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203 South Gainsborough Avenue

203 South Gainsborough Avenue, Royal Oak, MI 48067
Property in Royal Oak
Sold Aug 14, 2017
$263,000
$209,002 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2046
Sold Jul 01, 2016
$220,002
$209,002 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2046
Local assessors in Royal Oak, MI have categorized 203 South Gainsborough Avenue as a residential type of property. The home was built in 1929 and is 95 years old. The property's lot size has been calculated to be 5,619 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 400 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 203 South Gainsborough Avenue has a total of 1,258 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 825 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 369 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 203 South Gainsborough Avenue sold most recently in Aug 9, 2017 for a total of $263,000. If you work out the math, that's approximately a cost of $209.06 per sqft. Before that, the property was also sold for $220,002 in Jun 20, 2016. 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 $5,010 in taxes each year. 203 South Gainsborough Avenue was most recently assessed in 2018. During this assessment, the property's total value was estimated to be about $116,330. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1929
  • Effective Year Built: 1929
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Brick
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 825
  • Garage Type: Garage
  • Garage Square Area: 369
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,619
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,258
  • Building Area: 1,258
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,258
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOURTH AVENUE SUBDIVISION
  • Land Acres: 0.129
  • Standard Land Use Code: Single family residential
  • Legal Description 1: T1N, R11E, SEC 22 FOURTH AVENUE SUB LOT 440

Ownership

  • Current Owner : FAIRLESS ANDREW
  • Previous Owner : CASEY TERRY W
  • Owner Before Previous Owner: CHAMBERS JEREMY
  • Owner Before Previous Owner 2: CHAMBERS SARAH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Royal Oak City School District
  • School Tax School District: 230
  • Census Tract: 184400

Zoning

  • Zoning: RI

Geography

  • District: 72
  • Parcel: 72-25-22-204-001
  • Lot: 440
  • Meridian: SEC 22 TWN 1N RNG 11E
  • Municipality: ROYAL OAK CITY
  • Latitude: 42.4892
  • Longitude: -83.1313

    Address

  • Full Address: 203 S Gainsborough Ave
  • Address - House Number: 203
  • Street Direction: S
  • Address - Street Name: Gainsborough
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Royal Oak
  • Carrier Code: C039
  • 4-Digit Zip Code: 2955
  • Zip Code: 48067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,010

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 74
  • Final Value: 377,162
  • High Value: 449,299
  • Low Value: 305,025

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $209,002
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 01, 2016
  • First Open Lien Mortgage Loan Amount: $209,002
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2046

    Market Valuation

  • Market Total Value: $232,660

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $116,330

    Sales

  • Current Sale Contract Date: Aug 09, 2017
  • Current Sale Recording Date: Aug 14, 2017
  • Current Sale Transaction ID: 1732633248
  • Current Sale Price: $263,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 152705
  • Previous Sale Recording Date: Jul 01, 2016
  • Previous Sale Contract Date: Jun 20, 2016
  • Previous Sale Amount: $220,002
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STAUNTON FINANCIAL INC
  • First Mortgage Transaction Date: Aug 14, 2017
  • First Mortgage Loan Amount: $249,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 01, 2016
  • Previous Mortgage Loan Amount: $209,002
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2046

About Royal Oak



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Frequently Asked Questions

What neighborhood is 203 South Gainsborough Avenue located in?
The 203 South Gainsborough Avenue is a located in the neighborhood of Royal Oak in Royal Oak, Royal Oak.
What is the average sales price for listings in 203 South Gainsborough Avenue?
The average sales price for units in 203 South Gainsborough Avenue is $0 currently.

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