$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

Range of Values:

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List Price
Sold Price
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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

  • Isaac Oserin

    Seller's Agent in 2024

    Isaac Oserin

    O'Connor Realty Detroit, LLC

    (917) 733-6686

    14 in this area

    27 Total Sales

    Isaac Oserin
    Section Image
  • Natallia Tsarkouskaya

    Buyer's Agent in 2024

    Natallia Tsarkouskaya

    Sky High Agency LLC

    (586) 662-5577

    1 in this area

    66 Total Sales

    Natallia Tsarkouskaya
    Section Image
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Map

Source: Realcomp

MLS Number: 20240053149

Realcomp
Michigan Wayne County Detroit 48207 Lafayette Park

1550 Cherboneau Place Unit 124, Detroit, MI

This home is located at 1550 Cherboneau Place Unit 124, Detroit, MI 48207 and is currently priced at $60,000, approximately $66 per square foot. This property was built in 1963. 1550 Cherboneau Place Unit 124 is a home located in Wayne County with nearby schools including Chrysler Elementary School, Ralph J.Bunche Preparatory Academy, and Charles L. Spain Elementary-Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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