NOT LISTED FOR SALE

312 N Washington Ave Royal Oak, MI 48067

Estimated Value: $239,877 - $395,000

2 Beds
2 Baths
1,120 Sq Ft
$286/Sq Ft Est. Value

Last Sold February 20, 2015

Last sale price $173,000 $154 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,898/month

116 Days on Market

Highlights

  • Covered Patio or Porch
  • Hot Water Heating System
  • 2 Car Garage
  • Northwood Elementary School Rated A-

About This Home

As of February 2015

HUGE REDUCTION! INVESTORS! BUILDERS! PRIME ROYAL OAK HOME/LOT ON WASHINGTON (2 BLOCKS FROM DOWNTOWN). IDEAL IN-TOWN RENTAL INCOME OR BUILD NEW TO SUIT! NEW ROOF AND WINDOWS. KITCHEN APPLIANCES INCLUDED. EASILY RETURNED TO SINGLE-FAMILY WITH MINIMAL ADAPTATION. FAMILY-OWNED SINCE THE 20s. CURRENT RENTS ARE WELL BELOW MARKET. TENANT OCCUPIED. 48 HOURS NOTICE TO SHOW...CONFIRMED APPOINTMENTS ONLY!

Last Agent to Sell the Property

Ellen Doster

National Realty Centers, Inc License #6501354281 Listed on: 09/03/2014

National Realty Centers, Inc

Last Buyer's Agent

Courtney Assemany

KW Professionals Brighton License #RCO-6501311411

KW Professionals Brighton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1907

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x117

Home Design

  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,120 Sq Ft Home
  • 2-Story Property
  • Basement

Parking

  • 2 Car Garage
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Willson Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2516484001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,503

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Sq Ft Combined: 1120
  • Total Sq Ft: 1120
  • Sq Ft Total Bsmt: 638

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Brick/Mortar
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Royal Oak

Lot Info

  • List Price per Acre: 1376923.0769
  • Lot Size Area: 0.13
  • Lot Dimensions: 50X117
  • Parcel Number: 2516484001
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Electric, Heat, Water/Sewer
  • Monthly Rental Income: 1300

Tax Info

  • Tax Amount Summer: 2284.0000
  • Tax Amount Winter: 219.0000
  • Total Tax: 2503.0000

Multi Family

  • Gross Scheduled Income: 15600.00
  • Number Of Units Total: 2
  • Number of One 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
Sep 3, 2014
Closed on
Feb 20, 2015
Sold by
Banbury Shirley I
Bought by
Shkembi Ledion
Seller's Agent
Ellen Doster
National Realty Centers, Inc
Buyer's Agent
Courtney Assemany
KW Professionals Brighton
List Price
$220,000
Sold Price
$173,000
Premium/Discount to List
-$47,000
-21.36%
Current Estimated Value
$319,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,969
Avg. Annual Appreciation
5.96%
Original Mortgage
$138,400
Outstanding Balance
$105,374
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$214,595
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
Shkembi Ledion $173,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shkembi Ledion $138,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2015 02/20/15 Sold $173,000 -21.4% $154 / Sq Ft
12/28/2014 12/28/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $220,000 0.0% $196 / Sq Ft
10/26/2012 10/26/12 Rented $625 0.0% --
10/20/2012 10/20/12 Under Contract -- -- --
10/09/2012 10/09/12 For Rent $625 +4.2% --
07/03/2012 07/03/12 Rented $600 0.0% --
06/05/2012 06/05/12 Under Contract -- -- --
05/25/2012 05/25/12 For Rent $600 -- --
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 $2,335 $61,770 $0 $0
2022 $5,183 $102,670 $0 $0
2020 $1,177 $90,100 $0 $0
2018 $5,183 $79,510 $0 $0
2017 $3,358 $79,510 $0 $0
2015 -- $65,610 $0 $0
2014 -- $56,820 $0 $0
2011 -- $60,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Ellen Doster

    National Realty Centers, Inc

    Section Image
  • Courtney Assemany

    Buyer's Agent in 2015

    Courtney Assemany

    KW Professionals Brighton

    (248) 921-6959

    2 in this area

    55 Total Sales

    Courtney Assemany
    Section Image

  • N

    Seller's Agent in 2012

    Nena Lowry

    KW Showcase Realty

    Section Image

  • W

    Buyer's Agent in 2012

    William Mountain

    North Bloomfield Properties

    (248) 366-8484

    27 Total Sales

    William Mountain
    Section Image

  • T

    Buyer's Agent in 2012

    Timothy Redman

    THE JACKSON GROUP, INC.

  • T

    Buyer's Agent in 2012

    Tim Redman

    North Bloomfield Properties

    (248) 366-8484

    22 Total Sales

    Tim Redman
    Section Image
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Map

Source: Realcomp

MLS Number: 214091968

Realcomp

APN: 25-16-484-001

Michigan Oakland County Royal Oak 48067

312 N Washington Ave, Royal Oak, MI

This home is located at 312 N Washington Ave, Royal Oak, MI 48067 since 03 September 2014 and is currently estimated at $319,969, approximately $285 per square foot. This property was built in 1907. 312 N Washington 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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