NOT LISTED FOR SALE

5241 Royal Vale Ln Unit 72 Dearborn, MI 48126

Henry Ford-Fairlane Neighborhood

Estimated Value: $390,364 - $454,000

3 Beds
3.5 Baths
1,719 Sq Ft
$375/mo HOA Fee

Last Sold February 27, 2024

Last sale price $365,000 $212 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,930/month

Highlights

  • Gated Community
  • Cape Cod Architecture
  • Deck
  • Duvall Elementary School Rated A-
  • Clubhouse
  • Wooded Lot

About This Home

As of February 2024

3 bedroom, 3.5 bath condo in Fairlane Woods. Large great room with high ceilings and gas fireplace opens to deck and wooded surroundings. Hardwood floors, two master suites, two lofts, first floor laundry, 2 car att garage. Full finished basement with 2nd kitchen. All appliances included. Some furnishings may be available. Up to code and move in ready.

Last Agent to Sell the Property

Ted Easterly

RE/MAX Team 2000 License #6506042714 Listed on: 01/13/2024

RE/MAX Team 2000

Co-Listed By

Adam Easterly

RE/MAX Team 2000 License #6504397088

Last Buyer's Agent

Mike Sher

Max Broock, REALTORS®-Bloomfield Hills License #6502346400

Max Broock, REALTORS®-Bloomfield Hills

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1993 | Remodeled in 2008

Lot Details

  • Property fronts a private road
  • Private Entrance
  • Wooded Lot

HOA Fees

  • $375 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,719 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace
  • Finished Basement

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 32820914101216

Community Details

Overview

  • Kim Gibbs Association, Phone Number (734) 454-4022
  • Fairlane Woods Cond Subdivision
  • On-Site Maintenance
  • The community has rules related to fencing

Amenities

  • Clubhouse
  • Laundry Facilities

Pet Policy

  • Dogs and Cats Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,131

Year Built

Built in 1993 | Remodeled in 2008

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Cape Cod
  • Architecture Level: 2 Story
  • Year Built: 1993
  • State Equalized Value: 131400.0000
  • Year Renovated: 2008
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Humidifier, Furnished - Negotiable
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 13
  • Total Bedrooms: 3
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 2619
  • Sq Ft Lower Floor: 900
  • Total Sq Ft: 1719
  • Sq Ft Total Bsmt: 1095

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Club House, Grounds Maintenance, Private Entry
  • Foundation Materials: Poured
  • Porch Type: Deck
  • Road Frontage Type: Paved, Private
  • Sideof Street: W
  • Fencing: Fence Not Allowed

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Direct Access, Electricity, Door Opener, 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
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Phone: 734-454-4022
  • Association Fee: 375
  • Association Contact: Kim Gibbs
  • Association Fee: Yes

Schools

  • School District: Dearborn

Lot Info

  • Homestead: Yes
  • Lot Features: Gated Community, Wooded
  • Parcel Number: 32820914101216

Rental Info

  • Tenant Amenities: Fitness Center

Tax Info

  • Tax Amount Summer: 4367.0000
  • Tax Amount Winter: 764.0000
  • Total Tax: 5131.0000
  • Taxable Value: 100368.0000

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2024
Closed on
Feb 16, 2024
Sold by
Norma Lee Obryan Trust
Bought by
Pervaiz Amina
Seller's Agent
Ted Easterly
RE/MAX Team 2000
Buyer's Agent
Mike Sher
Max Broock, REALTORS®-Bloomfield Hills
List Price
$309,900
Sold Price
$365,000
Premium/Discount to List
$55,100
17.78%
Views
76
Current Estimated Value
$410,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,841
Avg. Annual Appreciation
7.88%
Original Mortgage
$292,000
Outstanding Balance
$273,079
Interest Rate
5.96%
Mortgage Type
New Conventional
Estimated Equity
$137,762

Purchase Details

Closed on
Jul 5, 1994
Sold by
Fairlane Woods Country
Bought by
Lynn Bishop-Gains

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
8.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Pervaiz Amina $365,000 Title One
Pervaiz Amina $365,000 Title One
Lynn Bishop-Gains $201,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pervaiz Amina $292,000
Previous Owner Obryan Norma L $172,800
Previous Owner Lynn Bishop-Gains $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2024 02/27/24 Sold $365,000 +17.8% $212 / Sq Ft
01/14/2024 01/14/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $309,900 -- $180 / 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 $4,615 $166,200 $0 $0
2024 $4,615 $146,900 $0 $0
2023 $4,367 $131,400 $0 $0
2022 $4,914 $132,600 $0 $0
2021 $5,710 $130,600 $0 $0
2019 $5,652 $119,700 $0 $0
2018 $4,788 $107,300 $0 $0
2017 $1,373 $103,300 $0 $0
2016 $4,479 $106,200 $0 $0
2015 $8,464 $108,250 $0 $0
2013 $8,200 $82,000 $0 $0
2011 -- $82,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ted Easterly

    Seller's Agent in 2024

    Ted Easterly

    RE/MAX

    (313) 980-0952

    4 in this area

    98 Total Sales

    Ted Easterly
    Section Image
  • Adam Easterly

    Seller Co-Listing Agent in 2024

    Adam Easterly

    RE/MAX

    (248) 231-0218

    3 in this area

    76 Total Sales

    Adam Easterly
    Section Image
  • Mike Sher

    Buyer's Agent in 2024

    Mike Sher

    Max Broock, REALTORS®-Bloomfield Hills

    (248) 496-1572

    1 in this area

    248 Total Sales

    Mike Sher
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240001964

Realcomp

APN: 32-09-141-01-216

Michigan Wayne County Dearborn 48126 Henry Ford-Fairlane

5241 Royal Vale Ln Unit 72, Dearborn, MI

This home is located at 5241 Royal Vale Ln Unit 72, Dearborn, MI 48126 since 13 January 2024 and is currently estimated at $410,841, approximately $239 per square foot. This property was built in 1993. 5241 Royal Vale Ln Unit 72 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
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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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