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$225,000

Beds
3
Baths
1.0
sq ft
906

130 S Campbell Rd, Royal Oak, MI 48067

130 S Campbell Rd

Royal Oak, MI 48067

  • 2 days on market
Prime Location & Turn-Key Investment Opportunity! This charming 3-bedroom home in Royal Oak is a proven income-generating property with a 100% occupancy rate for open dates on Airbnb in 2024 and a strong track record of bookings, primarily 1-3 month stays. This home offers both style and functionality, featuring a beautifully updated kitchen with newer cabinetry, sleek countertops, a contemporary backsplash, and stainless steel appliances. The modern bathroom boasts updated fixtures and stylish tile work, while spacious bedrooms provide comfort and versatility. A finished crawl space with a transferable warranty adds peace of mind and extra storage. Outside, the large fenced backyard is perfect for entertaining or relaxing, complete with a brick paver patio and storage shed. With easy access to I-75 and I-696, this turn-key, fully furnished property is ideal for short-term rentals, corporate housing, or long-term leasing. Investors also have the rare opportunity to purchase the adjacent property at 126 S Campbell, expanding their portfolio with two income-generating homes side by side. Whether you’re looking for a primary residence, a high-performing Airbnb, or a long-term rental investment, this prime Royal Oak property is one you won’t want to miss!

Details

Property type

Single Family Residence

Est. home value

$214,450

Lot size

5,227 sq ft

Price per sq ft

$249

Year built

1953

Annual property taxes

$2,526

Price History

02/02/2025
Realcomp

Realcomp #20250007207

Listed
$225,000
02/14/2024
Realcomp

Realcomp #20240003559

Removed
$225,000
01/18/2024
Realcomp

Realcomp #20240003559

Listed
$225,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$132,266
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$74,734
Cash to seller
$132,266

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

September 2020

Original loan amount

$82,800

Est. remaining balance

$74,734

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Nicholas Miller and Lisa Miller

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/05/2025 at 12:45 PM

Listing updated: 02/04/2025 at 5:49 PM

Listed by: Christopher L Ayers, @properties Christie's Int'l R.E. Birmingham Phone #: (248) 850-8632

MLS: Realcomp #20250007207

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