NOT LISTED FOR SALE

5221 Royal Vale Ln Unit 65 Dearborn, MI 48126

Henry Ford-Fairlane Neighborhood

Estimated Value: $320,000 - $359,000

2 Beds
2 Baths
1,610 Sq Ft
$375/mo HOA Fee

Last Sold June 22, 2023

Last sale price $285,000 $177 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,667/month

9 Days on Market

Highlights

  • Ground Level Unit
  • Balcony
  • Programmable Thermostat
  • Duvall Elementary School Rated A-
  • 2 Car Attached Garage
  • 1-Story Property

About This Home

As of June 2023

Welcome to 5221 Royal Vale, located in one of Dearborn's premier gated communities and peacefully situated on acres of mature landscaping. This two bedroom, two bath, 1610 square foot condo with gas fireplace, finished basement, two car attached garage, and a great wooded view from the rear balcony, is move-in ready and perfect for busy professionals and families. A major plus is the 12 guest parking spaces right across from the condo. With easy access to major roads and freeways, Fairlane Woods is also within walking minutes from the world renowned Henry Ford Museum and Greenfield Village, the University of Michigan Dearborn Campus, Fairlane Town Mall, and the Ford World Headquarters. It is also near great shopping, dining, and entertainment in both Dearborn and Detroit. Come take a look. You will love this condo and gated community.BATVAI - Buyer's agent to verify all information.

Last Agent to Sell the Property

Ramsey Makled

Century 21 Curran & Oberski License #6501289105 Listed on: 05/17/2023

Century 21 Curran & Oberski

Last Buyer's Agent

Mike Khalil Dakroub

Real Estate One-Dbn Hts/Dbn License #6501302295

Real Estate One-Dbn Hts/Dbn

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1993

HOA Fees

  • $375 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,610 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Finished Basement

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Balcony
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 32820914101209

Community Details

Overview

  • Kim Gibbs Association, Phone Number (734) 454-4022
  • Fairlane Woods Cond Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,061

Year Built

Built in 1993

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Condominium
  • Architecture Level: 1 Story Up
  • Year Built: 1993
  • State Equalized Value: 117900.0000
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Programmable Thermostat
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Room Count: 9
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished, Interior Entry
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 2270
  • Sq Ft Lower Floor: 660
  • Total Sq Ft: 1610
  • Sq Ft Total Bsmt: 660

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Porch Type: Balcony
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: 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)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Maintenance Structure, Maintenance Grounds, Sewer, Trash, Water
  • Association Fee Frequency: Monthly
  • Phone: (734) 454-4022 kgibbs@ipmllc.biz
  • Association Fee: 375
  • Association Contact: Kim Gibbs
  • Association Fee: Yes

Schools

  • School District: Dearborn

Lot Info

  • Homestead: Yes
  • Parcel Number: 32820914101209

Rental Info

  • Tenant Amenities: Laundry In-Unit

Tax Info

  • Tax Amount Summer: 5119.0000
  • Tax Amount Winter: 942.0000
  • Total Tax: 6061.0000
  • Taxable Value: 117900.0000

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Jun 22, 2023
Sold by
Laktineh Amir and Daoud Asil
Bought by
Fardoun Ali
Seller's Agent
Ramsey Makled
Century 21 Curran & Oberski
Buyer's Agent
Mike Khalil Dakroub
Real Estate One-Dbn Hts/Dbn
List Price
$294,900
Sold Price
$285,000
Premium/Discount to List
-$9,900
-3.36%
Views
134
Current Estimated Value
$340,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,269
Avg. Annual Appreciation
7.60%
Original Mortgage
$213,750
Outstanding Balance
$209,376
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$126,175

Purchase Details

Listed on
Nov 4, 2020
Closed on
Jan 22, 2021
Sold by
King Daniel and Shayesteh Langerudy Christine
Bought by
Laktineh Amir and Daoud Asil
Seller's Agent
Carla Hinsley
House N Home Realty, LLC
Buyer's Agent
Ramsey Makled
Century 21 Curran & Oberski
List Price
$220,000
Sold Price
$213,000
Premium/Discount to List
-$7,000
-3.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.84%
Original Mortgage
$190,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2005
Sold by
Melotik Lorraine S and Lorraine S Melotik Trust
Bought by
King Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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
Fardoun Ali $285,000 Title One
Laktineh Amir $212,000 Ata National Title Group Llc
King Daniel $245,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fardoun Ali $213,750
Previous Owner Laktineh Amir $190,000
Previous Owner King Daniel $215,000
Previous Owner King Daniel $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2023 06/22/23 Sold $285,000 -3.4% $177 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $294,900 +38.5% $183 / Sq Ft
01/22/2021 01/22/21 Sold $213,000 -3.2% $123 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $220,000 -- $127 / 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 $5,745 $146,400 $0 $0
2024 $5,745 $131,200 $0 $0
2023 $5,086 $116,900 $0 $0
2022 $6,061 $117,900 $0 $0
2021 $4,784 $116,200 $0 $0
2019 $4,735 $104,300 $0 $0
2018 $4,011 $99,200 $0 $0
2017 $1,151 $95,600 $0 $0
2016 $3,753 $98,200 $0 $0
2015 $7,092 $90,650 $0 $0
2013 $6,870 $68,700 $0 $0
2011 -- $68,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ramsey Makled

    Seller's Agent in 2023

    Ramsey Makled

    Century 21 Curran & Oberski

    (313) 575-5385

    2 in this area

    23 Total Sales

    Ramsey Makled
    Section Image

  • M

    Buyer's Agent in 2023

    Mike Khalil Dakroub

    Real Estate One

    (313) 565-3200

    1 in this area

    13 Total Sales

    Mike Khalil Dakroub
    Section Image

  • C

    Seller's Agent in 2021

    Carla Hinsley

    House N Home Realty, LLC

    (248) 217-4238

    1 in this area

    49 Total Sales

    Carla Hinsley
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20230036739

Realcomp

APN: 32-09-141-01-209

Michigan Wayne County Dearborn 48126 Henry Ford-Fairlane

5221 Royal Vale Ln Unit 65, Dearborn, MI

This home is located at 5221 Royal Vale Ln Unit 65, Dearborn, MI 48126 since 17 May 2023 and is currently estimated at $340,269, approximately $211 per square foot. This property was built in 1993. 5221 Royal Vale Ln Unit 65 is a home located in Wayne County with nearby schools including Duvall Elementary School, Smith Middle School, and Dearborn 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

Nearby Homes