$60,000
SOLD DEC 10, 2024

1550 Cherboneau Place Unit 124 Detroit, MI 48207

Lafayette Park Neighborhood
2 Beds
1 Bath
900 Sq Ft
$725/mo HOA Fee

Recently Sold

$67 Per Sq Ft

14% Below List Price

110 Days on Market

Highlights

  • Ground Level Unit
  • 1-Story Property
  • Laundry Facilities
  • Cass Technical High School Rated 10
  • Baseboard Heating

About This Home

As of December 2024

Unbeatable Location!! Affordable Downtown living. Centrally located in Historic Lafayette Park, this bright two bedroom unit features include central AC, kitchen with stainless steel appliances and vintage steel kitchen cabinets. There are abundant closets. Community features include gated parking, exercise room, workshop, library/lounge, laundry room, community room (also available for rent), elevator and private storage. Financially solvent and well-maintained co-op is 100% owner-occupied. Financing is NOT allowed as well as investors or pets. Co-op approval required to purchase. Must be purchaser's primary residence. Minimum credit of 670 required. Minimum income of $26,400 required. HOA is $725/mo and INCLUDES REAL ESTATE TAXES, heat, water, trash, AC maintenance & building maintenance/insurance. Cherboneau Place Cooperative is located in Lafayette Park, a National Historic Landmark District which includes the largest collection of residential buildings designed by Mies van der Rohe. Walk to Eastern Market, Dequindre Cut Greenway, Greektown, Riverwalk and all Downtown sporting venues!

Last Agent to Sell the Property

Isaac Oserin

O'Connor Realty Detroit, LLC License #6501406972 Listed on: 07/23/2024

Last Buyer's Agent

Natallia Tsarkouskaya

Sky High Agency LLC License #6502416302

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1963

HOA Fees

  • $725 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level Unit

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • $1,000 Seller Concession

Community Details

Overview

  • Marcus Management Association

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Year Built

Built in 1963

Lot Details

0

HOA Fees

$725 per month

Listing Details

  • Property Type: Condominium
  • Architecture Level: 1 Story Ground
  • Year Built: 1963
  • Entry Location: Ground Level
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Sq Ft Combined: 900
  • Total Sq Ft: 900

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Gas, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Trash, Water
  • Association Fee Frequency: Monthly
  • Phone: marcusmgt@aol.com
  • Association Fee: 725
  • Association Contact: Marcus Management
  • Association Fee: Yes

Schools

  • School District: Detroit

Rental Info

  • Tenant Amenities: Laundry On Site

MLS Schools

  • School District: Detroit

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2024 12/10/24 Sold $60,000 -1.5% $67 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $60,900 -7.6% $68 / Sq Ft
09/11/2024 09/11/24 Price Changed $65,900 -5.7% $73 / Sq Ft
07/23/2024 07/23/24 For Sale $69,900 -- $78 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240053149

Realcomp