tomo logo

$999,000

Beds
4
Baths
3.0
sq ft
2,746

517 Catalpa Dr, Royal Oak, MI 48067

517 Catalpa Dr

Royal Oak, MI 48067

  • 92 days on market
    • Price drop $900↓
**Seller Offering Interest Rate Buy-down Incentive (get a mortgage rate in the 5%'s) with Accepted Offer by 12/25/24** Introducing 517 Catalpa Dr, a stunning new build located just moments from the vibrant downtown Royal Oak, home to some of Michigan's finest dining, shopping, and entertainment. This contemporary masterpiece exudes modern luxury with its sleek California-inspired design, featuring a flat roof and cutting-edge architecture that stands out from the rest. Step inside to find an open floor plan adorned with modern hardwood flooring that flows seamlessly through the main level and into the four generously sized upstairs bedrooms. The custom-designed kitchen is a chef's dream, boasting high-end Café brand appliances, gleaming quartz countertops, and a large island perfect for entertaining or casual dining. The living room is a showcase of style with its striking custom fireplace, built-in shelving, and unique lighting fixtures that add a touch of elegance throughout the space. The home is designed for both style and function, with under-stair lighting adding an ultra-modern touch to the sleek staircase. Step through the convenient doorwall to a beautifully crafted stamped concrete patio—ideal for outdoor entertaining—and enjoy the low-maintenance, professionally designed backyard. The stamped concrete driveway and porch add to the home’s curb appeal. Upstairs, indulge in two luxurious full bathrooms with custom ceramic tile, including a spectacular master bath with high-end finishes. The second-floor laundry room with ceramic flooring offers convenience and ease. With a two-car tandem attached garage, 10-foot basement ceilings, and a basement landing leading directly to the backyard patio, this home is designed for comfort and practicality. From the chic covered front porch to every meticulously designed detail inside, 517 Catalpa Dr is a rare opportunity to own a modern architectural gem in the heart of Royal Oak. Live in style, just steps away from the best this thriving city has to offer!

Details

Property type

Single Family Residence

Est. home value

$298,575

Lot size

5,227 sq ft

Price per sq ft

$364

Year built

2024

Annual property taxes

$10,765

Price History

11/19/2024
Realcomp

Realcomp #20240071029

Price change
$999,000
-0.09%
10/16/2024
Realcomp

Realcomp #20240071029

Price change
$999,900
-4.68%
10/04/2024
Realcomp

Realcomp #20240071029

Price change
$1,049,000
-4.64%

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

The Piedmont Bank

Loan start date

July 2023

Original loan amount

$450,000

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

Building or Construction Loan, 1 year

Seller

Rocco M Vicari and Kristen E Vicari

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: 12/22/2024 at 5:00 AM

Listing updated: 11/29/2024 at 11:50 AM

Listed by: Robert K Montgomery, Epique Realty Phone #: (248) 218-2604

MLS: Realcomp #20240071029

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