NOT LISTED FOR SALE

506 E University Ave Royal Oak, MI 48067

Estimated Value: $821,000 - $870,419

3 Beds
2.5 Baths
2,388 Sq Ft
$352/Sq Ft Est. Value

Last Sold December 16, 2015

Last sale price $549,900 $230 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,359/month

4 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • 2 Car Detached Garage
  • Royal Oak High School Rated 9+
  • Covered Patio or Porch
  • Bar Fridge

About This Home

As of December 2015

CHECK OUT THIS AMAZING NEWER CONSTRUCTION BUILT HOME JUST BLOCKS FROM DOWNTOWN ROYAL OAK. CUSTOM BUILDER HAS DESIGNED THIS HOUSE W/ AN OPEN FLOOR PLAN THAT CREATIVELY UTILIZES EVERY INCH OF SQUARE FOOTAGE. HOUSE HAS BEEN CRAFTED W/ PREMIUM MATERIALS & LUXURIOUS FINISHES & DETAILS THROUGHOUT. CROWN MOLDINGS, CUSTOM BUILT-IN CLOSETS, GRANITE COUNTERTOPS, TILE, STAINLESS APPLIANCES, ENERGY EFFICIENT WINDOWS & MECHANICALS, RECESSED LIGHTING, & MUCH MORE. DON'T MISS OUT! EXCLUDED IS STAIRWAY CHANDLER AND DINNING CHANDLER. BUYERS AGENT TO VERIFY ALL DATA/MEASUREMENTS.

Last Agent to Sell the Property

Michael Cutsinger

Preferred, Realtors® Ltd License #6501303618 Listed on: 10/02/2015

Preferred, Realtors® Ltd

Last Buyer's Agent

Michael Cutsinger

Preferred, Realtors® Ltd License #6501303618 Listed on: 10/02/2015

Preferred, Realtors® Ltd

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2011

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 45x130
  • Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Stone Siding

Interior Spaces

  • 2,388 Sq Ft Home
  • 2-Story Property
  • Bar Fridge
  • Gas Fireplace
  • Finished Basement

Kitchen

  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling 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 5 Royal Oak Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2515377002

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,413

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 16.28
  • Year Built: 2011
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Fireplace Fuel: Gas
  • Room Count: 10
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Bar Fridge, Disposal, Microwave, Refrigerator, Range/Stove
  • Sq Ft Combined: 3552
  • Sq Ft Lower Floor: 1164
  • Total Sq Ft: 2388
  • Sq Ft Total Bsmt: 1164

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Composition, Stone, Wood
  • Exterior Features: Fenced
  • Foundation Materials: Poured
  • Frontage Feet: 45
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

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

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Royal Oak

Lot Info

  • Homestead: Yes
  • List Price per Acre: 4230000.0000
  • Lot Size Area: 0.13
  • Lot Dimensions: 45X130
  • Parcel Number: 2515377002

Tax Info

  • Tax Amount Summer: 5172.0000
  • Tax Amount Winter: 1241.0000
  • Total Tax: 6413.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2021
Sold by
Lockwood Natalie J and Kutidze Givi
Bought by
Posner Kenneth F and Posner Gail F
Current Estimated Value
$841,105

Purchase Details

Closed on
Nov 6, 2020
Sold by
Lockwood Natalie J
Bought by
Lockwood Natalie J and Kutidze Givi

Purchase Details

Listed on
Oct 2, 2015
Closed on
Dec 16, 2015
Sold by
Shepherd Steven and Shepherd Erin M
Bought by
Lockwood Natalie J
Seller's Agent
Michael Cutsinger
Preferred, Realtors® Ltd
Buyer's Agent
Michael Cutsinger
Preferred, Realtors® Ltd
List Price
$549,900
Sold Price
$549,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Original Mortgage
$412,425
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2011
Sold by
P R M Contracting Llc and Mooney Paul Richard
Bought by
Shepherd Steven and Shepherd Erin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,475
Interest Rate
4.88%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 2011
Sold by
Mooney Paul and Mooney Maisa Kharbush
Bought by
P R M Contracting

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,475
Interest Rate
4.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 2011
Sold by
Kashat Farid S and Kashat Samira
Bought by
Mooney Paul

Purchase Details

Closed on
May 19, 2009
Sold by
Yostos Michel
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
Dec 1, 2005
Sold by
Kacir Ivanka
Bought by
Yostos Michel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2005
Sold by
Kacir Greg and Kacir Ivanka
Bought by
Kacir Ivanka

Purchase Details

Closed on
Nov 8, 1995
Sold by
Howe Evelyn
Bought by
Kacir Greg
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
Posner Kenneth F $707,000 Devon Title Agency
Lockwood Natalie J -- None Available
Lockwood Natalie J $549,900 Title Solutions Agency Llc
Shepherd Steven $322,000 None Available
P R M Contracting -- None Available
Mooney Paul $57,000 First American Title Ins Co
Deutsche Bank Trust Company Americas $47,000 None Available
Yostos Michel $152,000 None Available
Kacir Ivanka -- --
Kacir Greg $35,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lockwood Natalie J $412,425
Previous Owner Shepherd Steven $300,475
Previous Owner Yostos Michel $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2015 12/16/15 Sold $549,900 0.0% $230 / Sq Ft
10/06/2015 10/06/15 Pending -- -- --
10/02/2015 10/02/15 For Sale $549,900 -- $230 / 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 $10,800 $375,020 $0 $0
2022 $12,925 $337,630 $0 $0
2020 $10,495 $267,490 $0 $0
2018 $12,925 $238,700 $0 $0
2017 $9,363 $238,700 $0 $0
2015 -- $174,530 $0 $0
2014 -- $170,840 $0 $0
2011 -- $14,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Michael Cutsinger

    Preferred, Realtors® Ltd

    (734) 637-0859

    1 in this area

    104 Total Sales

    Michael Cutsinger
    Section Image
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Map

Source: Realcomp

MLS Number: 215107006

Realcomp

APN: 25-15-377-002

Michigan Oakland County Royal Oak 48067

506 E University Ave, Royal Oak, MI

This home is located at 506 E University Ave, Royal Oak, MI 48067 since 02 October 2015 and is currently estimated at $841,105, approximately $352 per square foot. This property was built in 2011. 506 E University 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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