Home for Sale at 410 Crane Avenue, Royal Oak, MI 48067

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410 Crane Avenue
Royal Oak, MI 48067

Kimberly C Hosner with RE/MAX First, original listing - (248) 375-4000

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Property Details

List Price:	$995,000
Beds:	6
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	2742 Square Feet
Agency:	RE/MAX First
Agency Phone:	(248) 375-4000

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1917
Notes:	UNIMAGINABLE OPPORTUNITY! If your thinking about living in Royal Oak you cannot miss out on this EXTREMELY RARE PROPERTY! Over a half acre, tranquil dead end street, and walking distance to downtown RO! Serene setting with concrete fountain and huge deck w/ built in bar. Not only are the grounds spectacular it features a charming but updated nearly 3000 sq ft main house, a licensed over 1000 sq ft totally remodeled carriage house w/ attached garage and a massive 4 car garage built in 1990 with an 1200 sq ft huge loft perfect for a studio and/or entertaining. The first floor rooms and primary bdrm are massive. All windows have been replaced with Anderson & vinyl to keep the timeless charm. All baths completely renovated & marble lav. Refinished hardwood floors throughout. Primary bdrm w/ large wic, crown molding, recessed lighting, and balcony over looking the grounds. Charming slate sitting area with fp centered between built ins with leaded glass doors. Huge 4 season front porch. Carriage house features a newer roof, furnace, & ac. Also, remodeled with refinished pine floors, new cabinets & quartz counters, and newer carpet. Carriage house & garage loft included in main house dimensions. All appls included in house & carriage house.
MlsNumber:	--
ListingId:	20251044877

Listing Provided By:	RE/MAX First, original listing
Phone:	(248) 408-5677
Office Phone:	(248) 375-4000
Agent Name:	Kimberly C Hosner
Disclaimer:	Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

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Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.