NOT LISTED FOR SALE

320 S Maple Ave Royal Oak, MI 48067

Estimated Value: $393,116 - $500,000

4 Beds
4 Baths
1,741 Sq Ft
$255/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $300,000 $172 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,000/month

7 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Fenced
  • Northwood Elementary School Rated A-
  • High Speed Internet

About This Home

As of July 2019

Completely redone and walkable to down town Royal Oak - this is a gem! Easily live on the spacious first level of this updated Arts & Crafts home while renting out the upper unit, or as you wish (upper unit used as an Airbnb; the owner was getting $2,800/month). The kitchen in the lower unit was updated in 2019. This is a great opportunity for an entrepreneur who has cash flow in mind while living in one of the hottest areas of Royal Oak. The lower unit had a longer-term tenant paying $1700/month. Within walking distance to town you will not find a better location or opportunity for investment in the area! Curb appeal is great! I love the wide covered porch. Don't miss this opportunity!

Last Agent to Sell the Property

Nancy Robinson

Real Broker, LLC Berkley License #6501293614 Listed on: 06/11/2019

Real Broker, LLC Berkley

Co-Listed By

Caren Goldstone

Real Broker, LLC Berkley License #6501330043

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 1923 | Remodeled in 2019

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 45.00x114.00
  • Fenced

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 1,741 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 2 Parking Spaces
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Meadow Park Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2521206009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,765

Year Built

Built in 1923 | Remodeled in 2019

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1923
  • Year Renovated: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1741

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick Veneer (Brick Siding), Wood
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Brick/Mortar
  • Porch Type: Porch, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street, Paved
  • Total Parking Spaces: 2

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)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 2491666.6667
  • Lot Size Area: 0.12
  • Lot Dimensions: 45.00X114.00
  • Parcel Number: 2521206009
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 4500

Tax Info

  • Tax Amount Summer: 4849.0000
  • Tax Amount Winter: 916.0000
  • Total Tax: 5765.0000

Multi Family

  • Gross Scheduled Income: 54000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Jul 26, 2019
Sold by
Brendley Kurt A and Siira Valerie
Bought by
Wolfe Noah Michael
Seller's Agent
Nancy Robinson
Real Broker, LLC Berkley
Buyer's Agent
Andrea Carollo
Max Broock, REALTORS®-Birmingham
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%
Current Estimated Value
$444,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,529
Avg. Annual Appreciation
6.07%

Purchase Details

Listed on
Jun 19, 2015
Closed on
Sep 16, 2015
Sold by
Brendley Kurt A
Bought by
Brendley Kurt A and Siira Valerie
Seller's Agent
Adam Oberski
Century 21 Curran & Oberski
Buyer's Agent
Tushar Vakhariya
KW Domain
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.39%
Original Mortgage
$176,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2011
Sold by
Loy Andrew
Bought by
320 S Maple Ave Llc

Purchase Details

Closed on
Jun 15, 2005
Sold by
Gucciardo Anthony L and Gucciardo Virginia B
Bought by
Loy Andrew E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wolfe Noah Michael $310,250 None Available
Brendley Kurt A -- Michigan Title Ins Agency In
Brendley Kurt A $220,000 Michigan Title Ins Agency In
320 S Maple Ave Llc -- None Available
Loy Andrew E $209,000 Devon Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brendley Kurt A $176,000
Previous Owner Loy Andrew E $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2019 07/26/19 Sold $300,000 +0.3% $172 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/11/2019 06/11/19 For Sale $299,000 +35.9% $172 / Sq Ft
09/21/2015 09/21/15 Sold $220,000 -2.2% $126 / Sq Ft View Prior Sale
08/02/2015 08/02/15 Pending -- -- --
06/19/2015 06/19/15 For Sale $225,000 -- $129 / Sq Ft
Source: Realcomp

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
2025 $7,930 $164,040 $0 $0
2024 $6,617 $152,430 $0 $0
2022 $7,216 $140,200 $0 $0
2020 $6,382 $123,370 $0 $0
2018 $7,216 $106,830 $0 $0
2017 $4,479 $106,830 $0 $0
2015 -- $91,450 $0 $0
2014 -- $79,640 $0 $0
2011 -- $82,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219049838

Realcomp

APN: 25-21-206-009

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