5389 Royal Vale Lane
Dearborn, MI 48126
Condominium · MLS # 20261089654 · Listing courtesy of RE/MAX Team 2000
About this home
Welcome to this stunning, beautifully updated condo nestled in the highly desirable Fairlane Woods community in the heart of Dearborn! Offering the perfect combination of elegance, comfort, and convenience, this exceptional home is truly one you don't want to miss. Step inside and experience an inviting, spacious layout featuring an expansive living room perfect for entertaining or relaxing, a beautifully appointed kitchen with a dedicated dining area, and two generously sized bedrooms, including a primary suite complete with its own private full bathroom. With three full bathrooms throughout, this home offers both comfort and functionality. But the real showstopper awaits downstairs! The finished basement features an incredible, dedicated movie theater room designed to deliver a true cinematic experience right in the comfort of your own home. Whether you're hosting movie nights, entertaining guests, or simply unwinding, this one-of-a-kind space takes home entertainment to another level. Location is everything, and this property delivers! Situated in one of Dearborn's most desirable areas, you're just minutes from Fairlane Town Center, endless shopping and dining options, the University of Michigan-Dearborn, Ford World Headquarters, Henry Ford College, and The Henry Ford Museum. With convenient access to Ford Road, Southfield Freeway, and major expressways, everything Metro Detroit has to offer is within easy reach. Beautifully updated, exceptionally spacious, and featuring an entertainment space that truly sets it apart, this is more than just a condo—it's a lifestyle. Experience the perfect balance of low-maintenance living, comfort, and convenience in the heart of Dearborn. Schedule your private showing today!
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 $349,900, or $148 per square foot, 5% below the city median, and has been on the market 1 day. 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 $6,479 a year. A buyer who lives here would pay about $6,655 to $8,989 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
Similar homes in Dearborn
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