516 N Connecticut Avenue

About this home

Yes, you might have a few more leaves to rake-but imagine the memories and epic leaf piles you can make on the rare 80' wide lot, where 40'- 50' is the norm! Picture Summer evenings entertaining on the beautiful patio, children playing in the huge backyard, or even your own ice skating rink in the Winter. The possibilities are endless when you have room to spread out. You can change a house, however you cannot change the lot. When it comes to land, bigger is better! This move-in-ready, all brick home offers an awesome family room, 2.1 bathrooms, living room with a natural fireplace, and an updated 2nd floor full bathroom. Filled with charm & character it also features Wallside windows throughout, a large 2.5 garage, & a finished basement offering more room to relax. We also have an electric vehicle charger. Take advantage of the fantastic Royal Oak location w/easy access to the vibrant downtown, featuring a selection of restaurants, local shops, cafes, and nightlife.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Royal Oak

Over the last 90 days, 257 homes sold in Royal Oak for a median of $350,000, about $206 per square foot, and the typical one went under contract in 12 days. This home is listed at $479,000, or $266 per square foot, 29% above the city median, and has been on the market 5 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 $6,865 a year. A buyer who lives here would pay about $9,183 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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