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$550,000

Beds
2
Baths
2.5
sq ft
1,250

935 N Lafayette Ave, Royal Oak, MI 48067

935 N Lafayette Ave

Royal Oak, MI 48067

  • 1 day on market
This stunning Royal Oak masterpiece is perfectly situated on a private dead-end street, just steps from the coffee shops, restaurants, and boutiques of Downtown Royal Oak. A perfect condo alternative, this single-family home offers the rarity and seclusion you wouldn’t otherwise find! This energy-efficient and green-built property boasts radiant heat in the concrete floors, a new roof installed in 2015, and a comprehensive overhaul of plumbing, electrical, and other systems completed in 2022. The thoughtfully designed layout ensures easy living and entertaining, welcomed by natural light pouring through industrial-style windows and skylights, highlighting the open-concept main floor. This home includes a generously proportioned kitchen, spacious living and dining areas, a versatile flex room, and convenient laundry. The primary suite is a retreat unto itself, featuring a floating loft area and a zoned HVAC system, while the guest suite boasts a full bath, ample closet space, and its own zoned heating and cooling system. Outside, the ground level opens to a spectacular two-tiered sunken patio, creating an outdoor oasis perfect for summer BBQs and entertaining. A backyard putting green adds a unique touch to this already impressive space. For electric vehicle owners, a 240-volt outlet in the garage is ready to charge your Tesla. Constructed with meticulous attention to detail, this home is like new and one of only eight properties on a quiet, no-outlet street, offering a rare opportunity to enjoy the vibrant energy of Downtown Royal Oak with the serenity of private living. A VRF system circulates air throughout the home, enhancing comfort year-round. Welcome home! BATVAI, all measurements approx.

Details

Property type

Single Family Residence

Est. home value

$325,823

Lot size

5,227 sq ft

Price per sq ft

$440

Year built

1920

Annual property taxes

$3,866

Price History

10/02/2024
Realcomp

Realcomp #20240074423

Listed
$550,000
+144.44%
08/27/2021
Realcomp

Realcomp #2210033779

Sold
$225,000

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

$122,407
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$383,593
Cash to seller
$122,407

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

Seller’s Loan History

Lender

The State Bank

Loan start date

August 2021

Original loan amount

$411,350

Est. remaining balance

$383,593

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Brady G Williams and Chloe L Olsen Beever

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?

Status: Active

Tomo last checked: 10/03/2024 at 11:15 PM

Listing updated: 10/03/2024 at 12:11 PM

Listed by: Samuel M Kaplunov, @properties Christie's Int'l R.E. Birmingham Phone #: (248) 850-8632

MLS: Realcomp #20240074423

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