NOT LISTED FOR SALE

500 Fairgrove Ave Royal Oak, MI 48067

Estimated Value: $287,272 - $308,000

2 Beds
1 Bath
982 Sq Ft
$300/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $251,000 $256 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,027/month

54 Days on Market

Highlights

  • Raised Ranch Architecture
  • No HOA
  • 2 Car Detached Garage
  • Royal Oak High School Rated 9+
  • Covered Patio or Porch
  • Programmable Thermostat

About This Home

As of September 2023

A perfect downtown location and fully updated home in 2023 with brand new Roof w/ 30 Year Warranty, High Efficiency Furnace w/ Humidifier, new Chimney Liner and new Water Heater make this one of Royal Oak's more unique and attractive offerings. Just 2 blocks from 11 Mile & Main, your short walk to town puts you in easy reach of all of the city’s shopping, dining and entertainment venues without the hassle of in-town parking. This 2BR ranch home features a large, open LR and DR, a generous Master BR with a full wall of closets, a roomy Bath, vintage white oak and ceramic flooring throughout, and a lovely covered Front Porch to enjoy 3 seasons outdoors. Laundry is in the basement, and the shaded rear yard houses a sturdy 2+ car concrete block Garage with electric power and door opener. Fairgrove Ave. is a short, quiet street at the entrance to downtown with only 28 homes and no through traffic. It's a fantastic spot to buy -- its many new builds will always safeguard your investment dollar. Seller is a licensed realtor.

Last Agent to Sell the Property

Brian McClory

Sine & Monaghan, LLC License #6501383506 Listed on: 07/21/2023

Sine & Monaghan, LLC

Last Buyer's Agent

Lori Morrison

O'Connor Realty Detroit, LLC License #6501402124

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1917 | Remodeled in 2023

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00 x 137.00
  • Back Yard Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Raised Ranch Architecture
  • Block Foundation
  • Asphalt Roof
  • Chimney Cap

Interior Spaces

  • 982 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors

Kitchen

  • Free-Standing Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutter Guard System

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Austin's Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2515376011

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,261

Year Built

Built in 1917 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Raised Ranch
  • Architecture Level: 1 Story
  • Year Built: 1917
  • State Equalized Value: 108320.0000
  • Year Renovated: 2023
  • Entry Location: Ground Level w/Steps
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Carbon Monoxide Alarm(s), Circuit Breakers, Programmable Thermostat, Furnished - No
  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 982
  • Total Sq Ft: 982
  • Sq Ft Total Bsmt: 632

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Basement
  • Construction Materials: Aluminum
  • Exterior Features: Chimney Cap(s), Gutter Guard System, Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Fencing: Back Yard

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), 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

Schools

  • School District: Royal Oak

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00 x 137.00
  • Parcel Number: 2515376011

Tax Info

  • Tax Amount Summer: 3594.0000
  • Tax Amount Winter: 667.0000
  • Total Tax: 4261.0000
  • Taxable Value: 76290.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Sep 29, 2023
Sold by
Mc West Holdings Llc
Bought by
Morrison David L and Morrison Lori A
Seller's Agent
Brian McClory
Sine & Monaghan, LLC
Buyer's Agent
Lori Morrison
O'Connor Realty Detroit, LLC
List Price
$284,900
Sold Price
$251,000
Premium/Discount to List
-$33,900
-11.9%
Views
101
Current Estimated Value
$294,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,318
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
Dec 4, 2013
Sold by
Mcclory Brian J
Bought by
Mc West Holdings Llc

Purchase Details

Closed on
Apr 10, 2007
Sold by
Detal Patrice
Bought by
Us Bank Na and Mlmi Surf Trust Series 2006-Bc2

Purchase Details

Closed on
Nov 28, 2005
Sold by
Rl Royal Three Inc
Bought by
Detal Patrice A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,720
Interest Rate
7.2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Morrison David L $251,000 Ata National Title
Mc West Holdings Llc -- None Available
Us Bank Na $89,165 None Available
Detal Patrice A $159,650 None Available
Rl Royal Three Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rl Royal Three Inc $127,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $251,000 -11.9% $256 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $284,900 -- $290 / 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 $5,608 $120,730 $0 $0
2022 $4,260 $108,320 $0 $0
2020 $3,768 $97,980 $0 $0
2018 $4,260 $87,170 $0 $0
2017 $3,885 $87,170 $0 $0
2015 -- $71,970 $0 $0
2014 -- $67,520 $0 $0
2011 -- $64,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brian McClory

    Sine & Monaghan, LLC

    (313) 884-7000

    7 in this area

    21 Total Sales

    Brian McClory
    Section Image
  • Lori Morrison

    Buyer's Agent in 2023

    Lori Morrison

    O'Connor Realty Detroit, LLC

    (248) 860-0022

    4 in this area

    23 Total Sales

    Lori Morrison
    Section Image
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Map

Source: Realcomp

MLS Number: 20230056978

Realcomp

APN: 25-15-376-011

Michigan Oakland County Royal Oak 48067

500 Fairgrove Ave, Royal Oak, MI

This home is located at 500 Fairgrove Ave, Royal Oak, MI 48067 since 21 July 2023 and is currently estimated at $294,318, approximately $299 per square foot. This property was built in 1917. 500 Fairgrove Ave is a home located in Oakland County with nearby schools including Keller Elementary, Royal Oak Middle School, and Royal Oak High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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