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718 Irving Ave
Score
77
Royal Oak, MI

718 Irving Ave

549K
3 bd • 3 ba • 1,950 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

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Property Overview

List Price
$549,000
+53%vs 48067
Price/Sq.Ft
$282
+6%vs 48067
Above Estimated Range
29.2% above range

Current Price

$549,000

Estimated Range

$400,000 - $425,000

$549,000
Below Market-20%
Above Market+20%

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

Market Data Points

3 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)

$407,000
AI Success Estimate:High(65%)
*Entertainment only - actual results may vary*

AI Rationale

The offer reflects the fair market value adjusted for the unfinished basement ($15,000) and driveway resurfacing ($2,500). The property's updated condition and desirable location support the offer, while the market's transition phase suggests potential seller flexibility.

AI Analysis Score
77
81
Home Condition
80
Natural Light
77
Value
72
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

Pink Marble Countertop
Pink Marble Countertop

Pink Marble Countertop

Dated pink marble countertop in bathroom with worn vanity

Unfinished Basement
Unfinished Basement

Unfinished Basement

Unfinished basement with exposed ductwork and cluttered storage

Bathroom Finishes
Bathroom Finishes

Bathroom Finishes

Bathroom with brown tile flooring and dark vanity

Cracked Driveway
Cracked Driveway

Cracked Driveway

The driveway shows some cracking and wear, which could lead to further deterioration if not addressed.

Weathered Fence
Weathered Fence

Weathered Fence

The wooden fence appears weathered and could benefit from staining or replacement.

Dated Backsplash
Dated Backsplash

Dated Backsplash

The kitchen backsplash appears dated and clashes with the granite countertops.

Outdated Chandelier
Outdated Chandelier

Outdated Chandelier

The dining room chandelier is outdated and doesn't match the modern aesthetic of the rest of the house.

Ceiling Fan
Ceiling Fan

Ceiling Fan

Outdated ceiling fan with dark blades and light fixture

Second Bedroom
Second Bedroom

Second Bedroom

Second bedroom with basic carpet and flush mount light

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

Apr
2011
$270,000Cash Purchase
April 29, 2011
From:John Farhat Llc, John Farhat
To:Thomas Boettcher, Erica Boettcher
Warranty Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$549,000
-30%List: $549,000+30%
20%
$109,800of $549,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $2,306/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$146,660
Closing Costs
+$36,860
Down Payment
$109,800
Buyer Agent Fee
$14,000
Loan Fees
$4,392
Title & Escrow
$3,294
Inspections
$900
Transfer Tax
$6,039
Prepaid Expenses
$8,235

* 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
0 days
vs 34 day average
This is a new listing, 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
$549,000
Price/sqft
$282
Layout
3 bd3 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$538,167

2.0%

Your price is 2.0% above average

Median Price

$610,000

10.0%

Based on 6 recent sales

Price per Sq.Ft

$269

4.7%

Your price is 4.7% above average $/sqft

Comparable Properties

717 E 11 Mile Road, Royal Oak, MI 48067
Price: $495,000
Sq.Ft: 1,878
Beds/Baths: 2/3
$/Sq.Ft:
$2646.4%
Sale Date: 8/12/2025
1126 E Lincoln, Royal Oak, MI 48067
Price: $610,000
Sq.Ft: 1,800
Beds/Baths: 3/3
$/Sq.Ft:
$33920.4%
Sale Date: 7/24/2025
1120 Wyandotte Avenue, Royal Oak, MI 48067
Price: $660,000
Sq.Ft: 2,172
Beds/Baths: 3/3.1
$/Sq.Ft:
$3047.9%
Sale Date: 7/14/2025
209 Stonebrooke, Royal Oak, MI 48067
Price: $479,000
Sq.Ft: 2,062
Beds/Baths: 2/3
$/Sq.Ft:
$23217.5%
Sale Date: 6/2/2025
619 E Farnum Avenue, Royal Oak, MI 48067
Price: $610,000
Sq.Ft: 2,193
Beds/Baths: 2/3
$/Sq.Ft:
$2781.2%
Sale Date: 6/17/2025
607 S CONNECTICUT Avenue, Royal Oak, MI 48067
Price: $375,000
Sq.Ft: 1,881
Beds/Baths: N/A/3
$/Sq.Ft:
$19929.2%
Sale Date: 5/13/2025

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

Inspect the brick exterior for cracks, especially around windows and doors, and check the mortar for deterioration.

Thoroughly inspect the basement for signs of water damage, including stains, mold, or musty odors, especially given the 'minor' flood risk assessment.

Check the electrical panel for any signs of corrosion, loose wiring, or outdated components.

Educational Questions

Sample questions for educational purposes

Can you provide documentation for the age and condition of the roof? Has it been inspected recently?

What is the age of the furnace and air conditioning unit, and when were they last serviced?

Has a pest inspection been performed recently, and are there any known issues with termites or other pests?

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

Property Discussion

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