NOT LISTED FOR SALE

406 E 7th St Royal Oak, MI 48067

Estimated Value: $362,000 - $446,000

3 Beds
1.5 Baths
1,173 Sq Ft
$345/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $238,500 $203 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,804/month

4 Days on Market

Highlights

  • Deck
  • No HOA
  • Bungalow
  • Royal Oak High School Rated A-
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

About This Home

As of May 2019

Opportunity abounds with this magnificent, well-maintained Craftsman Bungalow on a rare 200-foot deep lot just steps from Downtown Royal Oak. The home offers a newer roof with an updated bathroom and newer windows. Hardwood floors and coved ceilings with doorway arches and beautiful wood casement windows nicely outline the main areas of the home. There are many charming architectural details reminiscent of a by-gone era including extensive use of oak wood, newer carpeting on the upper level; freshly painted. Newer double doors lead off to the relaxing deck in the backyard and an inviting covered porch for those long days of summer. There is a huge fenced in backyard and a lovely gas fireplace in the main living space. 1 year home warranty included.

Last Agent to Sell the Property

John Cotter

KW Domain License #6501337682 Listed on: 03/17/2019

KW Domain

Last Buyer's Agent

Randall Hambright

KW Metro License #RCO-6501383140

KW Metro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50x203

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,173 Sq Ft Home
  • 1.5-Story Property
  • Living Room with Fireplace
  • Unfinished Basement

Kitchen

  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

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

Community Details

  • No Home Owners Association
  • Kayser's Add Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 2522159003
  • $7,155 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,577

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Warranty: Yes
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplace Locations: Living Room
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 1173

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Vinyl
  • Foundation Materials: Block
  • Porch Type: Deck, Porch - Covered
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • Garage Size: No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1021739.1304
  • Lot Size Area: 0.23
  • Lot Dimensions: 50x203
  • Parcel Number: 2522159003

Tax Info

  • Tax Amount Summer: 2013.9600
  • Tax Amount Winter: 563.4000
  • Total Tax: 2577.3600

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2019
Closed on
May 15, 2019
Sold by
Bullington Kathleen M
Bought by
Matanovic Mark
Seller's Agent
John Cotter
KW Domain
Buyer's Agent
Randall Hambright
KW Metro
List Price
$235,000
Sold Price
$238,500
Premium/Discount to List
$3,500
1.49%
Current Estimated Value
$404,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,733
Avg. Annual Appreciation
8.22%
Original Mortgage
$226,575
Outstanding Balance
$197,550
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$206,683
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
Matanovic Mark $238,500 Liberty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matanovic Mark $226,575
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2019 05/15/19 Sold $238,500 +1.5% $203 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
03/17/2019 03/17/19 For Sale $235,000 -- $200 / 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
2025 $8,295 $190,830 $0 $0
2024 $7,003 $173,300 $0 $0
2022 $7,103 $135,790 $0 $0
2020 $6,282 $121,430 $0 $0
2018 $7,103 $98,250 $0 $0
2017 $2,458 $98,250 $0 $0
2015 -- $80,310 $0 $0
2014 -- $74,510 $0 $0
2011 -- $70,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219019700

Realcomp

APN: 25-22-159-003