5237 Royal Vale LN , Dearborn, MI 48126
Est. $3,377/mo with current taxes · · See the breakdown
About this home
Beautiful 2-Bedroom, 3-Bathroom Condo with Cathedral ceiling in Fairlane Woods for Sale! This well-maintained and clean condo offers two spacious bedrooms, three full bathrooms, and a professionally finished basement with ample storage space. Recent updates include new window treatments, modern appliances, ceiling fans, a high-efficiency hot water heater, new hardwood floor in family room, and new granite countertops in the kitchen. The air conditioning unit was installed in 2023, and the forced air system is just 5 years old, ensuring comfort and energy efficiency. 2.5 car attached garage with new door 2024. This move-in-ready home combines style, functionality, and modern upgrades.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 50.87 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $389,900 |
| Beds | 2 |
| Baths | 3 full |
| Square feet | 2,524 |
| Type | Condominium |
| Subdivision | FAIRLANE WOODS CONDO |
| County | Wayne |
| MLS # | 20261088923 |
| Listed | 2026-11-03 |
| Days on market | 0 |
| Year built | 1993 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Finished, Full |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Poured, Sump pump |
| Garage spaces | 2.5 |
| Water / Sewer | Community / Sewer at street |
| Fireplace | Yes |
| Pool | Community, Outdoor |
| Parcel number | 32820914101213 |
| Listing office | Century 21 Curran & Oberski |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $93,487 | about $194,950 |
| Yearly property tax | $4,677 | about $9,917 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $5,240 a year more than this seller pays. The assessor's state equalized value (SEV) is $157,500. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Dearborn's 2025 homestead rate of 50.87 mills and assumes you claim the homestead exemption. See Dearborn's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-03T21:03+00:00; refreshed at least twice daily.