Sold
615 E 5TH Street, Royal Oak, MI 48067
Sold on 08/28/2023 for$385,000
MLS # 20230056299 (Realcomp)
3 beds3 baths1,949 sqftBuilt 19250.11 acres
1 / 38
Listing Description
MOTIVATED SELLER!! ......Welcome to this charming bungalow nestled in the highly sought-after location of Royal Oak. Situated in a desirable neighborhood, this home offers a perfect blend of character, modern amenities, and convenience. As you approach the property, you'll be greeted by front covered porch. Step inside and discover an updated kitchen, complete with cherry wood cabinets and granite countertops with ample storage. The living room showcases a captivating stone fireplace, 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 bedroom and storage. Step outside to the fenced backyard with a wood deck providing a space for entertaining. This bungalow is ideally situated near downtown Royal Oak, allowing for easy access to a wide array of restaurants, shops, and entertainment options. Enjoy the vibrant energy of the area and take advantage of all that Royal Oak has to offer.
Source: SparkMLS
About this home
3-bedroom, 3-bath, 1,949 sq ft home in Royal Oak in Royal Oak built in 1925.
This home sold for $385,000 (about $198/sq ft).
Annual property taxes run approximately $7,559 ($630/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms3
Living Area1,949 sqft
Lot Size0.11 acres
Year Built1925
Stories2
Location
CityRoyal Oak
MunicipalityRoyal Oak City
Zip Code48067
CountyOakland
School DistrictCity of Royal Oak
Construction & Systems
ConstructionVinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed7/10/2023
Sold Date8/27/2023
Original Price$425,000
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$7,882
State Equalized Value$202,680
Taxable Value$188,910
Parcel #2522133025
Source: Public Records
Legal Description
T1N, R11E, SEC 22 FOURTH AVENUE SUB NO 2 LOT 721
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Bernard Shamow
EXP Realty Main
Frequently Asked Questions about 615 E 5TH Street, Royal Oak, MI 48067
Which school district serves 615 E 5TH Street, Royal Oak, MI 48067?
Per MLS# 20230056299, 615 E 5TH Street, Royal Oak, MI 48067 is in the City of Royal Oak boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact City of Royal Oak directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20230056299, 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 615 E 5TH Street, Royal Oak, MI 48067?
Per public tax records, annual property taxes for this property are $7,882. 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, 615 E 5TH Street, Royal Oak, MI 48067 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 615 E 5TH Street, Royal Oak, MI 48067 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 615 E 5TH Street, Royal Oak, MI 48067?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy 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. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$7,559
Monthly$630
Millage rate37.2947 mills
Municipality: CITY OF ROYAL OAK
School district: FERNDALE CITY SCHOOL DIST
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$3,224
Principal & interest$2,594
Property taxes$630
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
615 E 5TH Street, Royal Oak, MI 48067
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Municipality
Royal Oak
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County
Oakland County
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