masterkey logo
502 W Harrison Ave
Score
80
Royal Oak, MI

502 W Harrison Ave

650K
4 bd • 2 ba • 2,552 sf

This analysis was generated on 8/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00

Property Overview

List Price
$649,900
+81%vs 48067
Price/Sq.Ft
$255
-4%vs 48067
Above Estimated Range
26.2% above range

Current Price

$649,900

Estimated Range

$505,000 - $515,000

$649,900
Below Market-20%
Above Market+20%

*AI analysis for entertainment only - not professional appraisal. Consult licensed professionals for property valuations.*

Market Data Points

4 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

AI Suggested Range (Entertainment Only)

$510,000
AI Success Estimate:Very Low(0.65%)
*Entertainment only - actual results may vary*

AI Rationale

Reflects necessary renovations and market conditions. The quick sale suggests seller confidence, but highlighting needed investments can negotiate a fair price.

AI Analysis Score
80
78
Home Condition
78
Natural Light
83
Value
78
Location

*AI scoring for entertainment purposes only. Scores are subjective and not professional evaluations. Consult professionals for property assessments.*

Visual Insights

AI-analyzed spaces with reimagining capabilities

Green Tile Backsplash
Green Tile Backsplash

Green Tile Backsplash

The green tile backsplash in the kitchen appears dated and may not appeal to all buyers.

Exterior Paint Color
Exterior Paint Color

Exterior Paint Color

The green exterior paint color appears dated and may not appeal to all buyers.

Porch Ceiling
Porch Ceiling

Porch Ceiling

The wood ceiling on the porch, while potentially charming, may require ongoing maintenance to prevent rot or insect damage.

Unfinished Basement
Unfinished Basement

Unfinished Basement

The basement is unfinished with exposed pipes and a basic concrete floor. This limits its usability and aesthetic appeal.

Black Radiator
Black Radiator

Black Radiator

The black radiator in the sunroom is functional but visually obtrusive and could be updated.

Dining Room Chandelier
Dining Room Chandelier

Dining Room Chandelier

The dining room chandelier is outdated and doesn't match the style of the rest of the house.

Dated Exterior Paint Color
Dated Exterior Paint Color

Dated Exterior Paint Color

The exterior paint color is somewhat dated and may not appeal to all buyers. A fresh coat of paint in a more neutral tone could improve curb appeal.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

May
2025
$0Cash Purchase
May 13, 2025
From:Tyler Homan, Danger Knitz
To:Holman Khitz Trust
Intrafamily Transfer
Non-Arm's Length Transactions

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$649,900
-30%List: $649,900+30%
20%
$129,980of $649,900
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $2,730/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$173,449
Closing Costs
+$43,469
Down Payment
$129,980
Buyer Agent Fee
$16,572
Loan Fees
$5,199
Title & Escrow
$3,900
Inspections
$900
Transfer Tax
$7,149
Prepaid Expenses
$9,749

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Data Buyer Power
Market Speed
1 days
vs 34 day average
This home has been listed for 1 days, while homes in this area typically sell in 34 days
Inventory Health
105
homes for sale
47 homes sold last month, indicating 2.2x more supply than demand
Price Dynamics
100.4%
of asking price
Homes typically sell for 0.4% above asking price

*Market analysis for entertainment purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$369,300
Current median price
+2.9%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests growth
Prices are up 2.6% over the last 3 months
3 Months
+2.6%
6 Months
+3.1%
1 Year
+2.9%

*Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.*

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market decreasing 41.4% over the past 3 months suggests stronger seller position.

Historical Comparison
Current Value
$369,300
3 Months Ago
$260,000
+42.0%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$649,900
Price/sqft
$255
Layout
4 bd2 ba
Days on market
1 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$625,833

3.8%

Your price is 3.8% above average

Median Price

$670,000

3.0%

Based on 6 recent sales

Price per Sq.Ft

$260

2.1%

Your price is 2.1% below average $/sqft

Comparable Properties

13 Elm Park Boulevard, Pleasant Ridge, MI 48069
Price: $670,000
Sq.Ft: 2,483
Beds/Baths: 4/2
$/Sq.Ft:
$2706.0%
Sale Date: 7/25/2025
902 E 6th Street, Royal Oak, MI 48067
Price: $600,000
Sq.Ft: 2,456
Beds/Baths: 3/2
$/Sq.Ft:
$2444.1%
Sale Date: 7/8/2025
25695 York Road, Royal Oak, MI 48067
Price: $572,000
Sq.Ft: 2,470
Beds/Baths: 4/2.1
$/Sq.Ft:
$2329.1%
Sale Date: 6/13/2025
607 E LINCOLN Avenue, Royal Oak, MI 48067
Price: $415,000
Sq.Ft: 2,687
Beds/Baths: 3/2
$/Sq.Ft:
$15439.4%
Sale Date: 5/19/2025
520 Kayser Avenue, Royal Oak, MI 48067
Price: $723,000
Sq.Ft: 2,200
Beds/Baths: 4/2
$/Sq.Ft:
$32929.0%
Sale Date: 5/28/2025
1407 CHEROKEE Avenue, Royal Oak, MI 48067
Price: $775,000
Sq.Ft: 2,320
Beds/Baths: 3/2
$/Sq.Ft:
$33431.2%
Sale Date: 5/7/2025

Schools

Details about nearby schools in this area

Neighborhood Mobility

How easily you can get around with or without a car

Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 1 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Educational Tour Ideas

Educational suggestions for property tours

Thoroughly inspect the basement for any signs of water intrusion, even with the 'waterproof system'. Look for dampness, musty odors, or efflorescence on the walls.

Test all Bosch appliances in the kitchen to ensure they are functioning correctly, including the built-in gas range, dishwasher, disposal, microwave, and range hood.

Check the Unico central air system (installed in 2024) for proper airflow in all rooms and listen for any unusual noises during operation.

Inspect the electrical panel for proper labeling and sufficient amperage for modern appliances and usage. Look for any signs of overheating or corrosion.

Educational Questions

Sample questions for educational purposes

Can you provide documentation for the 'waterproof system' installed in the basement, including the warranty and any maintenance records?

What specific permits were obtained for the 'quality period sensitive renovation', and can you provide copies of the approved plans?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow listing.

Free Analysis
AI-Powered Insights
Instant Results