515 N Waverly Street

About this home

Welcome to this charming brick bungalow in Dearborn, offering 3 bedrooms, 2 full bathroom, and approximately 1,344 square feet of above-grade living space. This home features a spacious living room, a bright and functional kitchen, and beautiful hardwood flooring throughout much of the main level. The finished basement provides additional living space, including a game room, extra bedroom, and ample storage. Enjoy the fenced backyard, perfect for outdoor gatherings and relaxation, along with a covered front porch and patio. Additional highlights include a detached 1.5-car garage, natural gas forced-air heating, and a newer 100-amp electrical service with an entrance foyer. Conveniently located near Cherry Hill Road and Telegraph Road, with easy access to shopping, dining, and major roadways. A wonderful opportunity to own a home with character, space, and plenty of potential. Schedule your showing today!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Dearborn

Over the last 90 days, 230 homes sold in Dearborn for a median of $272,500, about $156 per square foot, and the typical one went under contract in 9 days. This home is listed at $339,700, or $151 per square foot, 3% below the city median, and has been on the market 4 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Dearborn sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $6,047 a year. A buyer who lives here would pay about $6,211 to $8,727 a year once the taxable value resets after the sale, at the 2025 homestead rate of 50.87 mills for Dearborn City and Dearborn 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 Dearborn

$293,000

3 bd · 2 ba · 1,974 sqft

7300 Barrie Street, Dearborn

Listing courtesy of Beycome Brokerage Realty LLC

$284,999

3 bd · 1.5 ba · 1,890 sqft

2207 Kingsbury Avenue, Dearborn

Listing courtesy of Keller Williams Legacy

$239,900

2 bd · 1 ba · 1,825 sqft

1711 N Waverly Street, Dearborn

Listing courtesy of Century 21 Curran & Oberski

$375,000

5 bd · 4 ba · 2,160 sqft

6635 Appoline Street, Dearborn

Listing courtesy of EXP Realty The Perna Team

$375,000

4 ba · 2,160 sqft

6635 Appoline Street, Dearborn

Listing courtesy of EXP Realty The Perna Team

$249,999

3 bd · 1 ba · 957 sqft

3525 Syracuse Street, Dearborn

Listing courtesy of Keller Williams Legacy

See all Dearborn homes for sale →