NOT LISTED FOR SALE

508 Melbourne St Detroit, MI 48202

North End Neighborhood

Estimated Value: $151,000 - $191,000

-- Bed
2 Baths
1,560 Sq Ft
$107/Sq Ft Est. Value

About This Home

This home is located at 508 Melbourne St, Detroit, MI 48202 and is currently estimated at $167,240, approximately $107 per square foot. 508 Melbourne St is a home located in Wayne County with nearby schools including Golightly Education Center, 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
May 6, 2004
Sold by
Wells Ronald Lee and Wells Tonya Diane
Bought by
Wells Ronald Lee
Current Estimated Value
$175,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,350
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2002
Sold by
Williams Tommie
Bought by
Wells Ronald Lee
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Wells Ronald Lee -- National Title Agency
Wells Ronald Lee $8,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Ronald Lee $135,000
Previous Owner Wells Ronald Lee $94,350
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 $268 $68,200 $0 $0
2024 $268 $57,200 $0 $0
2023 $504 $41,100 $0 $0
2022 $517 $25,000 $0 $0
2021 $512 $17,600 $0 $0
2020 $511 $16,500 $0 $0
2019 $491 $12,300 $0 $0
2018 $466 $10,900 $0 $0
2017 $34 $10,800 $0 $0
2016 $484 $21,800 $0 $0
2015 $180 $1,800 $0 $0
2013 $188 $1,877 $0 $0
2010 -- $2,489 $482 $2,007
Source: Public Records

Map

Michigan Wayne County Detroit 48202 North End

508 Melbourne St, Detroit, MI

This home is located at 508 Melbourne St, Detroit, MI 48202 and is currently estimated at $167,240, approximately $107 per square foot. 508 Melbourne St is a home located in Wayne County with nearby schools including Golightly Education Center, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

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