$385,000
UNDER CONTRACT

1507 E 5th St Royal Oak, MI 48067

Estimated payment $2,532/month

Total Views 3,462
3 Beds
2 Baths
1,432 Sq Ft
$269 Price per Sq Ft

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.

Listing Agent

Alexandra Lannen

DOBI Real Estate License #6502411775 Listed on: 02/26/2026

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 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,717

Year Built

Built in 1924

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 160620.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: UnderContract
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Walk-Up Access
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer
  • Total Sq Ft: 1432

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved
  • Fencing: Back Yard

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 45X105
  • Parcel Number: 2522237013

Tax Info

  • Tax Amount Summer: 4376.0000
  • Tax Amount Winter: 1341.0000
  • Total Tax: 5717.0000
  • Taxable Value: 149950.0000

MLS Schools

  • School District: Royal Oak

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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
Source: Public Records

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
Source: Realcomp

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 -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $154,375 New Conventional
Source: Public Records

Source: Realcomp

MLS Number: 20261011637

Realcomp

APN: 25-22-237-013

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