2 months on rocket

361 Detroit Ave, Royal Oak, MI, 48073

$325,000

Home List Price

$3,859*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,300 SqFt
$250/SqFt
House

Location

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361 Detroit Ave, Royal Oak$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1925
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
MLS #50157623
Lot Size0.17 Acres
StatusActive

About 361 Detroit Ave

Owner retiring Royal Oak Rental This charming home is in the 12/13 mile, Rochester road area. Spacious 2 bedroom with a bath and a half, finished basement and a oversized 2 car garage. The home is being sold in a "as is" condition. This home will appeal to all sides of the market, wholesalers, flippers, landlords and yes its perfect for a first time home buyer that is looking for a little sweat equity. Cash is king, but all offers will be considered.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2
  • Living Area: 1,300 SqFt

Listing Office:

  • Office Name: Nelson Property Management
  • Office Phone: (586) 294-6800
  • Listing Agent: Daniel A. Nelson

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

School Info

School District Information:

  • School District: Royal Oak Neighborhood Schools

Other

Directions Information:

  • Directions: North of 12 mile and east of Rochester rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000
  • Price Per SqFt: $250/SqFt

Tax Information:

  • Annual Amount: $5,533
  • 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

361 Detroit Ave vs Royal Oak

70 DAYS ON ROCKET

+43 Days

$325,000

-$19.9K Less

$250/SqFt

+$32 More

KEY TAKEAWAY

This property is $19.9K less than the Median Sold Price and $32/SqFt more than other homes in Royal Oak, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MiRealSource
  • MLS Number: #50157623

Listing Office:

  • Office Name: Nelson Property Management
  • Office Phone: (586) 294-6800
  • Listing Agent: Daniel A. Nelson

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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, 2:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 29, 2015Home Sold
$194,846
Apr 27, 2005Home Sold
$205,500
Aug 17, 1999Home Sold
$177,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,533$117,190
2018$5,615$99,630
2017$5,281$99,630

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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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-4343995
6
/10

  • Oak Ridge Elementary School

  • 506 E 13 Mile Rd

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-4343996
9
/10

  • Lessenger Elementary School

  • 30150 Campbell Rd

  • 0.80 miles

  • Public District Grades KG-5

school-card-donut-4343997
7
/10

  • Northwood Elementary School

  • 926 W 12 Mile Rd

  • 0.89 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 $61,953. 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.

Frequently Asked Questions About 361 Detroit Ave

What is the listing price of this property?

The listing price of 361 Detroit Ave property is $325,000.

What type of property is this?

The property 361 Detroit Ave is a house located in Royal Oak, Michigan, 48073.

Is this property for sale now?

Active Listing: 361 Detroit 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 $5,533 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 29, 2015 for $194,846. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 361 Detroit Ave has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 361 Detroit Ave is 1,300 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 361 Detroit Ave is 1925.

Rocket Homes›Michigan›Oakland County›Royal Oak›48073›361 Detroit Ave

This home is located at 361 Detroit Ave in Royal Oak, MI and zip code 48073. This 1,300 square foot home, which was built in 1925, sits on a 0.17 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $325,000.

Over 33 listings were sold over their listed price in November 2024 in Royal Oak, MI. In the same period over 40 listings were sold below the listed price and 12 listings were sold for the listed price. The number of listings in Royal Oak, MI decreased by 4.3% between October 2024 and November 2024. While the average time on the market in November 2024 was 27 days, the median list price was $344,948.

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

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