NOT LISTED FOR SALE

511 E 5th St Royal Oak, MI 48067

Estimated Value: $286,128 - $351,000

3 Beds
2 Baths
1,058 Sq Ft
$299/Sq Ft Est. Value

Highlights

  • No HOA
  • 1 Car Detached Garage
  • Bungalow
  • Keller Elementary Rated A-
  • Enclosed Patio or Porch
  • 2-minute walk to Grant Park

About This Home

As of November 2019

Welcome to this charming 3 bedroom, 2 Bath in the heart of downtown. Beautiful light filled enclosed front porch, large living area, kitchen and dining room. Short walk to all Royal Oak has to offer and a great park at the end of the street. Pet friendly, fenced yard and 1 car garage. All appliances included. Tenant responsible for gas, electric and water. Trash service included. No smoking. Pets Negotiable with non-refundable pet fee Management company uses its own application documents. Occupancy available immediately!

Last Agent to Rent the Property

John Reed

Mutual Realty, LLC License #6501414677 Listed on: 10/09/2019

Last Renter's Agent

John Reed

Mutual Realty, LLC License #6501414677 Listed on: 10/09/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 43.00x105.00

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,058 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors
  • Unfinished Basement

Kitchen

  • Free-Standing Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Sewer in Street
  • Cable TV Available

Additional Features

  • Enclosed Patio or Porch
  • Ground Level

Community Details

  • No Home Owners Association
  • Fourth Avenue Sub Subdivision

Listing and Financial Details

  • Security Deposit $2,400
  • 12 Month Lease Term
  • Application Fee: 50.00
  • Assessor Parcel Number 2522133017

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Rental Info

  • Application Fee: 50.00
  • Lease Type: Single Family House
  • Rent Includes: Trash Collection (Garbage Pickup)
  • Security Deposit: 2400.00
  • Tenant Amenities: Laundry On Site

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1925
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s), Programmable Thermostat
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dryer, Microwave, Free-Standing Gas Range, Free-Standing Refrigerator, Washer
  • Total Sq Ft: 1058

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Porch Type: Porch - Enclosed
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: Detached
  • Garage: Yes
  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • List Price per Acre: 16000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 43.00X105.00
  • Parcel Number: 2522133017

Multi Family

  • Length of Lease: 12 Months

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2005
Sold by
Rl One Inc
Bought by
Lau Kerri
Current Estimated Value
$316,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Outstanding Balance
$71,469
Interest Rate
6.75%
Mortgage Type
Stand Alone First
Estimated Equity
$244,563
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
Lau Kerri $161,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lau Kerri $128,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2019 11/27/19 Rented $1,600 0.0% --
11/22/2019 11/22/19 Under Contract -- -- --
10/22/2019 10/22/19 Price Changed $1,600 -3.0% $2 / Sq Ft
10/09/2019 10/09/19 For Rent $1,650 -- --
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 $4,539 $130,180 $0 $0
2024 $3,787 $117,390 $0 $0
2022 $4,130 $106,580 $0 $0
2020 $3,653 $94,170 $0 $0
2018 $4,130 $80,920 $0 $0
2017 $3,751 $80,920 $0 $0
2015 -- $69,880 $0 $0
2014 -- $64,490 $0 $0
2011 -- $60,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Reed

    Landlord's Agent in 2019

    John Reed

    Mutual Realty, LLC

    (248) 762-1136

    8 Total Sales

    John Reed
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Map

Source: Realcomp

MLS Number: 219103904

Realcomp

APN: 25-22-133-017

Michigan Oakland County Royal Oak 48067

511 E 5th St, Royal Oak, MI

Not Listed for Sale

Detached

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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