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406 Woodlawn Ave, Royal Oak, MI, 48073

2beds
2baths
1,746sqft
$299,900
$172price/sqft
$2,111/moest. monthly cost
$84,440/yrincome needed

About This Home

Great opportunity in the heart of Royal Oak! This home offers strong potential for buyers looking to renovate and add value. Featuring a functional layout and a nice-sized yard, this property is ideal for investors or buyers ready to customize a home to their liking. Located just minutes from downtown Royal Oak, parks, shopping, dining, and major expressways—don’t miss the chance to bring your vision to life in a highly desirable area!

Getting Around

59
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

9/10
7/10
Royal Oak Middle SchoolGrades 6-81.9 mi
9/10
Royal Oak High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1965

Materials

  • Foundation: Basement,Block
  • Roof: Asphalt
  • Construction materials: Aluminum Siding,Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished

Bedroom

  • Level: Entry
  • Area: 130
  • Dimensions: 13 X 10

Bedroom

  • Level: Entry
  • Area: 130
  • Dimensions: 13 X 10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 873
  • Finished area above ground: 873

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 1,746 sqft

Other

  • Level: Entry

Primary Bathroom

  • Level: Entry

Property

Details

  • Parcel number: 2503356008
  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevelwSteps
  • Pool features: None

Lot

  • Lot size: 7,840 sqft
  • Lot size dimensions: 50 x 161.32

Parking

  • Total spaces: 1
  • Parking features: One Car Garage,Attached,Direct Access,Electricityin Garage,Garage Faces Front,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Heat Wave
Ice Storm

FEMA Declared Disasters in Oakland County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,516$18,192
Home Insurance *$93$1,116
Property Taxes $312$3,744
Electricity $190$2,285
Total$2,111$25,332
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,377/yr
40% on housing$63,330/yr
45% on housing$56,293/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.2%
14.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$172This listing

vs Other Active Listings

Avg $/sqft

ZIP 48073$182
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48073$269
Oakland County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-17Listed for sale$310,000
2013-07-22Sold$139,000
2013-06-12Pending sale$139,000
2013-05-17Listed for sale$139,000
2009-04-29Sold$90,000
2008-09-28Listing removed$130,000
2008-05-25Price change$130,000
2008-03-15Listed for sale$138,900

For Sale by Agent

AgentCarvell C Wilkins
BrokerageCentury 21 Professionals Livonia

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