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$337,400

Beds
2
Baths
1.0
sq ft
1,274

467 Cambridge Rd, Royal Oak, MI 48067

467 Cambridge Rd

Royal Oak, MI 48067

  • 24 days on market
    • Price drop $12,500↓
This bright and open bungalow, located in the heart of Royal Oak’s vibrant downtown, offers an abundance of living space and modern updates throughout. The kitchen seamlessly connects to a light-filled living room, where a cozy fireplace and street views create a welcoming atmosphere. The spacious family room at the back of the house overlooks the rear patio and offers versatile space that could easily be converted into a third bedroom if needed. Above the garage, you'll find a unique finished loft space, currently used for storage, but perfect for an art studio or office. The attached one-car garage provides convenient access directly to the kitchen. The home also features a full basement, adding even more space for storage or potential expansion. Recent updates include modern electrical systems, a fully renovated ceramic bath, a new washer and dryer, a garbage disposal, a furnace, updated windows, a Nest thermostat, and stylish new flooring. The newly constructed front deck spans the entire front of the home, offering a charming spot to enjoy the lively atmosphere of Cambridge, especially on those warm summer evenings. Brand new shed and wonderful backyard, perfect for entertaining.

Details

Property type

Single Family Residence

Est. home value

$329,203

Lot size

3,920 sq ft

Price per sq ft

$265

Year built

1917

Annual property taxes

$4,844

Price History

09/11/2024
Realcomp

Realcomp #20240063140

Price change
$337,400
-3.57%
08/24/2024
Realcomp

Realcomp #20240063140

Listed
$349,900
+47.02%
11/23/2020
Realcomp

Realcomp #2200087153

Sold
$238,000
+22.05%

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

$103,132
Asking price
$337,400
Closing costs (~8% of asking)
-$26,992
Est. remaining loan balance
-$207,276
Cash to seller
$103,132

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

Seller’s Loan History

Lender

Homeside Financial Llc

Loan start date

November 2020

Original loan amount

$226,100

Est. remaining balance

$207,276

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Joshua Hunter Green

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: 09/17/2024 at 11:10 PM

Listing updated: 09/14/2024 at 1:21 PM

Listed by: Kevin Moore, Adams Realty Services Phone #: (248) 582-3300

MLS: Realcomp #20240063140

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