$391,000 - $410,011
RENTED JUL 7, 2025

1071 N Sherman Dr Unit A Royal Oak, MI 48067

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

Last Sold February 20, 2025

Last sale price $388,000 $287 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,005/month

Highlights

  • Ground Level Unit
  • 2 Car Attached Garage
  • Dogs and Cats Allowed
  • Northwood Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of July 2025

Enjoy the epitome of modern living within a short stroll to the bustling downtown of Royal Oak

Welcome to this stunning 3-level stylist condo! This end unit features a private entrance and an inviting open-concept layout. Upon entry, you fill find the gleaming wood floors, an updated kitchen with granite countertops and stainless steel appliances, and a seamless flow from the living room to the dining area. The south facing kitchen ensures natural light floods through the abundant windows, accentuating the soaring ceilings and modern feel. Step out onto the large private deck and oversee the courtyard.

Each of the two oversized bedrooms enjoys its own fully updated bathroom. As an end unit there are plenty or natural light in the room

Located just two blocks from the vibrant Royal Oak nightlife, dining, and shopping, this condo offers the ideal blend of urban convenience and contemporary living. Includes the rare two car garage space.

Immediate occupancy available don't miss out on this opportunity.

1.5 month security deposit, $300 cleaning fee and first month rent due at lease signing. Pet is negotiable

Last Agent to Rent the Property

Shuye Pan

AutoCity Realty LLC License #6501458302 Listed on: 03/15/2025

Co-Listed By

Qichao Zhu

AutoCity Realty LLC License #6501459245

Last Renter's Agent

Shuye Pan

AutoCity Realty LLC License #6501458302 Listed on: 03/15/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,869

Year Built

  • Built in 2016

Lot Details

  • 2,526

HOA Fees

  • $220 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

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

Bedrooms and Bathrooms

  • 2 Bedrooms

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $4,050
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Application Fee: 50.00
  • Assessor Parcel Number 2516384009

Community Details

Overview

  • Sherman Oaks Condominium 2116 Subdivision

Pet Policy

  • Dogs and Cats Allowed
  • The building has rules on how big a pet can be within a unit

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,869

Year Built

Built in 2016

Lot Details

0

HOA Fees

$220 per month

Rental Info

  • Application Fee: 50.00
  • Lease Type: Condominium
  • Rent Includes: Association Fee
  • Security Deposit: 4050.00

Listing Details

  • Property Type: Condominium
  • Architecture Level: 3 Story
  • Year Built: 2016
  • Entry Location: Ground Level
  • Pets Allowed: Cats OK, Dogs OK, Size Limit
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Room Count: 6
  • 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, Brick
  • Road Frontage Type: Paved

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Phone: landarc@landarc.com
  • Association Fee: 220
  • Association Fee: Yes

Fee Information

  • Additional Fee: 300.00

Schools

  • School District: Royal Oak

Lot Info

  • Parcel Number: 2516384009

Multi Family

  • Length of Lease: 12 Months, 13-24 Months, 25-36 Months

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%
Views
31
Current Estimated Value
$399,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,503
Avg. Annual Appreciation
5.46%
Original Mortgage
$291,000
Outstanding Balance
$289,528
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$109,975

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
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Li Xiaoqiang $388,000 None Listed On Document
Li Xiaoqiang $388,000 None Listed On Document
Pillarisetty Srini $276,375 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Xiaoqiang $291,000
Closed Li Xiaoqiang $291,000
Previous Owner Pillarisetty Srini $221,000
Previous Owner Robertson Sherman Oaks Llc $15,000,000
Previous Owner Robertson Sherman Oaks Llc $1,550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Rented $2,800 0.0% --
06/04/2025 06/04/25 Under Contract -- -- --
05/20/2025 05/20/25 For Rent $2,800 +3.7% --
03/27/2025 03/27/25 Off Market $2,700 -- --
03/15/2025 03/15/25 For Rent $2,700 0.0% --
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 Compared to Growth

Source: Public Records

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

Agents Affiliated with this Home

  • Joshua Wright

    Seller's Agent in 2025

    Joshua Wright

    Keller Williams Paint Creek

    (248) 270-8017

    7 in this area

    93 Total Sales

    Joshua Wright
    Section Image
  • Shuye Pan

    Landlord's Agent in 2025

    Shuye Pan

    AutoCity Realty LLC

    (315) 560-8960

    4 in this area

    30 Total Sales

    Shuye Pan
    Section Image

  • Q

    Landlord's Co-Listing Agent in 2025

    Qichao Zhu

    AutoCity Realty LLC

    (248) 605-5320

    Qichao Zhu
    Section Image
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Map

Source: Realcomp

MLS Number: 20250017122

Realcomp

APN: 25-16-384-009

Michigan Oakland County Royal Oak 48067

1071 N Sherman Dr Unit A, Royal Oak, MI

This home is located at 1071 N Sherman Dr Unit A, Royal Oak, MI 48067 since 15 March 2025 and is currently priced at $399,503. 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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