Property Details
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This charming property is situated at 920 East Lincoln AVE in the desirable Lincoln View subdivision of Royal Oak, MI. Built in 1925, this residential property features a cozy home with 2 bedrooms, 2 bathrooms, and 4 rooms in a one-story layout. It also boasts a spacious 576 sq ft garage and a lot size of 5968 sq ft. The property underwent a sale in 2014 for $142,500, and its assessed value is $83,630 with a market value of $167,260. Its tax legal information includes being in T1N, R11E, SEC 22 and is lot 3 of Lincoln View subdivision with a 1/2 vacated alley adjacent to it.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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