NOT LISTED FOR SALE

3331 Prairie Ave Royal Oak, MI 48073

Estimated Value: $571,161 - $711,000

0.12 Acre
$5,321,167 Price per Acre
5,227 Sq Ft Lot

Last Sold July 06, 2021

Last sale price $130,000 $132 Per Sq Ft

Est. 391% increase in value since last sale

Current estimated payment $4,028/month

39 Days on Market

About This Lot

As of July 2021

ATTENTION BUILDERS OR HOMEOWNERS WHO WANT TO BUILD NEW. ROYAL OAK NEW CONSTRUCTION IS BLAZING HOT JUST LIKE EVERYTHING ON THE WOODWARD CORRIDOR. 40 X 194 LOT. ACCOMMODATES A 2800+ SQ FT HOME WITH GARAGE. NO LAND CONTRACT OR SELLER FINANCING AVAILABLE. 3 OTHER LOTS AVAILABLE AT 3715 DURHAM, 3351 CUMMINGS & 3408 STARR.

Last Agent to Sell the Property

Dylan Tanaka

EXP Realty Main License #6506046373 Listed on: 05/21/2021

EXP Realty Main

Last Buyer's Agent

Elizabeth Schlum

Max Broock, REALTORS®-Birmingham License #RCO-6501314044

Max Broock, REALTORS®-Birmingham

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00x125.00

Utilities

  • Sewer in Street

Community Details

  • Prairie Lawn Acres Sub No 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2507102032

Property Details

Property Type

Land

Est. Annual Taxes

$1,311

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 36000.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

  • Sewer: Sewer at Street
  • Water Source: Water at Street

Schools

  • School District: Royal Oak

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00X125.00
  • Parcel Number: 2507102032
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 1173.0000
  • Tax Amount Winter: 138.0000
  • Total Tax: 1311.0000
  • Taxable Value: 15270.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Live Well Custom Homes Llc
Bought by
Meldrum Benjamin W and Lamm Danielle
Current Estimated Value
$638,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,250
Outstanding Balance
$447,351
Interest Rate
4.99%
Mortgage Type
Balloon
Estimated Equity
$134,255

Purchase Details

Listed on
May 21, 2021
Closed on
Jul 23, 2021
Sold by
Jones Paul and Pretty Michigan Homes Llc
Bought by
Live Well Custom Homes Llc
Seller's Agent
Dylan Tanaka
EXP Realty Main
Buyer's Agent
Elizabeth Schlum
Max Broock, REALTORS®-Birmingham
List Price
$139,999
Sold Price
$130,000
Premium/Discount to List
-$9,999
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.86%
Original Mortgage
$950,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 16, 2014
Sold by
Kourdioukova Olga
Bought by
Pretty Michigan Homes Llc

Purchase Details

Closed on
Apr 30, 1998
Sold by
Mcnaughton Christina B
Bought by
Vasilkovskii Vasilii
Source: Public Records

Range of Values:

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ICE

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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
Meldrum Benjamin W -- Ata National Title
Live Well Custom Homes Llc $130,000 Michigan Investment Ttl Inc
Pretty Michigan Homes Llc $87,000 Chirco Title Agency Inc
Vasilkovskii Vasilii $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meldrum Benjamin W $463,250
Previous Owner Live Well Custom Homes Llc $950,000
Previous Owner Pretty Michigan Homes Llc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $130,000 -7.1% $132 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $139,999 -- $142 / 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 $7,509 $259,400 $0 $0
2022 $3,127 $56,000 $0 $0
2020 $7,297 $36,000 $0 $0
2018 $3,127 $15,000 $0 $0
2017 $811 $15,000 $0 $0
2015 -- $61,070 $0 $0
2014 -- $56,470 $0 $0
2011 -- $48,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210037783

Realcomp

APN: 25-07-102-032