$388,000
SOLD FEB 20, 2025

1071 N Sherman Dr Unit A Royal Oak, MI 48067

2 Beds
2.5 Baths
1,351 Sq Ft
$220/mo HOA Fee

Recently Sold

$287 Per Sq Ft

1% Below List Price

5 Days on Market

Highlights

  • Balcony
  • 2 Car Attached Garage
  • Ceiling Fan
  • Northwood Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of February 2025

Step into luxury in this exquisite three story townhome in exclusive Sherman Oaks development. This two bedroom, two and a half bath home is brand new, built this year. Enter into a beautiful ceramic tiled foyer and head up the stairs to a custom gourmet kitchen with laminate flooring, granite countertops, flat cooktop, and custom lighting. Large dining area and half bath on the middle level as well, all with laminate floors. Third floor comes complete with two large bedrooms with adjoining bathrooms and walk-in closets. Bathrooms have granite counter tops and ceramic tile with fantastic lighting. This home is walking distace to downtown Royal Oak, fine dining, shopping, and close to major freeways. Homes like this don't last long... schedule your showing today! BATVAI

Last Agent to Sell the Property

Joshua Wright

Keller Williams Paint Creek License #6502371801

Keller Williams Paint Creek

Last Buyer's Agent

Shuye Pan

AutoCity Realty LLC License #6501458302

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 2016

HOA Fees

  • $220 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,351 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Additional Features

  • Balcony
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 2516384009

Community Details

Overview

  • Sherman Oaks Condominium 2116 Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,299

Year Built

Built in 2016

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Property Type: Condominium
  • Architecture Level: 3 Story
  • Assessment: 20.00
  • Year Built: 2016
  • State Equalized Value: 181730.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Room Count: 9
  • Total Bedrooms: 2
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Sq Ft Combined: 1351
  • Total Sq Ft: 1351

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Aluminum
  • Porch Type: Balcony
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Electric
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Phone: Y
  • Association Fee: 220
  • Association Contact: Y
  • Association Fee: Yes

Schools

  • School District: Royal Oak

Lot Info

  • Parcel Number: 2516384009

Tax Info

  • Tax Amount Summer: 7889.0000
  • Tax Amount Winter: 1410.0000
  • Total Tax: 9299.0000
  • Taxable Value: 169400.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2025
Closed on
Feb 20, 2025
Sold by
Pillarisetty Srinivas Phanindra and Pillartsetty Srini
Bought by
Li Xiaoqiang
Seller's Agent
Joshua Wright
Keller Williams Paint Creek
Buyer's Agent
Shuye Pan
AutoCity Realty LLC
List Price
$390,000
Sold Price
$388,000
Premium/Discount to List
-$2,000
-0.51%
Total Days on Market
5
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.13%
Original Mortgage
$291,000
Outstanding Balance
$291,000
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$115,173

Purchase Details

Closed on
Aug 2, 2016
Sold by
Robertson Sherman Oaks Llc
Bought by
Pillarisetty Srini and Pillarisetty Srinivas Phanindra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $388,000 None Listed On Document
Warranty Deed $388,000 None Listed On Document
Warranty Deed $276,375 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $291,000 New Conventional
Closed $291,000 New Conventional
Previous Owner $221,000 Adjustable Rate Mortgage/ARM
Previous Owner $15,000,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $1,550,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Sold $388,000 -0.5% $287 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
01/16/2025 01/16/25 For Sale $390,000 -- $289 / Sq Ft
Source: Realcomp

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,869 $181,730 $0 $0
2022 $8,581 $164,640 $0 $0
2020 $7,590 $0 $0 $0
2018 $8,581 $137,720 $0 $0
2017 $7,792 $137,720 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Source: Realcomp

MLS Number: 20250003619

Realcomp

APN: 25-16-384-009

Michigan Oakland County Royal Oak 48067

1071 N Sherman Dr Unit A, Royal Oak, MI

Homes for Sale in Royal Oak, MI

This home is located at 1071 N Sherman Dr Unit A, Royal Oak, MI 48067 and is currently priced at $388,000, approximately $287 per square foot. This property was built in 2016. 1071 N Sherman Dr Unit A is a home located in Oakland County with nearby schools including Northwood Elementary School, Royal Oak Middle School, and Royal Oak High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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