$354,099 - $414,000
RENTED MAR 26, 2025

525 E 5th St Unit B Royal Oak, MI 48067

1 Bed
1 Bath
1,603 Sq Ft
$242 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • 2-minute walk to Grant Park
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of March 2025

Charming Royal Oak Home at 525 E 5th St offers cozy living with comfortable bedroom, stylishly updated bath, and a modern kitchen. Step inside to find fresh, neutral paint and brand-new carpet throughout, creating a warm and inviting atmosphere. The updated kitchen stands out with sleek dark cabinetry, stainless steel appliances, a chic tile backsplash, and ample counter space for cooking and entertaining. Outside, this classic home boasts lovely curb appeal with mature landscaping and a welcoming front porch. Conveniently located near downtown Royal Oak’s shops, dining, and entertainment.

Last Agent to Rent the Property

Josh Taylor

Good Company License #6502375010 Listed on: 10/25/2024

Good Company

Last Renter's Agent

Josh Taylor

Good Company License #6502375010 Listed on: 10/25/2024

Good Company

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,072

Year Built

  • Built in 1924

Lot Details

  • 4,835

Parking

  • 1 Car Detached Garage

Home Design

  • Half Duplex
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,603 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Location

  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $2,400
  • 12 Month Lease Term
  • Assessor Parcel Number 2522133020

Community Details

Overview

  • No Home Owners Association
  • Fourth Avenue Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,072

Year Built

Built in 1924

Lot Details

0

Rental Info

  • Lease Type: Condominium
  • Rent Includes: Snow Removal, Yard Maintenance
  • Security Deposit: 2400.00

Listing Details

  • Property Type: Condominium
  • Architecture Style: 1/2 Duplex
  • Architecture Level: 1 Story
  • Year Built: 1924
  • Entry Location: Upper Level w/Steps
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1

Interior Features

  • Room Count: 4
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 1603
  • Total Sq Ft: 1603
  • Sq Ft Total Bsmt: 700

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 1 Car
  • Garage Features: 1 Assigned Space, Detached
  • Garage: Yes
  • MF Parking: Assigned

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Additional Fee: 200.00

Schools

  • School District: Royal Oak

Lot Info

  • Parcel Number: 2522133020

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
Nov 3, 2020
Sold by
Taylor Carl R
Bought by
Taylor Carl R and Carir Taylor Jr Living Trust
Current Estimated Value
$388,525

Purchase Details

Closed on
Dec 16, 2013
Sold by
Hoeberling Paul
Bought by
Taylor Carl R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,623
Interest Rate
4.38%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2006
Sold by
Habitat Investments Llc
Bought by
Hoeberling Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.33%
Mortgage Type
Unknown

Purchase Details

Closed on
May 29, 2003
Sold by
Paparella Richard A and Paparella Sheryl J
Bought by
Habitat Investments Llc

Purchase Details

Closed on
Jan 11, 2002
Sold by
Dorr John P
Bought by
Paparella Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,800
Interest Rate
7.24%
Source: Public Records

Range of Values:

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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
Taylor Carl R -- None Available
Taylor Carl R $185,000 Title One Inc
Hoeberling Paul $138,750 Title One Inc
Habitat Investments Llc -- --
Paparella Richard A $173,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Carl R $179,200
Closed Taylor Carl R $181,623
Previous Owner Hoeberling Paul $148,000
Previous Owner Paparella Richard A $138,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Rented $1,450 0.0% --
03/26/2025 03/26/25 Under Contract -- -- --
03/12/2025 03/12/25 Price Changed $1,450 -3.3% $1 / Sq Ft
11/06/2024 11/06/24 Price Changed $1,500 -6.3% $1 / Sq Ft
10/25/2024 10/25/24 For Rent $1,600 -- --
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 $4,072 $134,610 $0 $0
2022 $4,299 $120,720 $0 $0
2020 $3,802 $106,200 $0 $0
2018 $4,299 $88,330 $0 $0
2017 $3,905 $88,330 $0 $0
2015 -- $76,010 $0 $0
2014 -- $67,130 $0 $0
2011 -- $82,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240080606

Realcomp

APN: 25-22-133-020