About this home

The house maintains all for a grand family home, with five well-structured bedrooms, 3 will modernized bathrooms, and great looking full sizeable bathroom in the basement. In addition to these special qualities, the house maintains a sizeable living room and the dining room. Under this status, considering the functionals of the house, it is highly suitable for large family occupancy and ownership, rental investment opportunities, or a buyer exploring licensed/approved group living, supportive housing, or residential care-style use, subject to municipal, zoning, licensing, and state approvals, Additional highlights include a full brick exterior, covered front porch, basement storage, and a rare combination of bedroom and bathroom count at this price point. Conveniently located near Woodward, 8 Mile, I-75, Ferndale, Royal Oak, Detroit, shopping, dining, and major employment centers.The property maintains two conditions, which include improper main floor elevations, and clogged drain back up, which could be cured with an estimated amount of $15,000.00. With the view that the property is being sold "as its is', the price of the property, which is $205,000.00, is reduced to $190,000.00 or best offer, under the given circumstances of the property.

The facts

Property taxes: the seller's bill vs. yours

Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $225 a year more than this seller pays. The assessor's state equalized value (SEV) is $42,440. 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 Township's 2025 homestead rate of 37.29 mills and assumes you claim the homestead exemption. See Royal Oak Township's full tax breakdown or run the uncapping calculator.

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