tomo logo

$400,000

Beds
2
Baths
2.0
sq ft
1,300

3420 Fairmont Rd, Royal Oak, MI 48073

3420 Fairmont Rd

Royal Oak, MI 48073

  • 57 days on market
Rare opportunity in North Royal Oak! Rebuild or renovate current home in this booming multi-family, residential zoned district! Over 9500 square foot lot (almost quarter acre), lot allows for a single or multi-family home. Close proximity to Beaumont Hospital, new developments & Woodward corridor. Surrounded by apartments and other multi-family buildings, and steps away from single family residential. Huge piece of property to work with with a nicely sized 2 car garage. Great location near parks, shopping and dining. Don’t miss out on this sought after area, schedule your tour with your agent before it's gone!

Details

Property type

Single Family Residence

Est. home value

$329,681

Lot size

9,583 sq ft

Price per sq ft

$308

Year built

1927

Annual property taxes

$7,564

Price History

07/17/2024
Realcomp

Realcomp #20240051608

Listed
$400,000
+116.22%
12/21/2020
Realcomp

Realcomp #2200066933

Sold
$185,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

Seller’s Loan History

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

Lender

Metro Finance

Loan start date

March 2009

Original loan amount

$107,475

Est. remaining balance

$71,729

Interest rate

5.12%

Loan type

FHA, 30 year

Seller

Linda C Knight and Henry L Knight

Lender

Metro Finance

Loan start date

March 2008

Original loan amount

$106,629

Est. remaining balance

$70,005

Interest rate

5.67%

Loan type

FHA, 30 year

Seller

Linda C Knight and Henry L Knight

Lender

Metro Finance

Loan start date

April 2005

Original loan amount

$108,200

Est. remaining balance

$59,747

Interest rate

5.69%

Loan type

FHA, 30 year

Seller

Henry L Knight and Linda C Knight

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?

Similar Homes Nearby

Price drop
Realcomp
$374,900
2 bd
|
2.5 ba
|
1,634 sq ft
|
House

4423 Amherst Rd, Royal Oak, MI 48073

Price drop
Realcomp
$415,000
2 bd
|
2.5 ba
|
1,620 sq ft
|
Condo

4223 W 14 Mile Rd, Royal Oak, MI 48073

Price drop
Realcomp
$405,000
2 bd
|
1 ba
|
709 sq ft
|
House

1247 Emmons Ave, Birmingham, MI 48009

Status: Active

Tomo last checked: 09/13/2024 at 12:55 AM

Listing updated: 07/31/2024 at 11:36 AM

Listed by: James T Silver, Keller Williams Somerset Phone #: (248) 649-7200

MLS: Realcomp #20240051608

Realcomp logo

Recently listed in Royal Oak

$179,900|2 bd|1.0 ba|Condo
$236,000|3 bd|2.5 ba|Condo
$319,900|3 bd|1.5 ba|House
$285,000|3 bd|1.0 ba|House
$299,900|2 bd|1.0 ba|House
$1,174,900|4 bd|4.5 ba|House
$824,900|3 bd|2.5 ba|House
$265,000|3 bd|2.0 ba|House
$419,999|3 bd|3.5 ba|House