$213,941 - $541,000
RENTED JAN 23, 2025

407 E 5th St Royal Oak, MI 48067

2 Beds
1 Bath
800 Sq Ft
$394 Price per Sq Ft

Last Sold October 26, 2018

Last sale price $180,000 $225 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,965/month

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Heating System
  • Royal Oak High School Rated 9+
  • Enclosed Patio or Porch
  • 4-minute walk to Grant Park

About This Home

As of January 2025

Charming 2 bedroom, 1 bathroom ranch home available for immediate occupancy in the heart of downtown Royal Oak! Nestled in a peaceful neighborhood with easy highway access, this ideal location is just steps from shops, restaurants, bars, breweries, grocery stores, and more. The home boasts a welcoming covered front porch with a porch swing, a large backyard and spacious driveway. Inside you'll find beautifully refinished hardwood flooring. Enjoy the updated bathroom, two generously sized bedrooms with ample closet space and the convenience of in-unit laundry. The basement provides plenty of storage and potential for additional living space. PET FRIENDLY with applicable fee and restrictions. Don’t miss out, schedule your showing today!

Last Agent to Rent the Property

Kaitlyn Kelly

Sine & Monaghan, LLC License #6501427490 Listed on: 01/13/2025

Sine & Monaghan, LLC

Last Renter's Agent

Kaitlyn Kelly

Sine & Monaghan, LLC License #6501427490 Listed on: 01/13/2025

Sine & Monaghan, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,417

Year Built

  • Built in 1924

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40.00 x 103.15

Home Design

  • 800 Sq Ft Home
  • Ranch Style House
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Enclosed Patio or Porch
  • Ground Level
  • Unfinished Basement

Listing and Financial Details

  • Security Deposit $1,850
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Application Fee: 45.00
  • Assessor Parcel Number 2522110015

Community Details

Overview

  • No Home Owners Association
  • Fourth Avenue Sub No 1 Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,417

Year Built

Built in 1924

Lot Details

0

Rental Info

  • Application Fee: 45.00
  • Lease Type: Single Family House
  • Security Deposit: 1850.00

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1924
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Furnished - No
  • Room Count: 7
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator, Washer
  • Sq Ft Combined: 800
  • Total Sq Ft: 800
  • Sq Ft Total Bsmt: 781

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch - Covered, Porch - Enclosed, Porch, Covered, Enclosed
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Royal Oak

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 40.00 x 103.15
  • Parcel Number: 2522110015

Multi Family

  • Length of Lease: 12 Months, 13-24 Months

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2018
Closed on
Oct 25, 2018
Sold by
Efc Investments L L C
Bought by
Kemnitz Joseph Andrew
Seller's Agent
Nancy Robinson
Real Broker Berkley
Buyer's Agent
Nancy Robinson
Real Broker Berkley
List Price
$195,000
Sold Price
$180,000
Premium/Discount to List
-$15,000
-7.69%
Current Estimated Value
$315,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,485
Avg. Annual Appreciation
9.41%

Purchase Details

Closed on
Jan 26, 2010
Sold by
Gilliam Sheldon Sharon
Bought by
Efc Investments Llc

Purchase Details

Closed on
May 24, 2000
Sold by
Polyhronos Maxine
Bought by
Gilliam Sheldon Sharon and Gilliam Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
4.7%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Kemnitz Joseph Andrew $180,000 Title One Inc
Efc Investments Llc -- None Available
Gilliam Sheldon Sharon $34,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kemnitz Joseph Andrew $174,000
Previous Owner Gilliam Sheldon Sharon $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2025 01/23/25 Rented $1,850 0.0% --
01/23/2025 01/23/25 Under Contract -- -- --
01/13/2025 01/13/25 For Rent $1,850 0.0% --
10/26/2018 10/26/18 Sold $180,000 -4.8% $227 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
09/20/2018 09/20/18 Price Changed $189,000 -3.1% $239 / Sq Ft
09/07/2018 09/07/18 For Sale $195,000 -- $246 / 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 $3,417 $82,920 $0 $0
2022 $3,727 $75,280 $0 $0
2020 $3,296 $65,980 $0 $0
2018 $3,727 $58,890 $0 $0
2017 $2,023 $58,890 $0 $0
2015 -- $46,890 $0 $0
2014 -- $44,240 $0 $0
2011 -- $41,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kaitlyn Kelly

    Landlord's Agent in 2025

    Kaitlyn Kelly

    Sine & Monaghan, LLC

    (586) 696-4657

    1 in this area

    51 Total Sales

    Kaitlyn Kelly
    Section Image
  • Nancy Robinson

    Seller's Agent in 2018

    Nancy Robinson

    Real Broker Berkley

    (248) 224-1013

    192 in this area

    519 Total Sales

    Nancy Robinson
    Section Image
  • Caren Goldstone

    Seller Co-Listing Agent in 2018

    Caren Goldstone

    Real Broker Berkley

    (248) 310-1147

    144 in this area

    317 Total Sales

    Caren Goldstone
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20250002806

Realcomp

APN: 25-22-110-015

Michigan Oakland County Royal Oak 48067

407 E 5th St, Royal Oak, MI

This home is located at 407 E 5th St, Royal Oak, MI 48067 since 13 January 2025 and is currently priced at $315,485. This property was built in 1924. 407 E 5th St is a home located in Oakland County with nearby schools including Keller Elementary, 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

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