NOT LISTED FOR SALE

602 Cherry Ave Royal Oak, MI 48073

Estimated Value: $642,000 - $864,000

4 Beds
3.5 Baths
2,277 Sq Ft
$347/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $821,000 $361 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,971/month

10 Days on Market

Highlights

  • Spa
  • Colonial Architecture
  • Covered Patio or Porch
  • Northwood Elementary School Rated A-
  • No HOA
  • 2-minute walk to Hamer Finch Wilkins Park

About This Home

As of August 2024

Welcome to this newer-built Colonial in the desirable Northwood School District, just minutes from downtown Royal Oak! This move-in ready home features a maintenance free exterior with nice stone details, mature landscaping with irrigation, fenced in yard, large patio with spa/hot tub, shed and a welcoming covered front porch. Inside, you'll find an inviting entryway leading to a versatile office with pocket doors and built-in shelves. The open-concept living area has newly refinished hardwood floors and a double-sided stone fireplace that separates the living room from the dining area. The kitchen features new quartz countertops, a tile backsplash, and under-cabinet lighting. The stainless steel appliances include a 5-burner stove, hood fan, fridge, microwave and dishwasher. The functional mudroom connects to the 2.5 car attached garage with finished interior including epoxy floors and fridge that stays. On the first floor you will also find a convenient powder room. Upstairs, the expansive master suite features a large bathroom, walk-in closet, and direct access to the laundry room with a front-loading washer and dryer. Two additional bedrooms and a full bath round out the second floor. The finished basement offers a fantastic entertainment space with wet bar, theater with projector and screen included, along with a 4th bedroom with built-in murphy bed and full bath. Nice storage area with deep freezer that stays. Additional useful features include a generator hook-up, backup sump, and TV/audio surveillance set up and in place for the new owners. Don’t miss this one!

Last Agent to Sell the Property

John Farhat

Good Company License #6501349205 Listed on: 07/18/2024

Good Company

Last Buyer's Agent

Patti Martini

The Home Store Inc. License #6501289487

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2014

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Back Yard Fenced

Parking

  • 2 Car Direct Access Garage

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,277 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Double Sided Fireplace
  • Living Room with Fireplace
  • Finished Basement
  • Sump Pump

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Covered Patio or Porch
  • Exterior Lighting
  • Shed

Location

  • Ground Level

Utilities

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

Community Details

  • No Home Owners Association
  • Forest Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2509455019

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,561

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2014
  • State Equalized Value: 277980.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Wet Bar, Exterior Video Surveillance
  • Fireplace: Yes
  • Fireplace Locations: Double Sided, Living Room
  • Total Bedrooms: 4
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Range Hood, Stainless Steel Appliance(s), Washer
  • Total Sq Ft: 2277

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Stone, Vinyl, Wood
  • Exterior Features: Spa/Hot-tub, Lighting, Fenced
  • Foundation Materials: Poured
  • Porch Type: Porch - Covered, Patio, Porch, Patio - Covered, Covered
  • Road Frontage Type: Paved
  • Fencing: Back Yard, Fenced

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Direct Access, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.16
  • Lot Dimensions: 50x140
  • Parcel Number: 2509455019

Tax Info

  • Tax Amount Summer: 7484.0000
  • Tax Amount Winter: 2077.0000
  • Total Tax: 9561.0000
  • Taxable Value: 249590.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2024
Sold by
Spletzer Ryan and Spletzer Margaret
Bought by
Ryan S Spletzer And Margaret C Spletzer Revoc and Spletzer
Current Estimated Value
$790,079

Purchase Details

Listed on
Jul 18, 2024
Closed on
Aug 2, 2024
Sold by
Stephens Timothy and Stephens Amy
Bought by
Spletzer Ryan and Spletzer Margaret
Seller's Agent
John Farhat
Good Company
Buyer's Agent
Patti Martini
The Home Store Inc.
List Price
$799,000
Sold Price
$821,000
Premium/Discount to List
$22,000
2.75%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.70%

Purchase Details

Closed on
Nov 1, 2016
Sold by
Stephens Timothy and Stephens Amy
Bought by
Stephens Timothy and Stephens Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 18, 2014
Closed on
Mar 18, 2014
Sold by
Hillan Homes Inc
Bought by
Stephens Timothy C
Seller's Agent
Beth Reaume
Howard Hanna Birmingham
Buyer's Agent
Beth Reaume
Howard Hanna Birmingham
List Price
$440,000
Sold Price
$452,420
Premium/Discount to List
$12,420
2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
Original Mortgage
$418,000
Interest Rate
4.24%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 18, 2014
Closed on
Feb 5, 2014
Sold by
Development Today Llc and Faitel Alan
Bought by
Hillan Homes Inc and Raye Patrick
Seller's Agent
Beth Reaume
Howard Hanna Birmingham
Buyer's Agent
Beth Reaume
Howard Hanna Birmingham
List Price
$440,000
Sold Price
$452,420
Premium/Discount to List
$12,420
2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Interest Rate
4.24%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 18, 2014
Closed on
Jan 25, 2014
Sold by
Richardson James A
Bought by
Development Today Llc
Seller's Agent
Beth Reaume
Howard Hanna Birmingham
Buyer's Agent
Beth Reaume
Howard Hanna Birmingham
List Price
$440,000
Sold Price
$452,420
Premium/Discount to List
$12,420
2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Interest Rate
4.24%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 14, 2012
Sold by
Oakland County Treasurer
Bought by
Richardson James

Purchase Details

Closed on
Apr 30, 1997
Sold by
Berry Daniel C
Bought by
Richardson James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ryan S Spletzer And Margaret C Spletzer Revoc -- Michigan Land Title
Spletzer Ryan $821,000 Alliance Title
Stephens Timothy -- Ravenswood Title Company Llc
Stephens Timothy C $105,000 Seaver Title Agency Llc
Hillan Homes Inc $105,000 None Available
Development Today Llc $85,000 Premier Title Agency Llc
Richardson James $1,233 None Available
Richardson James A $132,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stephens Timothy $334,000
Previous Owner Stephens Timothy C $418,000
Previous Owner Richardson James A $106,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2024 08/02/24 Sold $821,000 +2.8% $361 / Sq Ft
07/28/2024 07/28/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $799,000 +76.6% $351 / Sq Ft
03/18/2014 03/18/14 Sold $452,420 +2.8% $197 / Sq Ft View Prior Sale
02/20/2014 02/20/14 Pending -- -- --
02/18/2014 02/18/14 For Sale $440,000 -- $191 / 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 $10,118 $354,780 $0 $0
2024 $7,702 $297,570 $0 $0
2022 $9,100 $267,170 $0 $0
2020 $7,484 $245,280 $0 $0
2018 $9,100 $224,380 $0 $0
2017 $8,745 $224,380 $0 $0
2015 -- $189,110 $0 $0
2014 -- $72,090 $0 $0
2011 -- $58,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240044083

Realcomp

APN: 25-09-455-019