300-304 BAKER Street Royal Oak, MI ^$ 1,000,000

300-304 BAKER Street

^$ 1,000,000

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300-304 BAKER Street

Royal Oak, MI, 48067

^$ 1,000,000

Studio Baths0.0

Monthly Estimate*

^$ 6,646

300-304 BAKER Street, Royal Oak, MI 48067 - Image 1

300-304 BAKER Street, Royal Oak, MI 48067 - Image 2

Studio

Lots and Land for sale in Royal Oak, MI

for $1,000,000. The lot size is 0.54.

Zoned Multiple, currently 2 houses (both rented) each sitting on 40 x 294 lots- or 80- x 294 combined or .53 of an acre which currently permits building 6 new units! However, both homes are surrounded by apartments & condos ON ALL 3 SIDES! Potential of more than 6 units (10,12, 16?) . Baker street is walking distance to downtown Royal Oak & currently new construction condos are selling for over $625,000.00 or renting for over $3,300 or $3,500.00 per month. Short term Land Contract OK! (OWNER IS LICENSED)

Lots and Land Active

Price

^$ 1,000,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 4,997

Style

Vacant Land

Lot Size

0.54

Town/City

Royal Oak

County/Region

Oakland

MLS | Web ID

60186598

Features

General

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Style Vacant Land

County Oakland

Class VACANT LAND

Type Vacant Land

Percent Ownership Private

Municipality Royal Oak

Zoning Multi-Family Residential

Area Royal Oak (63251)

Directions EAST OF WOODWARD AVENUE AND NORTH OFF 11 MILE ROAD

City Royal Oak

School District Royal Oak Neighborhood Schools

Street Name BAKER

Financial Terms Cash Conventional Exchange/Trade

Legal Description T1N R11E SEC 16 MAPLE GROVE SUB LOT 134

DOM 490

Price Per Sq Ft Total 1851851.85

Coming Soon Zoned Multiple currently 2 houses (both rented) each sitting on 40 x 294 lots- or 80- x 294 combined or .53 of an acre which currently permits building 6 new units! However

Exterior

Frontage 80

Lot Size Area 0.54

Lot Dimensions 80X294

Lot Description Sidewalks

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Andrew Konopada

Listing Agent

Re/Max Classic

Broker

andy@andykhomes.com

Affordability Calculator

$7,063

Per Month

Monthly Principal & Interest: $6,646
Monthly Property Taxes: $416
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Royal Oak, MI

Average List Price ^$514,854

Percent of Sale Price 49%

About Royal Oak, MI

58,569 Population

-2% Since 2002

^$69,342 Median Income

40.15 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759413 Elementary School

759716 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2023	$1,000,000	-16.67%	Price Down
2/7/2023	$1,200,000	-14.28%	Price Down
1/25/2023	$1,399,900		Listed Price

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300-304 BAKER Street, Royal Oak, MI, 48067 is a Lots and Land for sale at $1,000,000 with a lot size of 0.54. 300-304 BAKER Street is a studio with 0.0 baths. The property's zip code is 48067 which is in Royal Oak, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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300-304 BAKER Street

Lots and Land for sale in Royal Oak, MI

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