5389 Royal Vale LN , Dearborn, MI 48126
Est. $3,275/mo with current taxes · · See the breakdown
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!
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 | $349,900 |
| Beds | 2 |
| Baths | 3 full |
| Square feet | 2,360 |
| Type | Condominium |
| Subdivision | FAIRLANE WOODS CONDO |
| County | Wayne |
| MLS # | 20261089654 |
| Listed | 2026-11-05 |
| Days on market | 1 |
| Year built | 1992 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Finished |
| Heating | ENERGY STAR furnace, Natural gas |
| Foundation | Basement, Poured |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Pool | Community, In-ground |
| Parcel number | 32820914101169 |
| Listing office | RE/MAX Team 2000 |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $129,522 | about $174,950 |
| Yearly property tax | $6,479 | about $8,900 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $2,421 a year more than this seller pays. The assessor's state equalized value (SEV) is $161,700. 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 2026-11-06T10:58+00:00; refreshed at least twice daily.