NOT LISTED FOR SALE

3127 Merrill Ave Royal Oak, MI 48073

Estimated Value: $291,000 - $352,000

3 Beds
1.5 Baths
1,027 Sq Ft
$311/Sq Ft Est. Value

Last Sold October 26, 2012

Last sale price $105,000 $102 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $2,091/month

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of May 2024

Excellent location! Conveniently close to Beaumont Hospital, this charming three-bedroom brick ranch boasts an inviting open floor plan. Gorgeous hardwood flooring, which was beautifully refinished in 2020, spans throughout the home. Spacious kitchen with plenty of storage and nook with doorwall leading to screen in patio. The bathrooms have been tastefully updated, and the primary bedroom features a convenient half bath. A newer cement driveway adds to the property's appeal. A credit application fee of $50 dollars is required and paid by tenant, along with the first month's rent and a security deposit of one and a half months. Additionally, a non-refundable cleaning fee of $250 is applicable.

Last Agent to Rent the Property

Abe Qassis

RE/MAX Classic License #6501283284 Listed on: 04/01/2024

RE/MAX Classic

Last Renter's Agent

Carlo Gobba

EXP Realty Main License #6501278999

EXP Realty Main

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,232

Year Built

  • Built in 1962 | Remodeled in 2010

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x146

Parking

  • 2 Car Detached Garage

Home Design

  • 1,027 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete

Kitchen

  • Free-Standing Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Exterior Lighting
  • Ground Level
  • Partially Finished Basement

Community Details

  • No Home Owners Association
  • Elaine Park Sub Subdivision

Listing and Financial Details

  • Security Deposit $2,925
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Application Fee: 50.00
  • Assessor Parcel Number 2508151002

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,232

Year Built

Built in 1962 | Remodeled in 2010

Lot Details

0

Rental Info

  • Application Fee: 50.00
  • Lease Type: Single Family House
  • Security Deposit: 2925.00

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1962
  • Year Renovated: 2010
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 1427
  • Sq Ft Lower Floor: 400
  • Total Sq Ft: 1027
  • Sq Ft Total Bsmt: 1027

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Additional Fee: 250.00

Schools

  • School District: Royal Oak

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 50x146
  • Parcel Number: 2508151002

Multi Family

  • Length of Lease: 12 Months, 13-24 Months, 37-48 Months

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2014
Sold by
Bederian Family Llc
Bought by
Bederian Royal Oak Llc
Current Estimated Value
$319,545

Purchase Details

Closed on
Jan 17, 2012
Sold by
Myers Eric
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jan 14, 2000
Sold by
Dunn Margaret P
Bought by
Myers Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,400
Interest Rate
8.24%
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
Bederian Royal Oak Llc -- None Available
Federal Home Loan Mortgage Corp $103,169 None Available
Myers Eric $140,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Myers Eric $112,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2024 05/06/24 Rented $1,950 0.0% --
05/05/2024 05/05/24 Under Contract -- -- --
04/01/2024 04/01/24 For Rent $1,950 0.0% --
07/31/2023 07/31/23 Rented $1,950 0.0% --
05/30/2023 05/30/23 For Rent $1,950 +5.4% --
10/08/2021 10/08/21 Rented $1,850 0.0% --
09/22/2021 09/22/21 Price Changed $1,850 -3.9% $2 / Sq Ft
09/03/2021 09/03/21 For Rent $1,925 +16.7% --
08/10/2020 08/10/20 Rented $1,650 0.0% --
08/06/2020 08/06/20 Under Contract -- -- --
06/30/2020 06/30/20 For Rent $1,650 +3.8% --
06/06/2018 06/06/18 Rented $1,590 0.0% --
06/04/2018 06/04/18 Under Contract -- -- --
05/08/2018 05/08/18 Price Changed $1,590 -5.9% $2 / Sq Ft
04/03/2018 04/03/18 For Rent $1,690 +9.0% --
03/17/2017 03/17/17 Rented $1,550 0.0% --
03/17/2017 03/17/17 Under Contract -- -- --
01/17/2017 01/17/17 For Rent $1,550 +3.3% --
06/15/2015 06/15/15 Rented $1,500 -3.2% --
06/15/2015 06/15/15 Under Contract -- -- --
04/06/2015 04/06/15 For Rent $1,550 +11.1% --
02/02/2013 02/02/13 Rented $1,395 -6.7% --
02/02/2013 02/02/13 Under Contract -- -- --
11/12/2012 11/12/12 For Rent $1,495 0.0% --
10/26/2012 10/26/12 Sold $105,000 -22.2% $102 / Sq Ft
10/23/2012 10/23/12 Pending -- -- --
06/26/2012 06/26/12 For Sale $134,900 -- $131 / 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 $4,232 $115,510 $0 $0
2022 $4,616 $104,660 $0 $0
2020 $4,082 $93,520 $0 $0
2018 $4,616 $86,440 $0 $0
2017 $4,191 $86,440 $0 $0
2015 -- $74,920 $0 $0
2014 -- $73,180 $0 $0
2011 -- $67,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240020230

Realcomp

APN: 25-08-151-002