Pending
503 Charlotte Avenue, Royal Oak, MI 48073
$375,000
MLS # 20261045265 (Realcomp)
3 beds2 baths1,587 sqftBuilt 19530.16 acres
1 / 26
Listing Description
Move-in ready brick ranch in Royal Oak! Well cared for home features updates including: remodeled full bathroom (2020), remodeled kitchen (2021), finished basement (2025), furnace and A/C (2025) and an almost completed full bathroom in basement (2026). Living room offers great natural light with a large bay window and includes an eat-in dining area right off the kitchen. Three bedrooms and one full bathroom are also on main floor. Head down to the finished basement to enjoy the additional living space and bar area, perfect for hosting friends and family. Additional full bathroom in basement is just needing your finishing touches! Spend time this summer relaxing in the backyard on the stamped concrete patio, with surrounding beautiful landscaping or take advantage of this great location nestled right between downtown Royal Oak and downtown Clawson and walking distance to Royal Oak High School!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,587 sq ft home built in 1953 sits in Royal Oak in Royal Oak.
Currently offered at $375,000 (about $236/sq ft).
Estimated annual property tax: $4,813, or about $401 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,587 sqft
Lot Size0.16 acres
Year Built1953
Stories1
Location
CityRoyal Oak
MunicipalityRoyal Oak City
Zip Code48073
CountyOakland
School DistrictCity of Royal Oak
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementPartial
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed6/18/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$4,485
State Equalized Value$129,040
Taxable Value$115,880
Parcel #2504406008
Source: Public Records
Legal Description
T1N, R11E, SEC 4 HARRY SLATKIN'S CITY PARK SUB W 21 FT OF LOT 298 & E 30 FT OF LOT 299
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Ezekiel Sobowale
Keller Williams Advantage
Frequently Asked Questions about 503 Charlotte Avenue, Royal Oak, MI 48073
What school district is 503 Charlotte Avenue, Royal Oak, MI 48073 in?
Per MLS# 20261045265, this property is served by City of Royal Oak. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261045265, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261045265, the most recent reported annual property tax for 503 Charlotte Avenue, Royal Oak, MI 48073 is $4,485. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 503 Charlotte Avenue, Royal Oak, MI 48073 eligible for USDA financing?
Per USDA Rural Development boundary data, 503 Charlotte Avenue, Royal Oak, MI 48073 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 503 Charlotte Avenue, Royal Oak, MI 48073 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$4,813
Monthly$401
Millage rate37.2947 mills
Municipality: CITY OF ROYAL OAK
School district: FERNDALE CITY SCHOOL DIST
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$2,833
Principal & interest$2,432
Property taxes$401
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
503 Charlotte Avenue, Royal Oak, MI 48073
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Municipality
Royal Oak
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County
Oakland County
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