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Sold for $842,000
  • $842,000

    720 E Lincoln Ave, Royal Oak, MI 48067

    --beds
    --baths
    0.61Acres
    Land
    Built in ----
    0.61 Acres Lot
    $647,400 Zestimate®
    $--/sqft
    $1,625 Estimated rent

    Home value

    $647,400

    $537,000 - $764,000

    $1,625/mo

    Zestimate® history
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    $1,625/mo

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    $5,492/mo

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    $5,492/mo

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    What's special

    Large buildable parcel on the corner of E. Lincoln and Irving! 142 feet of frontage on newly repaved Lincoln Rd near downtown Royal Oak with many options. Zoned residential overlay, this parcel also includes the home next door at 712 E. Lincoln for a total of .61 acres. Preliminary options would be for 2 - (8) unit apartment buildings, 3 - (4) unit condos/ apartments or townhome style, 3 or 4 buildable lots or whatever other ideas the creative builder may have in mind. As already stated this purchase price includes 712 E. Lincoln which is a clean updated 1650 sq ft 2 family home that is always rented, current rents are low at ..landlord pays all utilities except cable / internet. Can also be purchased for without 712 E. Lincoln and have 2 buildable lots on Lincoln and Irving. See MLS# 20240032036 for details. This is a great piece of property that does not come up for sale often near downtown RO. If you walk the property please stay on the 720 E. Lincoln side and do not disturb the tenants at 712. Owner has a valid MIchigan salesperson license but not is not the listing agent. Agent will forward any pertinent questions to the seller for answers. Help to keep improving RO and put a solid investment to work for you !! Buyer to verify all information.

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul Corona 888-304-1447,

    3DX Real Estate LLC Troy,

    Frederick L Andary Jr 313-886-5670,

    F L Andary Realty Company Inc

    Bought with:

    Jim Shaffer, 6502380733

    Good Company

    Source: Realcomp II,MLS#: 20240029784MLS Logo

    Facts & features

    Interior

    Features
    • Has basement: No
    • Has fireplace: No

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Fencing: Fencing Allowed
    Lot
    • Size: 0.61 Acres
    • Dimensions: 142.00 x 188.00 x 133.00 x 200.00
    • Features: Corner Lot, Possible Basement, Residential Structureon Property, Sidewalk
    Details
    • Additional structures: Garages
    • Parcel number: 2522327012
    • Zoning description: Residential
    • Special conditions: Short Sale No,Standard

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Above Ground Utilities

    Community & HOA

    Community
    • Features: Curbs, Sidewalks
    • Subdivision: LINCOLN GROVE
    HOA
    • Has HOA: No
    Location
    • Region: Royal Oak

    Financial & listing details

    • Tax assessed value: $172,100
    • Annual tax amount: $9,528
    • Date on market: 5/13/2024
    • Cumulative days on market: 23 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash

    Price history

    DateEventPrice
    8/12/2024Sold$842,000+68.4%
    Source: Realcomp II #20240029784 Report a problem
    5/13/2024Price change$499,900+85.2%
    Source: Realcomp II #20240032036 Report a problem
    5/13/2024Price change$269,900-69.2%
    Source: Realcomp II #20240029780 Report a problem
    5/13/2024Listed for sale$874,900+212.6%
    Source: Realcomp II #20240029784 Report a problem
    1/1/2024Listing removed--
    Source: Realcomp II #20230083710 Report a problem
    10/2/2023Listed for sale$279,900-6.7%
    Source: Realcomp II #20230083710 Report a problem
    8/1/2023Listing removed--
    Source: Realcomp II #20230038573 Report a problem
    5/24/2023Price change$299,900-66.7%
    Source: Realcomp II #20230038694 Report a problem
    5/24/2023Price change$899,900+63.6%
    Source: Realcomp II #20230038573 Report a problem
    5/24/2023Listed for sale$550,000-38.9%
    Source: Realcomp II #20230038644 Report a problem
    1/1/2023Listing removed--
    Source: Realcomp II #20221027783 Report a problem
    11/15/2022Listed for sale$899,900
    Source: Realcomp II #20221027783 Report a problem
    10/11/2022Listing removed--
    Source: Realcomp II #20221027783 Report a problem
    9/2/2022Listed for sale$899,900
    Source: Realcomp II #20221027783 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $127,990 -26.1%
    2023-- $173,300 +5.7%
    2022-- $163,910 +5.9%
    2021-- $154,840 +9.7%
    2020-- $141,090 +3.7%
    2019-- $136,090 +9.2%
    2018-- $124,670
    2017-- $124,670 +9.6%
    2015-- $113,780 +16.7%
    2014-- $97,490 -1.2%
    2011-- $98,670 -2%
    2010$2,767 +0.8%$100,710 -14.9%
    2009$2,744 +34.1%$118,310 -37.3%
    2005$2,047 $188,830 +57.8%
    2003-- $119,700 +13.1%
    2002-- $105,880 +72.6%
    2001$2,174 +2.4%$61,360 +3.2%
    2000$2,122 $59,460
    Find assessor info on the county website

    Neighborhood: 48067

    Nearby schools

    GreatSchools rating