For Sale
515 N WASHINGTON Street, Ypsilanti, MI 48197
$100,000
MLS # 20261017553 (Realcomp)
0.13 acres
1 / 3
Listing Description
This is a rare chance to own a corner lot in Ypsilanti within walking distance to Eastern Michigan University and Depot Town—two of the area’s most sought-after destinations. Enjoy close proximity to restaurants, parks, and vibrant local amenities. Demand for new construction in this area remains high, making this a compelling opportunity for investors, builders, or future homeowners to create something all their own from the ground up.**Per city records, this property carries a historic designation. The existing structure is not habitable. Buyer to verify all information and any applicable city requirements. Sold as-is; land value opportunity.
Source: SparkMLS
About this home
Currently offered at $100,000.
Estimated annual property tax: $4,628, or about $386 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.13 acres
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Sale & Financing
Listed3/26/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,628
Parcel #111140107002
Source: SparkMLS
Legal Description
*OLD SID - 11 11-135-009-00 YP CITY 17W-3 LOT 9, & N 47 FT OF E 22 FT OF LOT 22 CASE & PERRY'S ADDITION.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Ypsilanti Historic District (2025)
Exterior changes may require Historic District Commission (HDC) approval
Source: City of Ypsilanti Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Oraibe E Breadiy
HomeCraft Real Estate
Frequently Asked Questions about 515 N WASHINGTON Street, Ypsilanti, MI 48197
Which school district serves 515 N WASHINGTON Street, Ypsilanti, MI 48197?
Per MLS# 20261017553, 515 N WASHINGTON Street, Ypsilanti, MI 48197 is in the Ypsilanti boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ypsilanti directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261017553, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 515 N WASHINGTON Street, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $4,628. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 515 N WASHINGTON Street, Ypsilanti, MI 48197 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.
Is 515 N WASHINGTON Street, Ypsilanti, MI 48197 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
Is 515 N WASHINGTON Street, Ypsilanti, MI 48197 in a historic district?
Per municipal ordinance records, this property is within the Ypsilanti Historic District (2025). Exterior changes to properties in locally-designated historic districts typically require approval from the Historic District Commission. Verify current requirements with the local HDC.
What utilities serve 515 N WASHINGTON Street, Ypsilanti, MI 48197?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$649
Principal & interest$649
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
515 N WASHINGTON Street, Ypsilanti, MI 48197
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Neighborhood
Riverside
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Community
Ypsilanti
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County
Washtenaw County
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