2 months on rocket

523 E 3rd St, Royal Oak, MI, 48067

$500,000

Home List Price

$5,938*

Closing Credit

4 Bedrooms
2 Full Baths
1,883 SqFt
$266/SqFt
House

Location

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523 E 3rd St, Royal Oak$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1920
HeatingForced Air, Natural Gas
BasementYes
MLS #20240070577
Lot Size0.15 Acres
StatusActive

About 523 E 3rd St

Amazing house walking distance to downtown Royal Oak. This 4 bed 2 bath bungalow is currently used as an investment property. This is a great opportunity for an owner occupant looking for their next house in Royal Oak or for an investor looking to add to their portfolio.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1920
  • Living Area: 1,883 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
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: 11 Mile Rd. & 4th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000
  • Price Per SqFt: $266/SqFt

Tax Information:

  • Annual Amount: $5,344
  • 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

523 E 3rd St vs Royal Oak

85 DAYS ON ROCKET

+58 Days

$500,000

+$155K More

$266/SqFt

+$48 More

KEY TAKEAWAY

This property is $155K more than the Median Sold Price and $48/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: #20240070577

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$5,344$145,920
2018$5,423$133,860
2017$5,100$133,860

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-4327095
6
/10

  • Keller Elementary School

  • 1505 N Campbell Rd

  • 1.18 miles

  • Public District Grades KG-5

school-card-donut-4327096
6
/10

  • Oakland Elementary School

  • 2415 Brockton Ave

  • 1.27 miles

  • Public District Grades KG-5

school-card-donut-4327097
7
/10

  • Northwood Elementary School

  • 926 W 12 Mile Rd

  • 1.39 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 $44,190. The most common annual income of people living in Royal Oak, MI is less than $35k. The most common type of family is single, no kids. Most 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.

Types of housing 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.

What is it like to live in Royal Oak, MI?

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.

Is it easy to get around Royal Oak, MI without a car?

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.

Transportation in Royal Oak, MI.

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 523 E 3rd St

What is the listing price of this property?

The listing price of 523 E 3rd St property is $500,000.

What type of property is this?

The property 523 E 3rd St is a house located in Royal Oak, Michigan, 48067.

Is this property for sale now?

Active Listing: 523 E 3rd St 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 $5,344 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 523 E 3rd St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 523 E 3rd St is 1,883 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 523 E 3rd St is 1920.

Rocket Homes›Michigan›Oakland County›Royal Oak›48067›523 E 3rd St

This home is located at 523 E 3rd St in Royal Oak, MI and zip code 48067. This 1,883 square foot home, which was built in 1920, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 23, 2024 and is currently priced at $500,000.

While more than 33 listings in Royal Oak, MI in November 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 40 were sold below. Between October 2024 and November 2024, Royal Oak, MI real estate market has seen decrease in the number of listings by 4.3%. In November 2024 median list price was $344,948 and the average listing age was 27 days.

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

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