NOT LISTED FOR SALE

503 W Twelve Mile Rd Royal Oak, MI 48073

Estimated Value: $337,000 - $391,000

4 Beds
2 Baths
1,827 Sq Ft
$201/Sq Ft Est. Value

Last Sold June 02, 2015

Last sale price $153,000 $84 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $2,527/month

215 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Covered Patio or Porch
  • Northwood Elementary School Rated A-
  • No HOA
  • 3-minute walk to Hamer Finch Wilkins Park

About This Home

As of June 2015

This older colonial is a well build house with great bones. The lot is zoned mixed use 2, and it has been used as a single family home, and as a rental property in the past (1970's). There are kitchens and baths on both floors. On the main floor is a large living room with a fireplace, a kitchen, a bath and two bedrooms (one could be used as a den if desired), upstairs is another kitchen and full bath and three or four bedrooms (one bedroom could be used as a living room). There is also a third floor unfinished attic. There are two GFA furnaces (one is a high efficiency unit). The yard is fenced and well maintained. This house is in good condition, but it is dated. Uses other than as a residential dwelling (i.e.: office or small shop of some kind) will likely require a variance from the Royal Oak zoning board.

Last Agent to Sell the Property

Thomas Pierce

Real Estate One-Royal Oak License #6502139344 Listed on: 09/26/2014

Real Estate One-Royal Oak

Last Buyer's Agent

Leanne Smits

Real Estate One-Royal Oak License #6501271221

Real Estate One-Royal Oak

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • Lot Dimensions are 60x135.15
  • Property fronts a private road
  • Fenced
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,827 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Utilities

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

Community Details

  • No Home Owners Association
  • Assr's Plat No 15 Royal Oak Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2516204003
  • $3,000 Seller Concession

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Refrigerator, Range/Stove
  • Total Sq Ft: 1827

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Block
  • Porch Type: Porch - Covered
  • Road Frontage Type: Private, Pub. Sidewalk

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Dimensions: 60X135.15
  • Parcel Number: 2516204003

Tax Info

  • Tax Amount Summer: 3949.0000
  • Tax Amount Winter: 378.0000
  • Total Tax: 4327.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2014
Closed on
Jun 2, 2015
Sold by
Krawczyk Pamela and Krawczyk Kevin
Bought by
Kayani Imran
Seller's Agent
Thomas Pierce
Real Estate One-Royal Oak
Buyer's Agent
Leanne Smits
Real Estate One-Royal Oak
List Price
$199,900
Sold Price
$153,000
Premium/Discount to List
-$46,900
-23.46%
Current Estimated Value
$366,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,916
Avg. Annual Appreciation
8.77%
Original Mortgage
$112,750
Outstanding Balance
$37,141
Interest Rate
0.78%
Mortgage Type
New Conventional
Estimated Equity
$329,775
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
Kayani Imran $153,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kayani Imran $112,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2015 06/02/15 Sold $153,000 -23.5% $84 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
09/26/2014 09/26/14 For Sale $199,900 -- $109 / 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 $7,241 $149,450 $0 $0
2022 $7,570 $139,420 $0 $0
2020 $6,744 $128,200 $0 $0
2018 $7,570 $119,640 $0 $0
2017 $6,769 $119,640 $0 $0
2015 -- $126,150 $0 $0
2014 -- $121,140 $0 $0
2011 -- $101,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 214100976

Realcomp

APN: 25-16-204-003