418 S Dorchester Avenue

About this home

This 1928 home sitting on a 96.47 x 120 lot, lovingly owned by the same family for over a 5 decades is ready to be restored to its original beauty or offers an incredible opportunity to rebuild on a spacious double lot. Surrounded by mature trees and nestled in a quiet setting, the property is just minutes from the downtown district and city amenities. A true gem for those who value history or the chance to create their own vision. Sold AS IS. Hot water tank NOT included. Buyer’s agent to verify all information. The City of Royal Oak has confirmed two homes can be built on this lot. Come see for yourself today and bring all offers.

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 $400,000, or $250 per square foot, 23% above the city median, and has been on the market 184 days. 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 $3,334 a year. A buyer who lives here would pay about $3,353 to $7,668 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

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