NOT LISTED FOR SALE

1511 1st St Detroit, MI 48226

Downtown Detroit Neighborhood
-- Bed
-- Bath
220,997 Sq Ft
0.37 Acres

About This Home

This home is located at 1511 1st St, Detroit, MI 48226. 1511 1st St is a home located in Wayne County with nearby schools including Burton International Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2014
Sold by
Ivey & Associates Llc
Bought by
The Town Residences Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 15, 2007
Sold by
Town Apartments Llc
Bought by
Ivey & Associates Llc and Detroit Town Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,293,000
Interest Rate
6.33%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2004
Sold by
Pm First Street Lp
Bought by
Town Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,800,000
Interest Rate
5.91%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Town Residences Llc -- None Available
Ivey & Associates Llc -- Lawyers Title
Town Apartments Llc -- Liberty Title Commercial
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed The Town Residences Llc $0
Open The Town Residences Llc $15,400,000
Closed The Town Residences Llc $5,000,000
Previous Owner Detroit Town Apartments Llc $5,293,000
Previous Owner Town Apartments Llc $5,800,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,349 $691,800 $0 $0
2024 $28,349 $691,800 $0 $0
2023 $27,546 $691,800 $0 $0
2022 $27,855 $629,000 $0 $0
2021 $26,999 $629,000 $0 $0
2020 $26,518 $629,000 $0 $0
2019 $25,864 $629,000 $0 $0
2018 $24,744 $1,424,600 $0 $0
2017 $21,122 $1,228,100 $0 $0
2016 $114,904 $1,210,000 $0 $0
2015 $110,000 $1,100,000 $0 $0
2013 -- $1,703,390 $0 $0
2010 -- $1,703,390 $160,140 $1,543,250
Source: Public Records

Map

Michigan Wayne County Detroit 48226 Downtown Detroit

1511 1st St, Detroit, MI

This home is located at 1511 1st St, Detroit, MI 48226. 1511 1st St is a home located in Wayne County with nearby schools including Burton International Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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