NOT LISTED FOR SALE

525 Florence Ave Royal Oak, MI 48067

Estimated Value: $1,007,000 - $1,161,651

5 Beds
4.5 Baths
3,586 Sq Ft
$308/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $868,000 $242 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,236/month

18 Days on Market

Highlights

  • In Ground Pool
  • Colonial Architecture
  • Covered Patio or Porch
  • Northwood Elementary School Rated A-
  • No HOA
  • Double Oven

About This Home

As of March 2021

Stunning 2019 custom build w/ amazing location on dead end street just steps away from downtown Royal Oak. Private oversized lot offers a back-yard paradise w/ in-ground heated saltwater pool, year-round hot tub, professionally landscaped yard w/ fruit trees, buried downspouts and sprinkler system. Open floor plan boasts a dream kitchen w/ double oven, oversized pantry, large island w/ seating and breakfast nook. Oversized master suite with cathedral ceiling, large WIC & beautiful bathroom w/ eurostyle dual-head shower. Spacious ensuite and J&J w/ WICs. Finished LL provides recreation space, extra bedroom, full bath and plenty of storage. Home also offers 2 story foyer, formal dining, flex room w/ WIC for office or 6th bdrm, mudroom w/ custom built-ins and closet, generous family room w/ stone fireplace, 2nd flr laundry, Nest doorbell & security cameras, built in sound system, backup water powered sump pump, Hardie Board siding, large driveway, and attached 2.5 car garage w/ workbench.

Last Agent to Sell the Property

Christian Grothe

Max Broock, REALTORS®-Birmingham License #6501329715 Listed on: 02/17/2021

Max Broock, REALTORS®-Birmingham

Last Buyer's Agent

Joanna Darmanin

KW Metro License #6501312160

KW Metro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2019

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 96x120
  • Fenced
  • Irregular Lot

Parking

  • 2 Car Attached Garage

Home Design

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

Interior Spaces

  • 3,586 Sq Ft Home
  • 2-Story Property
  • Sound System
  • Bar Fridge
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Security System Owned
  • Finished Basement

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Ground Level

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
  • Edgewood Park Sub Royal Oak Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2516461011

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,989

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2019
  • State Equalized Value: 358930.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Security Alarm (owned), Sound System
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Living Room
  • Room Count: 19
  • Total Bedrooms: 5
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Bar Fridge, Gas Cooktop, Dishwasher, Disposal, Microwave, Double Oven, Free-Standing Refrigerator, Stainless Steel Appliance(s)
  • Sq Ft Combined: 4786
  • Sq Ft Lower Floor: 1200
  • Total Sq Ft: 3586
  • Sq Ft Total Bsmt: 1568

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Composition, Stone
  • Exterior Features: Fenced, Lighting, Pool - Inground, Spa/Hot-tub
  • Foundation Materials: Poured
  • Frontage Feet: 96
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • 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)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Royal Oak

Lot Info

  • Homestead: Yes
  • List Price per Acre: 3910434.7826
  • Lot Features: Irregular
  • Lot Size Area: 0.23
  • Lot Dimensions: 96x120
  • Parcel Number: 2516461011

Tax Info

  • Tax Amount Summer: 11243.0000
  • Tax Amount Winter: 2746.0000
  • Total Tax: 13989.0000
  • Taxable Value: 350800.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Mar 26, 2021
Sold by
Miller Adam and Miller Jody
Bought by
Paladino Palge
Seller's Agent
Christian Grothe
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Joanna Darmanin
KW Metro
List Price
$899,400
Sold Price
$868,000
Premium/Discount to List
-$31,400
-3.49%
Current Estimated Value
$1,106,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,163
Avg. Annual Appreciation
5.63%
Original Mortgage
$824,600
Outstanding Balance
$744,945
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$361,218

Purchase Details

Listed on
Dec 21, 2016
Closed on
May 12, 2017
Sold by
Right Renovations Llc
Bought by
Miller Adam and Miller Jody
Seller's Agent
Dave Abdallah
Century 21 Curran & Oberski
Buyer's Agent
Christina Gennari
KW Domain
List Price
$279,900
Sold Price
$231,000
Premium/Discount to List
-$48,900
-17.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.78%

Purchase Details

Listed on
Oct 21, 2015
Closed on
Jan 15, 2016
Sold by
The Bank Of New York Mellon
Bought by
Right Renovations Llc
Seller's Agent
Jason Megie
Preferred Realty Pros
Buyer's Agent
Alex Saad
RE/MAX Team 2000
List Price
$154,500
Sold Price
$125,000
Premium/Discount to List
-$29,500
-19.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.38%

Purchase Details

Closed on
Jan 20, 2015
Sold by
Flynn Dennis R and Flynn Yvonne A
Bought by
The Bank Of New York Mellon and The Bank Of New York
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
Paladino Palge $868,000 Vanguard Title Company
Miller Adam $231,000 None Available
Right Renovations Llc $125,000 Parks Title
The Bank Of New York Mellon $158,521 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paladino Paige $160,900
Closed Paladino Paige $87,000
Open Paladino Paige $824,600
Previous Owner Miller Adam M $618,750
Previous Owner Miller Jody $628,500
Previous Owner Flynn Dennis R $174,400
Closed Miller Adam $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $868,000 -3.5% $242 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $899,400 +289.4% $251 / Sq Ft
05/12/2017 05/12/17 Sold $231,000 +0.9% $206 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
02/15/2017 02/15/17 Price Changed $229,000 -4.5% $204 / Sq Ft
01/21/2017 01/21/17 Price Changed $239,900 -11.0% $214 / Sq Ft
01/05/2017 01/05/17 Price Changed $269,700 -3.6% $241 / Sq Ft
12/21/2016 12/21/16 For Sale $279,900 +123.9% $250 / Sq Ft
01/22/2016 01/22/16 Sold $125,000 -19.1% $112 / Sq Ft
12/31/2015 12/31/15 Pending -- -- --
10/21/2015 10/21/15 For Sale $154,500 -- $138 / 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 $14,504 $505,380 $0 $0
2022 $18,235 $447,640 $0 $0
2020 $14,094 $358,930 $0 $0
2018 $18,235 $117,930 $0 $0
2017 $6,672 $117,930 $0 $0
2015 -- $77,240 $0 $0
2014 -- $71,850 $0 $0
2011 -- $66,940 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210010420

Realcomp

APN: 25-16-461-011