NOT LISTED FOR SALE

703 Cherry Ave Royal Oak, MI 48073

Estimated Value: $305,335 - $335,000

3 Beds
2 Baths
998 Sq Ft
$323/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $265,000 $266 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,999/month

3 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • 2 Car Detached Garage
  • Northwood Elementary School Rated A-
  • Stainless Steel Appliances
  • 1-minute walk to Hamer Finch Wilkins Park

About This Home

As of June 2022

HIGHEST AND BEST DUE BY 10 AM ON 5-24-22. CHARMING THREE BEDROOM CAPE COD ON GREAT ROYAL OAK STREET. LARGE LIVING ROOM WITH NATURAL FIREPLACE AND COVED CEILINGS, SPACIOUS PRIMARY BEDROOM UPSTAIRS WITH HUGE WALK IN CLOSET AND ADJOINING OFFICE/SITTING ROOM, BOTH WITH NEW CARPET. HARDWOOD FLOORS ON THE FIRST FLOOR. UPDATED KITCHEN WITH WHITE CABINETS, STAINLESS STEEL APPLIANCES AND GRANITE COUNTERTOPS. CERAMIC TILE BATHROOM. OVERSIZED TWO CAR GARAGE WITH EXTRA WIDE DRIVEWAY, DECK AND EXTRA DEEP 200 FOOT LOT. PARTIALLY FINISHED BASEMENT WITH SECOND FULL BATH. NEWER ROOF, FURNACE AND AIR. VERY CLEAN. SELLER WOULD PREFER 45 OF OCCUPANCY AFTER CLOSING.

Last Agent to Sell the Property

Robert Coburn

RE/MAX First License #6501265468 Listed on: 05/20/2022

RE/MAX First

Last Buyer's Agent

James Altene

Keller Williams Premier License #6506046918

Keller Williams Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1942

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50.00x200.00

Home Design

  • Cape Cod Architecture
  • Block Foundation

Interior Spaces

  • 998 Sq Ft Home
  • 1.5-Story Property
  • Living Room with Fireplace
  • Unfinished Basement

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Utilities

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

Additional Features

  • Exterior Lighting
  • Ground Level

Community Details

  • No Home Owners Association
  • Forest Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2509456007

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,892

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Cape Cod
  • Architecture Level: 1 1/2 Story
  • Year Built: 1942
  • State Equalized Value: 105710.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Stainless Steel Appliance(s), Washer
  • Total Sq Ft: 998

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Electricity, Door Opener, Detached
  • Garage: Yes

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)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.23
  • Lot Dimensions: 50.00X200.00
  • Parcel Number: 2509456007

Tax Info

  • Tax Amount Summer: 2355.0000
  • Tax Amount Winter: 537.0000
  • Total Tax: 2892.0000
  • Taxable Value: 67650.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jun 23, 2022
Sold by
Lotoczky Jonathan
Bought by
Brandewie Andrew William and Brandewie Danielle
Seller's Agent
Robert Coburn
RE/MAX First
Buyer's Agent
James Altene
Keller Williams Premier
List Price
$239,900
Sold Price
$265,000
Premium/Discount to List
$25,100
10.46%
Current Estimated Value
$322,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,334
Avg. Annual Appreciation
6.04%
Original Mortgage
$238,500
Outstanding Balance
$226,894
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$95,440

Purchase Details

Closed on
May 5, 2009
Sold by
Larsuel Michael B
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Nov 13, 2002
Sold by
Volker Ryan
Bought by
Larsuel Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.08%

Purchase Details

Closed on
Jun 30, 2000
Sold by
Tice Terry L
Bought by
Volker Ryan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,100
Interest Rate
8.31%

Purchase Details

Closed on
May 25, 1999
Sold by
Dixon Susan
Bought by
Tice Terry

Purchase Details

Closed on
Jan 23, 1998
Sold by
Hart Rodney A
Bought by
Dixon Susan Mosier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.08%
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
Brandewie Andrew William $265,000 Devon Title Agency
Brandewie Andrew William $265,000 Devon Title Agency
Federal Home Loan Mortgage Corp $153,415 None Available
Larsuel Michael B $175,000 --
Volker Ryan B $158,000 --
Tice Terry $152,500 --
Dixon Susan Mosier $139,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brandewie Andrew William $238,500
Previous Owner Larsuel Michael B $140,000
Previous Owner Volker Ryan B $150,100
Previous Owner Dixon Susan Mosier $133,000
Closed Tice Terry --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $265,000 +10.5% $266 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $239,900 -- $240 / 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 $3,738 $128,860 $0 $0
2022 $2,675 $112,160 $0 $0
2020 $3,632 $103,690 $0 $0
2018 $2,675 $89,350 $0 $0
2017 $2,816 $89,350 $0 $0
2015 -- $74,880 $0 $0
2014 -- $73,110 $0 $0
2011 -- $62,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Coburn

    Seller's Agent in 2022

    Robert Coburn

    RE/MAX of Southeast Michigan

    (586) 662-4444

    38 in this area

    238 Total Sales

    Robert Coburn
    Section Image
  • James Altene

    Buyer's Agent in 2022

    James Altene

    Keller Williams Premier

    (248) 260-6212

    2 in this area

    204 Total Sales

    James Altene
    Section Image
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Map

Source: Realcomp

MLS Number: 2220038834

Realcomp

APN: 25-09-456-007

Michigan Oakland County Royal Oak 48073

703 Cherry Ave, Royal Oak, MI

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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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