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3551 W Forteen Mile Rd APT 2, Royal Oak, MI, 48073

1beds
1baths
837sqft
$137,500
$164price/sqft
$1,068/moest. monthly cost
$42,720/yrincome needed

About This Home

Great to live in or as an investment property! This 1st floor unit has an open layout & nicely updated kitchen with granite counters, lots of storage and maple cabinets. Dedicated dining area w/small built in cabinet and serving space. The Living Room is large and has a door-wall leading to a private balcony facing the courtyard. The primary bedroom fits a king size bed and has big closets. The updated bathroom is spacious and clean. The in unit laundry (stackable washer/dryer) is a nice convenience! Condo has Central Air, a Car Port and a balcony for seating and BBQ. Condo complex has only 8 Units. Lots of storage in the common basement. $400/ mo. HOA fee covers: Water, gas, trash service, snow removal and lawn care. New roof was covered 100% by HOA reserves. There are 3 more units available if interested (the others are currently tenant occupied). Ask listing Agents for more details.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
59
BikeBikeable

Schools

7/10
Royal Oak Middle SchoolGrades 6-83.3 mi
9/10
Royal Oak High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1971

Materials

  • Foundation: Basement,Block
  • Roof: Asphalt
  • Construction materials: Block

Type & Style

  • Home type: Condo
  • Architectural style: Common Entry Building,End Unit,Ranch
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Free Standing Electric Range,Free Standing Refrigerator,Washer Dryer Stacked
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Common,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Entry
  • Area: 90
  • Dimensions: 10 X 9

Features

  • Finished area above ground: 837

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Ceiling Fans

Interior Area

  • Total interior livable area: 837 sqft

Kitchen

  • Level: Entry
  • Area: 216
  • Dimensions: 18 X 12

Living Room

  • Level: Entry
  • Area: 231
  • Dimensions: 21 X 11

Other

  • Level: Entry

Primary Bedroom

  • Level: Entry
  • Area: 168
  • Dimensions: 14 X 12

Property

Details

  • Parcel number: 2506226027
  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevelwSteps
  • Patio & porch: Deck
  • Exterior features: Balcony,Grounds Maintenance

Parking

  • Parking features: Assigned 1 Space,No Garage,Carport
  • Carport: Yes

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 WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado

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 $695$8,340
Home Insurance *$42$504
Property Taxes $143$1,716
Electricity $188$2,259
Total$1,068$12,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$36,617/yr
40% on housing$32,040/yr
45% on housing$28,480/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

$164This listing

vs Other Active Listings

Avg $/sqft

ZIP 48073$184
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
2026-07-08Listed for sale$137,500
2024-05-23Listing removed--
2024-05-15Listed for rent$1,500
2023-07-02Listing removed--
2023-05-10Listed for rent$1,500
2023-05-02Listing removed--
2023-04-08Price change$1,350
2023-04-03Price change$1,425
2023-03-11Listed for rent$1,500
2022-07-25Listing removed--
2022-07-16Price change$1,350
2022-07-04Price change$1,445
2022-06-11Listed for rent$1,500
2021-05-17Listing removed--
2021-05-06Price change$1,350
2021-04-30Listed for rent$1,400
2018-10-31Sold$78,000
2011-08-31Sold$93,766
2006-05-02Sold$119,990

For Sale by Agent

AgentTiffany V Glime
BrokerageThe Agency Hall & Hunter

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