374 Pearson ST , Ferndale, MI 48220
Est. $2,692/mo with property taxes uncapped · See the breakdown
About this home
Charming Craftsman home in prime downtown location! Classic architectural features a fully heated and cooled front Porch, spacious Living Room, kitsch retro-style Breakfast Nook, unique Lower-Level second front entry offering an additional Flex Space for Media room, Office, or Studio. Recently renovated Bath, walk-up Attic, gorgeous wood floors throughout home are highlighted by lots of natural light. Newer expansive driveway outlined by a green arborvitae privacy hedge and fully fenced backyard - perfect for entertaining or pets. Move-in ready. Located in the Heart of the City providing an ultimate urban lifestyle!
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 | $309,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 1,474 |
| Type | Single family residence |
| Subdivision | GREENWOOD PARK ADD |
| County | Oakland |
| MLS # | 20261086674 |
| Listed | 2026-10-27 |
| Days on market | 0 |
| Year built | 1917 |
| Possession | At closing |
| Stories | 1 story |
| Basement | Interior entry, Partially finished, Walkout |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Block |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Parcel number | 2534132046 |
| Listing office | Howard Hanna Birmingham |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $45,980 | about $154,500 |
| Yearly property tax | $2,484 | about $7,286 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $4,802 a year more than this seller pays. The assessor's state equalized value (SEV) is $135,360. 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.