For Sale
1532 Waterman Street, Detroit, MI 48209
$169,900
MLS # 20261017927 (Realcomp)
3 beds2 baths1,278 sqftBuilt 19120.11 acres
1 / 19
Listing Description
CHARMING 1.5-STORY BUNGALOW PACKED WITH POTENTIAL! THIS 3-BEDROOM, 2-BATH HOME OFFERS 1,278 SQ FT OF LIVING SPACE PLUS A FULL BASEMENT FOR EXTRA STORAGE OR FUTURE FINISHING OPTIONS. THIS HOME FEATURES CLASSIC CHARACTER AND A FUNCTIONAL LAYOUT READY FOR YOUR PERSONAL TOUCH. SITUATED ON A LARGE LOT, THERE IS PLENTY OF OUTDOOR SPACE WITH ENDLESS POSSIBILITIES—EXPAND, CREATE YOUR DREAM YARD, OR INVEST FOR FUTURE VALUE! ENJOY THE PORCH, LARGE LIVING ROOM AND ROOMY KITCHEN, PERFECT FOR RELAXING AND ENTERTAINING. GREAT OPPORTUNITY FOR INVESTORS OR BUYERS LOOKING TO BUILD EQUITY. OFFERED WITH FLEXIBLE LAND CONTRACT TERMS OR CASH—DON’T MISS OUT ON THIS OPPORTUNITY! Property ID:W18I008150S - Does not include adjacent parcel.
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,278 sq ft home built in 1912 sits in Vernor Junction in Detroit.
Currently offered at $169,900 (about $133/sq ft).
Estimated annual property tax: $2,157, or about $180 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,278 sqft
Lot Size0.11 acres
Year Built1912
Stories2
Location
CityDetroit
Zip Code48209
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/23/2026
Original Price$149,900
Terms AcceptedCash, Conventional, Land Contract
Source: SparkMLS
Tax Information
Annual Tax$707
Tax Year2025
State Equalized Value$33,600
Assessed Value$33,600
Parcel #18008150.
Source: Public Records
Legal Description
E WATERMAN 248 CLARKS SUB L4 P24 PLATS, W C R 18/164 30 X 152
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Zeinab Bazzi
EXP Realty Main
Frequently Asked Questions about 1532 Waterman Street, Detroit, MI 48209
What school district is 1532 Waterman Street, Detroit, MI 48209 in?
Per MLS# 20261017927, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 1532 Waterman Street, Detroit, MI 48209?
Per MLS# 20261017927, the seller has indicated this property accepts the following financing types: Cash, Conventional, Land Contract. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261017927, the most recent reported annual property tax for 1532 Waterman Street, Detroit, MI 48209 is $1,726. 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 1532 Waterman Street, Detroit, MI 48209 eligible for USDA financing?
Per USDA Rural Development boundary data, 1532 Waterman Street, Detroit, MI 48209 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, 1532 Waterman Street, Detroit, MI 48209 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.
Map
Tax Estimate
$
Annual tax$2,157
Monthly$180
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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%
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Monthly payment$1,282
Principal & interest$1,102
Property taxes$180
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
1532 Waterman Street, Detroit, MI 48209
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Neighborhood
Vernor Junction
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Community
Detroit
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County
Wayne County
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