$39,900
UNDER CONTRACT $5K PRICE DROP

1550 Cherboneau Place Unit 127 Detroit, MI 48207

Lafayette Park Neighborhood

Estimated payment $974/month

Total Views 18,293
2 Beds
1 Bath
900 Sq Ft
$44 Price per Sq Ft

Highlights

  • Ranch Style House
  • Ground Level Unit
  • Baseboard Heating
  • Cass Technical High School Rated 10
  • Lobby

About This Home

Amazing Opportunity at a Unbeatable New Price-Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of some TLC and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

Listing Agent

Adrienne Stewart

Keller Williams Home License #6502417257 Listed on: 04/17/2025

Keller Williams Home

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1963

HOA Fees

  • $725 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 900 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Accessible Elevator Installed
  • Ground Level Unit

Community Details

Overview

  • Marcus Mgt / Www.Cherboneaucoop.Com Association, Phone Number (248) 553-4700

Amenities

  • Lobby

Property Details

Home Type

Condominium

Year Built

Built in 1963

Lot Details

0

HOA Fees

$725 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Common Entry Building, Ranch
  • Architecture Level: 1 Story Ground
  • Year Built: 1963
  • Accessibility Features: Accessible Elevator Installed
  • Entry Location: Ground Level
  • Pets Allowed: No
  • Special Features: UnderContract
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Elevator/Lift
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 900

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: No Garage
  • Garage Features: Parking Lot

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Sewer: Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Insurance, Gas, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Water
  • Association Fee Frequency: Monthly
  • Phone: marcusmgt@aol.com / 248.553.4700
  • Association Fee: 725
  • Association Contact: Marcus Mgt / www.cherboneaucoop.com
  • Association Fee: Yes

MLS Schools

  • School District: Detroit

Map

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 List to Sale Price per Sq Ft
09/16/2025 09/16/25 Price Changed $39,900 -7.0% $44 / Sq Ft
08/14/2025 08/14/25 Price Changed $42,900 -4.7% $48 / Sq Ft
04/17/2025 04/17/25 For Sale $45,000 -- $50 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20250027069

Realcomp