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Off market
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  • $318,500

    503 W Twelve Mile Rd, Royal Oak, MI 48073

    2beds
    2baths
    1,827sqft
    MultiFamily
    Built in 1922
    -- sqft lot
    $318,500 Zestimate®
    $174/sqft
    $2,201 Estimated rent

    Home value

    $318,500

    $283,000 - $354,000

    $2,201/mo

    Zestimate® history
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    $2,201/mo

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    $2,201/mo

    Rent Zestimate®

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    $1,995/mo

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    $1,995/mo

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    What's special

    One of a kind property available in Royal Oak. This older colonial is a well build house with great bones. Zoned multiple it has been used as a single family home, and more recently as a rental property. There are kitchens and baths on both floors. On the main floor is a large living room with a fireplace, a kitchen, a bath and two bedrooms (one could be used as a den if desired), upstairs is another kitchen and full bath and three or four bedrooms (one bedroom could be used as a living room). There is also a third floor unfinished attic. In the past the house was licensed by Royal Oak as a rental, but it has been unoccupied for a few years. The best use would probably be as a two unit rental (upper and lower suites). Similar sized units rent in Royal Oak for upwards of $ 1000/month for each unit. There are two GFA furnaces (one is a high efficiency unit). The yard is fenced and well maintained. This house is in very good condition (it only needs cosmetic updating if desired).

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • Forced air
    Features
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,827 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Lot
    • Size: 7,971 sqft
    Details
    • Parcel number: 2516204003

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1922

    Community & neighborhood

    Location
    • Region: Royal Oak

    Price history

    DateEventPrice
    6/17/2015Sold$153,000-15%$84/sqft
    Source: Public Record Report a problem
    4/8/2015Listed for sale$179,900$98/sqft
    Source: Ann Arbor Area Board of Realtors #46107444 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $149,450 +4.5%
    2023-- $142,960 +2.5%
    2022-- $139,420 +6.1%

    Find assessor info on the county website

    Neighborhood: 48073

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Royal Oak

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value$318,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $318,500