NOT LISTED FOR SALE

1607 W Farnum Ave Royal Oak, MI 48067

Estimated Value: $447,096 - $463,000

4 Beds
2 Baths
2,016 Sq Ft
$226/Sq Ft Est. Value

Last Sold April 05, 2024

Last sale price $421,000 $209 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,915/month

6 Days on Market

Highlights

  • Porch
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Northwood Elementary School Rated A-
  • Private Entrance
  • 5-minute walk to Fernwood Park

About This Home

As of April 2024

Side by side duplex with each unit featuring 2 bedrooms, 1 bath, living room dining room, kitchen and separate basements. Separate utilities. Excellent rental history. Vinyl windows, newer furnaces and central air units. Newer entry doors, Circuit breakers for each unit. Only 1609 W. Farnum is available for showings. 1607 is rented and can be viewed upon accepted offer.

Last Agent to Sell the Property

Mark Brown

RE/MAX Classic License #6501227001 Listed on: 03/07/2024

RE/MAX Classic

Last Buyer's Agent

Andrea Carollo

Max Broock, REALTORS®-Birmingham License #RCO-6501315679

Max Broock, REALTORS®-Birmingham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1952

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.6x130
  • Private Entrance

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,016 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 4 Parking Spaces
  • Paved Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • 100 Amp Service
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2516301029

Community Details

Overview

  • 2 Units
  • Maple Grove Sub Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,812

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1952
  • State Equalized Value: 169120.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 100 Amp Service, Cable Available, Circuit Breakers, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Private
  • Sq Ft Combined: 2016
  • Total Sq Ft: 2016
  • Sq Ft Total Bsmt: 1008

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Sideof Street: W

Garage/Parking

  • MF Parking: Assigned, Paved
  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Separate Meter
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas, Separate Meters
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Royal Oak

Lot Info

  • Lot Size Area: 0.15
  • Lot Dimensions: 50.6x130
  • Parcel Number: 2516301029
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection, Yard Maintenance
  • Monthly Rental Income: 3100

Tax Info

  • Tax Amount Summer: 4938.0000
  • Tax Amount Winter: 874.0000
  • Total Tax: 5812.0000
  • Taxable Value: 104960.0000

Multi Family

  • Gross Scheduled Income: 37200.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Apr 5, 2024
Sold by
Hoemke Holdings Llc
Bought by
Gordon Stephen
Seller's Agent
Mark Brown
RE/MAX Classic
Buyer's Agent
Andrea Carollo
Max Broock, REALTORS®-Birmingham
List Price
$399,900
Sold Price
$421,000
Premium/Discount to List
$21,100
5.28%
Views
116
Current Estimated Value
$456,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,524
Avg. Annual Appreciation
4.72%

Purchase Details

Listed on
Dec 5, 2011
Closed on
Jan 13, 2012
Sold by
Lieber Carol N
Bought by
Hoemke Holdings Llc
Seller's Agent
P. Aaron Jones
Century 21 Town & Country-Ro
Buyer's Agent
Mark Brown
RE/MAX Classic
List Price
$120,000
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.80%
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
Gordon Stephen $421,000 None Listed On Document
Hoemke Holdings Llc $120,000 Title One Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2024 04/05/24 Sold $421,000 +5.3% $209 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $399,900 +233.3% $198 / Sq Ft
01/13/2012 01/13/12 Sold $120,000 0.0% $60 / Sq Ft
01/02/2012 01/02/12 Pending -- -- --
12/05/2011 12/05/11 For Sale $120,000 -- $60 / 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 $5,119 $177,230 $0 $0
2022 $5,583 $159,670 $0 $0
2020 $4,938 $140,620 $0 $0
2018 $5,583 $127,660 $0 $0
2017 $5,070 $127,660 $0 $0
2015 -- $115,250 $0 $0
2014 -- $98,740 $0 $0
2011 -- $97,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Brown

    Seller's Agent in 2024

    Mark Brown

    RE/MAX

    (248) 890-3405

    15 in this area

    105 Total Sales

    Mark Brown
    Section Image
  • Andrea Carollo

    Buyer's Agent in 2024

    Andrea Carollo

    Max Broock, REALTORS®-Birmingham

    (248) 330-3401

    58 in this area

    191 Total Sales

    Andrea Carollo
    Section Image

  • P

    Seller's Agent in 2012

    P. Aaron Jones

    Century 21 Town & Country-Ro

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Map

Source: Realcomp

MLS Number: 20240010922

Realcomp

APN: 25-16-301-029

Michigan Oakland County Royal Oak 48067

1607 W Farnum Ave, Royal Oak, MI

This home is located at 1607 W Farnum Ave, Royal Oak, MI 48067 since 07 March 2024 and is currently estimated at $456,524, approximately $226 per square foot. This property was built in 1952. 1607 W Farnum Ave is a home located in Oakland County with nearby schools including Northwood Elementary School, 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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