1531 Waterman Street
Detroit, MI 48209
Single Family Residence · MLS # 20261091330 · Listing courtesy of EXP Realty Main
About this home
Welcome to this spacious and well-maintained 4-bedroom, 2-bath home in the heart of Southwest Detroit! Offering a comfortable and functional layout, this home features an updated kitchen, generously sized living and dining areas, and plenty of room to make it your own. The partially finished basement provides additional flexible space for recreation, hobbies, or storage, while the large garage offers added convenience. Ideally situated near the vibrant West Vernor corridor, with access to local restaurants, shopping, parks, and neighborhood amenities. Enjoy the character and culture of Southwest Detroit with convenient connections to Corktown, Michigan Central, Downtown Detroit, and major expressways. A wonderful opportunity to own a spacious, lovingly maintained home in one of Detroit's most culturally vibrant communities. Schedule your showing today!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $190,000, or $97 per square foot, 37% above the city median, and has been on the market 3 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $3,916 a year. A buyer who lives here would pay about $2,402 to $6,158 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Detroit
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