1507 E 5th St Royal Oak, MI 48067
Estimated payment $2,532/month
Highlights
- Colonial Architecture
- Deck
- 1 Car Detached Garage
- Royal Oak High School Rated A-
- No HOA
- 5-minute walk to VFW Park
About This Home
WALK TO DOWNTOWN ROYAL OAK - WITHOUT THE DOWNTOWN PRICE TAG! Tucked away on a quiet, tree-lined block in one of Royal Oak’s most desirable neighborhoods, this colonial offers the rare opportunity to enjoy true walkability to dining, shopping, parks, nightlife, and year-round events - all while maintaining privacy and a peaceful setting. Set away from the street, this inviting home blends charm, functionality, and value in a way that’s hard to find at this price point. Inside, you’ll find a thoughtfully designed, expanded layout featuring two full bathrooms above grade, a true second level, and a first-floor laundry room - rare offerings in the area. The spacious kitchen features granite countertops, maple cabinetry, hardwood floors, and a peninsula with seating. The kitchen flows seamlessly into the dining area with direct access to the backyard deck - ideal for entertaining or everyday living. The flexible floor plan includes a main-level bedroom ideal for a home office, den, or guest space, while upstairs bedrooms are generously sized and filled with natural light. Additional highlights include a detached garage, immaculate basement for storage, and a private backyard setting that feels tucked away, yet just moments from the energy of downtown. If you’ve been waiting for an affordable opportunity to live within walking distance to everything Royal Oak has to offer - without compromising on space, layout, or convenience - this is it.
Home Details
Home Type
- Single Family
Est. Annual Taxes
Year Built
- Built in 1924
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 45x105
- Back Yard Fenced
Parking
- 1 Car Detached Garage
Home Design
- Colonial Architecture
- Block Foundation
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 1,432 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Unfinished Basement
- Walk-Up Access
Kitchen
- Free-Standing Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Deck
- Porch
Location
- Ground Level
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Fourth Ave Subdivision
Listing and Financial Details
- Assessor Parcel Number 2522237013
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,616 | $160,620 | $0 | $0 |
| 2024 | $4,275 | $145,450 | $0 | $0 |
| 2022 | $4,606 | $135,160 | $0 | $0 |
| 2020 | $4,180 | $123,000 | $0 | $0 |
| 2018 | $4,606 | $90,060 | $0 | $0 |
| 2017 | $2,779 | $90,060 | $0 | $0 |
| 2015 | -- | $79,730 | $0 | $0 |
| 2014 | -- | $67,590 | $0 | $0 |
| 2011 | -- | $62,990 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/26/2026 02/26/26 | For Sale | $385,000 | +14.9% | $269 / Sq Ft | |
| 03/16/2022 03/16/22 | Sold | $335,000 | +4.7% | $234 / Sq Ft | View Prior Sale |
| 02/11/2022 02/11/22 | Pending | -- | -- | -- | |
| 02/09/2022 02/09/22 | For Sale | $319,900 | +36.1% | $223 / Sq Ft | |
| 02/03/2017 02/03/17 | Sold | $235,000 | -6.0% | $164 / Sq Ft | View Prior Sale |
| 01/30/2017 01/30/17 | Pending | -- | -- | -- | |
| 01/10/2017 01/10/17 | For Sale | $250,000 | +51.5% | $175 / Sq Ft | |
| 10/24/2012 10/24/12 | Sold | $165,000 | +0.1% | $115 / Sq Ft | View Prior Sale |
| 10/04/2012 10/04/12 | Pending | -- | -- | -- | |
| 09/18/2012 09/18/12 | For Sale | $164,900 | -- | $115 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $335,000 | None Listed On Document | |
| Warranty Deed | $235,000 | None Available | |
| Warranty Deed | $165,000 | Capital Title Ins Agency | |
| Quit Claim Deed | -- | Multiple | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $154,375 | New Conventional |
Source: Realcomp
MLS Number: 20261011637
APN: 25-22-237-013
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Ask me questions while you tour the home.