714 12 Mile Road, Royal Oak, Michigan 48073

$274,999

Great Deal - This property is priced $99,001 below comparable homes in the area.

Property Details

MLS#: 20251047788
Bedrooms: 3
Bathrooms: 2
Square Feet: 1,700
Price per Sqft: $162
Lot Size: 0.1 acres
Year Built: 1946
Property Type: Residential
Status: Active
Days on Market: 77

Market Analysis

Estimated Value (CMA): $374,000
Area Avg Price/Sqft: $220
This Property: $162/sqft ($58 below area average)
Price Position: -26.0% vs comparable homes
Comparable Properties Analyzed: 2

Description

Land contract available with $18,000 down, 10-year term, and $2,400 monthly payment including taxes and insurance. The basement offers proven income potential and is already configured for short-term rental use, with local Airbnb rates averaging approximately $60 per night per AirDNA data. This fully updated 1946 bungalow is located just five minutes from Royal Oak’s Main Street and blends classic charm with modern convenience, featuring three bedrooms, two full bathrooms, refinished hardwood floors, and spacious living and dining areas with original architectural character. The updated kitchen provides ample counter space and storage, while the main-floor bedroom and full bath are complemented by two additional bedrooms upstairs, making the layout ideal for multigenerational living or roommate arrangements. The finished basement includes a second full bathroom, wet bar, and separate laundry area, creating flexibility for guests, tenants, or additional living space. A new roof was installed in 2022, and the unique split-level design includes two laundry setups, one on the main level and one in the basement. Additional features include a fenced backyard, covered front porch, updated mechanicals and electrical, and driveway parking for multiple vehicles, with quick access to I-75, parks, shopping, dining, and entertainment, offering a rare move-in-ready opportunity with income potential in a high-demand location.

Location

This property is located in Royal Oak, Michigan. Royal Oak is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 714 12 Mile Road?

714 12 Mile Road is listed at $274,999, or $162 per square foot.

How many bedrooms does 714 12 Mile Road have?

This property has 3 bedrooms and 2 bathrooms, with 1,700 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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