NOT LISTED FOR SALE

1517 Edison St Detroit, MI 48206

Boston Edison Neighborhood

Estimated Value: $337,000 - $425,642

5 Beds
6 Baths
2,498 Sq Ft
$159/Sq Ft Est. Value

Last Sold August 14, 2024

Last sale price $131,500 $53 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $2,490/month

32 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Hot Water Heating System
  • Cass Technical High School Rated 10
  • Covered Patio or Porch
  • Fenced

About This Home

As of August 2024

GREAT INVESTMENT PROPERTY IN BOSTON EDISON HISTORIC AREA!! COME TAKE A LOOK AT THIS THREE-STORY BRICK COLONIAL FEATURING 5 BEDROOMS, 3 FULL BATHS, 3 HALF BATHS. NICE SIZE LIVING ROOM W/ FIREPLACE, DINING AREA & KITCHEN. NATURAL LIGHT COMING FROM EVERY CORNER. SPACIOUS YARD PROPERTY SOLD IN AS IS CONDITION. REHAB STARTED BUT NEEDS TO BE FINISHED SOLD IN AS IS CONDITION. WINDOWS, ELECTRICAL, PLUMBING, DRYWALL, TILE, AND PAINT HAVE ALL STARTED.

Last Agent to Sell the Property

Hussein Farhat

RE/MAX Team 2000 License #6501300497 Listed on: 06/27/2024

RE/MAX Team 2000

Co-Listed By

Allen Gawall

RE/MAX Team 2000 License #6501285541

Last Buyer's Agent

Sam Berri

U.S. Investor Group License #6501413969

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1916

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40.00 x 134.00
  • Fenced

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2,498 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Boston Blvd Subdivision

Listing and Financial Details

  • Assessor Parcel Number W06I002416S

Home Details

Home Type

Single Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 3 Story
  • Assessment: 240.00
  • Year Built: 1916
  • State Equalized Value: 132100.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Room Count: 15
  • Total Bedrooms: 5
  • Total Bathrooms: 3.30
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished, Walk-Out Access
  • Sq Ft Combined: 2498
  • Total Sq Ft: 2498
  • Sq Ft Total Bsmt: 831

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exclusions: Yes
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Porch Type: Porch - Covered, Patio, Porch, Patio - Covered, Covered
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Detroit

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.12
  • Lot Dimensions: 40.00 x 134.00
  • Parcel Number: W06I002416S

Tax Info

  • Tax Amount Summer: 4380.0000
  • Tax Amount Winter: 507.0000
  • Total Tax: 4887.0000
  • Taxable Value: 53781.0000

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2023
Sold by
Sheriff Of Wayne County
Bought by
Wilmington Savings Fund Society Fsb
Current Estimated Value
$396,911

Purchase Details

Closed on
Nov 30, 2021
Sold by
Axiom Equity Group Llc
Bought by
Dobbs And Dobbs Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
3.09%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 27, 2020
Closed on
Jan 19, 2021
Sold by
160 Webb Llc
Bought by
Axiom Equity Group Llc
Seller's Agent
Alan Davidov
KW Domain
Buyer's Agent
Shawn Bargaineer
Condo.com
List Price
$149,900
Sold Price
$165,000
Premium/Discount to List
$15,100
10.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.83%
Original Mortgage
$211,100
Interest Rate
2.6%
Mortgage Type
Unknown

Purchase Details

Listed on
Aug 12, 2019
Closed on
Aug 14, 2019
Sold by
Casey Raashann
Bought by
160 Webb Llc
Seller's Agent
Benny Margolis
KW Domain
Buyer's Agent
Benny Margolis
Max Broock Realtors
List Price
$135,000
Sold Price
$135,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.07%

Purchase Details

Closed on
Mar 11, 2016
Sold by
Hodges Laura
Bought by
Casey Raashaun

Purchase Details

Closed on
Mar 10, 2015
Sold by
Angel Group Llc
Bought by
Hodges Laura

Purchase Details

Closed on
Nov 16, 2012
Sold by
Wayne County Treasurer
Bought by
Angel Group

Purchase Details

Closed on
Nov 5, 2008
Sold by
Charter County Of Wayne
Bought by
Lee Steve

Purchase Details

Closed on
Aug 30, 2006
Sold by
Andrews Alton P
Bought by
Countrywide Home Loans Inc
Source: Public Records

Range of Values:

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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
Wilmington Savings Fund Society Fsb $350,000 None Listed On Document
Wilmington Savings Fund Society Fsb $350,000 None Listed On Document
Dobbs And Dobbs Investments Llc $385,000 Peak Title Agency Co
Axiom Equity Group Llc $165,000 First American Title
160 Webb Llc $135,000 None Available
Casey Raashaun -- None Available
Hodges Laura -- None Available
Angel Group $3,600 None Available
Lee Steve $500 None Available
Countrywide Home Loans Inc $101,291 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dobbs & Dobbs Investments Llc $351,000
Previous Owner Axiom Equity Group Llc $211,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2024 08/14/24 Sold $131,500 -3.2% $53 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $135,900 0.0% $54 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $135,900 -17.6% $54 / Sq Ft
01/19/2021 01/19/21 Sold $165,000 +10.1% $66 / Sq Ft
12/28/2020 12/28/20 Pending -- -- --
11/27/2020 11/27/20 For Sale $149,900 +11.0% $60 / Sq Ft
08/16/2019 08/16/19 Sold $135,000 0.0% $64 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $135,000 -- $64 / Sq Ft
Source: Realcomp

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 $4,504 $191,100 $0 $0
2024 $4,504 $161,900 $0 $0
2023 $4,380 $132,100 $0 $0
2022 $4,917 $99,100 $0 $0
2021 $4,569 $58,600 $0 $0
2020 $4,567 $48,900 $0 $0
2019 $2,803 $36,900 $0 $0
2018 $2,417 $30,300 $0 $0
2017 $526 $27,700 $0 $0
2016 $2,342 $31,200 $0 $0
2015 $110 $1,100 $0 $0
2013 $4,119 $41,190 $0 $0
2010 -- $57,170 $1,091 $56,079
Source: Public Records

Agents Affiliated with this Home

  • Hussein Farhat

    Seller's Agent in 2024

    Hussein Farhat

    RE/MAX

    (313) 333-1588

    2 in this area

    107 Total Sales

    Hussein Farhat
    Section Image
  • Allen Gawall

    Seller Co-Listing Agent in 2024

    Allen Gawall

    RE/MAX

    (313) 600-1887

    2 in this area

    242 Total Sales

    Allen Gawall
    Section Image
  • Sam Berri

    Buyer's Agent in 2024

    Sam Berri

    U.S. Investor Group

    (248) 255-9114

    3 in this area

    153 Total Sales

    Sam Berri
    Section Image
  • Alan Davidov

    Seller's Agent in 2021

    Alan Davidov

    KW Domain

    (313) 404-7653

    2 in this area

    51 Total Sales

    Alan Davidov
    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Silvana Nissan

    RCH Brokerage Legacy Inc

  • Shawn Bargaineer

    Buyer's Agent in 2021

    Shawn Bargaineer

    Condo.com

    (313) 590-2849

    1 in this area

    18 Total Sales

    Shawn Bargaineer
    Section Image
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Map

Source: Realcomp

MLS Number: 20240045941

Realcomp

APN: 06-002416

Michigan Wayne County Detroit 48206 Boston Edison

1517 Edison St, Detroit, MI

This home is located at 1517 Edison St, Detroit, MI 48206 since 27 June 2024 and is currently estimated at $396,911, approximately $158 per square foot. This property was built in 1916. 1517 Edison St is a home located in Wayne County with nearby schools including Thirkell Elementary School, 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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