NOT LISTED FOR SALE

720 E Lincoln Ave Royal Oak, MI 48067

Royal Oak Area

Estimated Value: $533,667

0.61 Acre
$874,864 Price per Acre
26,572 Sq Ft Lot

Sale Details

Date Sold: August 12, 2024

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

Est. 37% decrease in value since last sale

Current estimated payment $3,281 / mo

88 Days on Market

Highlights

  • 0.61 Acre Lot
  • Corner Lot
  • 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.

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 26,572 Sq Ft 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Aug 12, 2024
Sold by
Bought by
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
$533,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$308,333
Avg. Annual Appreciation
-20.66%

Purchase Details

Closed on
Jul 6, 2021
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Royal Oak, MI

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title
$300,000 Devon Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $833,700
Closed $858,997
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240029784

Realcomp

APN: 25-22-327-012

Your Personal Tour Guide

Ask me questions while you tour the home.