NOT LISTED FOR SALE

311 Catalpa Dr Royal Oak, MI 48067

Estimated Value: $462,000 - $579,000

6 Beds
5 Baths
2,317 Sq Ft
$223/Sq Ft Est. Value

Last Sold February 21, 2014

Last sale price $292,500 $126 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,330/month

137 Days on Market

Highlights

  • Porch
  • Forced Air Heating and Cooling System
  • Fenced
  • Northwood Elementary School Rated A-
  • Humidifier

About This Home

As of February 2014

Rare 4 unit property w/huge cashflow in RO, ($3225 gross/month). Has numerous updates and is fully licensed w/city. A true walk to downtown. Prof tenant base w/ long term tenants in apartments. Home tenant can stay or move if buyer decides to owner occupy home. Income from 3 apartments alone is approx $2k and covers most expenses to allow living in home free.Please do not disturb tenants, 24 hr notice, apartments shown w/accepted offer. Pics online

Last Agent to Sell the Property

Sal Impastato

The Agency Hall & Hunter License #6501231455 Listed on: 08/08/2013

The Agency Hall & Hunter

Last Buyer's Agent

John Myers

Cranbrook Associates-Birm License #RCO-6501255387

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1945 | Remodeled in 2003

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 65x116
  • Fenced

Parking

  • Assigned Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 5 Full Bathrooms
  • 2,317 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Humidifier
  • Back Up Electric Heat Pump System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 4 Units
  • Assr's Plat No 4 Royal Oak Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2516426030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,252

Year Built

Built in 1945 | Remodeled in 2003

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 1/2 Story
  • Assessment: YES
  • Year Built: 1945
  • Year Renovated: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Humidifier
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2317
  • Total Sq Ft: 2317
  • Sq Ft Total Bsmt: 700

Exterior Features

  • Foundation Details: Basement, Slab
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Shed, Fenced, Lighting
  • Frontage Feet: 67
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces

Utilities

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

Schools

  • School District: Royal Oak

Lot Info

  • List Price per Acre: 1805000.0000
  • Lot Size Area: 0.18
  • Lot Dimensions: 65X116
  • Parcel Number: 2516426030
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Homestead Percent: 0 Percent

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3225

Tax Info

  • Tax Amount Summer: 4805.0000
  • Tax Amount Winter: 447.0000
  • Total Tax: 5252.0000

Multi Family

  • Gross Scheduled Income: 38700.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 3
  • Number of Three Bedroom Units: 1
  • Number Of Units Leased: 4

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2013
Closed on
Feb 21, 2014
Sold by
R & K Real Property Llc
Bought by
Kern Matthew R
Seller's Agent
Sal Impastato
The Agency Hall & Hunter
Buyer's Agent
John Myers
Cranbrook Associates-Birm
List Price
$324,900
Sold Price
$292,500
Premium/Discount to List
-$32,400
-9.97%
Current Estimated Value
$510,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,841
Avg. Annual Appreciation
4.57%
Original Mortgage
$219,375
Outstanding Balance
$168,883
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$319,772

Purchase Details

Listed on
Aug 8, 2013
Closed on
Feb 13, 2014
Sold by
Nasello Karen M
Bought by
R & K Real Property Llc
Seller's Agent
Sal Impastato
The Agency Hall & Hunter
Buyer's Agent
John Myers
Cranbrook Associates-Birm
List Price
$324,900
Sold Price
$292,500
Premium/Discount to List
-$32,400
-9.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,375
Outstanding Balance
$168,883
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$319,772

Purchase Details

Listed on
Aug 8, 2013
Closed on
Feb 10, 2014
Sold by
Carmody Margaret F
Bought by
R & K Real Property Llc
Seller's Agent
Sal Impastato
The Agency Hall & Hunter
Buyer's Agent
John Myers
Cranbrook Associates-Birm
List Price
$324,900
Sold Price
$292,500
Premium/Discount to List
-$32,400
-9.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,375
Outstanding Balance
$168,883
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$319,772

Purchase Details

Closed on
Aug 5, 2008
Sold by
Wohlfiel Robert J
Bought by
Nasello Karen M

Purchase Details

Closed on
Sep 18, 2001
Sold by
Macfadyen Ronald M
Bought by
Wohlfiel Robert
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
Kern Matthew R $292,500 Devon Title Agency
R & K Real Property Llc -- Devon Title Agency
R & K Real Property Llc $190,000 Devon Title Agency
Nasello Karen M -- Great Lakes Title Of Mi
Wohlfiel Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kern Matthew $219,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2014 02/21/14 Sold $292,500 -10.0% $126 / Sq Ft
12/23/2013 12/23/13 Pending -- -- --
08/08/2013 08/08/13 For Sale $324,900 -- $140 / 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 $6,418 $189,950 $0 $0
2022 $6,999 $169,410 $0 $0
2020 $6,190 $150,890 $0 $0
2018 $6,999 $125,430 $0 $0
2017 $5,344 $125,430 $0 $0
2015 -- $111,000 $0 $0
2014 -- $104,750 $0 $0
2011 -- $102,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Sal Impastato

    The Agency Hall & Hunter

    (248) 763-2223

    16 in this area

    97 Total Sales

    Section Image

  • J

    Buyer's Agent in 2014

    John Myers

    Cranbrook Associates-Birm

    (248) 390-7774

    Section Image
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Map

Source: Realcomp

MLS Number: 213080272

Realcomp

APN: 25-16-426-030

Michigan Oakland County Royal Oak 48067

311 Catalpa Dr, Royal Oak, MI

This home is located at 311 Catalpa Dr, Royal Oak, MI 48067 since 08 August 2013 and is currently estimated at $516,257, approximately $222 per square foot. This property was built in 1945. 311 Catalpa Dr 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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