferndale, Michigan! Located at 1605 Silman in Ferndale, this home offers great potential for buyers looking to add their own personal touches. Several important updates have already been completed, including a new furnace in 2023 and a new water heater in 2022. The refrigerator is included in the sale, and the home features a wall-mounted air conditioning unit. Outside, enjoy an oversized two-car garage offering plenty of space for parking, storage, or projects. The fenced backyard provides additional outdoor space and privacy. With its desirable Ferndale location, spacious garage, fenced yard, and key mechanical updates, this property is full of potential for homeowners, investors, or buyers looking for their next renovation project.
Monthly payment
The tax line is this home's bill after it uncaps: half the price times 47.16 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 | $160,000 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 961 |
| Type | Single family residence |
| Subdivision | FORD HEIGHTS- FERNDALE |
| County | Oakland |
| MLS # | 20261085774 |
| Listed | 2026-10-27 |
| Days on market | 0 |
| Year built | 1964 |
| Possession | At closing |
| Stories | 1 story |
| Heating | Forced air, Natural gas |
| Foundation | Slab |
| Garage spaces | 2.0 |
| Water / Sewer | Community / City sewer |
| Parcel number | 2535405027 |
| Listing office | EXP Realty Main |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $30,540 | about $80,000 |
| Yearly property tax | $1,864 | about $3,773 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $1,909 a year more than this seller pays. The assessor's state equalized value (SEV) is $83,340. 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 Ferndale's 2025 homestead rate of 47.16 mills and assumes you claim the homestead exemption. See Ferndale'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 2026-10-27T15:11+00:00; refreshed at least twice daily.