For Sale
5237 Royal Vale Lane, Dearborn, MI 48126
$412,900
MLS # 20261044865 (Realcomp)
2 beds3 baths2,524 sqftBuilt 19930 acres
1 / 30
Listing Description
Beautiful 2-Bedroom, 3-Bathroom Condo with Cathedral ceiling in Fairlane Woods for Sale! This well-maintained and clean condo offers two spacious bedrooms, three full bathrooms, and a professionally finished basement with ample storage space. Recent updates include new window treatments, modern appliances, ceiling fans, a high-efficiency hot water heater, new hardwood floor in family room, and new granite countertops in the kitchen. The air conditioning unit was installed in 2023, and the forced air system is just 5 years old, ensuring comfort and energy efficiency. 2.5 car attached garage with new door 2024. This move-in-ready home combines style, functionality, and modern upgrades.
Source: SparkMLS
About this home
2-bedroom, 3-bath, 2,524 sq ft home in Dearborn in Dearborn built in 1993.
Asking $412,900 (about $164/sq ft).
Annual property taxes run approximately $4,677 ($390/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms3
Living Area2,524 sqft
Year Built1993
Stories2
Location
CityDearborn
MunicipalityDearborn City
Zip Code48126
CountyWayne
School DistrictDearborn
Construction & Systems
ConstructionBrick
Garage2.5 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed6/15/2026
Original Price$429,900
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$365 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash
Source: SparkMLS
Tax Information
Annual Tax$4,677
Parcel #32820914101213
Source: SparkMLS
Legal Description
UNIT 69 BLDG 15 MODEL C FAIRLANE WOODS COUNTRY TOWNHOMES CONDOMINIUMS WAYNE CO. SUB PLAN NO 317
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Sam Baydoun
Century 21 Curran & Oberski
Frequently Asked Questions about 5237 Royal Vale Lane, Dearborn, MI 48126
Which school district serves 5237 Royal Vale Lane, Dearborn, MI 48126?
Per MLS# 20261044865, 5237 Royal Vale Lane, Dearborn, MI 48126 is in the Dearborn boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Dearborn directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261044865, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5237 Royal Vale Lane, Dearborn, MI 48126?
Per public tax records, annual property taxes for this property are $4,677. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5237 Royal Vale Lane, Dearborn, MI 48126 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 5237 Royal Vale Lane, Dearborn, MI 48126 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 5237 Royal Vale Lane, Dearborn, MI 48126?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Mortgage Calculator
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Monthly payment$3,043
Principal & interest$2,678
HOA$365
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5237 Royal Vale Lane, Dearborn, MI 48126
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Municipality
Dearborn
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County
Wayne County
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