NOT LISTED FOR SALE

701 Lockwood Rd Royal Oak, MI 48067

Estimated Value: $383,225 - $437,000

3 Beds
2 Baths
1,562 Sq Ft
$266/Sq Ft Est. Value

Last Sold December 05, 2014

Last sale price $200,000 $128 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,473/month

11 Days on Market

Highlights

  • Deck
  • No HOA
  • 1 Car Detached Garage
  • Northwood Elementary School Rated A-
  • Covered Patio or Porch
  • 4-minute walk to Meininger Park

About This Home

As of December 2014

Location, Curb Appeal, & Amenities! Walk to downtown, Trader Joe's, Westborn, on a beautiful tree-lined street.! Expanded bungalow offers spacious rooms, lots of light, hardwood on first floor, move-in condition. Vestibule entry to large living room, formal dining room, & updated kitchen with newer appliances. Remodeled main bath. Master bedroom will easily accommodate a king size bed; WIC, private bath with stand up shower. 2nd room upstairs makes a perfect office, nursery, or work-out room; has additional closets. Over-sized garage, nice deck w/pergola, good sized back yard backing to park. Generous rec room in basement, light bright laundry room. Just move in & enjoy all that Royal Oak has to offer!

Last Agent to Sell the Property

Barbara Smith

Real Estate One-Royal Oak License #6501259029 Listed on: 10/09/2014

Co-Listed By

John Willis

Temporary Inactive Users License #6501382275

Last Buyer's Agent

Robert Holton

Hartford Real Estate of Michigan License #6501312459

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1951

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x124.56
  • Fenced

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 1,562 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Partially Finished Basement

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

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

Community Details

  • No Home Owners Association
  • Oakmoor Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2516335006

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,185

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Assessment: Pedestrian Sidewalk Replacement
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 1562

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Construction Features: Platted Sub.
  • Exterior Features: Fenced, Lighting
  • Foundation Materials: Poured
  • Porch Type: Deck, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: W

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached, Door Opener, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Window Unit(s)
  • 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

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1818181.8182
  • Lot Size Area: 0.11
  • Lot Dimensions: 40X124.56
  • Parcel Number: 2516335006

Tax Info

  • Tax Amount Summer: 2795.0000
  • Tax Amount Winter: 390.0000
  • Total Tax: 3185.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2014
Closed on
Dec 5, 2014
Sold by
Shaheen Nicholas
Bought by
Gasparotto Phillip and Gasparotto Miriam
Seller's Agent
Barbara Smith
Real Estate One-Royal Oak
Buyer's Agent
Robert Holton
Hartford Real Estate of Michigan
List Price
$200,000
Sold Price
$200,000
Current Estimated Value
$416,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,056
Avg. Annual Appreciation
6.95%
Original Mortgage
$180,000
Outstanding Balance
$138,133
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$277,923

Purchase Details

Listed on
May 23, 2012
Closed on
Jul 13, 2012
Sold by
Newman Joshua and Newman Paula
Bought by
Shaheen Nicholas
Seller's Agent
Chris Pero
Max Broock, REALTORS®-Birmingham
Buyer's Agent
Barbara Smith
Real Estate One-Royal Oak
List Price
$199,900
Sold Price
$186,000
Premium/Discount to List
-$13,900
-6.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.07%

Purchase Details

Closed on
Oct 12, 2006
Sold by
Prudential Relocation Inc
Bought by
Newman Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2005
Sold by
Forster Chad Aaron and Forster Auburn Christen
Bought by
Prudential Relocation Inc

Purchase Details

Closed on
Sep 27, 2005
Sold by
Forster Auburn Christen and Oliver Auburn Christen
Bought by
Forster Chad Aaron and Forster Auburn Christen

Purchase Details

Closed on
May 31, 2001
Sold by
Robertson Doyle R
Bought by
Oliver Auburn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
7.11%

Purchase Details

Closed on
Apr 20, 2000
Sold by
Grant Ian S
Bought by
Roberts Doyle R

Purchase Details

Closed on
Aug 22, 1995
Sold by
Moran Margaret S
Bought by
Grant Ian S and Grant Holly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gasparotto Phillip $200,000 None Available
Shaheen Nicholas $186,000 Capital Title Ins Agency
Newman Joshua $195,000 Multiple
Prudential Relocation Inc $250,000 Metropolitan
Forster Chad Aaron -- Metropolitan Title Company
Oliver Auburn C $186,000 --
Roberts Doyle R $169,000 --
Grant Ian S $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gasparotto Phillip $180,000
Previous Owner Newman Joshua $156,000
Previous Owner Oliver Auburn C $121,000
Previous Owner Grant Ian S $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/05/2014 12/05/14 Sold $200,000 0.0% $128 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
10/09/2014 10/09/14 For Sale $200,000 +7.5% $128 / Sq Ft
07/13/2012 07/13/12 Sold $186,000 -7.0% $119 / Sq Ft View Prior Sale
06/20/2012 06/20/12 Pending -- -- --
05/23/2012 05/23/12 For Sale $199,900 -- $128 / 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 $3,534 $156,450 $0 $0
2022 $4,075 $140,010 $0 $0
2020 $3,434 $119,300 $0 $0
2018 $4,075 $107,330 $0 $0
2017 $3,917 $107,330 $0 $0
2015 -- $94,280 $0 $0
2014 -- $86,510 $0 $0
2011 -- $80,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Barbara Smith

    Real Estate One

  • J

    Seller Co-Listing Agent in 2014

    John Willis

    Temporary Inactive Users

  • Robert Holton

    Buyer's Agent in 2014

    Robert Holton

    Hartford Real Estate of Michigan

    (248) 521-1134

    20 Total Sales

    Robert Holton
    Section Image
  • Chris Pero

    Seller's Agent in 2012

    Chris Pero

    Max Broock, REALTORS®-Birmingham

    (248) 644-6700

    23 in this area

    359 Total Sales

    Chris Pero
    Section Image
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Map

Source: Realcomp

MLS Number: 214105679

Realcomp

APN: 25-16-335-006

Michigan Oakland County Royal Oak 48067

701 Lockwood Rd, Royal Oak, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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