NOT LISTED FOR SALE

617 S Connecticut Ave Royal Oak, MI 48067

Estimated Value: $521,000 - $687,391

4 Beds
3 Baths
2,968 Sq Ft
$203/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $450,000 $152 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,963/month

12 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Royal Oak High School Rated 9+
  • 2 Car Garage
  • 3-minute walk to VFW Park

About This Home

As of October 2022

This turnkey two family historic home is truly an investor’s dream property. Exterior features unique masonry and limestone turret. First floor LR and DR have gleaming peg and plank floors and 8.5 foot ceilings. Original Fenestra casement windows with added thermo pane are on both floors. First floor kitchen was updated in 1985 with lots of cupboards and large pantry. Three stone fireplaces (first, second and basement) showcase beautiful craftsmanship. Second floor plan is very similar to the first floor. Additional 500 square feet of finished space in the basement. Roof 2002, furnace and AC (both units). Painted interior and exterior in 2020. Also the Third floor has a 176 sq. ft. finished room with a walk-in attic. Tenants occupy both units

Last Agent to Sell the Property

Gordon McCann

McCann Realty License #6502358201 Listed on: 09/13/2022

Co-Listed By

Sharon McCann

McCann Realty License #6501147910

Last Buyer's Agent

Paul Mruk

RE/MAX Classic License #6501241822

RE/MAX Classic

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 56.00 x 129.00
  • Fenced
  • Historic Home

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 3 Full Bathrooms
  • 2,968 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Basement Window Egress

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2522283004

Community Details

Overview

  • 2 Units
  • Resub Of White Acres Park Sub Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,882

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Historic
  • Architecture Level: 3 Story
  • Assessment: 291.00
  • Year Built: 1929
  • State Equalized Value: 291120.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: 220 Volts, Cable Available, Circuit Breakers, Laundry Facility, Egress Window(s), Fuses
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Finished
  • Sq Ft Combined: 3428
  • Sq Ft Lower Floor: 460
  • Total Sq Ft: 2968
  • Sq Ft Total Bsmt: 1438

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick, Brick Veneer (Brick Siding), Cedar
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 56
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 12600.00

Schools

  • School District: Royal Oak

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 56.00 x 129.00
  • Parcel Number: 2522283004
  • Zoning: Residential

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Monthly Rental Income: 3300

Tax Info

  • Tax Amount Summer: 6817.0000
  • Tax Amount Winter: 1065.0000
  • Total Tax: 7882.0000
  • Taxable Value: 138530.0000

Multi Family

  • Gross Scheduled Income: 39600.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Oct 24, 2022
Sold by
Alice M Sweeso Trust
Bought by
Stephens Paul
Seller's Agent
Gordon McCann
McCann Realty
Buyer's Agent
Paul Mruk
RE/MAX Classic
List Price
$485,000
Sold Price
$450,000
Premium/Discount to List
-$35,000
-7.22%
Views
25
Current Estimated Value
$603,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,598
Avg. Annual Appreciation
10.95%
Original Mortgage
$360,000
Outstanding Balance
$348,886
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$258,147
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
Stephens Paul $450,000 Ata National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephens Paul $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $450,000 -7.2% $152 / Sq Ft
09/25/2022 09/25/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $485,000 0.0% $163 / Sq Ft
03/09/2021 03/09/21 Rented $1,600 0.0% --
03/05/2021 03/05/21 Under Contract -- -- --
02/17/2021 02/17/21 For Rent $1,600 -- --
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 $8,959 $258,600 $0 $0
2022 $8,027 $291,120 $0 $0
2020 $13,390 $260,190 $0 $0
2018 $8,027 $202,070 $0 $0
2017 $6,061 $202,070 $0 $0
2015 -- $177,960 $0 $0
2014 -- $154,430 $0 $0
2011 -- $133,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gordon McCann

    McCann Realty

    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Sharon McCann

    McCann Realty

    Section Image
  • Paul Mruk

    Buyer's Agent in 2022

    Paul Mruk

    RE/MAX of Southeast Michigan

    (248) 760-5008

    13 in this area

    283 Total Sales

    Paul Mruk
    Section Image

  • H

    Seller's Agent in 2021

    Howard Genser

    NHL Real Estate

    (248) 626-2100

    28 Total Sales

    Howard Genser
    Section Image
  • Haig Istamboulian

    Buyer's Agent in 2021

    Haig Istamboulian

    Arterra Realty Michigan LLC

    (248) 379-6547

    2 in this area

    243 Total Sales

    Haig Istamboulian
    Section Image
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Map

Source: Realcomp

MLS Number: 20221040700

Realcomp

APN: 25-22-283-004

Michigan Oakland County Royal Oak 48067

617 S Connecticut Ave, Royal Oak, MI

This home is located at 617 S Connecticut Ave, Royal Oak, MI 48067 since 13 September 2022 and is currently estimated at $603,598, approximately $203 per square foot. This property was built in 1929. 617 S Connecticut Ave is a home located in Oakland County with nearby schools including Oakland Elementary School, Royal Oak Middle School, and Royal Oak High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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