NOT LISTED FOR SALE

1423 E 5th St Royal Oak, MI 48067

Estimated Value: $392,322 - $441,000

3 Beds
2 Baths
1,200 Sq Ft
$345/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $380,000 $317 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,655/month

4 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Porch
  • Royal Oak High School Rated A-
  • 1.5 Car Detached Garage
  • 4-minute walk to VFW Park

About This Home

As of July 2022

Multiple Offers have been received And we are reviewing and accepting one. Charming updated bungalow in one of the most sought after areas in Royal Oak! Wonderful location within walking distance to several parks, restaurants, cultural activities, downtown Royal Oak, and the Farmers Market are all close by. I love the fireplace and the layout. What sets this home most apart from its peers is the private upstairs Primary Suite - it is a gorgeous oasis! The living room opens to updated kitchen with stainless steel appliances, and plenty of eating space. Recently updated finished basement currently used as a music studio; beautiful landscaped yard is perfect for entertaining. The newer roof and updated motherboard on the furnace add to your overall well-being and cost savings. This house is very pretty with a nice large front porch, very lovely yard and freshly painted interior. Lots of updating has been done and the location is top notch! Possession August 1st.

Last Agent to Sell the Property

Nancy Robinson

Real Broker Berkley License #6501293614 Listed on: 05/23/2022

Real Broker Berkley

Co-Listed By

Caren Goldstone

Real Broker Berkley License #6501330043

Last Buyer's Agent

Kevin Covey

RE/MAX Eclipse License #6501432624

RE/MAX Eclipse

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1941 | Remodeled in 2011

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 45.00x105.00
  • Fenced
  • Corner Lot

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,200 Sq Ft Home
  • 1.5-Story Property
  • Living Room with Fireplace
  • Partially Finished Basement

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1.5 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Exterior Lighting
  • Porch

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Sewer in Street
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Fourth Avenue Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2522236011
  • $2,500 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,839

Year Built

Built in 1941 | Remodeled in 2011

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1941
  • State Equalized Value: 127560.0000
  • Year Renovated: 2011
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Living Room
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave
  • Total Sq Ft: 1200

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Block
  • Porch Type: Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 1.5 Car
  • Garage Features: Electricity, Door Opener, Side Entrance, Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Wall Unit(s)
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • Lot Features: Corner Lot
  • Lot Size Area: 0.11
  • Lot Dimensions: 45.00X105.00
  • Parcel Number: 2522236011

Tax Info

  • Tax Amount Summer: 3873.0000
  • Tax Amount Winter: 966.0000
  • Total Tax: 4839.0000
  • Taxable Value: 121580.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2022
Closed on
Jul 8, 2022
Sold by
Hansen Katrina P and Emedan Yamil
Bought by
Brady Peter T and Bryan Alexa
Seller's Agent
Nancy Robinson
Real Broker Berkley
Buyer's Agent
Kevin Covey
RE/MAX Eclipse
List Price
$345,000
Sold Price
$380,000
Premium/Discount to List
$35,000
10.14%
Current Estimated Value
$414,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,331
Avg. Annual Appreciation
2.42%
Original Mortgage
$342,000
Outstanding Balance
$324,366
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$89,965

Purchase Details

Listed on
Apr 25, 2019
Closed on
Jun 21, 2019
Sold by
Moraghan Paul F
Bought by
Hamsen Katrina P and Joy Yamil D Emnerlan
Seller's Agent
Jerry Weaver
EXP Realty Main
Buyer's Agent
Nancy Robinson
Real Broker Berkley
List Price
$300,000
Sold Price
$287,000
Premium/Discount to List
-$13,000
-4.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%
Original Mortgage
$287,000
Interest Rate
4.81%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 28, 2018
Sold by
Moraghan Paul F
Bought by
Moraghan Paul F and Paul F Moraghan Living Trust

Purchase Details

Closed on
Sep 21, 2011
Sold by
John J Farhat Llc
Bought by
Moraghan Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2011
Sold by
Janis M Madigan Living Trust
Bought by
John Farhat Llc

Purchase Details

Closed on
Apr 14, 2007
Sold by
Madigan Janis M
Bought by
Madigan Janis M and Janis M Madigan Living Trust

Purchase Details

Closed on
Jul 7, 2000
Sold by
Madigan John H
Bought by
Madigan Janis M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brady Peter T $380,000 Title One
Hamsen Katrina P $287,000 None Available
Moraghan Paul F -- None Available
Moraghan Paul $199,000 None Available
John Farhat Llc $76,000 Title One Inc
Madigan Janis M -- None Available
Madigan Janis M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brady Peter T $342,000
Previous Owner Hamsen Katrina P $287,000
Previous Owner Moraghan Paul $159,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2022 07/08/22 Sold $380,000 +10.1% $317 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $345,000 +20.2% $288 / Sq Ft
06/21/2019 06/21/19 Sold $287,000 -1.0% $243 / Sq Ft View Prior Sale
05/12/2019 05/12/19 Pending -- -- --
05/03/2019 05/03/19 Price Changed $290,000 -3.3% $246 / Sq Ft
04/25/2019 04/25/19 For Sale $300,000 -- $254 / Sq Ft
Source: Realcomp

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
2025 $6,030 $175,350 $0 $0
2024 $4,590 $158,370 $0 $0
2022 $4,808 $133,630 $0 $0
2020 $4,816 $119,910 $0 $0
2018 $4,808 $101,780 $0 $0
2017 $3,417 $101,780 $0 $0
2015 -- $88,390 $0 $0
2014 -- $77,750 $0 $0
2011 -- $68,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220038032

Realcomp

APN: 25-22-236-011

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