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$392,400

Beds
3
Baths
2.0
sq ft
1,012

524 E Farnum Ave, Royal Oak, MI 48067

524 E Farnum Ave

Royal Oak, MI 48067

  • 58 days on market
    • Price drop $7,500↓
Welcome Home to This Charming 3-Bedroom, 2 Full bathroom Royal Oak Gem - Walkable to Downtown!Nestled on a peaceful, tree-lined corner lot, this delightful home offers the perfect combination of character, comfort, and opportunity. Just a short walk from downtown Royal Oak, you'll have easy access to dining, shopping, and entertainment, all while enjoying the tranquility of a family-friendly neighborhood.Inside, this home features over 1,000 sq ft of living space, with original white oak hardwood floors throughout, freshly painted walls, and newer windows that let in plenty of natural light. The open floor plan seamlessly connects the spacious living and dining areas to the kitchen, which boasts stainless steel appliances, granite countertops, and ample cabinet space.The primarysuite is a bright, peaceful retreat with a large closet and an ensuite bathroom with plenty of storage. The two additional bedrooms share a second full bathroom. The fully fenced backyard offers a wood patio and plenty of green space, perfect for pets, kids, or just relaxing in the sun. The 2-car garage provides additional storage space, and the corner lot offers future potential for expansion or a new build. This home is move-in ready, with tons of room to grow and a fantastic location. Don't miss out on this great opportunityschedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$322,123

Lot size

4,792 sq ft

Price per sq ft

$388

Year built

1917

Annual property taxes

$6,192

Price History

12/18/2024
Realcomp

Realcomp #81024061986

Price change
$392,400
-1.88%
12/05/2024
Realcomp

Realcomp #81024061986

Listed
$399,900
+95.07%
11/23/2016
Realcomp

Realcomp #216104088

Sold
$205,000
+9.92%

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

$140,097
Asking price
$392,400
Closing costs (~8% of asking)
-$31,392
Est. remaining loan balance
-$220,911
Cash to seller
$140,097

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

Seller’s Loan History

Lender

Inlanta Mortgage Inc

Loan start date

September 2022

Original loan amount

$228,750

Est. remaining balance

$220,911

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Anthony Kane

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: 02/02/2025 at 6:00 AM

Listing updated: 12/18/2024 at 2:35 PM

Listed by: Ryan Heward, Golden Key Real Estate LLC Phone #: (313) 638-2474

MLS: Realcomp #81024061986

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