5243 Royal Vale Ln
Dearborn, MI 48126
3 bd 3 ba 1,972 sqft Built 1993 condos
Most recent sale
$390,000
Jun 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 27, 2022 | Sold | $390,000 | Public Record |
| Jun 21, 2022 | Sold | $390,000 | Realcomp |
| Mar 24, 2022 | Listed | $399,900 | MLS #2220019599 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $146,800 | $6,665 |
| 2020 | — | — | $140,800 | $7,417 |
| 2019 | — | — | $132,100 | $7,410 |
| 2018 | — | — | $119,300 | $7,224 |
| 2017 | — | — | $115,850 | $7,063 |
| 2016 | — | — | $115,900 | $6,085 |
| 2015 | — | — | $119,350 | $6,901 |
| 2014 | — | — | $99,450 | $6,748 |
| 2013 | — | — | $90,400 | $6,449 |
| 2012 | — | — | $90,400 | $6,579 |
| 2011 | — | — | $90,400 | $6,067 |
| 2010 | — | — | $100,450 | $6,453 |
| 2009 | — | — | $118,150 | $7,282 |
| 2008 | — | — | $131,300 | $7,560 |
| 2007 | — | — | $154,500 | $8,852 |
Property facts
Year built
1993
Property type
condos
Stories
2
Beds
3
Baths
3
Living area
1,972 sqft
Lot size
—
ZIP code
48126
City
Dearborn
Street
Royal Vale Ln
Coordinates
42.32521, -83.23158
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,958
Gross rental yield
9.10%
Implied cap rate
5.92%
Trend-extrapolated value
—
Frequently asked questions
When did 5243 Royal Vale Ln last sell?
5243 Royal Vale Ln most recently sold on Jun 27, 2022 for $390,000.
What is the current tax assessment for 5243 Royal Vale Ln?
The most recent total assessment for 5243 Royal Vale Ln (year 2021) is $146,800 with $6,665 in property tax.
How does 5243 Royal Vale Ln's assessment compare to its last sale price?
The current assessment is 62.4% below the last sale price of $390,000.
When was 5243 Royal Vale Ln built?
5243 Royal Vale Ln was built in 1993.
How does 5243 Royal Vale Ln compare to others on Royal Vale Ln?
We track 8 other properties on Royal Vale Ln. Browse the list under "Other properties on Royal Vale Ln" to compare beds, baths, and sale history.
What are the property facts for 5243 Royal Vale Ln?
5243 Royal Vale Ln is a 3 bed, 3 bath, 1,972 sqft condos.
Is 5243 Royal Vale Ln a flip candidate?
No — 5243 Royal Vale Ln does not appear in our flips dataset.
Is 5243 Royal Vale Ln a tax-appeal candidate?
No — 5243 Royal Vale Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.6%
Implied 1-yr
+6.2%
2026 Q3
$264.4K
2026 Q4
$268.2K
ZIP 48126 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Royal Vale Ln