NOT LISTED FOR SALE

501 E 5th St Royal Oak, MI 48067

Estimated Value: $800,159 - $934,000

4 Beds
4.5 Baths
3,049 Sq Ft
$292/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $725,000 $238 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,783/month

1 Day on Market

Highlights

  • Colonial Architecture
  • Deck
  • No HOA
  • Keller Elementary Rated A-
  • Corner Lot
  • 3-minute walk to Grant Park

About This Home

As of June 2021

Timeless, turn of the century, brick colonial, is truly walking distance to downtown (2 blocks). This home is the perfect blend of 1900's charm/character and today's materials/design (complete remodel in 2008). Master suite features vaulted ceilings, heated flooring in bath, WIC, and European shower/tub. 2nd floor office w large balcony overlooking downtown. Pella windows and 3 Anderson door walls. Roof and 4 skylights were replaced in 2019. Open Kitchen w custom italian cabinetry (Berloni) and caesarstone countertops. Finished basement offers walk out access, pet shower, porcelain tile flooring, tons of storage, fireplace, and 2nd office. 3 laundry areas, solid doors t/o, surround sound, composite decking, gas bbq hook up, new exterior paint, dual furnaces & a/c. Pride of ownership is evident as this home has been loved and meticulously maintained! BATVAI.

Last Agent to Sell the Property

James Orr

RE/MAX First License #6501360148 Listed on: 05/14/2021

RE/MAX First

Last Buyer's Agent

Jason Ball

Clients First, REALTORS® License #RCO-6501400435

Clients First, REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1901 | Remodeled in 2008

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 46.00x105.00
  • Fenced
  • Corner Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 3,049 Sq Ft Home
  • 2-Story Property
  • Bar Fridge
  • Ceiling Fan
  • Gas Fireplace
  • Finished Basement
  • Fireplace in Basement

Kitchen

  • Free-Standing Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Covered Patio or 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 Avenue Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2522133015

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,599

Year Built

Built in 1901 | Remodeled in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1901
  • State Equalized Value: 275360.0000
  • Year Renovated: 2008
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Basement
  • Total Bedrooms: 4
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Oven, Microwave, Range Hood, Stainless Steel Appliance(s), Washer, Bar Fridge
  • Total Sq Ft: 3049

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exclusions: Yes
  • Exterior Features: Fenced
  • Foundation Materials: Brick/Mortar
  • Porch Type: Porch - Covered, Deck, Porch
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Electricity, Door Opener, Side Entrance, Detached
  • 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)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • Lot Features: Corner Lot
  • Lot Size Area: 0.11
  • Lot Dimensions: 46.00X105.00
  • Parcel Number: 2522133015

Tax Info

  • Tax Amount Summer: 8266.0000
  • Tax Amount Winter: 2333.0000
  • Total Tax: 10599.0000
  • Taxable Value: 257920.0000

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 11, 2021
Sold by
Islam Sumaiya
Bought by
Islam Sumaiya and Ball Matthew
Seller's Agent
James Orr
RE/MAX First
Buyer's Agent
Jason Ball
Clients First, REALTORS®
List Price
$650,000
Sold Price
$725,000
Premium/Discount to List
$75,000
11.54%
Current Estimated Value
$890,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,540
Avg. Annual Appreciation
4.61%
Original Mortgage
$715,000
Outstanding Balance
$643,098
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$247,442

Purchase Details

Closed on
Sep 3, 2013
Sold by
Ginter Darryl and Ginter Liron
Bought by
Work Michael T and Knoebel Alice L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2003
Sold by
Culbertson Hilda
Bought by
Ginter Darryl

Purchase Details

Closed on
Aug 4, 2003
Sold by
Culbertson Hilda
Bought by
Culbertson Hilda

Purchase Details

Closed on
Jan 15, 1998
Sold by
Garrison Vallie C
Bought by
Garrison Vallie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
6.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Islam Sumaiya -- None Available
Islam Sumaiya $725,000 Abstract Title Agency
Work Michael T $515,000 Shield Title
Ginter Darryl $195,000 --
Culbertson Hilda -- --
Garrison Vallie C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Islam Sumaiya $715,000
Previous Owner Work Michael T $365,000
Previous Owner Garrison Vallie C $23,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2021 06/14/21 Sold $725,000 +11.5% $238 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $650,000 -- $213 / 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 $13,575 $390,800 $0 $0
2024 $10,333 $362,280 $0 $0
2022 $18,834 $326,270 $0 $0
2020 $10,041 $275,360 $0 $0
2018 $18,834 $263,040 $0 $0
2017 $9,939 $263,040 $0 $0
2015 -- $247,920 $0 $0
2014 -- $235,490 $0 $0
2011 -- $127,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210027181

Realcomp

APN: 25-22-133-015