tomo logo

$399,995

Beds
3
Baths
1.5
sq ft
1,200

202 Rhode Island Ave, Royal Oak, MI 48067

202 Rhode Island Ave

Royal Oak, MI 48067

  • 15 days on market
WOW! This custom Craftsman Charmer is in a prime location steps to Main St, Holiday Market, LA Fitness, Detroit Zoo & a short jaunt to downtown RO. This charming residence boasts over $100,000 in modern updates, making it a true gem on a perfect tree lined street! As you enter, you'll feel at home in the inviting open kitchen & dining area w/contemporary cabinets, granite countertops, sink with touch sensor faucet and stainless steel appliances, complemented by a spacious pantry with custom cabinetry.The bright living room, adorned with stunning hardwood floors, flows into a lovely enclosed sunroom with new bamboo flooring, perfect for relaxation or entertaining. On the first floor, you’ll find two bedrooms, each with hardwood floors and abundant natural light, making them ideal for home office! You will be impressed by the beautifully renovated main bathroom, showcasing a separate tub and shower, custom tile, a designer backlit mirror, modern fixtures, and thoughtfully designed cubbies.Ascend to the upper level, where the primary suite has been completely transformed, featuring a private lavatory with a lighted mirror, perfect for your makeup needs, along with new flooring and fresh paint.The finished lower level is versatile, featuring a kitchenette, laundry area, and three distinct living spaces that can be utilized as a home office, playroom, or media room, tailored to your lifestyle.Set on a beautifully landscaped fenced lot, this property includes a large insulated two-car garage, a newer Timber Tech deck, a charming pergola, and a newer concrete patio perfect for an outdoor kitchen (kitchen shown is negotiable but not included in the sale). The yard features raised garden beds, a fenced storage area, and an included shed for added convenience.Additional highlights include Nest Thermostat, reprogrammable door keypad, brand-new gutters and downspouts w/lifetime transferable warranty, an underground sprinkler system, & a newer concrete driveway with an underground drainage system. Hurry Don't miss it!

Details

Property type

Single Family Residence

Est. home value

$384,730

Lot size

6,534 sq ft

Price per sq ft

$334

Year built

1922

Annual property taxes

$5,475

Price History

11/06/2024
Realcomp

Realcomp #20240083933

Listed
$399,995
+48.15%
05/09/2016
Realcomp

Realcomp #216013773

Sold
$270,000

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

$354,120
Asking price
$399,995
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$13,875
Cash to seller
$354,120

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

Seller’s Loan History

Lender

Department Of Housing & Urban Dev

Loan start date

December 2020

Original loan amount

$15,557

Est. remaining balance

$13,875

Interest rate

2.81%

Loan type

FHA, 26 year

Seller

Tiffany Yu

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?

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Status: Active

Tomo last checked: 11/21/2024 at 10:55 PM

Listing updated: 11/17/2024 at 4:15 PM

Listed by: Jocelyn P Santiago, Dwellings Unlimited LLC Phone #: (248) 994-0400

MLS: Realcomp #20240083933

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