tomo logo

$399,000

Beds
5
Baths
2.5
sq ft
2,537

1557 Edison St, Detroit, MI 48206

1557 Edison St

Detroit, MI 48206

  • 70 days on market
    • Price drop $26,000↓
A home that is located on a prime street so you enjoy the beauty of the prestigious Boston Edison Historic district, with close proximity to all the cultural and experiences of the city. One block from The Congregation that hosts a weekly farmers market and a short drive to the thriving restaurants and culture of Midtown and downtown. This five-bedroom home has been lovingly restored, respecting the original features of the house including original floors and wood-paneled dining room, while creating more functionality like a free standing tub and dinette for breakfast. With a formal dining room and a lovely backyard - this is a great home for entertaining. This home also features a detached 2-car garage and a basement that could be renovated for a bonus space. Eligible for the NEZ-homestead 15-year property tax abatement.

Details

Property type

Single Family Residence

Est. home value

$361,434

Lot size

6,098 sq ft

Price per sq ft

$158

Year built

1917

Annual property taxes

$13,019

Price History

11/18/2024
Realcomp

Realcomp #20240068655

Price change
$399,000
-6.12%
10/17/2024
Realcomp

Realcomp #20240068655

Price change
$425,000
-2.3%
09/12/2024
Realcomp

Realcomp #20240068655

Listed
$435,000
+74%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

F Street Investments Llc

Loan start date

June 2023

Original loan amount

$281,850

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Future Advance Clause / Open End Mortgage, 0 year

Seller

Nomad Life Llc

Lender

F Street Investments Llc

Loan start date

June 2023

Original loan amount

$281,850

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Future Advance Clause / Open End Mortgage, 0 year

Seller

Nomad Life Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Realcomp
$398,800
5 bd
|
2.5 ba
|
3,061 sq ft
|
House

339 Josephine St, Detroit, MI 48202

Price drop
Realcomp
$349,000
5 bd
|
4.5 ba
|
2,952 sq ft
|
House

2465 Longfellow St, Detroit, MI 48206

Realcomp
$409,000
5 bd
|
3 ba
|
3,000 sq ft
|
House

5208 Commonwealth St, Detroit, MI 48208

Status: Active

Tomo last checked: 11/22/2024 at 10:05 AM

Listing updated: 11/18/2024 at 10:05 AM

Listed by: Jay Taylor, Good Company Phone #: (248) 733-5811

MLS: Realcomp #20240068655

Realcomp logo

Recently listed in Detroit

$80,000|3 bd|1.0 ba|House
$85,000|3 bd|1.0 ba|House
$175,000|20 bd|11.0 ba|House
$125,000|3 bd|1.0 ba|House
$150,000|2 bd|1.0 ba|Townhouse
$94,900|3 bd|1.0 ba|House
$129,900|3 bd|1.0 ba|House
$135,000|3 bd|1.0 ba|House
$119,300|3 bd|1.5 ba|House