NOT LISTED FOR SALE

123 Phillips Place Royal Oak, MI 48067

Estimated Value: $320,072 - $332,000

2 Beds
1 Bath
1,119 Sq Ft
$293/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $232,000 $207 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,286/month

32 Days on Market

Highlights

  • 1.5-Story Property
  • No HOA
  • Shed
  • Ground Level Unit
  • Covered Patio or Porch
  • Programmable Thermostat

About This Home

As of November 2020

Location, location, location. This Royal Oak gem is only 2 streets over from main street where all the action is, yet it is nestled away in a quiet residential area. The curb appeal of this well-maintained home is amazing with a full covered porch. Outside you will also notice a sizable deep lot and an extra outbuilding with its own covered patio area. Inside features a great family room, dining room, and kitchen combo with original wood floors throughout and a fireplace. The bedrooms are also nice sized with the master bedroom having an additional office space. Downstairs you will find a lounge area, bonus living area and plenty of storage. On top of that the land values alone are almost what the listing price of this home is. Call now for your personal tour because Royal Oak homes in this location do not last long.

Last Agent to Sell the Property

James Bruney

KW Professionals Brighton License #6501331399 Listed on: 07/08/2020

KW Professionals Brighton

Last Buyer's Agent

James Bruney

KW Professionals Brighton License #RCO-6501331399

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1918

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50.00x156.00
  • Fenced
  • Level Lot

Home Design

  • 1.5-Story Property
  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,119 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Partially Finished Basement
  • Sump Pump

Kitchen

  • Built-In Electric Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Shed

Location

  • Ground Level Unit

Utilities

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

Community Details

  • No Home Owners Association
  • Central Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2522127007

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,363

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow, Ranch
  • Architecture Level: 1 1/2 Story
  • Year Built: 1918
  • State Equalized Value: 96240.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Programmable Thermostat
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Family Room
  • Room Count: 9
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Electric Cooktop, Dishwasher, Dryer, Built-In Electric Oven, Washer
  • Sq Ft Combined: 1369
  • Sq Ft Lower Floor: 250
  • Total Sq Ft: 1119
  • Sq Ft Total Bsmt: 1190

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Patio, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Royal Oak

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1388888.8889
  • Lot Features: Level
  • Lot Size Area: 0.18
  • Lot Dimensions: 50.00X156.00
  • Parcel Number: 2522127007

Tax Info

  • Tax Amount Summer: 1841.0000
  • Tax Amount Winter: 522.0000
  • Total Tax: 2363.0000
  • Taxable Value: 57450.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Nov 12, 2020
Sold by
Reed Sue Ellen and Reed Gerald E
Bought by
Garg Varun
Seller's Agent
James Bruney
KW Professionals Brighton
Buyer's Agent
James Bruney
KW Professionals Brighton
List Price
$250,000
Sold Price
$232,000
Premium/Discount to List
-$18,000
-7.2%
Current Estimated Value
$327,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,768
Avg. Annual Appreciation
6.93%
Original Mortgage
$215,550
Outstanding Balance
$195,706
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$123,416
Source: Public Records

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 Buyer Sale Price Title Company
Garg Varun $232,000 Cislo Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garg Varun $215,550
Previous Owner Reed Gerald $55,000
Previous Owner Reed Sue E $10,000
Previous Owner Reed Gerald D $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2020 11/17/20 Sold $232,000 -7.2% $207 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $250,000 -- $223 / 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 $6,000 $126,980 $0 $0
2022 $7,223 $115,170 $0 $0
2020 $5,964 $101,710 $0 $0
2018 $7,223 $87,890 $0 $0
2017 $2,256 $87,890 $0 $0
2015 -- $69,640 $0 $0
2014 -- $65,660 $0 $0
2011 -- $61,770 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    James Bruney

    KW Professionals Brighton

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Map

Source: Realcomp

MLS Number: 2200052217

Realcomp

APN: 25-22-127-007

Michigan Oakland County Royal Oak 48067

123 Phillips Place, Royal Oak, MI

This home is located at 123 Phillips Place, Royal Oak, MI 48067 since 08 July 2020 and is currently estimated at $327,768, approximately $292 per square foot. This property was built in 1918. 123 Phillips Place is a home located in Oakland County with nearby schools including Keller Elementary, Royal Oak Middle School, and Royal Oak High School.

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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