NOT LISTED FOR SALE

1507 E 5th St Royal Oak, MI 48067

Estimated Value: $379,442 - $398,000

3 Beds
2 Baths
1,432 Sq Ft
$269/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $335,000 $234 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,438/month

1 Day on Market

Highlights

  • Colonial Architecture
  • Deck
  • 1 Car Detached Garage
  • Royal Oak High School Rated 9+
  • No HOA
  • 4-minute walk to VFW Park

About This Home

As of March 2022

LOCATION + PRICE! Situated in one of Royal Oak's most popular neighborhoods, this is your chance to be within walking distance to downtown without breaking the bank. Stroll to dining, entertainment, parks, and all the amazing activities along 4th street & beyond. Nestled deep on the lot and away from the street, this updated colonial features a renovated kitchen with granite countertops, maple cabinets, hardwood floors, and a dine-in breakfast bar. Two full bathrooms above grade and a coveted first-floor laundry room offer conveniences rarely found in the area at this price. The large deck off the kitchen is perfect for entertaining. Additionally, a number of upgrades have been completed in recent years, including new roof (2018), new A/C (2017), new Whirlpool fridge (2020) + microwave (2019), Smart Google Nest thermostat (2018), Ring doorbell (2019), new gutters (2022), new landscaping + pavers (2021), power to the garage + WIFI opener (2018), laundry cabinet (2021), and more! BATVAI.

Last Agent to Sell the Property

Jeff Bortnick

New Home Experts, LLC License #6501297881 Listed on: 02/09/2022

Last Buyer's Agent

Alexandra Lannen

DOBI Real Estate License #RCO-6502411775

DOBI Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

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

Home Design

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

Interior Spaces

  • 1,432 Sq Ft Home
  • 2-Story Property

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Sump Pump

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Ground Level

Community Details

  • No Home Owners Association
  • Fourth Avenue Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2522237013

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,749

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 128310.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Access
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 1432
  • Total Sq Ft: 1432
  • Sq Ft Total Bsmt: 900

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exclusions: Yes
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 45
  • Porch Type: Deck
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Electricity, Door Opener, Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • 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: 0.11
  • Lot Dimensions: 45.00X105.00
  • Parcel Number: 2522237013

Tax Info

  • Tax Amount Summer: 3710.0000
  • Tax Amount Winter: 1039.0000
  • Total Tax: 4749.0000
  • Taxable Value: 116480.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2022
Closed on
Mar 16, 2022
Sold by
Joshua Markzon
Bought by
White Jein and Shortt Derek
Seller's Agent
Jeff Bortnick
New Home Experts, LLC
Buyer's Agent
Alexandra Lannen
DOBI Real Estate
List Price
$319,900
Sold Price
$335,000
Premium/Discount to List
$15,100
4.72%
Current Estimated Value
$385,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,111
Avg. Annual Appreciation
3.83%
Original Mortgage
$299,700
Outstanding Balance
$282,307
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$99,608

Purchase Details

Listed on
Jan 10, 2017
Closed on
Feb 3, 2017
Sold by
Thompson Joseph Carl
Bought by
Markzon Joshua
Seller's Agent
Midge Moran
KW Showcase Realty
Buyer's Agent
Jeff Bortnick
New Home Experts, LLC
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$188,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 18, 2012
Closed on
Oct 24, 2012
Sold by
Thrushman Carl and Thrushman Cheryl
Bought by
Thompson Joseph Carl
Seller's Agent
Stacy Miletti
Real Estate One Troy
Buyer's Agent
. Non Mls Member
NON MLS MEMBER
List Price
$164,900
Sold Price
$165,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Original Mortgage
$154,375
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2005
Sold by
Evans Dennis E and Evans Donna L
Bought by
Virtues Enterprises Llc

Purchase Details

Closed on
Mar 27, 2000
Sold by
C D Homes Inc
Bought by
Evans Dennis E

Purchase Details

Closed on
Jan 24, 1997
Sold by
Evans Dennis
Bought by
C D Homes Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
White Jein $335,000 None Listed On Document
Markzon Joshua $235,000 None Available
Thompson Joseph Carl $165,000 Capital Title Ins Agency
Virtues Enterprises Llc -- Multiple
Evans Dennis E -- --
C D Homes Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Jein $299,700
Previous Owner Markzon Joshua $188,000
Previous Owner Thompson Joseph Carl $170,000
Previous Owner Thompson Joseph Carl $154,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $335,000 +4.7% $234 / Sq Ft
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
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
10/04/2012 10/04/12 Pending -- -- --
09/18/2012 09/18/12 For Sale $164,900 -- $115 / 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 $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
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jeff Bortnick

    New Home Experts, LLC

    Section Image
  • Alexandra Lannen

    Buyer's Agent in 2022

    Alexandra Lannen

    DOBI Real Estate

    (248) 703-3358

    7 in this area

    59 Total Sales

    Alexandra Lannen
    Section Image
  • Midge Moran

    Seller's Agent in 2017

    Midge Moran

    KW Showcase Realty

    (248) 514-4084

    2 in this area

    23 Total Sales

    Midge Moran
    Section Image

  • S

    Seller's Agent in 2012

    Stacy Miletti

    Real Estate One Troy

    Section Image

  • .

    Buyer's Agent in 2012

    . Non Mls Member

    NON MLS MEMBER

See All Agents

Map

Source: Realcomp

MLS Number: 2220008066

Realcomp

APN: 25-22-237-013

Michigan Oakland County Royal Oak 48067

1507 E 5th St, Royal Oak, MI

This home is located at 1507 E 5th St, Royal Oak, MI 48067 since 09 February 2022 and is currently estimated at $385,111, approximately $268 per square foot. This property was built in 1924. 1507 E 5th St is a home located in Oakland County with nearby schools including Oakland Elementary School, Royal Oak Middle School, and Royal Oak High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes