tomo logo

$324,900

Beds
3
Baths
2.0
sq ft
1,200

714 E 12 Mile Rd, Royal Oak, MI 48073

714 E 12 Mile Rd

Royal Oak, MI 48073

  • 186 days on market
Discover the charm of this beautifully modernized 1946 bungalow, nestled just five minutes from the vibrant heart of Royal Oak's Main Street. Featuring three spacious bedrooms and two bathrooms, this inviting home boasts a generous basement area, perfect for additional living space or storage. Enjoy the convenience of a main floor bathroom and a second bathroom in the basement. The warmth of hardwood floors and timeless architectural details create a cozy ambiance throughout. With a brand-new roof installed in 2022 and a unique split-level design that includes two sets of washer and dryer, this property is ideal for families or savvy investors alike. Located with easy access to the I-75 on-ramp, this home combines comfort and convenience in a sought-after neighborhood. Don't miss your chance to make it yours!

Details

Property type

Single Family Residence

Est. home value

$279,037

Lot size

4,356 sq ft

Price per sq ft

$271

Year built

1946

Annual property taxes

$4,085

Price History

06/19/2024
Realcomp

Realcomp #20240043311

Listed
$324,900
+18.15%
08/11/2023
Realcomp

Realcomp #20230049736

Sold
$275,000
+99.28%
11/27/2013
Realcomp

Realcomp #58031164890

Sold
$138,000

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

$36,050
Asking price
$324,900
Closing costs (~8% of asking)
-$25,992
Est. remaining loan balance
-$262,858
Cash to seller
$36,050

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2023

Original loan amount

$266,750

Est. remaining balance

$262,858

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Madison Dewet

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
$309,999
3 bd
|
2 ba
|
1,196 sq ft
|
House

702 N Gainsborough Ave, Royal Oak, MI 48067

Pending
Realcomp
$350,000
3 bd
|
2 ba
|
1,249 sq ft
|
House

3106 N Vermont Ave, Royal Oak, MI 48073

Price drop
Realcomp
$347,000
3 bd
|
2 ba
|
1,089 sq ft
|
House

120 N Gainsborough Ave, Royal Oak, MI 48067

Status: Active

Tomo last checked: 12/22/2024 at 10:35 AM

Listing updated: 08/25/2024 at 1:23 PM

Listed by: Krista R Gudith, Berkshire Hathaway HomeServices Michigan Real Est Phone #: (248) 625-5700

MLS: Realcomp #20240043311

Realcomp logo

Recently listed in Royal Oak

$329,900|3 bd|1.5 ba|House
$225,000|2 bd|1.0 ba|House
$229,899|3 bd|1.0 ba|House
$1,150,000|4 bd|3.5 ba|House
$209,000|2 bd|1.0 ba|House
$229,000|3 bd|1.0 ba|House
$489,900|3 bd|2.0 ba|House
$259,900|2 bd|1.5 ba|Condo
$255,000|3 bd|2.0 ba|House
$339,900|3 bd|1.0 ba|House