Home for Sale at 432 S Washington Avenue, Royal Oak, MI 48067

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432 S Washington Avenue
Royal Oak, MI 48067

Christian J Grothe with Max Broock, REALTORS®-Birmingham, original listing - (248) 644-6700

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Property Details

List Price:	$1,050,000
Beds:	3
Baths:	Full: 3
Status:	Active
SqFt:	2312 Square Feet
Agency:	Max Broock, REALTORS®-Birmingham
Agency Phone:	(248) 644-6700

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Description/Comments

Lot Size:	0 sqft
Garage:	Garage
Property Type:	Residential-Condominium
Year Built:	2007
Notes:	Experience the epitome of luxury at The Fifth! This updated, Penthouse embodies sophistication with its expansive open layout and private balconies, providing an unparalleled vantage point for breathtaking sunrises and stunning panoramic views of the metro area including the iconic Detroit Skyline. The walls of windows infuse the space with natural light, beautifully highlighting the elegant hardwood floors and lofty ceilings throughout. Designed for the culinary enthusiast, the chef's kitchen is a masterpiece, featuring custom cabinetry, quartz countertops, premium stainless steel appliances, and a convenient bar seating area. The spacious primary suite includes a generous walk-in closet and an opulent bathroom, complete with a jetted tub, steam shower, and a double sink designer floating vanity. The second bedroom suite offers a private bath, while the third bedroom provides access to the second balcony, creating a serene retreat. Embrace the pinnacle of convenience with the Crestron home automation system, managing your blinds, lighting, temperature, and music with ease. Secure, heated garage parking for two vehicles is included, and residents benefit from doorman, on-site fitness center, and an array of shops and restaurants just steps away. Live the lifestyle you deserve at The Fifth.
MlsNumber:	--
ListingId:	20251021499

Listing Provided By:	Max Broock, REALTORS®-Birmingham, original listing
Phone:	(248) 644-6700
Office Phone:	(248) 644-6700
Agent Name:	Christian J Grothe
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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