Home for Sale at 624 S VERMONT Avenue, Royal Oak, MI 48067

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624 S Vermont Avenue
Royal Oak, MI 48067

Erick Monzo with Keller Williams Realty-Great Lakes, original listing - (586) 541-4000

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Property Details

List Price:	$1,099,000
Beds:	4
Baths:	Full: 4, ½: 1
Status:	Active
SqFt:	2878 Square Feet
Agency:	Keller Williams Realty-Great Lakes
Agency Phone:	(586) 541-4000

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2025
Notes:	Presented by 4th Dimension Development this under construction (complete May 2025) 2878 Sq foot home contains 4(5) bedrooms and 4.5 bathrooms. This modern home is on a 136-foot-deep lot in a very desirable area of Royal Oak, 15-minute walk or short bike ride downtown and close to all the major roads and expressways. The first level features nine-foot ceilings with engineered hardwood floors throughout. The open-living concept seamlessly integrates the kitchen with a walk-in pantry, dining and living area into a large open inviting space. The kitchen has shaker cabinets, a large island and premium appliances. The lower level also contains a large office, mud and powder rooms with plenty of closet space. The second level has 4 bedrooms– the large primary suite with closet and luxury spa like bath area will impress. There is a second junior suite as well as two additional bedrooms, a common bath and a laundry room. The lower level is finished, carpeted with a 5th bedroom, full bathroom, two storage areas and a large open space for entertainment. The tandem garage provides plenty of room for two vehicles and an additional storage area. The deep backyard provides plenty of room to make a family oasis of your dreams. The home can only be seen by appointment only. Contact John Hawthorne directly to schedule a time to see the home.
MlsNumber:	--
ListingId:	20250009457

Listing Provided By:	Keller Williams Realty-Great Lakes, original listing
Phone:	(586) 210-3350
Office Phone:	(586) 541-4000
Agent Name:	Erick Monzo
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.

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