NOT LISTED FOR SALE

1601 Ferris Ave Royal Oak, MI 48067

Estimated Value: $289,000 - $349,000

2 Beds
2 Baths
1,039 Sq Ft
$304/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $260,000 $250 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,943/month

3 Days on Market

Highlights

  • Ground Level Unit
  • Porch
  • Shed
  • No HOA
  • Bungalow
  • Forced Air Heating System

About This Home

As of May 2023

Welcome Home! This meticulously maintained Royal Oak bungalow is a blank canvas with great bones, ready for updates with your personal touch. With room to expand, it features a large kitchen, 2 full bathrooms, finished basement, and a beautiful backyard perfect for relaxing or entertaining family and friends. Centrally located in a lovely neighborhood, you're close to restaurants, shopping, entertainment and freeways. Don't miss this opportunity. Sale is contingent on probate courts approval.

Last Agent to Sell the Property

Shane Wilson

DOBI Real Estate License #6501398001 Listed on: 04/29/2023

DOBI Real Estate

Co-Listed By

Craig Joeright

DOBI Real Estate License #6501367930

Last Buyer's Agent

Rick Nessel

National Realty Centers, Inc License #6501378895

National Realty Centers, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1941

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50.00 x 135.00
  • Back Yard Fenced

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,039 Sq Ft Home
  • 1.5-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan

Kitchen

  • Free-Standing Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Crawl Space
  • Natural lighting in basement

Outdoor Features

  • Shed
  • Porch

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Southlawn Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2515203027

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,294

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1941
  • State Equalized Value: 105050.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Furnished - Negotiable
  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Daylight, Partially Finished
  • Kitchen Appliances: Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 1839
  • Sq Ft Lower Floor: 800
  • Total Sq Ft: 1039
  • Sq Ft Total Bsmt: 883

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Sideof Street: W
  • Fencing: Back Yard, Fenced

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Royal Oak

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.16
  • Lot Dimensions: 50.00 x 135.00
  • Parcel Number: 2515203027

Tax Info

  • Tax Amount Summer: 1770.0000
  • Tax Amount Winter: 524.0000
  • Total Tax: 2294.0000
  • Taxable Value: 59920.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2023
Closed on
May 31, 2023
Sold by
Updike Gail E
Bought by
Rouan Sarah
Seller's Agent
Shane Wilson
DOBI Real Estate
Buyer's Agent
Rick Nessel
National Realty Centers, Inc
List Price
$247,000
Sold Price
$260,000
Premium/Discount to List
$13,000
5.26%
Views
93
Current Estimated Value
$300,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,918
Avg. Annual Appreciation
5.01%
Original Mortgage
$214,700
Outstanding Balance
$209,862
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$79,673

Purchase Details

Closed on
Jul 31, 2020
Sold by
Jorgensen Jette
Bought by
Hansen Preben

Purchase Details

Closed on
May 6, 2014
Sold by
Hansen Preben and Hansen Marcelia
Bought by
Hansen Preben and Jorgensen Jette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,900
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2005
Sold by
Hansen Preben
Bought by
Hansen Preben and Hansen Marcelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.61%
Mortgage Type
New Conventional
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
Rouan Sarah $260,000 None Listed On Document
Hansen Preben -- None Available
Hansen Preben -- None Available
Hansen Preben -- Great Lakes Title Michigan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rouan Sarah $214,700
Previous Owner Hansen Preben $102,900
Previous Owner Hansen Preben $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $260,000 +5.3% $250 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
04/29/2023 04/29/23 For Sale $247,000 -- $238 / 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 $3,551 $120,840 $0 $0
2022 $2,294 $105,050 $0 $0
2020 $1,886 $87,100 $0 $0
2018 $2,294 $74,710 $0 $0
2017 $2,205 $74,710 $0 $0
2015 -- $67,040 $0 $0
2014 -- $62,290 $0 $0
2011 -- $56,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shane Wilson

    Seller's Agent in 2023

    Shane Wilson

    DOBI Real Estate

    (248) 686-4048

    6 in this area

    29 Total Sales

    Section Image
  • Craig Joeright

    Seller Co-Listing Agent in 2023

    Craig Joeright

    DOBI Real Estate

    (248) 535-4750

    18 in this area

    161 Total Sales

    Section Image
  • Rick Nessel

    Buyer's Agent in 2023

    Rick Nessel

    National Realty Centers, Inc

    (248) 361-0903

    5 in this area

    276 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20230032371

Realcomp

APN: 25-15-203-027

Michigan Oakland County Royal Oak 48067

1601 Ferris Ave, Royal Oak, MI

This home is located at 1601 Ferris Ave, Royal Oak, MI 48067 since 29 April 2023 and is currently estimated at $316,094, approximately $304 per square foot. This property was built in 1941. 1601 Ferris Ave is a home located in Oakland County with nearby schools including Keller Elementary, 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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