NOT LISTED FOR SALE

601 Catalpa Dr Royal Oak, MI 48067

Estimated Value: $486,945 - $510,000

3 Beds
2 Baths
1,945 Sq Ft
$256/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $288,000 $148 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,178/month

26 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • High Speed Internet
  • Northwood Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of June 2016

Special Opportunity. Great investment or could be converted to sing family home. Wonderful 1940 brick Tudor duplex close to town. Features include; hardwood floors, beautiful mill work, and great space. Upper floor offers 1 bedroom with balcony overlooking backyard, full bath, spacious living room and dining room and kitchen. Lower level has large kitchen with breakfast space, living room with fireplace, dining room and 2 bedrooms + bath. Patio off one bedroom. Full basement with shared laundry, great storage and bonus room with fireplace. Rare oversized lot. Agent is owner.

Last Agent to Sell the Property

Frank Flynn

The Agency Hall & Hunter License #6501298894 Listed on: 04/01/2016

The Agency Hall & Hunter

Co-Listed By

Julie Flynn

The Agency Hall & Hunter License #6501294493

Last Buyer's Agent

Tony Moreno

Berkley Realty Group LLC License #6501378254

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1940

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 71x156x60x155

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,945 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Water Meter
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Osgood Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2516404004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,675

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Common, Unfinished
  • Sq Ft Combined: 1945
  • Total Sq Ft: 1945
  • Sq Ft Total Bsmt: 1135

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick, Stone
  • Foundation Materials: Block
  • Frontage Feet: 71
  • Porch Type: Balcony, Porch, Porch - Covered
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Common, Electric
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Royal Oak

Lot Info

  • List Price per Acre: 1287500.0000
  • Lot Size Area: 0.24
  • Lot Dimensions: 71x156x60x155
  • Parcel Number: 2516404004
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2400

Tax Info

  • Tax Amount Summer: 4009.0000
  • Tax Amount Winter: 666.0000
  • Total Tax: 4675.0000

Multi Family

  • Gross Scheduled Income: 28800.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jun 3, 2016
Sold by
Flynn Frank E and Flynn Julie R
Bought by
Parker Stephen and Parker Elana
Seller's Agent
Frank Flynn
The Agency Hall & Hunter
Buyer's Agent
Tony Moreno
Berkley Realty Group LLC
List Price
$309,000
Sold Price
$288,000
Premium/Discount to List
-$21,000
-6.8%
Current Estimated Value
$498,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,736
Avg. Annual Appreciation
5.74%

Purchase Details

Closed on
Dec 28, 2012
Sold by
Flynn Frank E and Flynn Julie R
Bought by
Flynn Frank E and Flynn Julie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,700
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2005
Sold by
Flynn Frank E and Flynn Julie R
Bought by
Flynn Frank E and Flynn Julie R

Purchase Details

Closed on
Sep 14, 2004
Sold by
Sisk Loui A
Bought by
Flynn Frank E and Flynn Julie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
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
Parker Stephen $288,000 Devon Title Agency
Flynn Frank E -- Parks
Flynn Frank E -- Philip R Seaver Title Co Inc
Flynn Frank E $320,000 Philip R Seaver Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parker Stephen $263,983
Closed Parker Stephen Loggins $288,000
Previous Owner Flynn Frank E $158,700
Previous Owner Flynn Frank E $176,000
Previous Owner Flynn Frank $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2016 06/03/16 Sold $288,000 -6.8% $148 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $309,000 -- $159 / 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 $5,583 $196,740 $0 $0
2022 $5,800 $182,030 $0 $0
2020 $4,836 $0 $0 $0
2018 $5,800 $132,220 $0 $0
2017 $7,481 $132,220 $0 $0
2015 -- $113,500 $0 $0
2014 -- $97,870 $0 $0
2011 -- $94,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 216030041

Realcomp

APN: 25-16-404-004