new - 2 days on rocket

5302 Royal Vale Ln, Dearborn, MI, 48126

$320,000

Home List Price

$3,800*

Closing Credit

2 Bedrooms
3 Full Baths
1,730 SqFt
$185/SqFt
Condo

Location

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5302 Royal Vale Ln, Dearborn$320,000

Buyer Closing Credits

$3,800*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAttached
Attached Garage2 spaces
Year Built1992
HeatingForced Air, Other
BasementYes
MLS #81025000402
Lot Size0.04 Acres
StatusActive

About 5302 Royal Vale Ln

This stunning 2-bedroom condo offers the perfect blend of luxury and security within the prestigious gated community of Fairlane Woods. It features a spacious master suite with a walk-in closet and private bath, a generous eat-in kitchen, and a welcoming living room complete with a gas fireplace and access to a wood deck. The home also boasts a large finished basement, providing ample space for recreation or family gatherings. With an attached 2-car garage and a total of three bathrooms, convenience and functionality are ensured. SELLER FINANCING AND LAND CONTRACT OPTIONS ARE AVAILABLE. Don't miss out please contact us as soon as possible. All measurements are approximate, and buyer's agent should verify details.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1992
  • Stories: 2
  • Living Area: 1,730 SqFt

Listing Office:

  • Office Name: Empire Realty Group
  • Office Phone: (313) 846-0960
  • Listing Agent: Ammar Ali

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Other

Other

Directions Information:

  • Directions: Entering the Ford Rd entrance of this gated community take right into Royal Vale.

Price Information

Listing Price Info

Price Summary:

  • List Price: $320,000
  • Price Per SqFt: $185/SqFt

Tax Information:

  • Annual Amount: $6,111
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Dearborn, MI.

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Dearborn, MI

City

Med. Sold Price

$260K

Med. Price/SqFt

$144

Avg. Days On Market

19

# of Sold Homes

57

5302 Royal Vale Ln vs Dearborn

2 DAYS ON ROCKET

-17 Days

$320,000

+$60K More

$185/SqFt

+$41 More

KEY TAKEAWAY

This property is $60K more than the Median Sold Price and $41/SqFt more than other homes in Dearborn, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Metropolitan Association of REALTORS
  • MLS Number: #81025000402

Listing Office:

  • Office Name: Empire Realty Group
  • Office Phone: (313) 846-0960
  • Listing Agent: Ammar Ali

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/7/2025, 9:21:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 19, 2021Home Sold
$235,000
Mar 05, 2021Home Sold
$230,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,111$114,100
2020$4,614$104,500
2018$4,614$94,500
2017$4,511$92,000

History based on county public records data.

Payment Calculator

$1,665

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,026

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-782806
6
/10

  • River Oaks Elementary School

  • 20755 Ann Arbor Trl

  • 0.87 miles

  • Public District Grades PK-5

school-card-donut-782807
4
/10

  • Henry Ford Elementary School

  • 16140 Driscoll St

  • 1.62 miles

  • Public District Grades PK-5

school-card-donut-782808
8
/10

  • Howard Elementary School

  • 1611 N York St

  • 1.76 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,579. Residents of Dearborn, MI typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5302 Royal Vale Ln

What is the listing price of this property?

The listing price of 5302 Royal Vale Ln property is $320,000.

What type of property is this?

The property 5302 Royal Vale Ln is a condo located in Dearborn, Michigan, 48126.

Is this property for sale now?

Active Listing: 5302 Royal Vale Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,111 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 19, 2021 for $235,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5302 Royal Vale Ln has 2 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5302 Royal Vale Ln is 1,730 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5302 Royal Vale Ln is 1992.

Rocket Homes›Michigan›Wayne County›Dearborn›48126›5302 Royal Vale Ln

This home is located at 5302 Royal Vale Ln in Dearborn, MI and zip code 48126 in the Fairlane neighborhood. This 1,730 square foot home, which was built in 1992, sits on a 0.04 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 04, 2025 and is currently priced at $320,000.

Dearborn, MI housing market in December 2024 saw over 23 listings sold above listed price, more than 8 sold at listed price and over 26 sold below. The inventory of homes for sale in Dearborn, MI between November 2024 and December 2024 decreased by 9.2%. The median list price of listings available in December 2024 was $260,000, while the average time on the real estate market was 19 days.

From Rocket Homes Real Estate and based on county public records data.

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