Back 502 East Lincoln Avenue
Off Market

502 East Lincoln Avenue

Royal Oak MI 48067

3
2462 sq. ft.
Multi-Family
Last sold for $360,000
Brandon CurryBrandon Curry, last sold this property on 26 April 2021 after -18 days on market.

Overview

PRIME INVESTMENT, PRIME LOCATION!!! Classic oversized arts and crafts home oozing with character and located on a corner lot. Spacious entry level with natural fireplace and original hardwood floors throughout. Large dining room and expansive kitchen with tons of natural light. Beautiful covered front porch for relaxing in summer. Three bedrooms are located on the main floor and one bedroom is located in the recently renovated upstairs. Upper level plumbed for washer/dryer and kitchen. Full bath on each level. Large 2 car garage. Walking distance to downtown Royal Oak. Could easily be converted to single family residence. Basement has full bath as well. Priced to sell, this home is a money maker and won?t last long! Property currently listed as single family per owners needs. Easily can stay single family as well for large unique home with upper loft office.

Features

3 bathrooms
2462 sq. ft. floor area
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 502 East Lincoln Avenue is $420k.

Median value
$420k
Estimated value range
$319k - $1.35m
Median days on market
15
Estimated value trend
-8%
decrease 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 502 East Lincoln Avenue

2021
Sold
$360,000
26 Apr 2021 by Brandon Curry, of Signature Sotheby's International Realty Bham
2016
Sold
$225,000
28 Jan 2016 by Tony Tran, of Skyward Real Estate

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, 13 multi families similar to 502 East Lincoln Avenue, have been sold.

This represents a 9% decrease in multi families sales when compared to the previous 12 months.

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