Back 492 Cambridge Road
Off Market

492 Cambridge Road

Royal Oak MI 48067

2
2002 sq. ft.
0.11 ac.
Multi-Family
Last sold for $334,900
Brian CarolanBrian Carolan, last sold this property on 30 September 2021 after 0 days on market.

Overview

Excellent investment opportunity! Put your money to work with this well maintained Royal Oak duplex - each unit has 2 bedrooms; 1st floor unit has possibility for 3rd bedroom. Basement is shared by tenants. Separate furnaces, central air units, gas and electric meters. Owner pays water. Updated roof, windows and siding. Exposed hardwood floors throughout. Great location along Woodward - short distance to downtown. House is in great shape. Tenants are on month-to-month leases. Please allow advance notice for showings. *Must wear mask while inside home*.

Features

2 bathrooms
2002 sq. ft. floor area
0.11 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Royal Oak over the last 12 months, the estimated median property value of 492 Cambridge Road is $478k.

Median value
$478k
Estimated value range
$319k - $1.35m
Median days on market
15
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Royal Oak. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 492 Cambridge Road

2021
Sold
$334,900
Private Sale/Treaty on 30 Sep 2021 by Brian Carolan, of Coldwell Banker Realty-Bir

Happy sellers in Royal Oak

94%
94% of sellers in Royal Oak reported that their sale price either exceeded or met their price expectations.

Royal Oak stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Royal Oak over the last 12 months.

Local market activity for multi families in Royal Oak

In the last 12 months, 11 multi families similar to 492 Cambridge Road, have been sold.

This represents a 10% decrease in multi families sales when compared to the previous 12 months.

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