Zoned Multiple, currently 2 houses (both rented) each sitting on 40 x 294 lots- or 80- x 294 combined or .53 of an acre which currently permits building 6 new units! However, both homes are surrounded by apartments & condos ON ALL 3 SIDES! Potential of more than 6 units (10,12, 16?) . Baker street is walking distance to downtown Royal Oak & currently new construction condos are selling for over $625,000.00 or renting for over $3,300 or $3,500.00 per month. Short term Land Contract OK! (OWNER IS LICENSED)
Property Details
Property Features
Listing Office:
Office Name: RE/MAX Classic
Office Phone: (248) 646-5000
Listing Agent: Andrew A Konopada
Lot Features
Lot Information:
Lot Size: 0.54 Acres
School Info
Assigned Schools Information:
Royal Oak Middle School, Public District Grades 6-8
Northwood Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: EAST OF WOODWARD AVENUE, AND NORTH OFF 11 MILE ROAD
Price Information
Listing Price Info
Price Summary:
List Price: $1,000,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Royal Oak, MI.
This property is $655.7K more than the Median Sold Price in Royal Oak, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20230006196
Listing Office:
Office Name: RE/MAX Classic
Office Phone: (248) 646-5000
Listing Agent: Andrew A Konopada
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,058
Per Month
Principal & Interest
$4,991
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,065
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Northwood Elementary School
926 W 12 Mile Rd
Distance between this listing and this school1.00 miles
Public District Grades KG-5
Middle School
6
/10
Royal Oak Middle School
709 N Washington Ave
Distance between this listing and this school0.54 miles
Public District Grades 6-8
Assigned Schools
9
/10
Northwood Elementary School
926 W 12 Mile Rd
Distance between this listing and this school1.00 miles
Public District Grades KG-5
Nearby Schools
8
/10
Burton Elementary School
26315 Scotia Rd
Distance between this listing and this school0.95 miles
Public District Grades KG-5
6
/10
Rogers Elementary School
2265 Hamilton Ave
Distance between this listing and this school1.03 miles
Public District Grades KG-5
Assigned Schools
6
/10
Royal Oak Middle School
709 N Washington Ave
Distance between this listing and this school0.54 miles
Public District Grades 6-8
Nearby Schools
7
/10
Anderson Middle School
3205 Catalpa Dr
Distance between this listing and this school1.75 miles
Public District Grades 6-8
3
/10
Oak Park Preparatory Academy
23261 Scotia Rd
Distance between this listing and this school2.19 miles
Public District Grades 7-8
Nearby Schools
7
/10
Berkley High School
2325 Catalpa Dr
Distance between this listing and this school1.26 miles
Public District Grades 9-12
3
/10
Oak Park High School
13701 Oak Park Blvd
Distance between this listing and this school2.13 miles
Public District Grades 9-12
7
/10
Royal Oak High School
1500 Lexington Blvd
Distance between this listing and this school2.28 miles
The neighbors living near this home have an average income of $43,500. Residents of Royal Oak, MI typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 300-304 Baker St
What is the listing price of this property?
The listing price of 300-304 Baker St property is $1,000,000.
What type of property is this?
The property 300-304 Baker St is land located in Royal Oak, Michigan, 48067.
Is this property for sale now?
Active Listing: 300-304 Baker St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 300-304 Baker St are: Northwood Elementary School: GreatSchools Rating 9/10Royal Oak Middle School: GreatSchools Rating 6/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 300-304 Baker St in Royal Oak, MI and zip code 48067. This home sits on a 0.54 acre lot. It has been listed on Rocket Homes since January 25, 2023 and is currently priced at $1,000,000.
Over 21 listings were sold over their listed price in March 2024 in Royal Oak, MI. In the same period over 30 listings were sold below the listed price and 10 listings were sold for the listed price. The inventory of homes for sale in Royal Oak, MI between February 2024 and March 2024 increased by 3.6%. Listings spent 28 days on the market in March 2024, and had a median list price of $344,250 during the same period.
From Rocket Homes Real Estate and based on county public records data.