326 Rhode Island AVE , Royal Oak, MI 48067
Est. $3,285/mo with current taxes · · See the breakdown
About this home
What a wonderful opportunity in the heart of downtown Royal Oak! This beautiful two-story Cape Cod offers an abundance of space and versatility. The first floor features a living room, updated kitchen, two bedrooms, beautiful hardwood floors, and a ceramic tile bath. The second floor offers a second living area, kitchen, two additional bedrooms, and another ceramic tile bath. Additional features include a full basement, a two-car garage, and a beautiful backyard. Originally designed as a two-family home, the property features two separate electrical panels and offers excellent potential for in-law quarters, multigenerational living, roommates, or a home office. Located in a residential neighborhood, this long-time owner-occupied property presents a unique opportunity for a new owner to make it their own while enjoying all that downtown Royal Oak has to offer! Updates include Newer furnace and new roof installed in 2025
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 37.96 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $450,000 |
| Beds | 4 |
| Baths | 2 full |
| Square feet | 1,638 |
| Type | Single family residence |
| Subdivision | HANNAN & WEBBERS SUNSET PARK |
| County | Oakland |
| MLS # | 20261088163 |
| Listed | 2026-10-31 |
| Days on market | 0 |
| Year built | 1948 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Block |
| Garage spaces | 2.5 |
| Water / Sewer | City water & sewer |
| Parcel number | 2522358006 |
| Listing office | RE/MAX Classic |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $106,250 | about $225,000 |
| Yearly property tax | $4,074 | about $8,541 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $4,467 a year more than this seller pays. The assessor's state equalized value (SEV) is $174,250. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Royal Oak's 2025 homestead rate of 37.96 mills and assumes you claim the homestead exemption. See Royal Oak's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-01T00:11+00:00; refreshed at least twice daily.