Sold
5303 Royal Vale Lane, Dearborn, MI 48126
Sold on 06/10/2026 for$405,000
MLS # 20261031069 (Realcomp)
2 beds4 baths1,545 sqftBuilt 1992
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Listing Description
5303 Royal Vale Lane is a beautiful condominium located in the prestigious Fairlane Woods gated community in Dearborn. This elegant home offers 2 bedrooms and 3.5 bathrooms across 1,545 square feet of beautiful living space. Upon entering, you will love the spacious living area with vaulted ceilings and abundant natural light. The kitchen is equipped with modern appliances and beautiful cabinetry, the kitchen connects to the open dining area. Upstairs, the expansive primary suite boasts a luxurious en-suite bathroom and a generous walk-in closet. An additional bedroom and well-appointed bathroom provide comfort and privacy for family or guests. All bathrooms have been beautifully updated. The fully finished basement is a great entertainment area that has a beautiful wet bar, a cozy family room, and a full bathroom. Residents of Fairlane Woods enjoy the security of a private, gated community with close proximity to the University of Michigan-Dearborn and Ford Motor Company, as well as access to the Clubhouse pool and workout gym. Buyers agent to verify all sizes of rooms.
Source: SparkMLS
About this home
This 2-bedroom, 4-bath, 1,545 sq ft home built in 1992 sits in Dearborn in Dearborn.
Closed at $405,000 (about $262/sq ft).
Property tax estimate: $6,661 per year ($555/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
Bathrooms4
Living Area1,545 sqft
Year Built1992
Stories2
Location
CityDearborn
MunicipalityDearborn City
Zip Code48126
CountyWayne
School DistrictDearborn
Construction & Systems
ConstructionBrick, Vinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed5/3/2026
Sold Date6/9/2026
Terms AcceptedCash, Conventional, FHA
HOA
HOA Fee$400 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$6,661
Parcel #32820914101146
Source: SparkMLS
Legal Description
UNIT 2 BLDG 1 MODEL D FAIRLAND WOODS COUNTRY TOWNHOMES CONDOMINIUM WAYNECOUNTY 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 Darlene M Ghabra
National Realty Centers, Inc
Frequently Asked Questions about 5303 Royal Vale Lane, Dearborn, MI 48126
What school district is 5303 Royal Vale Lane, Dearborn, MI 48126 in?
Per MLS# 20261031069, this property is served by Dearborn. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 5303 Royal Vale Lane, Dearborn, MI 48126?
Per MLS# 20261031069, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261031069, the most recent reported annual property tax for 5303 Royal Vale Lane, Dearborn, MI 48126 is $6,661. 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.
Is 5303 Royal Vale Lane, Dearborn, MI 48126 eligible for USDA financing?
Per USDA Rural Development boundary data, 5303 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5303 Royal Vale Lane, Dearborn, MI 48126 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
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.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Mortgage Calculator
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Monthly payment$3,059
Principal & interest$2,659
HOA$400
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
5303 Royal Vale Lane, Dearborn, MI 48126
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Municipality
Dearborn
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County
Wayne County
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