NOT LISTED FOR SALE

523 Cherry Ave Royal Oak, MI 48073

Estimated Value: $318,000 - $364,000

3 Beds
1.5 Baths
1,322 Sq Ft
$260/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $227,000 $172 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,443/month

Highlights

  • Deck
  • Ranch Style House
  • 2.5 Car Detached Garage
  • Northwood Elementary School Rated A-
  • No HOA
  • 2-minute walk to Hamer Finch Wilkins Park

About This Home

As of January 2023

Move-in ready and turnkey, completely updated 3-bedroom, 1 1/2 bath property with all the amenities you need to feel right at home. Hardwood throughout much of the main level. Updates include new quartz counters in the kitchen, renovated bathrooms with new porcelain tile, and updated LED light fixtures throughout. Tons of potential in basement! Includes a laundry area with lots of open space. This home sits on a nice-sized lot an excellent space for outdoor entertaining. 2.5 car garage with plenty of storage. Enjoy residential living with Downtown Royal Oak just a few minutes away. Walkable to exquisite bars, restaurants, fitness facilities and the Detroit Zoo! Conveniently located near freeways and Beaumont Hospital. Non-smoking, Pets Negotiable. Application Fee: $30 Security Deposit $4125, 650+ credit score required. 3x Monthly Rent that is verifiable. 300$ Cleaning fee. Send application, 2 months paystubs, background, credit reports

Last Agent to Rent the Property

Antonio Wells

Anthony Djon Luxury Real Estate License #6501421858 Listed on: 12/05/2022

Anthony Djon Luxury Real Estate

Last Renter's Agent

Antonio Wells

Anthony Djon Luxury Real Estate License #6501421858 Listed on: 12/05/2022

Anthony Djon Luxury Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x 140

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Asphalt

Interior Spaces

  • 1,322 Sq Ft Home
  • Ceiling Fan
  • Attic Fan
  • Unfinished Basement

Kitchen

  • Free-Standing Gas Oven
  • Self-Cleaning Oven
  • Microwave
  • Free-Standing Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2.5 Car Detached Garage
  • Heated Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • ENERGY STAR Qualified Air Conditioning
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Ground Level

Listing and Financial Details

  • Security Deposit $4,125
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Application Fee: 30.00
  • Assessor Parcel Number 2509457006

Community Details

Overview

  • No Home Owners Association
  • Forest Heights Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Rental Info

  • Application Fee: 30.00
  • Lease Type: Single Family House
  • Rent Includes: Yard Maintenance
  • Security Deposit: 4125.00

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1959
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Cats OK, Dogs OK
  • AgentOnly_ListPriceByAcre: 17187.5000
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Furnished - No
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Freezer, Free-Standing Gas Oven, Microwave, Self Cleaning Oven, Washer
  • Total Sq Ft: 1322

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Asphalt, Brick
  • Foundation Materials: Poured
  • Porch Type: Deck
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car, 2.5 Car
  • Garage Features: Side Entrance, Electricity, Door Opener, Heated, Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Attic Fan, Ceiling Fan(s), Central Air, ENERGY STAR® Qualified A/C Equipment
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Additional Fee: 300.00

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 50X 140
  • Parcel Number: 2509457006

Multi Family

  • Length of Lease: 12 Months, 13-24 Months

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Oct 15, 2020
Sold by
Stoehr Kjaus Dieter R and Stoehr Ericka
Bought by
Tennant Nicholas
Seller's Agent
Daryl Wizinsky
LPT Realty, LLC
Buyer's Agent
Christian Grothe
Max Broock, REALTORS®-Birmingham
List Price
$249,900
Sold Price
$227,000
Premium/Discount to List
-$22,900
-9.16%
Current Estimated Value
$358,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,811
Avg. Annual Appreciation
8.20%

Purchase Details

Closed on
Feb 4, 2012
Sold by
Stoehr Klaus Dieter R and Stoehr Erika
Bought by
Collins Kirsten and Savage Michelle
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tennant Nicholas $227,000 Stg
Collins Kirsten -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2023 01/19/23 Rented $2,600 -5.5% --
12/05/2022 12/05/22 For Rent $2,750 0.0% --
10/15/2020 10/15/20 Sold $227,000 -1.3% $170 / Sq Ft View Prior Sale
09/28/2020 09/28/20 Pending -- -- --
09/26/2020 09/26/20 Price Changed $230,000 -8.0% $173 / Sq Ft
09/17/2020 09/17/20 For Sale $249,900 -- $188 / 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 $7,020 $150,240 $0 $0
2024 $5,857 $137,640 $0 $0
2022 $6,927 $119,750 $0 $0
2020 $5,649 $108,120 $0 $0
2018 $6,927 $97,060 $0 $0
2017 $2,978 $97,060 $0 $0
2015 -- $84,030 $0 $0
2014 -- $77,130 $0 $0
2011 -- $66,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221060755

Realcomp

APN: 25-09-457-006