NOT LISTED FOR SALE

1503 E 5th St Royal Oak, MI 48067

Estimated Value: $354,000 - $395,836

2 Beds
2 Baths
1,922 Sq Ft
$195/Sq Ft Est. Value

Last Sold July 10, 2015

Last sale price $227,000 $118 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,313/month

5 Days on Market

Highlights

  • Spa
  • Ranch Style House
  • Corner Lot
  • Royal Oak High School Rated 9+
  • Wood Flooring
  • 4-minute walk to VFW Park

About This Home

As of July 2015

Close to downtown 2 bedroom 2 bathroom ranch in Royal Oak! Updated kitchen features maple cabinets, granite counters, ceramic tile floor, updated lighting, and new stainless steel appliances. Living room and dining room feature recessed lighting and hardwood floors. Master Suite has hardwood floors, and updated master bathroom with walk in closet, ceramic tile floor and stall shower. Family bath also updated with ceramic tile floor and tub back splash, and newer vanity. Home also has a fully finished basement featuring a granite bar, ceramic tile flooring, and full bathroom. The furnace is newer, there is a 1 car garage with opener, and backyard/patio great for entertaining. The hot tub is not included but is negotiable.

Last Agent to Sell the Property

Stacy Peardon

Epique Inc. License #MISPE-6501281347 Listed on: 06/04/2015

Epique Inc.

Last Buyer's Agent

Christina Gennari

Live Well Real Estate LLC License #MISPE-6502364487

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1949

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x105
  • Fenced Yard
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Finished Basement
  • Sump Pump

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 25-22-237-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,264

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL CONDO
  • Type Of Property: Residential
  • Architecture Style: Ranch
  • Structure Style: 1 Story
  • Total Tax Amount: 3264
  • Total Tax Year: 2014
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cable/Internet Avail., Ceramic Floors, Hardwood Floors, Sump Pump, Walk-In Closet
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: Finished
  • Bedrooms: 2
  • Bedroom 1: On Entry Level, Dimensions: 14 x 11
  • Bedroom 2: On Entry Level, Dimensions: 9 x 9
  • Bathrooms Description: Basement Full Bath, MstrBdrm Full Bathroom
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Below Grade Bathroom: 1
  • Dining Room: On Entry Level, Dimensions: 8 x 10
  • Kitchen: On Entry Level, Dimensions: 13 x 11
  • Living Room: On Entry Level, Dimensions: 11 x 14
  • Below Grade Sq Ft: 924
  • Finished Below Grade Sq Ft: 831
  • Above Grade Finished Sq Ft: 1091
  • Total Finished Sq Ft: 1922

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Features: Fenced Yard, Patio, Porch, Sidewalks, Spa/Hot Tub
  • Foundation: Basement
  • Frontage: 50
  • Road: Paved Street

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1
  • Parking: Garage
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Assessor Parcel Number: 25-22-237-007
  • Zoning: Residential
  • Location: Corner Lot
  • Lot Dimensions: 50X105
  • Acreage: 0.12
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2014, Amount: $2,628.00
  • Winter Tax: Year: 2014, Amount: $636.00
  • Total Tax: Year: 2014, Amount: $3,264.00
  • SEV Year: 2014

MLS Schools

  • School District: Royal Oak Neighborhood Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2015
Closed on
Jul 10, 2015
Sold by
Kupcak Kenneth M
Bought by
Kama Nadia
Seller's Agent
Stacy Peardon
Epique Inc.
Buyer's Agent
Christina Gennari
Live Well Real Estate LLC
List Price
$225,000
Sold Price
$227,000
Premium/Discount to List
$2,000
0.89%
Current Estimated Value
$374,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,709
Avg. Annual Appreciation
4.98%
Original Mortgage
$181,600
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 28, 2013
Closed on
Dec 6, 2013
Sold by
Lamb Brian J and Lamb Dana
Bought by
Kupeak Kenneth M
Seller's Agent
Donna Bousson
Century 21 Curran & Oberski
Buyer's Agent
Kathleen Garden
Temporary Inactive Users
List Price
$195,000
Sold Price
$191,000
Premium/Discount to List
-$4,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.55%
Original Mortgage
$10,000
Interest Rate
4.42%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 16, 2010
Sold by
Lamb Brian J
Bought by
Lamb Brian J and Lamb Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2004
Sold by
Steen Craig G and Donakowski Donna J
Bought by
Lamb Brian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,100
Interest Rate
5.91%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 10, 1994
Sold by
Strand Mark C
Bought by
Steen Craig and Donakowski Donna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,900
Interest Rate
8.64%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Kama Nadia $227,000 Attorney
Kupeak Kenneth M $191,000 None Available
Lamb Brian J -- First Title & Escrow Inc
Lamb Brian J $185,500 Title One Inc
Steen Craig $89,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kama Nadia $132,500
Closed Kama Nadia $181,600
Previous Owner Kupcak Kenneth Matthew $10,000
Previous Owner Kupcak Kenneth M $152,800
Previous Owner Lamb Brian J $134,400
Previous Owner Lamb Brian $140,000
Previous Owner Lamb Brian J $37,844
Previous Owner Lamb Brian J $37,100
Previous Owner Lamb Brian J $148,400
Previous Owner Steen Craig $71,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2015 07/10/15 Sold $227,000 +0.9% $118 / Sq Ft
06/09/2015 06/09/15 Pending -- -- --
06/04/2015 06/04/15 For Sale $225,000 +17.8% $117 / Sq Ft
12/09/2013 12/09/13 Sold $191,000 -2.1% $175 / Sq Ft
11/17/2013 11/17/13 Pending -- -- --
10/28/2013 10/28/13 For Sale $195,000 -- $179 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,799 $151,180 $0 $0
2022 $4,489 $140,280 $0 $0
2020 $3,692 $128,520 $0 $0
2018 $4,489 $110,830 $0 $0
2017 $4,314 $110,830 $0 $0
2015 -- $83,000 $0 $0
2014 -- $76,480 $0 $0
2011 -- $71,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31246274

Michigan Multiple Listing Service

APN: 25-22-237-007