NOT LISTED FOR SALE

516 S Dorchester Ave Royal Oak, MI 48067

Estimated Value: $294,000 - $407,955

3 Beds
2 Baths
1,225 Sq Ft
$300/Sq Ft Est. Value

Last Sold May 22, 2023

Last sale price $380,000 $310 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,368/month

1 Day on Market

Highlights

  • No HOA
  • Stainless Steel Appliances
  • Patio
  • Royal Oak High School Rated 9+
  • 2 Car Detached Garage
  • Bungalow

About This Home

As of May 2023

**OPEN HOUSE CANCELLED**Welcome to this charming 3-bedroom bungalow in the heart of Royal Oak. This lovely home boasts two full baths, a finished basement, 4 season bonus room, and a great backyard, perfect for outdoor entertaining. Upon entering the home, you'll be greeted by an inviting living room, complete with beautiful hardwood floors and plenty of natural light. The dining room offers plenty of room to enjoy meals and is open to the kitchen. Kitchen is modern and functional, featuring stainless steel appliances, granite countertops, undercabinet lighting and Lafata cabinets. Two bedrooms are located on the main level, each offer their own unique charm and character. One of the rooms has an entrance to the bonus 4 season room that is both heated and cooled and offers a great space for an office, playroom or storage. Primary bedroom is upstairs with ample ceiling space and plenty of storage with walk in closets.
Backyard is a true oasis, featuring a large stamped concrete patio, perennial gardens and fully fenced. This space is perfect for summer barbecues or just enjoying a quiet evening at home. The finished basement provides even more space to relax and unwind, with a spacious area for a den, play room or office space. 2 car garage features 220 amp hook up. Roof replaced a year ago.
Located minutes from downtown Royal Oak and Ferndale. Don't miss out on the opportunity to make this lovely bungalow your forever home! BATVAI

Last Agent to Sell the Property

Stacy Dyer

Real Estate One-Troy License #6501391402 Listed on: 04/13/2023

Real Estate One-Troy

Last Buyer's Agent

Nick Asplund

@properties Christie's Int'l RE Grosse Pointe License #6501411088

@properties Christie's Int'l RE Grosse Pointe

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1940

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 120.00

Home Design

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

Interior Spaces

  • 1,225 Sq Ft Home
  • 1.5-Story Property
  • Finished Basement
  • Sump Pump

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Patio
  • Ground Level

Community Details

  • No Home Owners Association
  • Home Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2523152026

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,417

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1940
  • State Equalized Value: 130040.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 2003
  • Sq Ft Lower Floor: 778
  • Total Sq Ft: 1225
  • Sq Ft Total Bsmt: 778

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Electricity, Door Opener, Detached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Royal Oak

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00 x 120.00
  • Parcel Number: 2523152026

Tax Info

  • Tax Amount Summer: 2637.0000
  • Tax Amount Winter: 780.0000
  • Total Tax: 3417.0000
  • Taxable Value: 89260.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 22, 2023
Sold by
Maxwell Michael J and Maxwell Whitney R
Bought by
Monterosso John
Seller's Agent
Stacy Dyer
Real Estate One-Troy
Buyer's Agent
Nick Asplund
@properties Christie's Int'l RE Grosse Pointe
List Price
$320,000
Sold Price
$380,000
Premium/Discount to List
$60,000
18.75%
Views
10
Current Estimated Value
$367,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,261
Avg. Annual Appreciation
-1.42%

Purchase Details

Closed on
May 24, 2018
Sold by
Serafinski Sara L and Smith Sara L
Bought by
Maxwell Michel J and Butler Whitney R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,500
Interest Rate
4.49%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 12, 2009
Sold by
Wells Fargo Bank Na
Bought by
Smith Sara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,668
Interest Rate
5.06%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 2008
Sold by
Rubio Rafael L and Rubio Johanna R
Bought by
Wells Fargo Bank Na and Option One Mortgage Loan Trust 2005-5 As

Purchase Details

Closed on
Dec 3, 1999
Sold by
Martorelli Michael L
Bought by
Rubio Rafael I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,820
Interest Rate
7.76%

Purchase Details

Closed on
Apr 15, 1996
Sold by
Meier Ora
Bought by
Martorelli Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,010
Interest Rate
7.91%
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
Monterosso John $380,000 None Listed On Document
Maxwell Michel J $253,500 None Available
Smith Sara L $78,100 E Title Agency Inc
Wells Fargo Bank Na $188,700 None Available
Rubio Rafael I $141,900 --
Martorelli Michael L $98,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maxwell Michel J $253,500
Previous Owner Serafinski Sara L $86,000
Previous Owner Smith Sara L $76,668
Previous Owner Rubio Rafael I $187,150
Previous Owner Rubio Rafael I $2,200
Previous Owner Rubio Rafael I $141,820
Previous Owner Martorelli Michael L $89,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2023 05/22/23 Sold $380,000 +18.8% $310 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $320,000 -- $261 / 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 $4,565 $154,660 $0 $0
2022 $3,417 $130,040 $0 $0
2020 $2,810 $89,190 $0 $0
2018 $3,417 $76,210 $0 $0
2017 $2,585 $76,210 $0 $0
2015 -- $68,950 $0 $0
2014 -- $63,590 $0 $0
2011 -- $59,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230025450

Realcomp

APN: 25-23-152-026