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$250,000

Beds
3
Baths
1.0
sq ft
914

2022 E Lincoln Ave, Royal Oak, MI 48067

2022 E Lincoln Ave

Royal Oak, MI 48067

  • 1 day on market
***OPEN HOUSE TODAY, Saturday, 2/22 Noon-2pm*** Charming Royal Oak Bungalow – Perfect for First-Time Buyers! Step into homeownership with this beautifully updated 3-bedroom, 1-bathroom bungalow in the heart of Royal Oak! Featuring gleaming hardwood and vinyl floors, this low-maintenance home offers a perfect blend of classic charm and modern convenience. The stylish walk-in shower adds a spa-like touch, making daily routines a breeze. Love city life? Downtown Royal Oak is just a short walk away, offering amazing restaurants, shopping, and entertainment. Need a quick snack or essentials? Fresh Approach just down the street! Offering local sourced items, prepared foods and organic products Plus, with Maddock Park just down the street, you’ll have the perfect spot to relax or enjoy the outdoors. This is the ideal home for those looking to start their homeownership journey in a thriving, walkable community. Don't miss out—schedule your showing today! ???

Details

Property type

Single Family Residence

Est. home value

$260,282

Lot size

3,920 sq ft

Price per sq ft

$274

Year built

1950

Annual property taxes

$4,139.66

Price History

02/21/2025
MiRealSource

MiRealSource #50167058

Listed
$250,000
+25%
08/03/2020
Realcomp

Realcomp #2200043690

Sold
$200,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak Neighborhood Schools

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

$52,706
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$177,294
Cash to seller
$52,706

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

Seller’s Loan History

Lender

Summit Funding Inc

Loan start date

August 2020

Original loan amount

$196,377

Est. remaining balance

$177,294

Interest rate

3.13%

Loan type

FHA, 30 year

Seller

Shelby Beauregard

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: 02/23/2025 at 5:00 AM

Listing updated: 02/22/2025 at 12:02 PM

Listed by: Christopher Griffin, Keller Williams Realty Lakeside Phone #: (586) 532-0500

MLS: MiRealSource #50167058

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