NOT LISTED FOR SALE

1008 E 5th St Royal Oak, MI 48067

Estimated Value: $460,000 - $474,899

3 Beds
2.5 Baths
1,407 Sq Ft
$331/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $410,000 $291 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,963/month

9 Days on Market

Highlights

  • Colonial Architecture
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • No HOA
  • Porch
  • 3-minute walk to Grant Park

About This Home

As of May 2022

Rare opportunity to own a charming 3-bedroom colonial with finished basement on an oversized lot, just a short walk to downtown Royal Oak. As you walk through the front door, you'll be taken aback by the gorgeous living room with large windows, original fireplace, built-in cabinetry, moldings and beautifully refinished hardwood floors. Large bright kitchen and dining room. The second level is equally as impressive with large bedrooms, featuring tall windows and walk-in closets. The recently remodeled basement is the perfect place to relax or set up your home office. Complete with custom wide plank flooring and expertly designed full luxury bath you’ll never want to leave. Saving the best for last, you'll fall in love with the backyard sanctuary. Walk out the new French doors to your large patio and look up at the stunning oak trees. Truly one of the best lots you'll find in downtown Royal Oak. Come see it now before its gone! BATVAI.

Last Agent to Sell the Property

Chris Stefanopoulos

Max Broock, REALTORS®-Bloomfield Hills License #6501430968 Listed on: 04/29/2022

Max Broock, REALTORS®-Bloomfield Hills

Last Buyer's Agent

Laura Garcia

Coldwell Banker Professionals Birm License #6501414348

Coldwell Banker Professionals Birm

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1937 | Remodeled in 2021

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60.00x143.00
  • Fenced

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,407 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Finished Basement

Kitchen

  • Free-Standing Electric Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Porch
  • Ground Level

Community Details

  • No Home Owners Association
  • Watch Farm Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2522252002
  • $300 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,536

Year Built

Built in 1937 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1937
  • State Equalized Value: 139120.0000
  • Year Renovated: 2021
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Humidifier
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Family Room
  • Room Count: 10
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 2057
  • Sq Ft Lower Floor: 650
  • Total Sq Ft: 1407
  • Sq Ft Total Bsmt: 700

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Porch Type: Porch
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Electricity, Door Opener, Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Royal Oak

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.20
  • Lot Dimensions: 60.00X143.00
  • Parcel Number: 2522252002

Tax Info

  • Tax Amount Summer: 4431.0000
  • Tax Amount Winter: 1105.0000
  • Total Tax: 5536.0000
  • Taxable Value: 139120.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
May 27, 2022
Sold by
Famely and Whitney
Bought by
Kruse Christopher James and Kruse Erin
Seller's Agent
Chris Stefanopoulos
Max Broock, REALTORS®-Bloomfield Hills
Buyer's Agent
Laura Garcia
Coldwell Banker Professionals Birm
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%
Current Estimated Value
$465,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,475
Avg. Annual Appreciation
2.89%
Original Mortgage
$389,500
Outstanding Balance
$372,733
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$76,355

Purchase Details

Listed on
Sep 26, 2019
Closed on
Jan 3, 2020
Sold by
Dressler David L and Dressler Patricia A
Bought by
Famely Gregg and Famely Whitney
Seller's Agent
Gregory Morad
GEM Realty & Development
Buyer's Agent
Corey Stanton
Stanton & Associates-Realtors
List Price
$324,000
Sold Price
$305,000
Premium/Discount to List
-$19,000
-5.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.12%
Original Mortgage
$274,500
Interest Rate
3.6%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kruse Christopher James $410,000 None Listed On Document
Famely Gregg $305,000 Reputation First Ttl Agcy Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kruse Christopher James $389,500
Previous Owner Famely Gregg $270,000
Previous Owner Famely Gregg $274,500
Previous Owner Dressler David L $113,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $410,000 +2.8% $291 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $399,000 +30.8% $284 / Sq Ft
01/03/2020 01/03/20 Sold $305,000 -2.9% $217 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
10/30/2019 10/30/19 Price Changed $314,000 -3.1% $223 / Sq Ft
09/26/2019 09/26/19 For Sale $324,000 -- $230 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,128 $182,660 $0 $0
2022 $5,501 $147,160 $0 $0
2020 $4,971 $121,370 $0 $0
2018 $5,501 $107,690 $0 $0
2017 $2,836 $107,690 $0 $0
2015 -- $90,440 $0 $0
2014 -- $77,080 $0 $0
2011 -- $76,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220031126

Realcomp

APN: 25-22-252-002