$428,000 - $465,000
RENTED MAR 27, 2025

615 E 5th St Royal Oak, MI 48067

4 Beds
3 Baths
1,329 Sq Ft
$337 Price per Sq Ft

Last Sold August 28, 2023

Last sale price $385,000 $290 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,090/month

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Royal Oak High School Rated 9+
  • Bungalow
  • 1-minute walk to Grant Park

About This Home

As of March 2025

Amazing RENTAL is hitting the Royal Oak market very SOON! This cute bungalow nestled in the highly sought-after location of Royal Oak in desirable neighborhood. Updated kitchen, complete with cherry wood cabinets and granite countertops with ample storage. Stone fireplace in the living room is creating a cozy and inviting atmosphere. This bungalow features three bedrooms, including a spacious ensuite with a full bathroom. The additional bedrooms are well-sized and versatile, accommodating various needs such as a home office or guest rooms. The finished basement boasts a wet bar for entertainment, a sauna for relaxation, and an additional room and storage.

Last Agent to Rent the Property

Behzad Bokani

RE/MAX Dream Properties License #6501420759 Listed on: 03/03/2025

RE/MAX Dream Properties

Last Renter's Agent

Behzad Bokani

RE/MAX Dream Properties License #6501420759 Listed on: 03/03/2025

RE/MAX Dream Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,511

Year Built

  • Built in 1925

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 46.00 x 105.00

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,329 Sq Ft Home
  • 1.5-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Location

  • Ground Level

Utilities

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

Community Details

  • No Home Owners Association
  • Fourth Avenue Sub Subdivision

Listing and Financial Details

  • Security Deposit $4,500
  • 12 Month Lease Term
  • 24 Month Lease Term
  • Application Fee: 50.00
  • Assessor Parcel Number 2522133025

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,511

Year Built

Built in 1925

Lot Details

0

Rental Info

  • Application Fee: 50.00
  • Lease Type: Single Family House
  • Security Deposit: 4500.00

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: Cats OK, Dogs OK, Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Finished
  • Sq Ft Combined: 1949
  • Sq Ft Lower Floor: 620
  • Total Sq Ft: 1329
  • Sq Ft Total Bsmt: 886

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 46
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

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: 400.00

Schools

  • School District: Royal Oak

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 46.00 x 105.00
  • Parcel Number: 2522133025

Multi Family

  • Length of Lease: 12 Months, 13-24 Months

MLS Schools

  • School District: Royal Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2023
Closed on
Jul 12, 2023
Sold by
Wilski Larin M
Bought by
Taneja Chow Family Trust
Seller's Agent
Bernard Shamow
EXP Realty Main
Buyer's Agent
Behzad Bokani
RE/MAX Dream Properties
List Price
$425,000
Sold Price
$385,000
Premium/Discount to List
-$40,000
-9.41%
Views
368
Current Estimated Value
$447,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,257
Avg. Annual Appreciation
7.33%

Purchase Details

Listed on
Apr 12, 2016
Closed on
May 6, 2016
Sold by
Satterlund David
Bought by
Wilski Larin M
Seller's Agent
Chad Hooks
Berkshire Hathaway HomeServices Kee Realty Bham
Buyer's Agent
Jody Lockwood
Hall & Hunter-Birmingham
List Price
$329,900
Sold Price
$330,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.13%
Original Mortgage
$304,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2009
Sold by
Rundong Llc
Bought by
Satterlund David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,330
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 2008
Sold by
Federal National Mortgage Association
Bought by
Rundong Llc

Purchase Details

Closed on
Jan 24, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 22, 2008
Sold by
Fern Jason
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Sep 30, 2005
Sold by
Apac Llc
Bought by
Fern Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 30, 2005
Sold by
Holeton John Leonard
Bought by
A P A C Llc
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
Taneja Chow Family Trust $385,000 None Listed On Document
Taneja Chow Family Trust $385,000 None Listed On Document
Wilski Larin M $320,000 Devonshire Title Agency
Satterlund David $143,200 Metropolitan Title Company
Rundong Llc $67,900 Warranty Title Agency Llc
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $176,307 None Available
Fern Jason $170,000 Devon Title Agency
A P A C Llc $145,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilski Larin M $304,000
Previous Owner Satterlund David $141,330
Previous Owner Fern Jason $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2025 03/27/25 Rented $3,000 0.0% --
03/25/2025 03/25/25 Under Contract -- -- --
03/03/2025 03/03/25 For Rent $3,000 0.0% --
03/31/2024 03/31/24 Rented $3,000 0.0% --
03/28/2024 03/28/24 Under Contract -- -- --
12/31/2023 12/31/23 For Rent $3,000 0.0% --
08/28/2023 08/28/23 Sold $385,000 -3.8% $290 / Sq Ft View Prior Sale
08/18/2023 08/18/23 Price Changed $400,000 0.0% $301 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
08/04/2023 08/04/23 Price Changed $400,000 -5.9% $301 / Sq Ft
07/11/2023 07/11/23 For Sale $425,000 +28.8% $320 / Sq Ft
05/06/2016 05/06/16 Sold $330,000 0.0% $236 / Sq Ft View Prior Sale
04/12/2016 04/12/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $329,900 -- $236 / 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
2024 $8,511 $183,230 $0 $0
2022 $7,883 $168,280 $0 $0
2020 $5,510 $154,270 $0 $0
2018 $7,883 $140,280 $0 $0
2017 $5,758 $140,280 $0 $0
2015 -- $87,440 $0 $0
2014 -- $76,230 $0 $0
2011 -- $68,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250013239

Realcomp

APN: 25-22-133-025