$281,500
SOLD SEP 17, 2024

225 Chippewa Ave Royal Oak, MI 48073

3 Beds
1 Bath
1,717 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$164 Per Sq Ft

9% Below List Price

35 Days on Market

Highlights

  • Ranch Style House
  • Fenced Yard
  • Porch
  • Wood Flooring
  • 2 Car Detached Garage
  • Living Room

About This Home

As of September 2024

Welcome to your new home nestled in the heart of Royal Oak. Just steps away from Quickstad Park and a short distance to downtown amenities. This delightful ranch-style home offers the perfect blend of comfort and convenience. Enjoy a pristine, move-in ready home freshly painted with a modern color palette. Hardwood flooring throughout adds warmth and character. Roof on home is less than 4 yrs old to give you peace of mind. Stay comfortable year-round with furnace and central air less than 2 yrs old. This property presents a rare opportunity to own a well-maintained home in one of the most desirable neighborhoods in town. Don't miss out on this fantastic chance to make this charming brick ranch yours!

Last Agent to Sell the Property

Nancy Feldmann

RE/MAX First License #MISPE-6506043657 Listed on: 07/22/2024

RE/MAX First

Last Buyer's Agent

Mary Sheila Roma

KW Professionals License #6501344166

KW Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1951

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x141
  • Fenced Yard

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Living Room
  • Dryer
  • Partially Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

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

Community Details

  • Harry Slatkins City Park Sub Royal Oak Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25-04-259-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,875

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Year Built: 1951
  • Mail City: Royal Oak
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator
  • Basement: Yes
  • Basement: Partially Finished
  • Bedrooms: 3
  • Bedroom 1: On Entry Level, Dimensions: 11 x 11
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On Entry Level, Dimensions: 10 x 9
  • Bedroom 2 Floor Covering: Wood
  • Bedroom 3: On Entry Level, Dimensions: 11 x 9
  • Bedroom 3 Floor Covering: Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: Dimensions: 5 x 8, On Level: Entry
  • Room Types: First Floor Bedroom, Living Room, Primary Bedroom, First Flr Full Bathroom, Dining "L"
  • Kitchen: On Entry Level, Dimensions: 11 x 8
  • Kitchen Floor Covering: Ceramic
  • Living Room: On Entry Level, Dimensions: 17 x 15
  • Living Room Floor Covering: Wood
  • Below Grade Sq Ft: 917
  • Finished Below Grade Sq Ft: 800
  • Above Grade Finished Sq Ft: 917
  • Total Finished Sq Ft: 1717

Exterior Features

  • Exterior: Brick
  • Exterior Features: Fenced Yard, Porch
  • Foundation: Basement
  • Frontage: 50
  • Road: Paved Street
  • Frontage Type: Road

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s), Central A/C

Lot Info

  • Assessor Parcel Number: 25-04-259-015
  • Zoning: Residential
  • Lot Dimensions: 50x141
  • Acreage: 0.16
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,226.00
  • Winter Tax: Year: 2023, Amount: $649.00
  • Taxable Value: 74220
  • Total Tax: Amount: $2,875.00
  • SEV Year: 2023

MLS Schools

  • School District: Royal Oak Neighborhood Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Sep 13, 2024
Sold by
Merrell John and Charette-Merrell Lindsey
Bought by
Roma Alessandro
Seller's Agent
Nancy Feldmann
RE/MAX First
Buyer's Agent
Mary Sheila Roma
KW Professionals
List Price
$309,900
Sold Price
$281,500
Premium/Discount to List
-$28,400
-9.16%
Total Days on Market
35
Views
65
Current Estimated Value
$285,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,223
Avg. Annual Appreciation
2.09%
Original Mortgage
$253,350
Outstanding Balance
$251,717
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$34,006

Purchase Details

Closed on
Sep 20, 2010
Sold by
The Mary Deromedi Revocable Trust
Bought by
Merrell John and Charette Merrell Lindsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,365
Interest Rate
4.36%
Mortgage Type
VA

Purchase Details

Closed on
May 30, 1997
Sold by
Deromedi Mary
Bought by
Mary Deromedi Tr
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $281,500 Fidelity National Title
Warranty Deed $110,000 Capital Title Ins Agency
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $253,350 New Conventional
Previous Owner $84,272 New Conventional
Previous Owner $112,365 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2024 09/17/24 Sold $281,500 -2.9% $164 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/17/2024 08/17/24 Price Changed $289,900 -3.3% $169 / Sq Ft
08/06/2024 08/06/24 Price Changed $299,900 -3.2% $175 / Sq Ft
07/22/2024 07/22/24 For Sale $309,900 -- $180 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,290 $118,370 $0 $0
2022 $2,706 $107,010 $0 $0
2020 $2,226 $97,170 $0 $0
2018 $2,706 $87,620 $0 $0
2017 $2,601 $87,620 $0 $0
2015 -- $78,910 $0 $0
2014 -- $72,640 $0 $0
2011 -- $60,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50149392

Michigan Multiple Listing Service

APN: 25-04-259-015