$5,938 Closing Credit¹
#20240070577, Jim Shaffer, Listing Office: Good Company
$625,000 List price
513 E Farnum Ave Royal Oak, MI 48067
$7,422
Closing credit¹
4 beds
2 full, 1 partial
1,888 sqft
0.1 acres
$331 / sqft
House
Property details
About 513 E Farnum Ave
Welcome to one of the more unique properties in Royal Oak. 2 houses on 1 parcel. Live in the main home while renting or Airbnb your back house. Main house is a 4 bed 2.5 bath Colonial with a big front porch. The 2nd home in the back is a small 1 bed 1 bath home that's currently tenant occupied. Perfect location for an investor looking to add to their portfolio or any owner occupancy looking to house hack.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size1,888 sqft
BasementYes
Lot size0.15 Acres
Year built1925
ParkingNo Garage
MLS #20240070673
Summary
- MLS Number: 20240070673
- MLS Name: Realcomp II Ltd
- Office Name: Good Company
- Office Phone: (248) 733-5811
- Listing Agent: Jim Shaffer
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/9/2025, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$625,000
513 E Farnum Ave
$7,422
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $165,990 | $4,421 |
| 2020 | $126,230 | $4,363 |
| 2018 | $111,350 | $4,547 |
| 2017 | $111,350 | $4,187 |
History based on county public records data.
Nearby schools
6
Keller Elementary School
Public District KG-5
0.9 mi
•1505 N Campbell Rd
7
Northwood Elementary School
Public District KG-5
1.1 mi
•926 W 12 Mile Rd
6
Oakland Elementary School
Public District KG-5
1.5 mi
•2415 Brockton Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $98,438. Most Royal Oak, MI residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
7%
<35k
44%
35k-100k
39%
100k-200k
10%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
59%
Single, No Kids
6%
Single, with Kids
18%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
4%
12-17 yrs old
29%
18-34 yrs old
42%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Tennis
Hiking/backpacking- Men's Tennis
Where do the neighbors shop?
Crate & Barrel
Bloomingdales
Nordstrom Rack
Where do the neighbors go to eat?
Starbucks
The Cheesecake Factory
Boston Market
What do the neighbors drive?
BMW
Audi
Volvo
What do the neighbors listen to?
News
Alternative- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
New - 3 days on Rocket
$8,014 Closing Credit¹
#20250014847, Ryan Fagin, Listing Office: Real Broker LLC
$6,531 Closing Credit¹
#20240070396, Jim Shaffer, Listing Office: Good Company
Backup offers
$5,936 Closing Credit¹
#20250011585, Jim Shaffer, Listing Office: Good Company
$6,116 Closing Credit¹
#20240083017, Erica Fink, Listing Office: KW Metro
Backup offers
$5,807 Closing Credit¹
#20250010413, Sheel Sohal, Listing Office: KW Domain
Backup offers
$4,630 Closing Credit¹
#20250009721, Julie Dean, Listing Office: DOBI Real Estate
$4,453 Closing Credit¹
#20250010927, Robert Oswald, Listing Office: EXP Realty Main
Backup offers
$4,156 Closing Credit¹
#20250009006, Justin Woodbeck, Listing Office: Thrive Realty Company
New - 7 days on Rocket
$4,572 Closing Credit¹
#20250013426, Stephanie Janiga, Listing Office: Keller Williams Advantage
Frequently asked questions
Living in Royal Oak, MI
About 513 E Farnum Ave
This home is located at 513 E Farnum Ave in Royal Oak, MI and zip code 48067. This 1,888 square foot home, which was built in 1925, sits on a 0.15 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 23, 2024 and is currently priced at $625,000.
While more than 26 listings in Royal Oak, MI in February 2025 were sold above asking price, there were more than 13 listings sold at asking price, and more than 29 were sold below. In February 2025 in Royal Oak, MI there were 10.6% more homes for sale than in January. While the average time on the market in February 2025 was 34 days, the median list price was $345,391.
From Rocket Homes Real Estate and based on county public records data.