1 month on rocket

1125 S Lafayette Ave, Royal Oak, MI, 48067

$450,000

Home List Price

$5,344*

Closing Credit

2 Full Baths
1,342 SqFt
$335/SqFt
Multi

Location

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1125 S Lafayette Ave, Royal Oak$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1911
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240070659
Lot Size0.13 Acres
StatusActive

About 1125 S Lafayette Ave

Attention investors and developers, this multi-family home in Downtown Royal Oak can be combined with neighboring single family and multi-family buildings 1119 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: Other
  • Year Built: 1911
  • Stories: 1
  • Living Area: 1,342 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: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Woodward Ave. & Washington Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $335/SqFt

Tax Information:

  • Annual Amount: $4,125
  • 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

$345K

Med. Price/SqFt

$277

Avg. Days On Market

18

# of Sold Homes

77

1125 S Lafayette Ave vs Royal Oak

53 DAYS ON ROCKET

+35 Days

$450,000

+$105K More

$335/SqFt

+$58 More

KEY TAKEAWAY

This property is $105K more than the Median Sold Price and $58/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: #20240070659

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: 11/17/2024, 10:20:52 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$4,125$108,400
2018$4,187$99,160
2017$3,938$99,160

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-387308
3
/10

  • John F. Kennedy Elementary School

  • 24220 Rosewood St

  • 0.96 miles

  • Public Magnet Grades 3-5

school-card-donut-387309
6
/10

  • Oakland Elementary School

  • 2415 Brockton Ave

  • 1.64 miles

  • Public District Grades KG-5

school-card-donut-387310
7
/10

  • Rogers Elementary School

  • 2265 Hamilton Ave

  • 1.74 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. Most Royal Oak, MI residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically 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.

Rocket Homes›Michigan›Oakland County›Royal Oak›48067›1125 S Lafayette Ave

This home is located at 1125 S Lafayette Ave in Royal Oak, MI and zip code 48067. This 1,342 square foot home, which was built in 1911, sits on a 0.13 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $450,000.

While more than 25 listings in Royal Oak, MI in October 2024 were sold above asking price, there were more than 13 listings sold at asking price, and more than 39 were sold below. The number of listings in Royal Oak, MI increased by 11.3% between September 2024 and October 2024. The median list price of listings available in October 2024 was $345,000, while the average time on the real estate market was 18 days.

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

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