NOT LISTED FOR SALE

720 E Lincoln Ave Royal Oak, MI 48067

Estimated Value: $295,000 - $945,000

0.61 Acres
$945,356 Price per Acre
26,572 Sq Ft Lot

Last Sold August 12, 2024

Last sale price $842,000 $487 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $3,349/month

88 Days on Market

Highlights

  • 0.61 Acre Lot
  • Corner Lot
  • 3-minute walk to Milton Hey/Hudson Park
  • Royal Oak High School Rated A-
  • Garage

About This Lot

As of August 2024

Large buildable parcel on the corner of E. Lincoln and Irving! 142 feet of frontage on newly repaved Lincoln Rd near downtown Royal Oak with many options. Zoned residential overlay, this parcel also includes the home next door at 712 E. Lincoln for a total of .61 acres. Preliminary options would be for 2 - (8) unit apartment buildings, 3 - (4) unit condos/ apartments or townhome style, 3 or 4 buildable lots or whatever other ideas the creative builder may have in mind. As already stated this purchase price includes 712 E. Lincoln which is a clean updated 1650 sq ft 2 family home that is always rented, current rents are low at ..landlord pays all utilities except cable / internet. Can also be purchased for without 712 E. Lincoln and have 2 buildable lots on Lincoln and Irving. See MLS# 20240032036 for details. This is a great piece of property that does not come up for sale often near downtown RO. If you walk the property please stay on the 720 E. Lincoln side and do not disturb the tenants at 712. Owner has a valid MIchigan salesperson license but not is not the listing agent. Agent will forward any pertinent questions to the seller for answers. Help to keep improving RO and put a solid investment to work for you !! Buyer to verify all information.

Last Agent to Sell the Property

Paul Corona

3DX Real Estate LLC Troy License #6501282335 Listed on: 05/13/2024

3DX Real Estate LLC Troy

Co-Listed By

Fred Andary

F L Andary Realty Company Inc License #6501176222

Last Buyer's Agent

Jim Shaffer

Good Company License #6502380733

Good Company

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 142.00 x 188.00 x 133.00 x 200.00
  • Corner Lot

Parking

  • Garage

Community Details

  • Lincoln Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2522327012

Property Details

Property Type

Land

Est. Annual Taxes

$9,528

Lot Details

0.61 Acres

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 173300.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: S

Utilities

  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Features: Corner Lot, Possible Basement, Residential Structure on Property
  • Lot Size Area: 0.61
  • Lot Dimensions: 142.00 x 188.00 x 133.00 x 200.00
  • Parcel Number: 2522327012
  • Zoning: Residential
  • Improvements: Curbs, Sidewalks

Tax Info

  • Tax Amount Summer: 8096.0000
  • Tax Amount Winter: 1432.0000
  • Total Tax: 9528.0000
  • Taxable Value: 172100.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Aug 12, 2024
Sold by
David Cameron Capoferi Living Trust and Dcc Properties Llc
Bought by
Robertson In-Town Building Company Llc
Seller's Agent
Paul Corona
3DX Real Estate LLC Troy
Buyer's Agent
Jim Shaffer
Good Company
List Price
$874,900
Sold Price
$842,000
Premium/Discount to List
-$32,900
-3.76%
Views
7
Current Estimated Value
$576,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$265,333
Avg. Annual Appreciation
-21.18%

Purchase Details

Closed on
Jul 6, 2021
Sold by
West Kay Rene and West Alan Dale
Bought by
Dcc Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Robertson In-Town Building Company Llc -- First American Title
Robertson In-Town Building Company Llc -- First American Title
Dcc Properties Llc $300,000 Devon Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2024 08/12/24 Sold $842,000 -3.8% $487 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $874,900 -- $506 / Sq Ft
Source: Realcomp

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 $4,179 $127,990 $112,660 $15,330
2024 $3,487 $127,990 $0 $0
2022 $9,354 $163,910 $0 $0
2020 $8,096 $141,090 $0 $0
2018 $9,354 $124,670 $0 $0
2017 $3,979 $124,670 $0 $0
2015 -- $113,780 $0 $0
2014 -- $97,490 $0 $0
2011 -- $98,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Corona

    Seller's Agent in 2024

    Paul Corona

    3DX Real Estate LLC Troy

    (586) 634-3417

    5 in this area

    50 Total Sales

    Paul Corona
    Section Image
  • Fred Andary

    Seller Co-Listing Agent in 2024

    Fred Andary

    F L Andary Realty Company Inc

    (313) 720-9505

    1 in this area

    32 Total Sales

    Fred Andary
    Section Image
  • Jim Shaffer

    Buyer's Agent in 2024

    Jim Shaffer

    Good Company

    (248) 834-3030

    480 in this area

    3,679 Total Sales

    Jim Shaffer
    Section Image
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Map

Source: Realcomp

MLS Number: 20240029784

Realcomp

APN: 25-22-327-012

Michigan Oakland County Royal Oak 48067

720 E Lincoln Ave, Royal Oak, MI

Not Listed for Sale

Lots

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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