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1515 Hoffman Avenue

1515 Hoffman Avenue, Royal Oak, MI 48067
Property in Royal Oak
Sold Nov 10, 2022
$240,000
$233,007 by First Merchants Bank
Mortgage Due Nov 01, 2052
Sold Sep 28, 2022
$180,866
1515 Hoffman Avenue in Royal Oak, MI was first built in 1948 and is 76 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 ranch/rambler style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1515 Hoffman Avenue has 1,505 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 basement is 1,474 sqft and has been categorized as a unknown. The linear feet across the front of the lot is 450 ft and the linear feet between the front and back of the lot is 1,230. In total, the area measurement of the land is 5,532 square feet.

Learn more about the property and building on this page. There is a covered porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. 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 408 sqft. There are a total of 2 available parking spaces. 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. The property was last sold in Oct 31, 2022 for $240,000. That's $159.47 per sqft. Prior to that sales transaction, the property was also sold in Sep 20, 2022 for $180,866. 1515 Hoffman Avenue was last assessed in 2018. The total value of the property was assessed at $82,350. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,372. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stone Exterior
Vinyl Siding

Parking

Detached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 1,474
  • Garage Type: Garage
  • Garage Square Area: 408
  • Parking Space Count: 2
  • Porch Type: Covered porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 5,532
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,505
  • Building Area: 1,505
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,505
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ORCHARD KNOLLS SUBDIVISION
  • Land Acres: 0.127
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R11E, SEC 22 ORCHARD KNOLL SUB S 25 FT OF LOT 119 & N 20 FT OF LOT 120, ALSO 1/2 OF VAC ALLEY ADJ TO SAME

Ownership

  • Current Owner : KOUSSA JASMINE MARIA
  • Current Owner 2: KOUSSA YOUSSEF
  • Previous Owner : DAVIS MITCHELL
  • Owner Before Previous Owner: SHERIFFS OF OAKLAND COUNTY
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: RI

Geography

  • District: 72
  • Parcel: 72-25-22-478-031
  • Lot: 119
  • Meridian: SEC 22 TWN 1N RNG 11E
  • Municipality: ROYAL OAK CITY
  • Latitude: 42.4772
  • Longitude: -83.1269

    Address

  • Full Address: 1515 Hoffman Ave
  • Address - House Number: 1515
  • Address - Street Name: Hoffman
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Royal Oak
  • Carrier Code: C027
  • 4-Digit Zip Code: 3426
  • Zip Code: 48067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,372

    Appraisal Valuation

  • Standard Deviation: 0.0919
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 92
  • Final Value: 284,137
  • High Value: 310,253
  • Low Value: 258,020

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $233,007
  • First Open Lien Mortgage Lender: FIRST MERCHANTS BANK
  • First Open Lien Mortgage Recording Date: Nov 02, 2022
  • First Open Lien Mortgage Loan Amount: $233,007
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2052

    Market Valuation

  • Market Total Value: $164,700

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $82,350

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 10, 2022
  • Current Sale Transaction ID: 11898761987
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 469401
  • Previous Sale Recording Date: Sep 28, 2022
  • Previous Sale Contract Date: Sep 20, 2022
  • Previous Sale Amount: $180,866
  • Previous Sale Document Type: Sheriff's Deed

About Royal Oak



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Frequently Asked Questions

What neighborhood is 1515 Hoffman Avenue located in?
The 1515 Hoffman Avenue is a located in the neighborhood of Royal Oak in Royal Oak, Royal Oak.
What is the average sales price for listings in 1515 Hoffman Avenue?
The average sales price for units in 1515 Hoffman Avenue is $0 currently.

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