5235 Royal Vale Lane #70

About this home

Welcome to 5235 Royal Vale Ln, a charming condominium located in the heart of Dearborn, MI- a comfortable and convenient living experience with its thoughtfully designed layout. The exterior features a classic and well-maintained façade, promising a warm welcome each time you arrive home. Inside, the condo provides spacious living areas that are appropriate for both relaxation and entertaining. Large windows allow natural light to fill the space, creating a bright and inviting atmosphere. The kitchen boasts ample cabinet space, ensuring you have plenty of storage for all your culinary needs. Enjoy the benefits of condominium living with access to community amenities and maintenance services that enhance your lifestyle. Positioned in a desirable location, this property provides easy access to local conveniences and attractions, making it a wonderful place to call home.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Dearborn

Over the last 90 days, 230 homes sold in Dearborn for a median of $272,500, about $156 per square foot, and the typical one went under contract in 9 days. This home is listed at $389,999, or $219 per square foot, 40% above the city median, and has been on the market 100 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Dearborn sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $4,890 a year. A buyer who lives here would pay about $5,734 to $10,019 a year once the taxable value resets after the sale, at the 2025 homestead rate of 50.87 mills for Dearborn City and Dearborn schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.

Location

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