9 days 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 TypeResidential
Year Built1918
HeatingNatural Gas, Forced Air
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
  • Stories: 2
  • 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

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Royal Oak Middle School, Public District Grades 6-8
  • Northwood Elementary School, Public District Grades KG-5

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

$276

Avg. Days On Market

24

# of Sold Homes

82

1119 S Lafayette Ave vs Royal Oak

9 DAYS ON ROCKET

-15 Days

$450,000

+$105.1K More

$333/SqFt

+$57 More

KEY TAKEAWAY

This property is $105.1K more than the Median Sold Price and $57/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: 10/5/2024, 11:20:52 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.

Elementary School

school-card-donut-304557
7
/10

  • Northwood Elementary School

  • 926 W 12 Mile Rd

  • 1.73 miles

  • Public District Grades KG-5

Middle School

school-card-donut-304558
5
/10

  • Royal Oak Middle School

  • 709 N Washington Ave

  • 1.01 miles

  • Public District Grades 6-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,399. The majority of Royal Oak, MI residents have income between $35k-100k annually. Residents typically live in single, no kids family. 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 are the assigned schools for this property?

The assigned schools for 1119 S Lafayette Ave are:
Northwood Elementary School: GreatSchools Rating 7/10
Royal Oak Middle School: GreatSchools Rating 5/10

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.

In September 2024, from all listings sold in Royal Oak, MI there were more than 37 sold above asking price, over 30 sold below and more than 15 were sold right at the asked price. The number of listings in Royal Oak, MI increased by 12.8% between August 2024 and September 2024. The median list price of listings available in September 2024 was $344,900, while the average time on the real estate market was 24 days.

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

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