NOT LISTED FOR SALE

318 E 5th St Unit 3 Royal Oak, MI 48067

Estimated Value: $503,267 - $532,000

2 Beds
2.5 Baths
1,738 Sq Ft
$300/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $455,000 $262 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,648/month

81 Days on Market

Highlights

  • 1 Car Direct Access Garage
  • Porch
  • Awning
  • Royal Oak High School Rated 9+
  • Patio
  • 3-minute walk to Centennial Commons

About This Home

As of September 2022

Location, Location, Location! Beautiful Royal Oak Townhouse in the heart of downtown. Open floor plan with high ceilings and over 1700 sq. ft. With 2 Bedrooms, 2.5 baths, additional study/office and 2nd floor laundry. New A/C 2022. Featuring hardwood floors throughout first floor and an updated open concept Kitchen with stainless steel appliances. Spacious Living Room with gas fireplace, tons of windows and plenty of natural light. With a one car attached garage and one additional assigned space. Patio off Kitchen and semi-private fenced yard. Full basement with tons of potential and storage. This updated on trend end unit is just what you have been looking for. Walking distance to shopping, dining and entertainment. Welcome Home!

Last Agent to Sell the Property

Kelly Finley

New Century REALTORS® License #6501361260 Listed on: 05/25/2022

Co-Listed By

Brian Ragland

New Century REALTORS® License #6501381909

Last Buyer's Agent

Lauren Sheppard

The Agency Hall & Hunter License #6501439989

The Agency Hall & Hunter

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

Year Built

  • Built in 2000

Lot Details

  • 4,225

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 1,738 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Awning
  • Family Room with Fireplace
  • Unfinished Basement

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Exterior Lighting
  • Porch

Location

  • Ground Level

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2522153037

Community Details

Overview

  • Mike Association
  • East Fifth Street Condo Occpn 1387 Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,164

Year Built

Built in 2000

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Townhouse
  • Architecture Level: 2 Story
  • Year Built: 2000
  • State Equalized Value: 205160.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Room Count: 10
  • Total Bedrooms: 2
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 1738
  • Total Sq Ft: 1738
  • Sq Ft Total Bsmt: 832

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s), Lighting
  • Foundation Materials: Poured
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: 1 Assigned Space, Direct Access, Electricity, Door Opener, Attached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Maintenance Grounds
  • Association Fee Frequency: Monthly
  • Phone: E5thstcondos@gmail.com
  • Association Fee: 250
  • Association Contact: Mike
  • Association Fee: Yes

Schools

  • School District: Royal Oak

Lot Info

  • Homestead: Yes
  • Parcel Number: 2522153037

Tax Info

  • Tax Amount Summer: 6535.0000
  • Tax Amount Winter: 1629.0000
  • Total Tax: 8164.0000
  • Taxable Value: 205160.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Sep 16, 2022
Sold by
Jones Michael
Bought by
Stephens Mike Jon
Seller's Agent
Kelly Finley
New Century REALTORS®
Buyer's Agent
Lauren Sheppard
The Agency Hall & Hunter
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%
Views
7
Current Estimated Value
$520,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,817
Avg. Annual Appreciation
4.51%

Purchase Details

Closed on
Oct 1, 2020
Sold by
Marx Whitney R
Bought by
Jones Michael and Stokes Rachael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 27, 2015
Closed on
Nov 6, 2015
Sold by
Harris Steven and Harris Julia
Bought by
Marx Whitney R
Seller's Agent
Adam Oberski
Century 21 Curran & Oberski
Buyer's Agent
Dianna - Tina Lake - Remer
KW Professionals
List Price
$342,500
Sold Price
$329,500
Premium/Discount to List
-$13,000
-3.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%

Purchase Details

Closed on
Jul 2, 2010
Sold by
Nationstar Mortgage Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 15, 2009
Sold by
Wohlfiel Robert J
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Feb 21, 2002
Sold by
Wohlfiel Building Inc
Bought by
Wohlfiel Robert
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stephens Mike Jon $455,000 Fidelity National Title
Jones Michael $450,000 Devon Title Agency
Marx Whitney R $329,500 Michigan Title Ins Agency In
Federal National Mortgage Association -- None Available
Nationstar Mortgage Llc -- None Available
Mortgage Electronic Registration Systems $184,025 None Available
Wohlfiel Robert $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Michael $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2022 09/16/22 Sold $455,000 -0.9% $262 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
07/05/2022 07/05/22 Price Changed $459,000 -2.1% $264 / Sq Ft
06/08/2022 06/08/22 Price Changed $469,000 -1.3% $270 / Sq Ft
05/25/2022 05/25/22 For Sale $475,000 +44.2% $273 / Sq Ft
11/06/2015 11/06/15 Sold $329,500 -3.8% $197 / Sq Ft View Prior Sale
09/17/2015 09/17/15 Pending -- -- --
08/27/2015 08/27/15 For Sale $342,500 -- $205 / 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 $7,515 $223,790 $0 $0
2022 $7,960 $207,940 $0 $0
2020 $10,212 $175,680 $0 $0
2018 $7,960 $157,910 $0 $0
2017 $6,482 $157,910 $0 $0
2015 -- $96,650 $0 $0
2014 -- $95,010 $0 $0
2011 -- $93,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelly Finley

    Seller's Agent in 2022

    Kelly Finley

    New Century REALTORS®

    (248) 808-2525

    14 in this area

    172 Total Sales

    Kelly Finley
    Section Image
  • Brian Ragland

    Seller Co-Listing Agent in 2022

    Brian Ragland

    New Century REALTORS®

    (248) 802-7572

    14 in this area

    151 Total Sales

    Brian Ragland
    Section Image
  • Lauren Sheppard

    Buyer's Agent in 2022

    Lauren Sheppard

    The Agency Hall & Hunter

    (248) 842-6990

    4 in this area

    23 Total Sales

    Lauren Sheppard
    Section Image
  • Adam Oberski

    Seller's Agent in 2015

    Adam Oberski

    Century 21 Curran & Oberski

    (734) 777-0113

    46 Total Sales

    Adam Oberski
    Section Image
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Map

Source: Realcomp

MLS Number: 2220040211

Realcomp

APN: 25-22-153-037

Michigan Oakland County Royal Oak 48067

318 E 5th St Unit 3, Royal Oak, MI

This home is located at 318 E 5th St Unit 3, Royal Oak, MI 48067 since 25 May 2022 and is currently estimated at $520,817, approximately $299 per square foot. This property was built in 2000. 318 E 5th St Unit 3 is a home located in Oakland County with nearby schools including Keller Elementary, Royal Oak Middle School, and Royal Oak High School.

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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

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