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1318 Cherokee Avenue

1318 Cherokee Avenue, Royal Oak, MI 48067
Property in Royal Oak
Sold Jul 31, 2020
$230,000
Sold Aug 06, 2015
$169,500
$152,550 by Michigan Schools & Government
Mortgage Due Aug 01, 2045
1318 Cherokee Avenue in Royal Oak, MI was first built in 1951 and is 73 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bungalow style. There are a total of 1 floors. There are a total of 4 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1318 Cherokee Avenue has 959 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,340. In total, the area measurement of the land is 5,358 square feet.

Learn more about the property and building on this page. There is a covered porch. The home has a gable style roof made of asphalt. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 288 sqft. There is one available parking space. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1318 Cherokee Avenue sold most recently in Jul 29, 2020 for a total of $230,000. If you work out the math, that's approximately a cost of $239.83 per sqft. Before that, the property was also sold for $169,500 in Jul 24, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,157 in taxes each year. 1318 Cherokee Avenue was most recently assessed in 2018. During this assessment, the property's total value was estimated to be about $91,360. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 756
  • Garage Type: Garage
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,358
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 400
  • Total Building Area: 959
  • Building Area: 959
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 959
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOMESTEAD FARMS SUBDIVISION
  • Land Acres: 0.123
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R11E, SEC 22 HOMESTEAD FARMS SUB N 40 FT OF LOT 52, ALSO 1/2 OF VAC ALLEY ADJ TO SAME

Ownership

  • Current Owner : HOWARD EMILY
  • Current Owner 2: SORGATZ MATTHEW
  • Previous Owner : BRUSS JOEL
  • Previous Owner 2: BRUSS COURTNEY
  • Owner Before Previous Owner: HORVATH BRIAN F
  • Owner Before Previous Owner 2: HORVATH CHERYL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Royal Oak City School District
  • School Tax School District: 230
  • Census Tract: 184600

Zoning

  • Zoning: RI

Geography

  • District: 72
  • Parcel: 72-25-22-453-044
  • Lot: 52
  • Meridian: SEC 22 TWN 1N RNG 11E
  • Municipality: ROYAL OAK CITY
  • Latitude: 42.4785
  • Longitude: -83.1311

    Address

  • Full Address: 1318 Cherokee Ave
  • Address - House Number: 1318
  • Address - Street Name: Cherokee
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Royal Oak
  • Carrier Code: C027
  • 4-Digit Zip Code: 3386
  • Zip Code: 48067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,157

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 74
  • Final Value: 293,243
  • High Value: 350,377
  • Low Value: 236,110

    Market Valuation

  • Market Total Value: $182,720

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $91,360

    Sales

  • Current Sale Contract Date: Jul 29, 2020
  • Current Sale Recording Date: Jul 31, 2020
  • Current Sale Transaction ID: 11779791524
  • Current Sale Price: $230,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 150903
  • Previous Sale Recording Date: Aug 06, 2015
  • Previous Sale Contract Date: Jul 24, 2015
  • Previous Sale Amount: $169,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: Jul 31, 2020
  • First Mortgage Loan Amount: $184,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: MICHIGAN SCHOOLS & GOVERNMENT
  • Previous Mortgage Transaction Date: Aug 06, 2015
  • Previous Mortgage Loan Amount: $152,550
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2045

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Frequently Asked Questions

What neighborhood is 1318 Cherokee Avenue located in?
The 1318 Cherokee Avenue is a located in the neighborhood of Royal Oak in Royal Oak, Royal Oak.
What is the average sales price for listings in 1318 Cherokee Avenue?
The average sales price for units in 1318 Cherokee Avenue is $0 currently.

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