NOT LISTED FOR SALE

118 S Maple Ave Royal Oak, MI 48067

Estimated Value: $532,000 - $624,000

4 Beds
4 Baths
2,467 Sq Ft
$233/Sq Ft Est. Value

Last Sold April 08, 2024

Last sale price $570,000 $231 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,805/month

182 Days on Market

Highlights

  • Porch
  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Northwood Elementary School Rated A-
  • Ceiling Fan
  • Fenced

About This Home

As of April 2024

Great investment opportunity in this triplex just steps from downtown Royal Oak. All of the units have a current lease so you can begin making money right away. This property features two, 1 bed, 1 bath units and one, 2 bed, 2 bath unit. All of the units have hardwood floors. The single bed units have a shared basement with laundry facilities, the two-bedroom unit has its own basement with a small living space and its own laundry facilities, this unit also has AC. It offers a shared drive on the single unit side, as well as a fully fenced shared yard in the back. Roof is new 8/2021, new landscape and hardscape 2023, new bathroom in bedroom unit 2023, as well as many other updates (contact listing agent). With respect to the current tenants please allow 48-hour lead time for showings. Owner requests POF prior to showing. Showings Tuesday & Thursday 2-4 Only

Last Agent to Sell the Property

Ryan Nelson

DOBI Real Estate License #6501372468 Listed on: 08/25/2023

DOBI Real Estate

Co-Listed By

Debbie Nelson

DOBI Real Estate License #6501363307

Last Buyer's Agent

Ryan Nelson

DOBI Real Estate License #6501372468 Listed on: 08/25/2023

DOBI Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1954 | Remodeled in 2023

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50.00 x 114.00
  • Fenced

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 2,467 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2521202014

Community Details

Overview

  • 3 Units
  • Meadow Park Add Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,347

Year Built

Built in 1954 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1954
  • State Equalized Value: 185270.0000
  • Year Renovated: 2023
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Circuit Breakers, High Spd Internet Avail
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2467
  • Total Sq Ft: 2467
  • Sq Ft Total Bsmt: 1162

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Royal Oak

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 50.00 x 114.00
  • Parcel Number: 2521202014
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 3700

Tax Info

  • Tax Amount Summer: 8728.0000
  • Tax Amount Winter: 1619.0000
  • Total Tax: 10347.0000
  • Taxable Value: 185270.0000

Multi Family

  • Gross Scheduled Income: 37000.00
  • Number Of Units Total: 3
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Apr 8, 2024
Sold by
South Maple Ave Llc
Bought by
Calo Real Estate 3 Llc
Seller's Agent
Ryan Nelson
DOBI Real Estate
Buyer's Agent
Ryan Nelson
DOBI Real Estate
List Price
$599,900
Sold Price
$570,000
Premium/Discount to List
-$29,900
-4.98%
Views
744
Current Estimated Value
$574,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,905
Avg. Annual Appreciation
0.58%
Original Mortgage
$427,500
Outstanding Balance
$421,185
Interest Rate
6.94%
Mortgage Type
FHA
Estimated Equity
$153,720

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 17, 2021
Sold by
Margit Lenz
Bought by
South Maple Ave Llc
Seller's Agent
Joanne McGuire
Max Broock, REALTORS-Royal Oak
Buyer's Agent
Ryan Nelson
DOBI Real Estate
List Price
$395,000
Sold Price
$412,000
Premium/Discount to List
$17,000
4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.55%

Purchase Details

Closed on
Dec 17, 2018
Sold by
The Maria Moisch Revocable Living Trust
Bought by
Lenz Margit and White Irma

Purchase Details

Closed on
Oct 18, 2010
Sold by
Lenz Margit and The Maria Moisch Revocable Liv
Bought by
Moisch Maria

Purchase Details

Closed on
Oct 1, 2010
Sold by
Moisch Maria
Bought by
Lenz Margit and The Maria Moisch Revocable Living Trust

Purchase Details

Closed on
Aug 14, 2008
Sold by
Moisch Maria and Howell Maria
Bought by
Maria Moisch Revocable Living Trust

Purchase Details

Closed on
Aug 18, 1995
Sold by
William H Fuller Tr
Bought by
Attard Ross J
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Calo Real Estate 3 Llc $570,000 Old Woodward Title Agency
South Maple Ave Llc $412,000 None Listed On Document
Lenz Margit -- None Available
Moisch Maria -- None Available
Lenz Margit -- None Available
Maria Moisch Revocable Living Trust -- None Available
Attard Ross J $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calo Real Estate 3 Llc $427,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2024 04/08/24 Sold $570,000 -1.7% $231 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
11/08/2023 11/08/23 Price Changed $580,000 -3.3% $235 / Sq Ft
08/25/2023 08/25/23 For Sale $599,900 0.0% $243 / Sq Ft
02/23/2022 02/23/22 Rented $1,200 0.0% --
02/12/2022 02/12/22 Under Contract -- -- --
02/04/2022 02/04/22 For Rent $1,200 0.0% --
11/17/2021 11/17/21 Sold $412,000 +4.3% $167 / Sq Ft View Prior Sale
11/05/2021 11/05/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $395,000 -- $160 / 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 $9,192 $201,900 $0 $0
2022 $10,347 $185,270 $0 $0
2020 $8,866 $135,230 $0 $0
2018 $10,347 $124,520 $0 $0
2017 $5,163 $124,520 $0 $0
2015 -- $110,440 $0 $0
2014 -- $98,780 $0 $0
2011 -- $109,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Nelson

    Seller's Agent in 2024

    Ryan Nelson

    DOBI Real Estate

    (248) 462-4741

    9 in this area

    137 Total Sales

    Ryan Nelson
    Section Image
  • Debbie Nelson

    Seller Co-Listing Agent in 2024

    Debbie Nelson

    DOBI Real Estate

    (248) 462-4742

    8 in this area

    122 Total Sales

    Debbie Nelson
    Section Image

  • J

    Seller's Agent in 2021

    Joanne McGuire

    Max Broock, REALTORS-Royal Oak

    (248) 644-7000

    4 in this area

    20 Total Sales

    Joanne McGuire
    Section Image
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Map

Source: Realcomp

MLS Number: 20230071799

Realcomp

APN: 25-21-202-014

Michigan Oakland County Royal Oak 48067

118 S Maple Ave, Royal Oak, MI

This home is located at 118 S Maple Ave, Royal Oak, MI 48067 since 25 August 2023 and is currently estimated at $574,905, approximately $233 per square foot. This property was built in 1954. 118 S Maple Ave 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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