1 year on rocket

Sale Pending

518 Park Ave, Royal Oak, MI, 48067

$394,500

Home List Price

$4,685*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,771 SqFt
$223/SqFt
House
Schools Nearby

Location

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518 Park Ave, Royal Oak$394,500

Buyer Closing Credits

$4,685*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1920
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
FireplaceNatural, Living Room
MLS #20230057681
Lot Size0.27 Acres
StatusSale Pending
(Pending)

About 518 Park Ave

LOCATION IS EVERYTHING, Live within walking distance to all downtown RO has to offer yet far enough away to enjoy the peace and quiet of your oversized backyard. Beautifully maintained Royal Oak Cape Cod home built to last the old fashioned way. Updated in the last 10 years, furnace, roof, new eves, electrical, wood stove. AC new in 2018, Hot Water Heater 2022. A block from RO Middle School. This home boats three large bedrooms, primary bedroom has two oversized walk in closets, one would make a great primary bathroom. A great added feature for you, is a bonus room overlooking the front. Enjoy the refinished hardwood floors throughout. Spend your evenings on the large covered front porch, completely rebuilt in 2018 with a full foundation, could be converted to additional living space. Electrical is wired for a whole house generator. Bring your gardening skills and enjoy the Peach tree, Raspberry bushes and the Concord Grape vines. So many updates, this home is a must see. A very private setting. Close to incredible restaurants and all freeways.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1920
  • Stories: 2
  • Living Area: 1,771 SqFt

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: George V Goddard

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Energy Star Refrigerator, Gas Range, Ice Maker, Plumbed For Ice Maker, Stainless Steel Appliance(s)
  • Basement: Yes
  • Fireplace: Natural, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

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: West of Washington, S of Catalpa

Price Information

Listing Price Info

Price Summary:

  • List Price: $394,500
  • Price Per SqFt: $223/SqFt

Tax Information:

  • Annual Amount: $4,725
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Royal Oak, MI.

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Royal Oak, MI

City

Med. Sold Price

$344.2K

Med. Price/SqFt

$270

Avg. Days On Market

28

# of Sold Homes

61

518 Park Ave vs Royal Oak

381 DAYS ON ROCKET

+353 Days

$394,500

+$50.2K More

$223/SqFt

-$48 Less

KEY TAKEAWAY

This property is $50.2K more than the Median Sold Price and $48/SqFt less than other homes in Royal Oak, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20230057681

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: George V Goddard

IDXDisclaimer: 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.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 11:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 11, 2011Home Sold
$60,100
Aug 17, 2009Home Sold
$242,585

Tax History

YEARPROP. TAXASSESSMENT
2020$4,725$127,830
2018$4,761$109,370
2017$3,610$109,370

History based on county public records data.

Payment Calculator

$2,036

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,249

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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

school-card-donut-3389316
9
/10

  • Northwood Elementary School

  • 926 W 12 Mile Rd

  • 0.84 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3389317
6
/10

  • Royal Oak Middle School

  • 709 N Washington Ave

  • 0.14 miles

  • Public District Grades 6-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $96,591. Residents of Royal Oak, MI typically earn between $35k-100k each year. The most common type of family is 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 518 Park Ave

What is the listing price of this property?

The listing price of 518 Park Ave property is $394,500.

What type of property is this?

The property 518 Park Ave is a house located in Royal Oak, Michigan, 48067.

Is this property for sale now?

Sale Pending: 518 Park Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 518 Park Ave are:
Northwood Elementary School: GreatSchools Rating 9/10
Royal Oak Middle School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,725 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 11, 2011 for $60,100. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 518 Park Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 518 Park Ave is 1,771 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 518 Park Ave is 1920.

Rocket Homes›Michigan›Oakland County›Royal Oak›48067›518 Park Ave

This home is located at 518 Park Ave in Royal Oak, MI and zip code 48067. This 1,771 square foot home, which was built in 1920, sits on a 0.27 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 14, 2023 and is currently priced at $394,500.

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. Between February 2024 and March 2024, Royal Oak, MI real estate market has seen increase in the number of listings by 3.6%. In March 2024 median list price was $344,250 and the average listing age was 28 days.

From Rocket Homes Real Estate and based on county public records data.

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