515 N Waverly ST , Dearborn, MI 48128
Est. $2,776/mo with current taxes · · See the breakdown
About this home
Welcome to this charming brick bungalow in Dearborn, offering 3 bedrooms, 2 full bathroom, and approximately 1,344 square feet of above-grade living space. This home features a spacious living room, a bright and functional kitchen, and beautiful hardwood flooring throughout much of the main level. The finished basement provides additional living space, including a game room, extra bedroom, and ample storage. Enjoy the fenced backyard, perfect for outdoor gatherings and relaxation, along with a covered front porch and patio. Additional highlights include a detached 1.5-car garage, natural gas forced-air heating, and a newer 100-amp electrical service with an entrance foyer. Conveniently located near Cherry Hill Road and Telegraph Road, with easy access to shopping, dining, and major roadways. A wonderful opportunity to own a home with character, space, and plenty of potential. Schedule your showing today!
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 50.87 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $339,700 |
| Beds | 3 |
| Baths | 2 full |
| Square feet | 2,254 |
| Type | Single family residence |
| Subdivision | DEARBORN HIGHLAND |
| County | Wayne |
| MLS # | 20261087829 |
| Listed | 2026-11-03 |
| Days on market | 0 |
| Year built | 1952 |
| Possession | At closing |
| Stories | 1.5 stories |
| Basement | Finished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Block |
| Garage spaces | 1.5 |
| Water / Sewer | City water & sewer |
| Parcel number | 32820916323018 |
| Listing office | Got Key'D Realty |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $120,877 | about $169,850 |
| Yearly property tax | $6,047 | about $8,640 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $2,593 a year more than this seller pays. The assessor's state equalized value (SEV) is $140,600. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Dearborn's 2025 homestead rate of 50.87 mills and assumes you claim the homestead exemption. See Dearborn's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-04T01:25+00:00; refreshed at least twice daily.