Sold
1525 Taylor Street, Detroit, MI 48206
Sold on 05/29/2026 for$15,000
MLS # 20261037507 (Realcomp)
3 beds1 bath1,196 sqftBuilt 19150.09 acres
1 / 3
Listing Description
Development opportunity located in the desirable Virginia Park Community. This property is within walking distance to local restaurants, coffee shops, and ongoing neighborhood redevelopment. Surrounded by revitalization and conveniently located near major corridors, this is an excellent opportunity for an investor or buyer looking to renovate, redevelop, or hold in a growing area. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 1,196 sq ft home built in 1915 sits in Rosa Parks in Detroit.
This home sold for $15,000 (about $13/sq ft).
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,196 sqft
Lot Size0.09 acres
Year Built1915
Stories2
Location
CityDetroit
Zip Code48206
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionWood Siding
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/21/2026
Sold Date5/28/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$30
Tax Year2025
State Equalized Value$300
Assessed Value$300
Parcel #06002192.
Source: Public Records
Legal Description
S TAYLOR 47 DUDLEYS SUB L22 P64 PLATS, W C R 6/116 30 X 127
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Catina Willis
Next Level Realty & Investments
Frequently Asked Questions about 1525 Taylor Street, Detroit, MI 48206
What school district is 1525 Taylor Street, Detroit, MI 48206 in?
Per MLS# 20261037507, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261037507, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261037507, the most recent reported annual property tax for 1525 Taylor Street, Detroit, MI 48206 is $38. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 1525 Taylor Street, Detroit, MI 48206 eligible for USDA financing?
Per USDA Rural Development boundary data, 1525 Taylor Street, Detroit, MI 48206 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1525 Taylor Street, Detroit, MI 48206 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$19
Monthly$2
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$118
Principal & interest$117
Property taxes$2
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1525 Taylor Street, Detroit, MI 48206
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Neighborhood
Rosa Parks
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Community
Detroit
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County
Wayne County
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