tomo logo

$875,000

Beds
4
Baths
4.0
sq ft
3,000

402 N Troy St, Royal Oak, MI 48067

402 N Troy St

Royal Oak, MI 48067

  • 98 days on market
    • Price drop $24,000↓
Rare opportunity to own the historic McDowell home, one of Royal Oak's architecturally significant gems. Builders collaborated with the Historical Society to meticulously remodel and add square footage to this landmark residence. The only known barn in the city acts as the garage and was awarded a "pride of ownership" certificate given by the Michigan Barn Preservation Network for demonstrating exceptional care and preservation. Home is located in the heart of downtown - a true WALK to all the entertainment the city offers. The remodel and addition were completed with superior materials and construction - all in keeping with the homes history and offering you the character that is often lacking in new construction options. Enclosed front porch is the perfect spot to relax and observe the hustle and bustle of downtown living. Third story loft could be used as a home office, playroom, or yoga studio. Open floor plan gives you that "wow factor" as soon as you open the front door and is perfect for entertaining. Updated kitchen features new stylish cabinetry, quartz, island, and Cafe appliances. Mud room and 2nd floor laundry. Primary suite with walk-in closet and large primary bath. New HVAC and roof. Family room features a new gas fireplace and door wall leading to expansive deck. Five exit points and two patios. Gorgeous brick and cedar shake exterior. High end light fixtures. Custom hardwood flooring was preserved and refinished and is an absolute showpiece. Bedroom with enclosed porch that would offer similar opportunities as the third level. Oversized 60' x 140' lot - irrigation in front yard. Barn offers a metal roof and 2nd story that could be finished or used for storage. This home is one of one and has been an absolute labor of love for the builders. Buy with confidence that you would own one of the most admired homes in the city! Buyers - please ask your agent to provide you with attached literature on the awards, articles, and certificates regarding this masterpiece. BATAI.

Details

Property type

Single Family Residence

Est. home value

$408,445

Lot size

8,276 sq ft

Price per sq ft

$292

Year built

1914

Annual property taxes

$9,077

Price History

10/14/2024
Realcomp

Realcomp #20240058432

Price change
$875,000
-2.67%
08/08/2024
Realcomp

Realcomp #20240058432

Listed
$899,000
+156.86%
12/16/2022
Realcomp

Realcomp #20221054461

Sold
$350,000

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

Citizens Bank

Loan start date

October 2005

Original loan amount

$5,100

Est. remaining balance

$0

Interest rate

5.71%

Loan type

Not Provided, 3 year

Seller

Ruth L Cleaveland and Joseph N Cleaveland

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: 11/15/2024 at 10:00 AM

Listing updated: 10/20/2024 at 1:15 PM

Listed by: James P Orr, RE/MAX First Phone #: (248) 548-4400

MLS: Realcomp #20240058432

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