406 W 12 Mile Road
Royal Oak, MI 48073
Single Family Residence · MLS # 20261082392 · Listing courtesy of Douglas Rose Realty
About this home
Opportunity in Royal Oak for a buyer ready to put in some work. This classic early 1900s two story colonial sits minutes from downtown dining, shopping and parks with quick access to Woodward and 696. The home is currently laid out with a full kitchen and full bath on each floor for three bedrooms and two full baths total. Hardwood floors run through the living and dining rooms on both levels along with arched doorways, a built-in china cabinet and a covered front porch. A long driveway leads to plenty of parking in back. Keep the flexible layout for multigenerational living, live on one floor and rent the other or convert it to one large single family home. Now vacant and easy to show!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Royal Oak
Over the last 90 days, 258 homes sold in Royal Oak for a median of $350,000, about $204 per square foot, and the typical one went under contract in 12 days. This home is listed at $285,000, or $204 per square foot, about the same as the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Royal Oak sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $4,885 a year. A buyer who lives here would pay about $3,376 to $5,464 a year once the taxable value resets after the sale, at the 2025 homestead rate of 37.96 mills for Royal Oak City and Royal Oak schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Royal Oak
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