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1557 Edison St, Detroit, MI, 48206

$425,000

Home List Price

$5,047*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
2,537 SqFt
$168/SqFt
House

Location

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1557 Edison St, Detroit$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1917
HeatingNatural Gas, Hot Water
BasementYes
FireplaceLiving Room
MLS #20240068655
Lot Size0.14 Acres
StatusAccepting Backup Offers

About 1557 Edison St

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1917
  • Stories: 3
  • Living Area: 2,537 SqFt

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: Jay Taylor

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fenced

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: Driving N on Woodrow Wilson Ave, turn R onto Edison St

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $168/SqFt

Tax Information:

  • Annual Amount: $4,018
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

1557 Edison St vs Detroit

59 DAYS ON ROCKET

+14 Days

$425,000

+$340K More

$168/SqFt

+$94 More

KEY TAKEAWAY

This property is $340K more than the Median Sold Price and $94/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240068655

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: Jay Taylor

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/10/2024, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 09, 2019Home Sold
$190,000
Dec 18, 2012Home Sold
$10,500

Tax History

YEARPROP. TAXASSESSMENT
2021$4,018$66,800
2020$2,680$55,600
2018$2,680$35,200
2017$2,665$32,200

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-830584
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 0.58 miles

  • Public Charter Grades KG-5

school-card-donut-830585
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.55 miles

  • Public Charter Grades KG-5

school-card-donut-830586
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.57 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,476. Typical income of Detroit, MI residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1557 Edison St

What is the listing price of this property?

The listing price of 1557 Edison St property is $425,000.

What type of property is this?

The property 1557 Edison St is a house located in Detroit, Michigan, 48206.

Is this property for sale now?

Accepting Backup Offers: 1557 Edison St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,018 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 9, 2019 for $190,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1557 Edison St has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1557 Edison St is 2,537 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1557 Edison St is 1917.

Rocket Homes›Michigan›Wayne County›Detroit›48206›1557 Edison St

This home is located at 1557 Edison St in Detroit, MI and zip code 48206 in the Midtown neighborhood. This 2,537 square foot home, which was built in 1917, sits on a 0.14 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $425,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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