2 months on rocket

1119 S Lafayette Ave, Royal Oak, MI, 48067

$450,000

Home List Price

$5,344*

Closing Credit

4 Bedrooms
3 Full Baths
1,350 SqFt
$333/SqFt
House

Location

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1119 S Lafayette Ave, Royal Oak$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNoGarage
Year Built1918
HeatingForced Air, Natural Gas
BasementYes
MLS #20240070638
Lot Size0.07 Acres
StatusActive

About 1119 S Lafayette Ave

Attention investors and developers, this single family home in Downtown Royal Oak can be combined with neighboring multi-family buildings 1125 S. Lafayette and 338 W. Parent and developed into a larger multi story apartment/condo project. This home is a great opportunity for an investor looking for their next house in Royal Oak to add to their portfolio.

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 1918
  • Living Area: 1,350 SqFt

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: Jim Shaffer

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: NoGarage

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Woodward Ave. & Washington Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $333/SqFt

Tax Information:

  • Annual Amount: $3,907
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Royal Oak, MI.

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Royal Oak, MI

City

Med. Sold Price

$344.9K

Med. Price/SqFt

$217

Avg. Days On Market

27

# of Sold Homes

85

1119 S Lafayette Ave vs Royal Oak

83 DAYS ON ROCKET

+56 Days

$450,000

+$105K More

$333/SqFt

+$115 More

KEY TAKEAWAY

This property is $105K more than the Median Sold Price and $115/SqFt more than other homes in Royal Oak, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240070638

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: Jim Shaffer

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,907$104,870
2018$3,965$94,640
2017$3,729$94,640

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4325076
3
/10

  • John F. Kennedy Elementary School

  • 24220 Rosewood St

  • 0.97 miles

  • Public Magnet Grades 3-5

school-card-donut-4325077
6
/10

  • Oakland Elementary School

  • 2415 Brockton Ave

  • 1.64 miles

  • Public District Grades KG-5

school-card-donut-4325078
7
/10

  • Rogers Elementary School

  • 2265 Hamilton Ave

  • 1.73 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,399. Typical income of Royal Oak, MI residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Royal Oak, MI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Royal Oak, MI?

Royal Oak's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses. The architectural styles in the area range from charming bungalows and classic colonials to contemporary new constructions. Single-family homes are the most prevalent, providing a suburban feel within a city setting. The homeownership rate in Royal Oak is robust, with a significant portion of residents owning their homes, while the remainder of the population enjoys the flexibility of renting.

Is Royal Oak, MI a good place to live?

Royal Oak prides itself on a vibrant community spirit and a lively downtown area. The city is celebrated for its array of festivals, including the annual Arts, Beats and Eats Festival, which showcases the community's commitment to culture and entertainment. The neighborhood's character is further defined by its eclectic mix of shops, restaurants, and entertainment venues, which contribute to its reputation as a desirable place to live.

Are things conveniently located in Royal Oak, MI?

The community is served by a well-rounded selection of services, including public and private schools that cater to a range of educational needs. Healthcare is accessible through local clinics and nearby hospitals that offer a variety of medical services. Royal Oak's public library system is active, providing resources and programming for residents of all ages. Retail and dining options reflect the local culture, with a blend of independent boutiques and eateries alongside well-known chains.

What does the transportation in Royal Oak, MI look like?

Transportation options in Royal Oak include a network of roads and highways that connect residents to the greater Oakland area and beyond. Public transit is available, with bus services facilitating local and regional travel. The city is also bike-friendly, with several paths and lanes designated for cyclists. While specific ride-share services are operational in the area, the city's walkable downtown core is particularly appealing to those who prefer to navigate on foot.

Frequently Asked Questions About 1119 S Lafayette Ave

What is the listing price of this property?

The listing price of 1119 S Lafayette Ave property is $450,000.

What type of property is this?

The property 1119 S Lafayette Ave is a house located in Royal Oak, Michigan, 48067.

Is this property for sale now?

Active Listing: 1119 S Lafayette Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,907 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1119 S Lafayette Ave has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1119 S Lafayette Ave is 1,350 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1119 S Lafayette Ave is 1918.

Rocket Homes›Michigan›Oakland County›Royal Oak›48067›1119 S Lafayette Ave

This home is located at 1119 S Lafayette Ave in Royal Oak, MI and zip code 48067. This 1,350 square foot home, which was built in 1918, sits on a 0.07 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $450,000.

Royal Oak, MI housing market in November 2024 saw over 33 listings sold above listed price, more than 12 sold at listed price and over 40 sold below. The number of homes for sale in Royal Oak, MI decreased by 4.3% between October 2024 and November 2024. Listings spent 27 days on the market in November 2024, and had a median list price of $344,948 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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