$305,000
SOLD JAN 24, 2025

702 N Gainsborough Ave Royal Oak, MI 48067

3 Beds
2 Baths
1,841 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$166 Per Sq Ft

8% Below List Price

94 Days on Market

Highlights

  • Recreation Room
  • 2 Car Detached Garage
  • Laundry Room
  • Royal Oak High School Rated 9+
  • Living Room
  • 4-minute walk to Whittier Park

About This Home

As of January 2025

MAJOR PRICE ADJUSTMENT BY OWNER
TO SELL. BETTER AND WELL-KEPT NEIGHBORHOOD AREA IN THE AREA. SHARP LOOKING BUNGALOW SURROUNDED BY WELL MAINTAINED NEIGHBORHOOD AND CLOSE TO DOWNTOWN ROYAL OAK VERY NICE 3 BEDROOMS WITH 2 FULL BATHROOMS PLUS A SUNROOM. BASEMENT IS FINISHED WITH A PRIVATE STORAGE WHICH CAN BE CONVERTED TO A WINE CELLER OR HANDYMAND WORKSHOP. NEW AC, WATER HEATER & UPGRADE FURANCE. 2 CARS DETACHED GARAGE WITH A BARN AND A NICE SIZE WOODEN DECK THAT HAS A GAS GRILL SETUP. COMPLETELY REPLACED CONCRETE DRIVEWAY. THE BACKYARD IS FULLY FENCED FOR YOU PETS AND BEAUTIFUL MAPLE TREE PROVIDING COOL SHADE. 1 YR AMERICAN HOME SHIELD PROVIDED. DRIVE BY TO CHECKOUT YOUR NEW HOME IN THIS RO COMMUNITY AND NEIGHBOR.

Last Agent to Sell the Property

Ricky Lee

HOA Professional Group, LLC Brokerage Email: hoapgroup@gmail.com License #6502398833 Listed on: 01/29/2025

Last Buyer's Agent

Alejandra Walters

Coldwell Banker Professionals License #6501386877

Coldwell Banker Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,545

Year Built

  • Built in 1943

Lot Details

  • 5,663 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Living Room
  • Recreation Room

Kitchen

  • Oven
  • Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Location

  • Mineral Rights Excluded

Utilities

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

Community Details

  • Towar Park Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,545

Year Built

Built in 1943

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1943
  • ResoPropertyType: Residential
  • Attribution Contact: hoapgroup@gmail.com
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 126 BY 46
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1841.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 4545.0
  • Tax Info:Zoning3: RESIDENTIAL
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • General Property Info:Fireplace: No
  • Location Property Info:Subdivision2: TOWAR PARK
  • Roofing:Shingle: Yes
  • Water Heater:Natural Gas4: Yes
  • Mineral Rights:No: Yes
  • Roofing:Asphalt2: Yes
  • General Property Info:SqFt Above Grade: 1196.0
  • Additional Items:Basement Finished: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Upper Level: Yes
  • General Property Info Garage YN: Yes
  • Fencing:Fenced Back: Yes
  • Architectural Style Bungalow: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dryer, Oven, Range, Refrigerator, Washer
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1841.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Full Baths: 1
  • Basement Rooms:Basement Finished SQFT: 645.0
  • Basement Rooms:Total Basement SQFT: 480.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Below Grade Sq Ft: 645.0

Exterior Features

  • Construction Materials: Aluminum Siding, Block, Brick
  • Fencing: Fenced Back
  • List Price: 309999.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Roof: Asphalt, Shingle
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement, Laundry Room, Upper Level
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Storm Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 126 BY 46
  • Lot Size Sq Ft: 5663.0
  • Zoning Description: RESIDENTIAL
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4545.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2025
Closed on
Jan 24, 2025
Sold by
Silva Michael James and Silva Lauren Paige
Bought by
Ruizvelasco Gustavo Salvador and Ruizvelasco Indira
Seller's Agent
Ricky Lee
HOA Professional Group, LLC
Buyer's Agent
Alejandra Walters
Coldwell Banker Professionals
List Price
$329,800
Sold Price
$305,000
Premium/Discount to List
-$24,800
-7.52%
Views
90
Current Estimated Value
$308,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,527
Avg. Annual Appreciation
1.93%
Original Mortgage
$228,750
Outstanding Balance
$227,575
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$80,952

Purchase Details

Listed on
Aug 3, 2021
Closed on
Sep 1, 2021
Sold by
Cheng Tiffany and Lam Tiffany
Bought by
Silva Michael James and Silva Lauren Paige
Seller's Agent
Christopher Adams
Expert Realty Solutions Inc
Buyer's Agent
Manuel Cheng
HOA Professional Group LLC
List Price
$219,900
Sold Price
$220,000
Premium/Discount to List
$100
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%
Original Mortgage
$209,000
Interest Rate
2.7%
Mortgage Type
Unknown

Purchase Details

Listed on
Mar 26, 2015
Closed on
May 13, 2015
Sold by
Wagner Dane A
Bought by
Lam Tiffany
Seller's Agent
Fred Parr
Real Living Kee Realty-Rochester
Buyer's Agent
Michael Thomas
Real Estate One Westrick
List Price
$169,900
Sold Price
$161,600
Premium/Discount to List
-$8,300
-4.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%
Original Mortgage
$129,280
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2011
Sold by
Puckett G and Puckett Becky A
Bought by
Wagner Dane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,113
Interest Rate
3.87%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $305,000 Ata National Title
Warranty Deed $305,000 Ata National Title
Warranty Deed $220,000 First American Title
Warranty Deed $220,000 First American Title
Warranty Deed $161,600 Premier Title Agency Llc
Warranty Deed $109,900 Attorneys Title Agency Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $228,750 New Conventional
Closed $228,750 New Conventional
Previous Owner $209,000 Unknown
Previous Owner $129,280 New Conventional
Previous Owner $107,113 FHA
Previous Owner $12,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $305,000 -1.6% $166 / Sq Ft
10/27/2024 10/27/24 Price Changed $309,999 -6.0% $168 / Sq Ft
09/29/2024 09/29/24 For Sale $329,800 +49.9% $179 / Sq Ft
09/01/2021 09/01/21 Sold $220,000 0.0% $246 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $219,900 0.0% $245 / Sq Ft
08/01/2019 08/01/19 Rented $1,800 -4.8% --
07/16/2019 07/16/19 Under Contract -- -- --
05/22/2019 05/22/19 For Rent $1,890 +6.2% --
05/31/2017 05/31/17 Rented $1,780 0.0% --
05/25/2017 05/25/17 Under Contract -- -- --
04/21/2017 04/21/17 For Rent $1,780 0.0% --
05/13/2015 05/13/15 Sold $161,600 -4.9% $152 / Sq Ft
04/02/2015 04/02/15 Pending -- -- --
03/26/2015 03/26/15 For Sale $169,900 -- $160 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $3,622 $125,790 $0 $0
2022 $4,280 $111,790 $0 $0
2020 $3,519 $101,040 $0 $0
2018 $4,280 $89,220 $0 $0
2017 $3,394 $89,220 $0 $0
2015 -- $78,350 $0 $0
2014 -- $72,530 $0 $0
2011 -- $62,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24051245

Southwestern Michigan Association of REALTORS®

APN: 25-15-411-007