CMA — 2009 Linwood Avenue — Thomas Lower

REALTEAMREAL ESTATE
Thomas Lower

Thomas Lower
REALTEAM Real Estate · (616) 890-3087 · tom@mirealteam.com
PRELIMINARY — automatically generated comparative market analysis. Reply to Logan to revise or remove this page.
Comparative Market Analysis · Appraiser-Style Methodology · Prepared July 2026
2009 Linwood Avenue▤ View all 12 photos

2009 Linwood Avenue

Royal Oak, MI 48073 3869 · Northwood · Royal Oak Neighborhood Schools
Opinion of Market Value
$525,000 – $687,500
Most probable price ≈ $585,000 · 78% confidence · balanced market
Pricing Strategy

Four Ways to Price It

A single number hides the strategy. In a market absorbing inventory in 4.6 months at 101.1% of list, here is the full ladder — priced so the home lists strong and never leaves money on the table.

Conservative
$525,000
Quick, near-certain sale
Market Value
$585,000
Most probable sale price
Strategic List Price
$585,000
List here — priced to the market
Aspirational
$687,500
Tests the top of the comp support
The Subject Property

A Northwood Colonial

A 1964 colonial in Royal Oak’s Northwood — 1,981 sq ft above grade plus a ~800 sq ft finished basement, 4 bedrooms, 3 baths, and a 2-car garage on a 0.16 acre lot. Located in one of Royal Oak’s most desirable areas, 2009 Linwood Ave offers the kind of neighborhood lifestyle buyers are looking for, with convenient access to Downtown Royal Oak, local restaurants, shopping, coffee sho (per the MLS listing.)

Style
Colonial
Subdivision
Northwood
Schools
Royal Oak Neighborhood Schools
Bedrooms
4
Bathrooms
3
Above-Grade Living Area
1,981 sqft
Finished Basement
~800 sqft
Garage
2-car
Year Built
1964
Lot
0.16 ac
Last Sale
Pending at $399,000
Updates
Not stated in MLS record
Photos · select any to view all 12
Market Conditions

Balanced Market

The subject’s segment (Royal Oak 48073 3869, 1,584–2,377 sq ft) is absorbing inventory in 4.6 months, with a median 6-day market time, with homes closing at 101.1% of list. This reads as a balanced market, which the pricing below reflects.

4.6
Months of Inventory
6 days
Median Days on Market
101%
Sale-to-List
Comparable Sales · MiRealSource MLS

The Comparables

Comps were selected by subdivision first, then adjacent neighborhoods within the same schools, held to ±20% of the home’s above-grade size and the last six months. Each is scored 0–100 (location, size, age, style, lot, condition, amenities); anything under 70 is set aside. Select any home to see every MLS photo.

1012 W 12 Mile Road, Royal Oak▤ 12 photos89/100
COMP 1 · SOLD 2026-06-18

1012 W 12 Mile Road, Royal Oak

$365,000
4 bd · 3 ba · 1,938 sqft above grade (+476 bsmt) · 2-car · built 1947 · Northwoodno 2
$188/sqft · suggests $395,951 · weight 34%
Same subdivision · view all 12 photos
1700 Linwood Avenue, Royal Oak▤ 12 photos84/100
COMP 2 · SOLD 2026-06-24

1700 Linwood Avenue, Royal Oak

$470,000
4 bd · 2 ba · 1,975 sqft above grade (+800 bsmt) · 2-car · built 1938 · Hampshire Blvd
$238/sqft · suggests $491,580 · weight 24%
Same street, same subdivision — direct evidence · view all 12 photos
1916 Bonnieview Drive, Royal Oak▤ 12 photos81/100
COMP 3 · SOLD 2026-06-29

1916 Bonnieview Drive, Royal Oak

$550,000
3 bd · 2 ba · 1,780 sqft above grade (+450 bsmt) · 2-car · built 1940 · Northwoodno 5
$309/sqft · suggests $609,330 · weight 18%
Same subdivision · view all 12 photos
1917 Clawson Avenue, Royal Oak▤ 12 photos76/100
COMP 4 · SOLD 2026-07-28

1917 Clawson Avenue, Royal Oak

$550,000
4 bd · 3 ba · 1,950 sqft above grade (+0 bsmt) · 2-car · built 1922 · Northwood
$282/sqft · suggests $605,030 · weight 10%
Same subdivision · view all 12 photos
818 Mohawk Avenue, Royal Oak▤ 12 photos73/100
COMP 5 · SOLD 2026-07-27

818 Mohawk Avenue, Royal Oak

$730,000
4 bd · 4 ba · 2,000 sqft above grade (+900 bsmt) · 2-car · built 1922 · Lincoln View
$365/sqft · suggests $750,330 · weight 7%
Near-identical size — a tight match · view all 12 photos
917 Maplegrove Avenue, Royal Oak▤ 12 photos73/100
COMP 6 · SOLD 2026-05-29

917 Maplegrove Avenue, Royal Oak

$675,000
4 bd · 3 ba · 1,850 sqft above grade (+300 bsmt) · 2-car · built 1925 · Maple Grove
$365/sqft · suggests $730,030 · weight 7%
0.84 mi away in Maple Grove · view all 12 photos
Adjustments & Weighting

Appraiser-Style Reconciliation

Each comparable’s sold price is adjusted to your home — living area (marginal $130/sqft), finished basement ($40/sqft), garage ($8,000/bay), lot, age/condition, and location — then weighted by similarity rather than averaged.

Comparable Sold Price Living Area Basement Garage Lot Age/Condition Location Adjusted Value Weight
1012 W 12 Mile Road $365,000 +$5,590 +$12,960 +$0 −$1,199 +$13,600 +$0 $395,951 34%
1700 Linwood Avenue $470,000 +$780 +$0 +$0 +$0 +$20,800 +$0 $491,580 24%
1916 Bonnieview Drive $550,000 +$26,130 +$14,000 +$0 +$0 +$19,200 +$0 $609,330 18%
1917 Clawson Avenue $550,000 +$4,030 +$32,000 +$0 −$6,000 +$25,000 +$0 $605,030 10%
818 Mohawk Avenue $730,000 −$2,470 −$4,000 +$0 +$1,800 +$25,000 +$0 $750,330 7%
917 Maplegrove Avenue $675,000 +$17,030 +$20,000 +$0 +$3,000 +$25,000 −$10,000 $730,030 7%

How to read this: each adjustment adds or subtracts what a difference is worth (a comp with a bigger basement than yours is adjusted down, and vice versa). “Adjusted Value” is what that sale suggests your home is worth. “Weight” is how strongly that comp counts toward the final opinion — the closest matches count most.

1012 W 12 Mile Road (sold $365,000) adjusts to $395,951 and carries 34% weight. 1700 Linwood Avenue (sold $470,000) adjusts to $491,580 and carries 24% weight. 3 comparable(s) inside Northwood anchor the value directly. Reconciled and weighted by similarity — not averaged — the evidence centers on $526,080; positioned for the balanced market, the opinion of value is $585,000.

Weighted indicated value $526,080 → opinion of value $585,000
Active Competition & Pending Sales

What Buyers Are Choosing From

On the market now (60)
$950,0001484 Bird Avenue2,354 sf · 26 days
$949,900432 S Washington Avenue # 17012,312 sf · 56 days
$899,9001339 E 14 Mile Road2,221 sf · 57 days
$874,90010810 Hart Avenue2,122 sf · 5 days
Under contract (32)
$1,050,0001263 Davis Avenue2,358 sf · 5 days
$799,0003712 Elmhurst Avenue2,286 sf · 4 days
$760,558917 Kenwood Street2,092 sf · 122 days
$750,0001427 N Maple Avenue2,195 sf · 12 days

Right now buyers in this size band are choosing from asks of $874,900–$950,000 and pending contracts cluster $750,000–$1,050,000 — measured against that, the opinion of value holds.

Confidence

78% Confidence

  • 78 qualified sales in the segment in six months — a deep comp pool.
  • 3 comparables inside the subject’s own subdivision bracket the value directly.
  • Strong pending support: 32 homes under contract in the segment.
  • Held below 100% because the subject’s current interior condition isn’t independently verified.
What Your Numbers Say

Where You Stand

  • 3 recent sale(s) inside Northwood anchor your value directly.
  • Homes like yours are selling in about 6 days.
  • Only 60 comparable homes are on the market — limited competition favors you.
  • The finished basement is a genuine differentiator buyers pay for.
Key Assumptions & Risks to Value
Assumptions
  • Above-grade living area of 1,981 sq ft per the MLS record; finished basement ~800 sq ft.
  • Interior condition assumed consistent with the most recent listing record — a current walkthrough may adjust value up or down.
  • No unpermitted additions or major deferred systems beyond normal age.
Risks
  • If interior condition lags the comparables, value trends toward the $525,000 conservative figure.
  • A rate move could shift the buyer pool this analysis is priced against.
Thomas Lower

Thomas Lower
REALTEAM Real Estate
(616) 890-3087 · tom@mirealteam.com
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Prepared by Thomas Lower, REALTEAM Real Estate, July 2026, using the Logan CMA Framework (USPAP-inspired). Data: MiRealSource / Realcomp MLS + public records. Square footage is above-grade finished area; basements shown separately. Subject photos are from the prior MLS listing; comparable photos are current MLS listing photos. This is a broker opinion of value for marketing purposes, not an appraisal. Equal Housing Opportunity.