NOT LISTED FOR SALE

321 E 5th St Royal Oak, MI 48067

Estimated Value: $443,464 - $578,000

3 Beds
3 Baths
1,836 Sq Ft
$275/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $394,500 $215 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,446/month

5 Days on Market

Highlights

  • Porch
  • Patio
  • Awning
  • Keller Elementary Rated A-
  • 1-Story Property
  • 4-minute walk to Centennial Commons

About This Home

As of January 2021

Incredible investment opportunity in the heart of downtown Royal Oak! In-town triplex on double lot. Three 1 bedroom/1 bath units. Each ranch-style unit has private front and rear entrances, fenced rear yard, living room, kitchen with small dining area, bath with tub/shower, in/unit washer/dryer, walk-in-closets, window units and ceiling fans. Large rooms. New flooring and carpet in all units. Property has an additional huge 18’x20’ concrete building for storage with dedicated locked storage units. Parking pad with spots for all 3 units. Live in one unit, rent out the rest! Newer windows. Separate gas/electric meters, 1 water meter. Walkable to restaurants, farmers market, shopping! Units rent for $975/month. New sewer line to street. Unit 323 may be viewed. The other two units can be shown with an acceptable offer. Please do not disturb tenants of other units! HIGHEST & BEST due 9am Friday 12/18.

Last Agent to Sell the Property

Tiffany Glime

The Agency Hall & Hunter License #6501375674 Listed on: 12/15/2020

The Agency Hall & Hunter

Co-Listed By

Amy Suzanne Zimmer

The Agency Hall & Hunter License #6501324651

Last Buyer's Agent

Sara Storch Lipnitz

The Agency Hall & Hunter License #6501309217

The Agency Hall & Hunter

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1949

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 80 x 101
  • Private Entrance
  • Fenced

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof
  • Masonry

Interior Spaces

  • 3 Full Bathrooms
  • 1,836 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Awning

Parking

  • 3 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Patio
  • Porch

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2522110012

Community Details

Overview

  • 3 Units
  • Fourth Avenue Sub No 1 Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,349

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 1 Story
  • Year Built: 1949
  • State Equalized Value: 122790.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Total Sq Ft: 1836

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Block/Concrete/Masonry
  • Exterior Features: Awning/Overhang(s), Fenced, Outside Lighting, Private Entry
  • Foundation Materials: Poured
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 3

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Hot Water, Separate Meters
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 1889473.6842
  • Lot Size Area: 0.19
  • Lot Dimensions: 80 x 101
  • Parcel Number: 2522110012
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Snow Removal, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1950

Tax Info

  • Tax Amount Summer: 3667.0000
  • Tax Amount Winter: 682.0000
  • Total Tax: 4349.0000
  • Taxable Value: 76520.0000

Multi Family

  • Gross Scheduled Income: 34800.00
  • Number Of Units Total: 3

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2020
Closed on
Jan 27, 2021
Sold by
Hawkins Jeanne R and Brooks Michael
Bought by
Haven On Fifth Llc
Seller's Agent
Tiffany Glime
The Agency Hall & Hunter
Buyer's Agent
Sara Storch Lipnitz
The Agency Hall & Hunter
List Price
$359,000
Sold Price
$394,500
Premium/Discount to List
$35,500
9.89%
Current Estimated Value
$504,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,366
Avg. Annual Appreciation
5.09%

Purchase Details

Listed on
Dec 15, 2020
Closed on
Jan 15, 2021
Sold by
Schmitt Peter and Schmitt Becky
Bought by
Brooks Michael and Hawkins Jeanne R
Seller's Agent
Tiffany Glime
The Agency Hall & Hunter
Buyer's Agent
Sara Storch Lipnitz
The Agency Hall & Hunter
List Price
$359,000
Sold Price
$394,500
Premium/Discount to List
$35,500
9.89%

Purchase Details

Closed on
Jun 30, 2011
Sold by
Law Mary M
Bought by
Schmitt Peter and Schmitt Becky
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Haven On Fifth Llc -- None Available
Brooks Michael $394,500 Equity Title Agency Llc
Schmitt Peter -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $394,500 +9.9% $215 / Sq Ft
12/21/2020 12/21/20 Pending -- -- --
12/15/2020 12/15/20 For Sale $359,000 -- $196 / 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
2025 $9,672 $192,890 $0 $0
2024 $8,070 $175,310 $0 $0
2022 $9,021 $161,540 $0 $0
2020 $7,784 $122,790 $0 $0
2018 $9,021 $101,730 $0 $0
2017 $4,065 $101,730 $0 $0
2015 -- $78,800 $0 $0
2014 -- $69,880 $0 $0
2011 -- $74,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tiffany Glime

    Seller's Agent in 2021

    Tiffany Glime

    The Agency Hall & Hunter

    (248) 930-5656

    3 in this area

    61 Total Sales

    Tiffany Glime
    Section Image
  • Amy Suzanne Zimmer

    Seller Co-Listing Agent in 2021

    Amy Suzanne Zimmer

    The Agency Hall & Hunter

    (248) 469-6430

    3 in this area

    61 Total Sales

    Amy Suzanne Zimmer
    Section Image

  • S

    Buyer's Agent in 2021

    Sara Storch Lipnitz

    The Agency Hall & Hunter

    (248) 318-6282

    4 in this area

    88 Total Sales

    Sara Storch Lipnitz
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2200099512

Realcomp

APN: 25-22-110-012

Michigan Oakland County Royal Oak 48067

321 E 5th St, Royal Oak, MI

Not Listed for Sale

MultiFamily

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